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Shanghai extends lockdown to entire city as tests show COVID spread

by AIP Online Bureau | Apr 5, 2022 | Eco/Invest/Demography, Health, International News, Pandemic

The costs to the world’s second-biggest economy mount. Some 23 Chinese cities are under total or partial lockdown, affecting an estimated 193 million people in areas accounting for 13.6% of its gross domestic product, the Nomura brokerage said in a note on...

Maersk warns Shanghai city lockdown to boost transport costs further

by AIP Online Bureau | Mar 29, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy

A survey conducted by a state newspaper found Shenzhen’s “war” on COVID-19 has hurt up to 93% of local small and medium-sized companies, with many suffering production disruptions because of shutdowns, interruptions in supply chains, and delays in...
Shanghai to lock down in two stages for testing as COVID cases spike

Shanghai to lock down in two stages for testing as COVID cases spike

by AIP Online Bureau | Mar 27, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy

The city houses factories belonging to the likes of Tesla , Volkswagen and the country’s largest chipmaker SMIC, as well as the mainland China headquarters of many international companies China reported a total of 4,448 new asymptomatic infections on March 26,...

China’s lockdowns due to Covid surge could threaten half of economy

by AIP Online Bureau | Mar 15, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

Shenzhen is the second-most important port in China after Shanghai, and processes about 10% of the containers shipped from China in any month. A part of the port was shut for weeks in mid-2021 to contain a local outbreak of Covid, but even then the port was able to...

Back in court – UK hospitality groups take on insurers over lockdown losses

by AIP Online Bureau | Jan 21, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

Corbin & King, the owner of London’s Wolseley and Delaunay restaurants is suing AXA for around 4.5 million pounds in a dispute that hinges in part on the scope of “denial of access” cover, designed to protect insured venues that are shut by...
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