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Strongest typhoon since 1949 hits Shanghai and knocks out power to some homes

by AIP Online Bureau | Sep 16, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Typhoon Yagi hit China’s southern Hainan island earlier this month and has caused devastation in Southeast Asia. In Myanmar, Yagi caused at least 74 deaths with dozens missing. Four deaths were reported in Hainan, at least 10 have died in Thailand and 20 in the...
Shanghai to end two-month long Covid-19 lockdown on June 1: Report

Shanghai to end two-month long Covid-19 lockdown on June 1: Report

by AIP Online Bureau | May 31, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

“Beyond Shanghai, restrictions on inter-regional mobility mean that supply-chain snarls will not disappear overnight,” wrote Bloomberg Economics Chief Asia Economist Chang Shu in a Tuesday note. “A retreat in virus infections allowed Shanghai to begin reopening. But...

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...

China sends military, doctors to Shanghai amid COVID-19 outbreak

by AIP Online Bureau | Apr 4, 2022 | Health, International News, Pandemic

Shanghai will conduct city-wide nucleic acid testing on Monday. The city on Monday reported 425 confirmed and 8,581 asymptomatic domestically transmitted cases, the highest daily increases since the latest outbreak, bringing the total number of COVID-19 infections in...

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...
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