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[May 09, 2022]
(Reuters) - China's two biggest
cities tightened COVID-19 curbs on their residents on Monday, raising
new frustration and even questions about the legality of its
uncompromising battle with the virus.
DEATHS AND INFECTIONS
* Eikon users, see COVID-19: MacroVitals
https://apac1.apps.cp.
thomsonreuters.com/cms/?navid=1592404098 for a case tracker and summary
of news.
EUROPE
* The first World Trade Organization meeting to discuss a draft
agreement to temporarily waive intellectual property rights for COVID-19
vaccines went "very well", its chair said on Friday, although some
members voiced reservations.
AMERICAS
* With more U.S. travellers expected to take to the skies and the roads
this summer as COVID-19 restrictions ease, unbridled demand will strain
capacity in the leisure and travel industry and push prices even higher.
ASIA-PACIFIC
* Shanghai authorities were tightening the city-wide COVID-19 lockdown
they imposed more than a month ago, prolonging into late May an ordeal
that China's capital Beijing was desperate to avoid by turning mass
testing into an almost daily routine.
* If Shanghai Communist Party chief Li Qiang has been politically
bruised by the city's struggle to tame a COVID-19 outbreak that has
infuriated residents and caused severe economic damage, there is little
sign of it.
AFRICA AND MIDDLE EAST
* Israel said it was ending mandatory COVID-19 testing for arrivals at
Tel Aviv's Ben Gurion airport, but foreigners would still have to test
negative overseas before boarding a flight to the country.
MEDICAL DEVELOPMENTS
* The U.S. health regulator said it was limiting the use of Johnson &
Johnson's COVID-19 vaccine for adults due to the risk of a rare blood
clotting syndrome, the latest setback to the shot that has been eclipsed
by rivals.
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People line up at a makeshift nucleic acid testing site to get
tested for the coronavirus disease (COVID-19) in Haidian district of
Beijing, China May 9, 2022. REUTERS/Carlos Garcia Rawlins
ECONOMIC IMPACT
* China's export growth slowed to single digits in April, while imports
were unchanged as tighter and wider COVID-19 curbs halted factory
production, disrupted supply chains and triggered a collapse in domestic
demand.
* Bank of Japan policymakers remained unwavering in their resolve to
keep massive monetary stimulus, even as some saw signs of change in the
country's low-inflation environment, minutes of their March policy
meeting showed on Monday.
* Japan's services sector activity expanded for the first time in four
months in April, as consumer sentiment recovered after the government
lifted coronavirus curbs following a decline in domestic Omicron
infections.
* COVID-19 restrictions imposed earlier in the year, which have now been
lifted, led to a strong pick-up in Indonesia's economic activities,
Margo Yuwono, head of Indonesia's statistics bureau, told a news
conference.
* Japan's airlines are betting on a travel recovery this summer after
the COVID-19 doldrums, as many Japanese look to head overseas for the
first time in years now that fully vaccinated residents no longer face
quarantine curbs on their return.
* China's foreign exchange reserves fell by $68 billion in April, the
biggest drop in five and half years, official data showed, as the dollar
climbed while foreign investors dumped Chinese stocks amid worries about
the slowing economy.
(Compiled by Sherry Jacob-Phillips; Editing by Subhranshu Sahu)
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