Industrial output in Shanghai dropped 7.5% in March, city official says

Industrial output in Shanghai dropped 7.5% in March, city official says


A worker works at a production line in Qingpu district of east China’s Shanghai 211027. Industrial output in the city dropped by 7.5% year-on-year after stringent lockdown measures halted production in some factories, the city’s official said on Friday.

Ding Ting | Xinhua News Agency | Getty Images

Industrial output in Shanghai, China’s financial hub, dropped by 7.5% year-on-year after stringent lockdown measures halted production in some factories, the city’s official said on Friday.

“The latest virus outbreak has greatly impacted the city’s industrial activities, leading to March’s output being down 7.5% year-on-year,” Wu Jincheng, chairman of Shanghai’s economic planner, said at a press conference on Friday.

The city’s industrial output growth in the first quarter slowed to 4.8%, Wu said. There were no comparative data on fourth quarter of 2021 or year-on-year figures.



Source

European stocks to open higher as traders track Venezuela developments
World

European stocks to open higher as traders track Venezuela developments

One of the helicopters carrying Venezuela’s President Nicolas Maduro and his wife Cilia Flores arrives after they were captured overnight in Venezuela by U.S. forces, at the Westside Heliport in New York City, U.S. January 3, 2026. Jeenah Moon | Reuters LONDON — European stocks are expected to open in mixed territory Monday as global […]

Read More
Who controls Venezuela’s oil now? What Maduro’s arrest means for energy markets
World

Who controls Venezuela’s oil now? What Maduro’s arrest means for energy markets

The oil tanker “Minerva Astra” lies at anchor in Maracaibo, Venezuela, as protester with the Venezuelan flag approaches the vessel Dec. 17, 2002. Andrew Alvarez | Afp | Getty Images The arrest of Nicolás Maduro has thrown one of the world’s most politically fraught oil industries back into focus, forcing investors to reassess who controls […]

Read More
Elon Musk’s Starlink offers free internet access in Venezuela following U.S. airstrikes and Maduro’s arrest
World

Elon Musk’s Starlink offers free internet access in Venezuela following U.S. airstrikes and Maduro’s arrest

SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025. Daniel Cole | Reuters Elon Musk’s Starlink is offering free broadband internet service to users in Venezuela through Feb. 3, following U.S. airstrikes and the capture of ousted leader Nicolas Maduro.  The satellite internet provider said in a release on Sunday that service credits […]

Read More