The Caixin/S&P Global services purchasing managers' index (PMI) fell to 46.7 from 48.4, marking the third monthly contraction

Analysts predict a consumption rise as lockdown savings are spent following three years of economically suffocating Covid restrictions

Even though daily cases are near all-time highs, some cities are loosening Covid-19 testing and quarantine rules following large-scale public unrest

Some communities now require less frequent testing and are allowing close contacts of infected people to quarantine at home. New measures are expected to be announced within days.

Analysts at Piper Sandler are predicting Apple will sell 9 million fewer iPhones in this quarter as a result of China’s continuing Covid struggles

Hong Kong residents can now receive the German-made bivalent shots to protect them against the original coronavirus plus the latest Omicron subvariants BA.4 and BA.5

Officials in some cities are lifting lockdowns and allowing businesses to reopen, despite daily case tolls near high levels. Authorities are also allowing people in some areas to quarantine at home.

Alibaba founder Jack Ma has been living in Tokyo with his family, personal chef and security, avoiding China's Covid restrictions and developing an interest in art and painting watercolours, a new report says

Analysts blamed Covid curbs for the latest data for November, saying Covid restrictions have been imposed in areas responsible for 25% of GDP, and with rising cases the economy may struggle until well into 2023

Moscow has sent India a list of more than 500 products it needs to keep key industries running, but while Delhi wants to cut its huge trade deficit, some companies fear being hit with sanctions.

Health officials were due to hold a news conference on Tuesday to discuss Covid curbs, spurring hope that restrictions may be eased

Production at two VW car plants in China has been impacted by the latest Covid wave sweeping the country, a VW spokesperson said on Monday