A new report by Oxfam, the UK charity, says the wealth inequality gap increased as a new billionaire was created every 30 hours in the first two years of the Covid pandemic, while the poverty level grew for millions.

Officials in Beijing on Monday reported 99 new cases in the Chinese capital on May 22, the highest tally to date in its month-long outbreak, while Shanghai prepares to reopen next week

China’s production hub restarted parts of its subway system and several bus routes on Sunday but its authorities remain on high Covid alert

Workers in Shanghai were disinfecting subway stations and trains before reopening four metro lines and 200 bus routes on Sunday

Beijing has urged stock and futures exchanges to 'make solid efforts to help companies wade through the pandemic'

Industrial output plummeted by more than 61% in April, while retail sales sank by 48% and property sales were down by 88% when the city-wide lockdown was imposed

The fund's deputy managing director Kenji Okamura said the Covid pandemic, war in Ukraine and tougher global financial conditions would make this year "challenging" for Asia

The technology hub has been steadily allowing more businesses to reopen and letting larger numbers of residents leave home after a Covid lockdown of nearly seven weeks.

From Friday, travellers from Dallas, New York, Los Angeles, San Francisco, Seattle and Chicago will no longer need an RT-PCR test seven days before flying, or any antibody test

Tepco plans to filter the contaminated water to remove isotopes, leaving only tritium, a radioactive isotope of hydrogen hard to separate from water

April was the worst month for China's market since early 2020 as the country shut factories and imposed movement restrictions to combat new Covid-19 cases

Banks and key financial entities in Shanghai are among 864 institutions that have been allowed to return to work in China's financial centre, sources said on Wednesday