City Shanghai Financial News

04.05 / 22:33

NFT censorship Hundreds of NFTs listed on OpenSea from Shanghai residents during COVID lockdown

The city of Shanghai has been in a month-long mandated quarantine, which confines its 25 million residents to their homes. Initially, the latest COVID-19 outbreak began in March of this year and developed into the worst infection zone since the beginning of the pandemic.

04.05 / 14:57

Blockchain cryptocurrency Citi cryptocurrency news Shanghai Residents Turn To Blockchain To Record Lockdown Memories

Shanghai residents are turning to NFTs to record their memories during lockdown

29.04 / 12:23

markets Bitcoin Bitcoin Price Bitcoin price slow to react as US dollar rally stops at 20-year highs

Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the U.S. dollar come down from 20-year highs.

29.04 / 07:55

Blockchain Adoption Digital Currency Residents of 3 Chinese cities paying taxes and charges with digital yuan

Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY).

27.04 / 09:55

Citi Lowe's CNY China's central bank steps in to slow its rapidly weakening currency, as yuan hits one-year lows

BEIJING — The Chinese yuan strengthened slightly against the U.S. dollar on Wednesday, reversing a sharp weakening trend after the People's Bank of China signaled support for its currency.

25.04 / 23:01

markets Bitcoin Dollar Bears Bitcoin bears tighten their grip on BTC now that $40K is the new resistance level

Bitcoin (BTC) remains below $40,000 for the third consecutive day and the most likely source of the volatility is the worsening condition of traditional markets. For instance, the S&P 500 is down 5% since April 20 WTI crude price dropped 9.5% in seven days, erasing all of the gains accrued since March 1.

25.04 / 15:27

Twitter Coca-Cola Kellogg Verizon Warner Bros Stocks making the biggest moves premarket: Twitter, Coca-Cola, Warner Bros. Discovery and more

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25.04 / 10:53

markets stocks Bitcoin Bitcoin Price week 'Something sure feels like it's about to break' — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week in an uncertain place facing uncertain times — is $40,000 now resistance?

22.04 / 17:49

Manufacturing Tesla Discover China Wants to Reopen Factories After Covid-19 Lockdowns. It Isn’t That Easy.

As China tries to restart manufacturing in areas hit by Covid-19 lockdowns, companies are discovering that reopening their factories is not so simple.

22.04 / 03:55

Citi Manufacturing Huawei Many factory workers in Shanghai can't get back to work, even after Covid controls ease

BEIJING — Foreign businesses are struggling to bring workers back to factories after weeks of lockdowns in Shanghai, as the country battles its worst Covid outbreak since the pandemic began.

17.04 / 04:35

Citi Waves Target China's Covid policy locks down a city three times the size of New York

China's latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City — to stay home and undergo mass virus testing in the metropolis of Shanghai.

14.04 / 14:51

Volkswagen Chinese EV maker Nio says it's gradually resuming production after Covid halt

BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours' drive west of Shanghai, after temporarily halting operations due to the Covid outbreak.

11.04 / 22:33

Drag China’s Latest Covid-19 Lockdowns Begin to Drag on the Economy

China’s strict Covid-19 lockdowns in Shanghai and other industrial hubs are beginning to weigh on its economy, with auto sales slumping and consumer prices rising the fastest in three months.

11.04 / 17:49

markets stocks Federal Reserve Bitcoin Bitcoin keeps falling as former BitMEX CEO gives $30K BTC price target for June

Bitcoin (BTC) saw a predictable fall into the Wall Street open on April 11 as bears took the market toward $40,000.

08.04 / 13:25

Covid compromise: Would you tolerate snoring co-workers or brush your teeth next to the boss?

HONG KONG — The Covid-19 pandemic forced many people to learn to work from home. In China’s financial centre, it is now the opposite challenge: learning to live — round the clock — at the office.

07.04 / 23:19

markets fees Bitcoin Bears Bears have a $100M reason to keep Bitcoin price under $45K until Friday’s options expiry

Some analysts argue that Bitcoin (BTC) rallied too fast and too soon and the weakness that we see today is a result of that. Currently, a new Covid variant has caused the Chinese government to implement severe restrictions on Shanghai and other major cities and persistent regulatory concerns continue to weigh down on sentiment within the crypto sector.

07.04 / 14:19

Covid compromise: Would you tolerate snoring co-workers or brush your teeth next to the boss?

04.04 / 20:05

Twitter Starbucks Tesla Stocks making the biggest moves midday: Twitter, Starbucks, Tesla and more

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04.04 / 15:29

cryptocurrency Tesla Coronavirus Weekend Weekend Crypto Trading Offers Clues to Stock Investors as Tesla Faces Shanghai Lockdown

The predictive power of tokenized stocks that are traded 24/7 is finally receiving the attention of Wall Street and the financial media, after Tesla’s stock tokens signalled bullishness among traders despite a difficult weekend for the electric car maker.

04.04 / 12:37

Twitter NASDAQ Tesla Tesla's Token Rises Despite Shanghai Factory Shutdown

Regardless of Tesla's Shanghai factory shutdown recently, investors believe the automaker will survive the disruptions as its crypto-token trading suggests a rise in its shares, Bloomberg reported.

01.04 / 09:31

Citi Waves Target Manufacturing Citi raises its forecast for China's GDP growth, bringing it closer to the official target

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latest developments in city Shanghai

What is the current situation in city Shanghai?

In city Shanghai, the spotlight is on socially significant developments that affect the region’s daily life.

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We publish verified updates about the situation in city Shanghai, based on information from official representatives.

What shapes the media agenda in city Shanghai?

The news landscape of city Shanghai is shaped by key decisions by local authorities, reflecting its specific characteristics.