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Samsung to Maintain Capex After Plunging Profits in Chips
Tax Cuts, Factory Incentives: What to Watch for in India Budget
NZ’s Hipkins Reshuffles Cabinet to Focus on Key Election Issues
Hong Kong’s Lee Rebuffs Calls for Inquiry Into Pandemic Handling
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Sports Fans Flock to Phoenix Where Even a Super 8 Motel Runs $450 a Night
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The Economists Have Failed Us
A $500 Million Bet on Reinvigorating Japan’s Aging Ski Industry
The Secret to EV Success Is the Software
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This Week in Crypto: Binance Mishandles Collateral, More Crypto Layoffs (Podcast)
Shirley Zhao
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China’s Covid Zero policy is having far-reaching effects on global companies, with automakers, tech firms, fashion houses and even breweries feeling the brunt as the country’s weeks-long lockdowns paralyze major industrial hubs and disrupt supply chains.
More than 180 companies around the world have mentioned terms including “China” and “lockdowns” in their first-quarter earnings calls or financial statements, according to a Bloomberg News analysis of transcripts and filings. It’s a significant jump from fewer than 50 companies in the previous quarter, and the list is still growing as more firms report financial results in the days and weeks ahead.