SHENZHEN, China – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday. There are few signs that American companies are leaving the China market, but the years-long process of research and due diligence for projects has been delayed, Michael Hart said at an event launching the chamber’s annual report.…"China’s COVID controls will impact foreign investment for years – U.S. lobby"
GENEVA – The World Health Organization warned on Monday that COVID-19 may spread rapidly in North Korea, where it said vaccination programmes had yet to begin. “With the country yet to initiate COVID-19 vaccination, there is risk that the virus may spread rapidly among the masses unless curtailed with immediate and appropriate measures,” said Poonam Khetrapal Singh, WHO’s regional director for South-East Asia, in a statement sent to journalists. In the same statement, the WHO…"COVID-19 may spread rapidly in North Korea, WHO warns"
BRUSSELS – The European Commission said on Monday that no final decision had been made about the possible termination of a contract with Valneva to supply its COVID-19 vaccine to the European Union. Valneva said earlier on Monday it had received a notice of intent from the Commission to terminate the contract. The statement triggered a sell-off of the company’s shares, which lost one-fifth of their value in few hours. EU Commission spokesman Stefan de…"EU says no final decision taken on ending Valneva COVID vaccine contract"
– Shanghai set out plans on Monday for the return of more normal life from June 1 and the end of a painful COVID-19 lockdown that has lasted more than six weeks and contributed to a sharp slowdown in China’s economic activity. DEATHS AND INFECTIONS * Eikon users, see COVID-19: MacroVitals for a case tracker and summary of news. EUROPE * Russia will promptly consider any request from North Korea for COVID-19 vaccine supplies, Kremlin…"Factbox-Latest on the worldwide spread of the coronavirus"
– General Motors Co, Ford Motor Co and Chrysler parent Stellantis NV said on Sunday they are reinstating a requirement that employees wear masks in southeastern Michigan where there are high levels of COVID-19. The Detroit Three automakers said in early March they would allow auto workers to stop wearing masks at workplaces where U.S. health officials said it was safe to do so. That month, the automakers said they would adopt revised guidance by…"Detroit Three automakers reinstate mask mandate at some Michigan facilities"
SHANGHAI/BEIJING -Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in strict COVID-19 lockdown, while Beijing battles a small but stubborn outbreak. All but shut down for more than six weeks, Shanghai is tightening curbs in some areas that it hopes marks a final push in its campaign against the virus, which has infuriated and exhausted residents of China’s largest and…"Shanghai aims to reopen more COVID-shut businesses, Beijing battles on"
– Pfizer Inc and its German partner BioNTech SE said on Friday they had agreed to push back deliveries of their COVID-19 vaccines to the European Union by three months as the bloc prepares for a potential booster campaign in the fall. The companies amended their supply agreement with the European Commission to push back delivery of doses scheduled for June through August until September through the fourth quarter of this year. “This amendment meets…"Pfizer, EU push back COVID vaccine delivery to help booster campaign"
– Russia will promptly consider any request from North Korea for COVID-19 vaccine supplies, Kremlin spokesperson Dmitry Peskov said on Friday. “North Korean comrades are well aware of our various inoculations, they are aware of our extensive experience with COVID,” Peskov said. “If there are appeals from Pyongyang, they will be dealt with promptly.” At least one person confirmed to have COVID-19 has died in North Korea and hundreds of thousands have shown fever symptoms,…"Russia would consider North Korea request for COVID vaccine supply"
SEOUL – North Korea is facing its first confirmed COVID-19 outbreak with no known vaccine programme, sparking new calls for the government to accept aid that could save lives, help protect its battered economy, and possibly lead to a diplomatic opening. The office of South Korean President Yoon Suk-yeol said on Friday it intends to help the North, including by providing vaccines, and that specific measures would be discussed with Pyongyang. North Korea is not…"N.Korea gets offers of aid to fight COVID as it lacks vaccines"
SEOUL – North Korea’s admission that it is battling an “explosive” COVID-19 outbreak has raised concerns that the virus could devastate a country with an under-resourced health system, limited testing capabilities, and no vaccine programme. The isolated North confirmed on Thursday its first COVID-19 infections since the pandemic emerged more than two years ago, shifting to the “maximum emergency epidemic prevention system” and imposing a national lockdown. On Friday it reported its first COVID-related death.…"Explainer-How N.Korea’s COVID-19 outbreak could ignite a major health crisis"