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Macau to reopen city as no Covid infections detected for 9 days

Macau to reopen city as no Covid infections detected for 9 days

Macau will reopen public services and entertainment facilities, and allow dining-in at restaurants from Tuesday, authorities said, as the world’s biggest gambling hub seeks a return to normalcy after finding no Covid-19 cases for nine straight days. Beauty salons, fitness centres, and bars too will be allowed to resume operations, …

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Asia’s factories squeezed by higher prices, weak demand

Asia's factories squeezed by higher prices, weak demand

Asia’s factories struggled for momentum in July as China’s strict Covid restrictions and flagging global demand slowed production, although early signs red-hot inflation may be peaking provided some optimism for firms squeezed by prices. A series of purchasing managers’ indexes (PMI) for July released on Monday showed new orders falling …

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Grocery chain Bach Hoa Xanh revenues drop on store closures

Grocery chain Bach Hoa Xanh revenues drop on store closures

Grocery chain Bach Hoa Xanh suffered an 8 percent fall in sales year-on-year in the second quarter to VND6.76 trillion (US$289.47 million) following its closure of hundreds of outlets. The subsidiary of electronics retailer Mobile World closed 251 unprofitable outlets in May and June as it restructured and also changed …

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