Tuesday , November 26 2024

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Shanghai reopens cinemas but warns of Covid risks amid outbreaks

Shanghai reopens cinemas but warns of Covid risks amid outbreaks

Shanghai reopened most cinemas on Friday, sticking to a plan of gradual resumption of daily activities after it lifted a two-month Covid-19 lockdown in June. Seeking to avoid a repeat of the ordeal that the commercial hub of 25 million suffered in April and May, Shanghai’s strategy rests on frequent …

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US job growth likely slowed in June; unemployment rate seen at 3.6 pct

US job growth likely slowed in June; unemployment rate seen at 3.6 pct

U.S. employers likely hired the fewest workers in 14 months in June, but the jobless rate probably remained near pre-pandemic lows. This underscores labor market tightness that could encourage the Federal Reserve to deliver another 75-basis-point interest rate increase later this month. Despite the anticipated slowdown in job growth last …

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