China COVID hard line eats into everything from Teslas to tacos

SHANGHAI (Reuters) – When Tesla’s Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand.FILE

Wall St inches higher as Meta earnings offset GDP gloom

(Reuters) – Wall Street edged higher on Thursday as strong earnings from Meta Platforms lifted battered technology and growth stocks and offset concerns around a contraction in U.S. economic growth in the first quarter.FILE PHOTO: Raindrops hang on a sign

NZ housing market now in full retreat – ASB

March Real Estate Institute (REINZ) data shows New Zealand’s housing market in “full retreat” as credit tightening and higher mortgage rates hobble demand, says ASB economist Mike Jones. “The RBNZ is getting a wriggle on with interest rates so we

China's imports unexpectedly fall on domestic COVID curbs

BEIJING (Reuters) -China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened demand, while export growth slowed slightly and analysts expected trade to worsen in the second quarter.FILE PHOTO: Trucks