Beijing's loosening of rules that have hobbled the world's second largest economy is being seen as the strongest sign yet that China is preparing its 1.4 billion people to live with the disease

TSMC announced on Tuesday it would more than triple its planned investment at its Arizona plant to $40 billion

The bleak data also underlined the impact of fresh Covid restrictions across many Chinese cities including manufacturing hubs Zhengzhou and Guangzhou

The US President's visit follows the Taiwanese chipmaker’s move to more than triple its planned investment in the factory to $40 billion

Emerging market currencies have outperformed their developed market counterparts this year and analysts say signs point to a broader turn in dollar sentiment

Japan is one of the most competitive car markets in the world and is still seen as a stronghold for fossil fuel-powered vehicles

Analysts predict China may now re-open the economy and drop border controls sooner than expected next year, with some seeing it fully open in spring

Move comes at time when New Delhi wants to narrow its growing trade deficit with Russia and as Moscow faces acute shortages of some crucial materials following Western sanctions

The Caixin/S&P Global services purchasing managers' index (PMI) fell to 46.7 from 48.4, marking the third monthly contraction

Some communities now require less frequent testing and are allowing close contacts of infected people to quarantine at home. New measures are expected to be announced within days.

Hong Kong residents can now receive the German-made bivalent shots to protect them against the original coronavirus plus the latest Omicron subvariants BA.4 and BA.5

HDFC raised $1.85 billion from the largest-ever bond issuance by an Indian bank on Thursday amid strong demand from long-term investors, and the State Bank plans a $1.2bn issuance on Friday