Financial business

FirstFT: Food shortages in Xian confined

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Chinese authorities have pledged to alleviate food shortages in Xi’an for residents locked in their homes as the country battles its worst Covid-19 outbreak since the pandemic began in Wuhan two years ago.

Residents of the 13m central city in China complained on social media that their grocery stores were running out and they were having difficulty purchasing more supplies as stores were closed and travel severely curtailed .

In many parts of the city, residents are only allowed to leave their homes for mandatory Covid-19 testing and have to rely on patchy delivery services to restock.

“The shops here are not open. If they were open, we still can’t get off, ”a Xi’an resident said on Weibo, the social media platform. “All we can do is add the store owner’s WeChat and sneak up on us at night. Buying food is like being a thief, ”the person added.

Good year. What are you expecting the most in 2022? Share with us on [email protected] and we can feature your response in a future newsletter. Thanks for reading FirstFT Asia. – Emilie

1. Finland insists on its right to join NATO Russia’s saber strikes in Ukraine have reignited the debate in Finland over the Nordic country’s membership in NATO, defying demands from Moscow that seek to limit the expansion of the military alliance in Europe.

  • Related reading: The United States and its allies are ready to react “decisively” if Russia invades Ukraine, President Joe Biden told his Russian counterpart Vladimir Putin.

2. Attack on the EU’s plan to qualify nuclear energy as “sustainable” Germany, Austria and Luxembourg have criticized Brussels’ plan to classify nuclear energy as a sustainable technology in the EU’s labeling system for green investments, which is at the heart of European decarbonization plans. the economy of the bloc.

3. Twitter bans Republican lawmaker for disinformation Marjorie Taylor Greene, the Republican whose provocative social media posts made her one of the most controversial members of Congress, has been permanently banned from Twitter after repeatedly posting misinformation about the pandemic.

4. Tesla delivers record number of new vehicles The electric car maker broke its own production and delivery records in the last few months of last year, ignoring the supply chain and other issues to hand over to new customers the keys to more than 308,000 vehicles.

5. Chinese tech stocks rise in the last trading session of 2021 Shares of Chinese tech companies surged on the last trading day of the year, after big gains on Wall Street for US-listed Chinese companies on Thursday, though the rally was not enough to shake off the gloom after a lamentable year 2021 for the sector marked by regulatory repression.

  • More market news: Global stock markets closed 2021 with double-digit gains for the third year in a row, as accommodative monetary policy and a flood of fiscal stimulus helped propel an economic recovery from the pandemic.

Coronavirus digest

  • the Mondial economy has rebounded from the historic recession caused by the Covid-19 crisis better than many economists expected in 2021, but faces a more difficult path to follow in the coming year, forecasters say.

  • Hong Kong Authorities blasted Cathay Pacific for violating Covid-19 restrictions, as health officials confirmed the first widespread Omicron cases in the city.

  • the Chief Medical Advisor of the United States warned of an “unprecedented” increase as the country reported a record number of infections that have spiked hospitalization rates and caused widespread disruption of flights.

  • Schools of England are set to move some lessons online, amid widespread absences caused by the rapid spread of the Omicron variant.

  • As business leaders had finally started to catch their conference cords again after months of restrictions, the rapidly spreading Covid-19 strain caused another round of postponements.

Column chart of US measures, rebased to 100 for 2019 showing pandemic wreaking havoc on exhibitions industry

The day to come

New CEO of Johnson & Johnson Joaquin Duato is expected to become CEO of Johnson & Johnson, succeeding Alex Gorsky who will become executive chairman. Find out what else we have in store for 2022 in our special edition of the Week Ahead newsletter.

Israeli interest rate announcement Economists expect Israeli policymakers to keep interest rates stable on Monday, according to a Reuters poll. However, analysts anticipate an increasingly hawkish tone. (Reuters)

Retail sales in Hong Kong The territory will release its retail sales figures for November. In October, retail sales jumped 12%. (SCMP)

What else do we read

Forecasting the world in 2022 FT editors share their forecast for the new year, from the possible emergence of an even more infectious strain of coronavirus to the Ukraine standoff and the NFT bubble.

© Ulla Puggaard

Royal initiate Anne Glenconner: “I’m not afraid of anything” At birth, Glenconner disappointed men; since then they have disappointed her. She therefore compensated. She spent three decades as the maid of honor to Princess Margaret. “It’s not that I don’t like men! But those who are close to it are absolutely infuriating, ”she told FT’s Henry Mance.

How to keep your New Year’s resolutions Behavioral science professor Ayelet Fishbach discusses how best to set goals and stick to them. In addition, good news for those whose new ambition is to change jobs this year.

In search of the world’s best home cooks One of the joys of cooking in the modern world is that, thanks to cookbooks and online videos, if you haven’t learned to cook from your own grandma, you can borrow someone’s precious secrets. ‘another.

Lessons halfway through life Shortly after the start of the New Year, FT columnist Janan Ganesh will be turning 40. Among his discoveries to share before the milestone: go for checked baggage over hand baggage, eat only once a day and the true point of romance.

Arts

The urge to attend live performances, real concerts and events in person, and experience tangible and palpable art has not gone away. While the uncertainty surrounding the pandemic still shakes the arts, here’s what to expect in a year of cultural highlights.

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