People stand in line for Covid-19 tests in Beijing on April 23, one day after 10 infections were detected in middle school students. AP Photo
People stand in line for Covid-19 tests in Beijing on April 23, one day after 10 infections were detected in middle school students. AP Photo
People stand in line for Covid-19 tests in Beijing on April 23, one day after 10 infections were detected in middle school students. AP Photo
People stand in line for Covid-19 tests in Beijing on April 23, one day after 10 infections were detected in middle school students. AP Photo

China sounds alert over Beijing Covid-19 cases as Shanghai reports more deaths


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China's capital Beijing was placed on alert after 10 middle school students tested positive for Covid-19, in what city officials said was an initial round of testing.

City officials suspended classes in the school for a week following the positive test results on Friday. Beijing also reported four other confirmed cases that day that were counted separately.

Mainland China reported 24,326 new community-transmitted infections on Saturday, with the vast majority of them asymptomatic cases in Shanghai, where enforcement of a strict “zero-Covid” strategy has drawn global attention.

  • People line up for Covid-19 tests in a residential community under lockdown in Shanghai, China. EPA
    People line up for Covid-19 tests in a residential community under lockdown in Shanghai, China. EPA
  • Shanghai reported 3,590 new locally transmitted Covid-19 cases and 19,923 local asymptomatic infections on April 16, according to the Shanghai Health Commission. EPA
    Shanghai reported 3,590 new locally transmitted Covid-19 cases and 19,923 local asymptomatic infections on April 16, according to the Shanghai Health Commission. EPA
  • On April 1 the city went into a general lockdown for 4 days. Those 4 days turned into 16 days – and counting. EPA
    On April 1 the city went into a general lockdown for 4 days. Those 4 days turned into 16 days – and counting. EPA
  • Some lockdown restrictions have been lifted. EPA
    Some lockdown restrictions have been lifted. EPA
  • Most delivery services are blocked, making it difficult for people to buy food and groceries. EPA
    Most delivery services are blocked, making it difficult for people to buy food and groceries. EPA
  • A man seen through a fence stands in a residential community under lockdown. EPA
    A man seen through a fence stands in a residential community under lockdown. EPA
  • A man takes a Covid-19 test in Shanghai. EPA
    A man takes a Covid-19 test in Shanghai. EPA
  • A woman wearing a mask for protection sits with her dog after Covid-19 testing. EPA
    A woman wearing a mask for protection sits with her dog after Covid-19 testing. EPA
  • A woman carries a box of supplies at a makeshift hospital in Shanghai. AP
    A woman carries a box of supplies at a makeshift hospital in Shanghai. AP

China has doubled down on the approach even in face of the highly transmissible Omicron variant. The zero-Covid policy, involving mass testing and strict lockdowns where people could not leave their homes, warded off many deaths and widespread outbreaks when faced with less transmissible variants.

Some question whether the strategy is worth the trade-offs. Many residents in Shanghai have struggled to get adequate food supplies, while some were also unable to get drugs or medical attention. Some elderly people died after an outbreak at a hospital led medical staff to be quarantined.

The country is now facing its worst outbreak since the beginning of the pandemic in the central city of Wuhan.

Local media reported that in Beijing’s Chaoyang district, the government ordered the suspension of in-person after-school activities and classes. The city government is now conducting a round of mass testing to look for more cases.

In Shanghai, city officials reported 12 new deaths on Saturday, all elderly patients with underlying illnesses.

How to increase your savings
  • Have a plan for your savings.
  • Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
  • Decide on a financial goal that is important to you and put your savings to work for you.
  • It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings. 

- Carol Glynn, founder of Conscious Finance Coaching

 

 

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While you're here
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COMPANY%20PROFILE%20
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Hunger and Fury: The Crisis of Democracy in the Balkans
Jasmin Mujanović, Hurst Publishers

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

MATCH INFO

Manchester City 1 (Gundogan 56')

Shakhtar Donetsk 1 (Solomon 69')

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The currency conundrum

Russ Mould, investment director at online trading platform AJ Bell, says almost every major currency has challenges right now. “The US has a huge budget deficit, the euro faces political friction and poor growth, sterling is bogged down by Brexit, China’s renminbi is hit by debt fears while slowing Chinese growth is hurting commodity exporters like Australia and Canada.”

Most countries now actively want a weak currency to make their exports more competitive. “China seems happy to let the renminbi drift lower, the Swiss are still running quantitative easing at full tilt and central bankers everywhere are actively talking down their currencies or offering only limited support," says Mr Mould.

This is a race to the bottom, and everybody wants to be a winner.

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Updated: April 25, 2022, 10:17 AM