Foxconn Zhengzhou plant’s Dec shipments hit 90% of original target – source

TAIPEI (Reuters) – December shipments from Foxconn’s Zhengzhou iPhone plant in China were 90% of the firm’s initial plans, a source with direct knowledge of the matter said, as the facility strives to recover from its COVID-induced woes. Foxconn declined to comment. The world’s largest iPhone manufacturing facility was hit late last year by a …

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South Korea to require COVID tests for Hong Kong, Macau travellers

SEOUL (Reuters) – South Korea’s health authorities said on Tuesday it will impose mandatory COVID-19 tests on travellers from Hong Kong and Macau, after Beijing’s decision to lift stringent zero-COVID policies. Effective Jan. 7, travellers from Hong Kong and Macau would be required to submit a negative result from a PCR test, according to the …

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Bolivia’s Arce hopes to mend ties with Brazil as Lula takes office

LA PAZ (Reuters) – Bolivia’s President Luis Arce said on Monday he hopes Brazil’s new president, Luiz Inacio Lula da Silva, will help improve diplomatic relations and explain issues that generated controversy during former President Jair Bolsonaro’s mandate. Speaking on television late Monday, Arce said he expected Lula, who took office for the third time …

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China Dec factory activity extends declines on COVID infections – Caixin PMI

BEIJING (Reuters) – China’s factory activity shrank at a sharper pace in December as surging COVID-19 infections disrupted production and weighed on demand after Beijing largely removed anti-virus curbs, a private sector survey showed on Tuesday. The Caixin/Markit manufacturing purchasing managers’ index (PMI) fell to 49.0 in December from 49.4 in November. The index has …

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Kevin McCarthy struggles for top spot in new Republican-led U.S. Congress

By Doina Chiacu and David Morgan WASHINGTON (Reuters) -U.S. Representative Kevin McCarthy struggled to beat back hard-line conservative opposition and secure enough votes to give him the speakership when the new House of Representatives convenes with a narrow Republican majority on Tuesday. After a poorer-than-expected showing in the November midterm elections, McCarthy’s fellow Republicans have …

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Singapore’s economy topped forecasts in 2022 but new risks growing

By Chen Lin SINGAPORE (Reuters) – Singapore’s economy grew faster that official forecasts in 2022 but slower activity in the fourth quarter points to significant risks ahead for the city-state in the new year as global demand weakens and inflationary pressures weigh. Singapore’s economy grew 3.8% in 2022, preliminary data from the Ministry of Trade …

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