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World’s biggest iPhone assembly plant under quarantine

A strict lockdown has been imposed on a district in Zhengzhou, China due to an outbreak of Covid-19  The Chinese authorities have ordered that a key industrial area in the city of Zhengzhou be quarantined. The decision throws a wrench into the works for Apple, as this will affect an iPhone assembly plant which is crucial for…

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Russia may bring back Soviet-era practice – officials

Responding to a senator’s idea, the Industry and Trade Ministry said the State Planning Committee could be revived to deal with the defense sector The Russian economy could be bolstered by bringing back the so-called State Planning Committee – a Soviet-era body that formed mandatory programs for the development of the country’s economy, Senator Andrey…

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ECB set for further rate hikes – Lagarde

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