CFOCUS

How a cheap component could help kill combustion cars

LONDON/BERLIN, May 30 (Reuters) – The humble wiring harness, a cheap component that bundles cables together, has become an unlikely bane of the automotive industry. Some predict that this could accelerate the fall of combustion cars. The auto part’s supply has been stifled by war in Ukraine, home to a large share of global production, …

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Zero-COVID, big money: China’s anti-virus spending boosts medicine, tech and construction

BEIJING, May 30 (Reuters) – China’s “zero-COVID” policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has hit much of the country’s economy, but it has created growth bubbles in the medical, technology and construction sectors. The Chinese government, alone among major countries to have pledged to eradicate …

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