JPMorgan’s Loeys Says Markets Worried About WH Policies

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of vehicles at some plants in Germany over a shortage of parts that are supplied from Ukraine.

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of vehicles at some plants in Germany over a shortage of parts that are supplied from Ukraine.

The war in Ukraine has wreaked havoc on the global economy as the world reels from high energy and metal prices. As the war rages, DW looks at the fallout on commodity markets since the February 24 invasion.

Cryptocurrency markets are in turmoil as so-called stablecoins, designed to be protected from extreme volatility, have tumbled in recent days. One such token, Luna, has all but evaporated, plunging from a high of $118 last month to less than one cent. Plus, the airline industry is struggling with staff shortages ahead of the summer holiday season – we find out why.

The former US president allegedly tried to grab the steering wheel in a limo after being told he could not join his supporters. A secret service agent was forced to restrain him, according to the testimony.

Nationwide protests against China's zero-Covid policy have left investors concerned about the outlook for the country's economy. On Monday morning, both the Shanghai Composite and Hang Seng in Hong Kong were posting losses.

US President Joe Biden said he will not remain silent as long as antisemitism in the US is on the rise. He made the comments during a Hanukkah event at the White House.

The US military shot down the high-altitude object over Alaska. It is the second foreign incursion into US airspace in two weeks.

The closure of Silicon Valley Bank, followed by Signature Bank, has undermined market confidence and raised recession risk fears. Stocks and equities in Asia dropped amid fears about exposure.

Actors, authors, singers and other artists joined Biden in the White House East Room Tuesday (March 21) where they received either a National Medal of Arts or National Humanities Medal for their contributions to American society.

US President Joe Biden's administration defended the decision to withdraw all US troops from Afghanistan in 2021. It followed almost two decades in the country, and led almost immediately to the Taliban reclaiming power.

Joe Biden has formally announced his campaign for re-election in 2024, asking Americans for four years to “finish this job”, possibly setting up an extraordinary rematch with Donald Trump.