China: Businesses shut as officials widen Covid lockdowns Toyota, Volkswagen and Apple supplier Foxconn are among firms halting their operations. Source
Chip giant Arm set to axe 15% of its staff after deal fails The UK technology firm could cut hundreds of jobs after its $40bn sale to US chipmaker Nvidia failed. Source
IMF: Ukraine economy could shrink as much as 35% Ukraine is facing a severe recession as a result of the Russian invasion, the IMF said. Source