Blackouts spread across Ukraine after Russian strikes
World Business Report - Podcast autorstwa BBC World Service
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Russian shelling knocks out electricity supplies to large parts of Ukraine, leaving the country with practically no undamaged thermal and hydroelectric power plants. We talk to Natalie Jaresko, a former Ukrainian finance minister. The International Monetary Fund has urged China to boost its Covid-19 vaccination rates in hopes the authorities might soon rework their Covid Zero strategy. This comes as Beijing is struggling to maintain its policy of using mass testing and lockdowns to eliminate the virus. We hear from a local resident in the capital about growing discontent surrounding these restrictions. We also look at the reported clashes between police and workers at the largest iPhone factory in the world, in the Chinese city of Zhengzhou. Covid Zero policies have led to weeks of unrest in these facilities. Credit Suisse has warned it will lose around $1.6 billion in the fourth quarter after customers pulled their investments and deposits over concerns about the bank’s financial health. We discuss what’s happening at the bank.