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  A spike has been recorded in the cases, which has put Hong Kong’s zero-Covid policy to test against the coronavirus. The governmental authorities have started blaming the omicron variant and the extreme transmission speed for bringing the fifth wave of infection to the city. Daily new cases have registered nearly 60 times growth since the beginning of the month when Hong Kong started reporting over 100 cases a day. The daily infections have converted into thousands and on Wednesday registered 8,674 cases. Hong Kong authorities started last week that the country was reporting more confirmed cases across the fifth wave that have been reported in 2020 as well as 2021. The onslaught of the fifth wave has levied an enormous blow to Hong Kong and got the city overwhelmed with the capacity to handle the cases. However, some officials are still abiding by the statement of not imposing a widespread city lockdown. As far as Hong Kong gets concerned, the country is required to penetrate its...

  Supply chain disruptions have been prolonged driven by the Chinese strict zero-COVID policy, according to one economist. The challenges have been found to last more than a year now however, are projected to ease in the coming months of the year. So the economy is anticipated to start witnessing a material downward pressure across things such as producer prices, and input prices. However, given the Chinese zero-COVID policy and how they tend to shut important ports and other pivotal factories is what is expected to increase disruption. Beijing has been found to enforce a stricter zero-COVID policy since the pandemic has begun in 2020. It comprises travel restrictions and strict quarantines, whether it's inside a city or with other countries for controlling the outbreak. Restrictions have been focused on containing COVID-19, which has impacted shipping and manufacturing operations worldwide, thus exacerbating the supply chain crisis. Some renewed concerns have started to surface am...

  On 17 th January, it was reported that Neoen, a leading French independent producer of renewable energy, has officially launched its flagship Goyder Renewables Zone project in South Australia with notice to proceed given to a consortium of GE Renewable Energy and Elecnor in late December 2021. The notice is for the construction of a 12 MW wind farm known as Goyder South Stage 1. The wind farm will consist of 75 GE 5.5-158 Cypress turbines, a model that has been widely deployed in Australia and across the world. Early work has commenced and with supplementary approvals finalized. The major construction works are scheduled to start in Q2 2022 with the wind farm expected to be operational by 2024. Commenting on the announcement, Louis de Sambucy, Neoen Australia’s Managing Director, said, “We are delighted to start building the first stage of our Goyder Renewables Zone, Neoen’s most competitive giga-project. We look forward to building on this strong foundation, adding solar and ba...