May 26 (Reuters) - Two months into harsh COVID-19 lockdowns that have choked global supply chains, China's economy is staggering back to its feet, but businesses from retailers to chipmakers are warning of slow sales as consumers in the country slam the brakes on spending.
SHANGHAI/BERLIN, May 26 (Reuters) - Car sales in China, Europe and the United States remain depressed compared to last year's levels as semiconductor shortages and anti-pandemic measures weigh on global autos markets, data showed on Thursday.
BEIJING, May 27 (Reuters) - Profits at China's industrial firms fell at their fastest pace in two years in April as high raw material prices and supply chain chaos caused by COVID-19 curbs squeezed margins and disrupted factory activity.
TOKYO, May 26 (Reuters) - An index measuring prices Japanese firms charge each other for services rose in April at the fastest annual pace in more than two years, data showed on Thursday, a sign that inflationary pressure is building broadly across the economy.
SHANGHAI, May 26 (Reuters) - Asian share markets slipped on Thursday after minutes from the Federal Reserve's early May meeting showed a majority backing half-percentage-point rate hikes in June and July, and as persistent concerns over global growth sapped confidence.
WASHINGTON, May 25 (Reuters) - All participants at the Federal Reserve's May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy's performance and was at risk of racing higher without action by the U.S. central bank, minutes of the session showed on Wednesday.
