News Snapshot:
SHANGHAI (BLOOMBERG) - Shanghai's Covid-19 cases continued to rise, prompting authorities to declare more high-risk areas and fuelling fears that China's financial hub may tighten movement restrictions again. The city reported 59 new local infections for Friday (July 8), increasing from Thursday's 45 and the highest number since late May. Officials said one of the latest cases was detected out of quarantine and management control, which includes infections that were found in residential compounds under lockdown. The city of 25 million is screening 3,825 people related to the case that was found in the community. The Shanghai municipal government added...