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Covid hits China’s economy. Australian house prices see biggest annual drop since 2008. Ukraine strike kills 63 Russian troops. Here’s what you need to know today.

Covid hits China’s economy. Australian house prices see biggest annual drop since 2008. Ukraine strike kills dozens of Russian troops. Here’s what you need to know today.

, with business and consumer spending plunging in December, as Covid surged across the country. Official data over the weekend showed the manufacturing decline worsened last month, while activity in the services sector fell the most since February 2020. While the outbreak has likely peaked in places like Beijing, and economic activity is starting to

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