Asian stocks mostly slide amid lingering Omicron worries
TOKYO (AP) – Asian stocks are mostly weaker amid lingering concerns about the potential of the omicron coronavirus variant to harm the regional economy and mixed signals from Wall Street.
Benchmarks fell in Japan, South Korea and China, while the index jumped in Australia. Although the cases of infection reported by the omicron variant in Asia remain relatively low compared to the United States and Europe, there are growing concerns that omicron will spread rapidly once it is launched.
Stocks closed mixed on Wall Street, leaving the S&P 500 just below its latest high set a day earlier.
FRAUD TRIAL OF THE FOUNDER OF THERANOS
Elizabeth Holmes jury concludes fifth day of deliberations
SAN JOSE, Calif. (AP) – The jury weighing the fraud charges against former Theranos CEO Elizabeth Holmes left court on Tuesday without delivering a verdict after a fifth day of deliberations.
Holmes faces 11 criminal charges alleging that she deceived investors and patients into hailing her company’s blood testing technology as a medical breakthrough when in fact it was prone to savage mistakes.
The eight male and four female jury members gathered in a federal courthouse in San Jose, Calif., After absorbing tons of evidence in a high-profile trial that captivated Silicon Valley.
They ended Tuesday’s session without providing any clues as to the status of their deliberations.
JAPANESE DEFENSE INDUSTRY
Japan’s arms industry struggles with strengthening defense
ENIWA, Japan (AP) – Japan has beefed up its defenses to counter strategic threats, but its arms industry is struggling both on the home front and abroad.
The country’s Self-Defense Force needs the most advanced planes and armaments from US arms manufacturers as it grapples with incursions by Chinese fighter jets and ships and North Korean missile launches. Thus, its large defense manufacturers like Mitsubishi, IHI Corp. and Kawasaki Heavy Industries are fighting to sell 20th century tanks, planes and warships at a time when the Japanese military is in the market for unmanned planes like the Tritons made by Northrop Grumman and the Echo Voyager under -Boeing Marine. .
Foreign sales are also lagging behind, raising fears that the future of the industry may be bleak.
MEXICO CRUISE SHIPS
Mexico says cruise ships with coronavirus cases may dock
MEXICO CITY (AP) – The Mexican government has announced it will allow the docking of cruise ships carrying people infected with the coronavirus. Today’s announcement comes after two Mexican ports refused to allow passengers to disembark because their ships had cases of coronavirus.
The health ministry said passengers or crew who show no symptoms will be allowed to disembark normally, while those with symptoms or a positive virus test will be quarantined or receive medical treatment.
The department said a cruise ship that had been prevented from docking at a Pacific coast port would be allowed to dock further north, in the port of Guaymas.
CHINA-USA SPACE STATION
China calls on US to protect space station from satellites
BEIJING (AP) – China calls on the United States to protect a Chinese space station and its three-member crew after Beijing complained that Elon Musk’s SpaceX-launched satellites nearly hit the station.
The Foreign Office accuses Washington of having ignored its treaty obligations to protect the crew of the Tiangong following the incidents of July and October.
The Chinese government said in a complaint to the United Nations that the Tiangong carried out “evasive maneuvers” on July 1 and October 21 to “prevent a potential collision” with the Starlink satellites launched by Space Exploration Technologies Corp. The Foreign Office said the United States should “take immediate action to prevent such incidents from happening again.”
Copyright Â© 2021. All rights reserved. This website is not intended for users located in the European Economic Area.