World shares retreat after last week's gains on Wall Street
Germany's DAX lost 0.2% to 15,118.74 and the CAC 40 in Paris was down 0.3% at 7,076.89. Taiwan's benchmark was lifted 3.8% by gains in TSMC, the world's biggest maker of computer chips, which jumped 8%. Tokyo's Nikkei 225 rose 0.2% to 27,433.40. Its flagship, Adani Enterprises, gained 2.3%, but shares in some other Adani listed companies fell between 5% to 20%. On Friday, the S&P 500 rose 0.2%.
wftv.comAsian shares mixed after last week's gains on Wall Street
BANGKOK — (AP) — Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. In the first trading session after a weeklong break, the Shanghai Composite index gained 0.7% to 3,288.38. Its flagship, Adani Enterprises, gained 6.3% and the Adani Ports & Special Economic Zone Ltd. added 3.3%. It gave a forecast for earnings through 2023 that topped Wall Street's expectations and announced a planned increase to its dividend. It rose 11% following its stronger-than-expected profit report for the end of 2022 released earlier in the week.
wftv.comAsian shares mixed on hopes for avoiding recession
BEIJING — (AP) — Asian stock markets were mixed Thursday amid hopes Western economies can avoid a recession despite higher interest rates to cool inflation. “There’s increasing confidence the economy may not require a recession to tame the inflation beast,” said Stephen Innes of SPI Asset Management in a report. The Hang Seng in Hong Kong rose 1.9% to 22,464.77 while the Nikkei 225 in Tokyo shed 0.1% to 27,362.75. The Fed has said it expects to keep rates high at least through the end of the year to extinguish inflation. In energy markets, benchmark U.S. crude rose 25 cents to $80.40 per barrel in electronic trading on the New York Mercantile Exchange.
wftv.comAsian shares mixed on hopes for avoiding recession
BEIJING — (AP) — Asian stock markets were mixed Thursday amid hopes Western economies can avoid a recession despite higher interest rates to cool inflation. “There’s increasing confidence the economy may not require a recession to tame the inflation beast,” said Stephen Innes of SPI Asset Management in a report. The Hang Seng in Hong Kong rose 1.9% to 22,460.54 while the Nikkei 225 in Tokyo shed 0.1% to 27,361.10. Traders expect the Fed to raise its benchmark lending rate by another 0.25 percentage points at its next update on Feb. 1. The Fed has said it expects to keep rates high at least through the end of the year to extinguish inflation.
wftv.comThree children have necks slit by sharpened kite stings at Indian festival
Six people, including three children, were killed at a kite festival in India when their throats were cut by kite strings that had been coated in powdered glass, according to multiple media reports. According to reports in The Evening Standard and the Press Trust of India, two young girls and a 7-year-old boy died after kite strings became entangled around their necks, slitting their throats. Kite flyers put the powdered glass on the strings – called manja in India -- to cut the stings of their competitor’s kites, the BBC explained. The Delhi government in 2016 banned the use of sharpened manja to fly kites. Last Friday, police in Gujarat urged those taking part in the festival not to use the manja.
wftv.comIndia is about to pass China as the world's most populous country
By comparison, China's population is about 1.45 billion, but those under 25 make up only a quarter of the population. China's population is set to peak in the coming years and projected to decline. Population growth in China is flatlining, and its supply of cheap labor may follow suit. And much of India's population growth is centered in its poorer regions, especially in the north. By 2050, data shows that India is expected to provide more than a sixth of the world's population of working age (15 to 64 years old).
wftv.comIndia approves $2.3 billion to develop green hydrogen
BENGALURU, India — (AP) — The government has approved $2.3 billion to support production, use and exports of green hydrogen, aiming to make India a global hub for the nascent industry. Green hydrogen is hydrogen that is produced through the electrolysis of water, powered by electricity generated from renewable sources of energy. Most commercially produced hydrogen is grey hydrogen, produced using fossil fuels, and blue hydrogen that is also made using fossil fuels but with the use of carbon capture systems to reduce emissions. In providing policy incentives for green hydrogen production, India is following the lead of many other countries such as China, the European Union and the United States. Energy analysts expect manufacturing costs for green hydrogen to fall significantly in the next few years and estimate the green hydrogen market will grow 20-fold to $80 billion by the year 2030.
wftv.comBiden renominates Garcetti, others as new Senate begins
WASHINGTON — (AP) — President Joe Biden still wants former Los Angeles Mayor Eric Garcetti, who has been shadowed by a controversy over sexual harassment, to serve as his ambassador to India. Garcetti was originally nominated several months after Biden took office, but he never received a vote of the full Senate. Amid Garcetti's struggles to get confirmed, the White House publicly defended him as a well-qualified candidate and noted that his nomination cleared the Senate Foreign Relations Committee unanimously. “We see this as a very important nomination,” White House press secretary Karine Jean-Pierre said Tuesday. “We're hopeful that the full Senate will confirm him promptly.”All told, the White House on Tuesday resubmitted 85 nominations out of roughly 175 that fell short in the last congressional session.
wftv.comIndia randomly testing international visitors for COVID-19
NEW DELHI — (AP) — India has begun randomly testing international passengers arriving at its airports for COVID-19, the country’s health minister said Thursday, citing an increase in cases in neighboring China. India relaxed its mask-wearing rules earlier this year after coronavirus cases began dropping sharply. It has reported the most COVID-19 cases in the world since the pandemic began, but confirmed infections have fallen sharply in the past few months. According to health ministry data, India currently has about 3,400 active coronavirus cases. India, a country of nearly 1.4 billion people, has administered more than 2.2 billion COVID-19 vaccine doses, but only 27% of the population has received a third booster dose.
wftv.comPolicy, climate, war make 2022 'pivot year' for clean energy
BENGALURU, India — (AP) — For renewable energy companies in India, it's a good time to be in business. The company has over 100 clean energy projects across India and has become the world’s tenth largest solar and wind energy company in just over a decade. Bond added that the price of clean energy was getting closer to that of fossil fuels and in some cases it was cheaper. The invasion “had the effect of making it apparent that clean energy is the solution," said Lauri Myllyvirta, a lead analyst at the Centre for Research on Energy and Clean Air. But spurred by momentum from previous years the clean energy sector worldwide nevertheless took off this year.
wftv.comPolice seize on COVID-19 tech to expand global surveillance
Majd Ramlawi was serving coffee in Jerusalem’s Old City when a chilling text message appeared on his phone. Ramlawi, then 19, was among hundreds of people whom civil rights attorneys estimate got the text last year at the height of one of the most turbulent recent periods in the Holy Land. What he didn’t know was that the feared internal security agency, the Shin Bet, was using mass surveillance technology mobilized for coronavirus contact tracing against Israeli residents and citizens for purposes entirely unrelated to COVID-19.
news.yahoo.comWhy Nigeria Is Clamping Down on Its Vast Cash Economy
Nigerians have until the end of January to exchange their highest-value banknotes for freshly-issued bills. The aim is to bring an estimated 2.7 trillion naira ($6 billion) that circulates in informal channels into the regular banking system. But cash is the lifeblood of Africa’s biggest economy and there’s concern that the switchover could trigger the kind of chaos that broke out when India tried something similar in 2016.
washingtonpost.comCyberattack on top Indian hospital highlights security risk
Online registration of patients resumed Tuesday after the hospital was able to access its server and recover lost data. The attack was followed by a series of failed attempts to hack India's top medical research organization, the Indian Council of Medical Research. “Digitizing an entire health care system without really safeguarding it can pretty much kill an entire hospital. On Nov. 30, there were repeated but ultimately unsuccessful attempts to breach the website of the Indian Council of Medical Research, the Press Trust of India news agency reported. ___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.
wftv.comCyberattack on top Indian hospital highlights security risk
Online registration of patients resumed Tuesday after the hospital was able to access its server and recover lost data. The attack was followed by a series of failed attempts to hack India's top medical research organization, the Indian Council of Medical Research. “Digitizing an entire health care system without really safeguarding it can pretty much kill an entire hospital. On Nov. 30, there were repeated but ultimately unsuccessful attempts to breach the website of the Indian Council of Medical Research, the Press Trust of India news agency reported. ___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.
wftv.comNew this week: 'Halloween Ends,' 'Rosaline' and The 1975
This week’s new entertainment releases include albums from The 1975 and Red Hot Chili Peppers, some sort of conclusion to the Michael Myers saga with the arrival of the horror thriller “Halloween Ends” and a new TV spin-off from the “Supernatural” franchise.”.
Russia sends more energy to Asia as Europe cuts back
A new report says Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in Ukraine.
Indian woman condemns release of her convicted rapists
A Muslim woman who was gang raped while pregnant during India’s devastating 2002 religious riots has appealed to the government to rescind its decision to free 11 men who had been jailed for life for committing the crime, after they were released on suspended sentences.