Delta variant rampant in Asia; Tokyo, Thailand post record infections

The Olympics host city Tokyo, as well as Thailand and Malaysia, announced a record number of COVID-19 infections on Saturday, mostly driven by the highly transmissible variant of the disease.

Cases surged in Sydney as well, where police cordoned off the central business district to prevent a protest against a strict lockdown that will last until the end of August.

Police closed train stations, banned taxis from dropping passengers off downtown and deployed 1,000 officers to set up checkpoints

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Do I need to get tested for COVID-19 if I’m vaccinated?

2021-07-30 10:33:12

Do I need to get tested for COVID-19 if I’m vaccinated?

Yes, if you’ve been around someone who has COVID-19.

The latest guidance from the U.S. Centers for Disease Control and Prevention says people who are fully vaccinated should get tested three to five days after a potential exposure, even if they don’t have symptoms.

That change comes two months after the agency eased its initial testing guidance. In May, the CDC said vaccinated people face very little

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S&P 500, Dow rise as economic growth picks up pace

2021-07-29 19:13:50

The S&P 500 and the Dow indexes rose on Thursday as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced optimism around a steady post-pandemic recovery.

The Dow Jones Industrial Average rose 55.1 points, or 0.16 per cent, at the open to 34985.99. The S&P 500 rose 2.9 points, or 0.07 per cent, at the open to 4403.59, while the Nasdaq Composite rose 8.6 points, or 0.06 per cent, to

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Wall Street opens slightly lower ahead of big tech earnings

2021-07-27 19:13:46

U.S. stocks opened slightly lower on Tuesday ahead of earnings reports from the most valuable companies on Wall Street and in the run-up to the two-day Federal Reserve meeting.

The Dow Jones Industrial Average fell 65.41 points, or 0.19 per cent, at the open to 35,078.90.

The S&P 500 opened lower by 5.92 points, or 0.13 per cent, at 4,416.38. The Nasdaq Composite dropped 32.77 points, or 0.22 per cent, to 14,807.95 at the opening bell.


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Wall Street falls from record highs as Chinese stocks sink

2021-07-26 19:15:22

U.S. stock indexes fell from record highs on Monday as locally listed Chinese firms tumbled on tighter regulations in the mainland, marking a poor start to a week packed with technology earnings and a Federal Reserve meeting.

The Dow Jones Industrial Average fell 5.69 points, or 0.02 per cent, at the open to 35,055.86.

The S&P 500 opened lower by 2.21 points, or 0.05 per cent, at 4,409.58, while the Nasdaq Composite dropped 15.96 points, or 0.11 per

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Some Americans could need COVID-19 vaccine booster -Anthony Fauci

Top U.S. infectious disease official Anthony Fauci said on Sunday that Americans who are immune compromised may end up needing COVID-19 vaccine booster shots.

“Those who are transplant patients, cancer chemotherapy, auto-immune diseases, that are on immunosuppressant regimens, those are the kind of individuals that if there’s going to be a third booster, which might likely happen, would be among first the vulnerable,” Fauci said during a CNN interview.

Citing recent studies that show there might be waning immunity in

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China imposes counter-sanctions on former U.S. commerce secretary Ross, others

China said on Friday that it has imposed counter-sanctions on U.S. individuals including former U.S. commerce secretary Wilbur Ross in response to U.S. sanctions on Chinese officials with Beijing’s liaison office in Hong Kong.

The sanctions are the first imposed by China under its new anti-foreign sanction law, passed in June, and come days before U.S. Deputy Secretary of State Wendy Sherman is due to visit China amid deeply strained ties.

China also imposed unspecified “reciprocal counter-sanctions” on the current

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Anthony Fauci, Rand Paul spar over Wuhan lab funding, coronavirus origins; trade charges of lying

A recurring clash between the government’s top infectious disease doctor and a U.S. senator has erupted again on Capitol Hill, with each accusing the other of lying. Dr. Anthony Fauci angrily confronted Republican Sen. Rand Paul of Kentucky in testimony before a Senate committee. Fauci rejected Paul’s insinuation that the U.S. helped fund research at a Chinese lab that could have sparked the COVID-19 outbreak.


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Robinhood aims for up to $35 bln valuation in U.S. IPO

Robinhood Markets Inc is targeting a valuation of up to $35 billion in its U.S. stock market listing, the online brokerage, which was at the center of a retail-trading frenzy that gripped Wall Street this year, revealed in a filing on Monday.

The Menlo Park, California-based company is offering 55 million shares to raise over $2.3 billion. Shares are expected to be priced between $38 and $42, the company said.

Robinhood was founded in 2013 by Stanford University

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Robinhood aims for up to $35 bln valuation in U.S. IPO

2021-07-19 16:47:30

Robinhood Markets Inc is targeting a valuation of up to $35 billion in its U.S. stock market listing, the online brokerage, which was at the center of a retail-trading frenzy that gripped Wall Street this year, revealed in a filing on Monday.

The Menlo Park, California-based company is offering 55 million shares to raise over $2.3 billion. Shares are expected to be priced between $38 and $42, the company said.

Robinhood was founded in 2013 by

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Wall Street opens higher as cyclical stocks rise after retail sales data

2021-07-16 19:23:45

Wall Street’s main indexes opened higher on Friday, with investors piling on economically sensitive energy, banks and travel stocks as data showed U.S. retail sales unexpectedly rose in June.

The Dow Jones Industrial Average rose 18.14 points, or 0.05 per cent to 35005.16. The S&P 500 rose 4.15 points, or 0.09 per cent, to 4364.18, while the Nasdaq Composite rose 30.15 points, or 0.21 per cent, to 14,573.28.


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FAA says new Boeing production problem found in undelivered 787 Dreamliners

The Federal Aviation Administration (FAA) said late on Monday that some undelivered Boeing 787 Dreamliners have a new manufacturing quality issue that the largest U.S. planemaker will fix before the planes will be delivered.

The FAA said the issue is “near the nose on certain 787 Dreamliners in the company’s inventory of undelivered airplanes. This issue was discovered as part of the ongoing system-wide inspection of Boeing’s 787 shimming processes required by the FAA.”

The FAA added that

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U.S. adds 14 Chinese companies, to economic black list over Xinjiang

The Biden administration on Friday added 14 Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang.

The Commerce Department said the companies had been “implicated in human rights violations and abuses in the implementation of China’s campaign of repression, mass detention, and high technology surveillance against Uyghurs, Kazakhs, and other members of Muslim minority groups in the Xinjiang Uyghur Autonomous Region.”

Beijing denies the alleged abuses.

Reuters first

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Oil spikes, then falls back after OPEC+ fails to reach a deal

2021-07-06 22:14:42

By Stanley Reed

Oil prices touched their highest levels in years Tuesday, a day after OPEC, Russia and their allies failed yet again reach agreement on production increases. A teleconference planned for Monday never started, following meetings Thursday and Friday that did not reach a deal.

West Texas Intermediate, the U.S. bench mark, rose as high as $76.98 a barrel earlier in the day, its highest in more than six years, before retreating from that mark. By

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US plans to make airlines refund fees if bags are delayed

The Transportation Department will propose that airlines be required to refund fees on checked baggage if the bags aren’t delivered to passengers quickly enough.

The proposal, if made final after a lengthy regulation-writing process, would also require prompt refunds for fees on extras such as internet access if the airline fails to provide the service during the flight.

A department official said the agency will issue the proposal in the next several days, and it could take effect by next

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Myanmar court extends pretrial detention of US journalist Danny Fenster

A court in Myanmar on Thursday extended the pretrial detention of Danny Fenster, a U.S. journalist employed by an online news magazine in the military-led Southeast Asian nation. Danny Fenster was arrested on an incitement charge that carries a penalty of up to three years’ imprisonment. He is the managing editor of Frontier Myanmar and was detained at Yangon International Airport on May 24, as he was trying to board a flight to go to the Detroit area to see

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