BEIJING—Global stocks and Wall Street futures were mixed Thursday as traders tried to figure out the potential impact of the latest coronavirus variant. London and Frankfurt opened lower and Shanghai and Tokyo fell. Hong Kong advanced. It is unclear whether omicron is more dangerous than other variants. But governments have responded by tightening travel controls….
Global Markets Mixed After Wall Street Decline, Virus Unease
Factories Facing Supply Headaches as Omicron Risks Emerge
LONDON/TOKYO—Global factory activity accelerated in November although crippling supply bottlenecks remained, putting a cap on output and driving up the cost of raw materials, according to surveys published on Wednesday. Towards the end of the month, the newly-detected Omicron coronavirus variant emerged as a fresh worry for policymakers, who are already trying to pilot recovering…
British Aerospace Engineer Claims MH370 Wreck Lies 4 Kilometers Deep in Indian Ocean
A British aerospace engineer claims to have found the final resting place of missing Malaysia Airlines flight 370 using revolutionary new tracking technology. Expert Richard Godfrey, a founding member of the non-government MH370 Independent Group, says he is confident that the plane crashed into the southern Indian Ocean 1,993 kilometers (1,238 miles) west of Perth and…
Indian Parliament Repeals Farm Reform Laws After Year of Protests
India’s Parliament has voted to repeal agricultural reforms that provoked a year-long protest by farmers, following a surprise decision by Prime Minister Narendra Modi to roll back the contentious laws in what was seen as a rare retreat for the leader. Both houses of Parliament passed the bill to withdraw the three laws via voice…
Chinese Building Infrastructure for Pakistan on Disputed Border Along Kashmir: Sources
NEW DELHI—The Chinese are allegedly building infrastructure for the Pakistanis on the disputed India-Pakistan border inside Pakistan-controlled Kashmir, a development that is likely to further complicate the Kashmir issue over which India and Pakistan have fought multiple wars. A source in the government confirmed to The Epoch Times that the Indian government is aware of…
Cryptocurrency Exchange Coinstore Enters India Despite Pending Curbs on Trade
MUMBAI—Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the Indian government is preparing legislation to effectively bar most private cryptocurrencies. Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi, and Mumbai which will act as its base in India for future expansion, its…
China’s 200 ‘Well-Off Society Villages’ on Its Disputed Border With India Mean Border Domination
NEW DELHI—The Chinese Communist Party (CCP) has been building up a new kind of presence in the hotly disputed border region with India via a civilian resettlement strategy, according to Indian experts. The CCP’s “well-off society” strategy involves building well-off villages in the name of elevating people from poverty and revitalizing rural communities. Experts say, however, that…
China’s 200 ‘Well-Off Society Villages’ on Its Disputed Border With India Mean Border Domination: Experts
NEW DELHI—The Chinese Communist Party (CCP) has been building up a new kind of presence in the hotly disputed border region with India via a civilian resettlement strategy, according to Indian experts. The CCP’s “well-off society” strategy involves building well-off villages in the name of elevating people from poverty and revitalizing rural communities. Experts say, however, that…
India Tells Public to Shun Musk-Backed Starlink Until It Gets Licence
NEW DELHI—The Indian government advised people against subscribing to Starlink Internet Services, a division of billionaire Elon Musk’s SpaceX aerospace company, as it does not have a licence to operate in the country. A government statement issued late on Friday said Starlink had been told to comply with regulations and refrain from “booking/rendering the satellite…
Earthquake Magnitude of 6.1 Shakes Burma-India Border Region
A magnitude 6.1 earthquake struck near the Burma-India border region around dawn on Friday, but there have been no immediate reports of casualties or damage. The earthquake occurred at a shallow depth of 7.5 miles (12 km), and was about 87 miles (140 km) away from Aizawl in northeastern India, according to India’s National Center…
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