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Stock market today: Asian shares are mostly lower as Australia’s central bank raises its key rate

Published Mon, 03 Mar 2025 16:13:04 GMT

BANGKOK (AP) — Shares mostly fell in Asia on Tuesday after a mixed close on Wall Street, where wild recent moves calmed a bit at the beginning of a quiet week for data releases. Benchmarks dropped more than 1% in Hong Kong and Tokyo. South Korea’s Kospi gave up 2.7% of its big gains from a day earlier. Late Monday, office-sharing company WeWork confirmed it is seeking bankruptcy protection. Trading in its shares was halted Monday amid speculation over its restructuring plans. It’s a stunning decline for a one-time Wall Street darling that promised to upend the way people went to work around the world. The company’s shares cost more than $400 two years ago but now cost less than $1.Tokyo’s Nikkei 225 declined 1.3% to 32,271.82 and the Hang Seng in Hong Kong dropped 1.4% to 17,710.68. The Shanghai Composite index slipped 0.1% to 3,055.74.China reported its imports rose 3% in October from a year earlier, the first such increase in over a year, while exports fell 6.4%,...

ESA agrees on space cargo mission

Published Mon, 03 Mar 2025 16:13:04 GMT

Presented by ASD By CALEB LARSON with LAURA KAYALI, JOSHUA POSANER and CLAUDIA CHIAPPA PRESENTED BY View in your browser or listen to audioSNEAK PEEK— After the European Space Agency agreed on a plan to launch a cargo spaceflight mission by 2028, there’s a space-focused Competitiveness Council today.— Russia reported damage to a telecommunications cable connecting St. Petersburg and Kaliningrad, and the Finnish Coast Guard suspects it could be linked to damage sustained by other Baltic Sea infrastructure last month.— Finland grapples with how to adjust its defense posture within NATO, in particular how reservists fit within the alliance.Good morning, and welcome to Morning Defense. Tips to jposaner@politico.eu, lkayali@politico.eu and clarson@politico.eu or follow us at @joshposaner, @LauKaya and @calebmlarson.DRIVING THE DAYSPACE COUNCIL: Back again in Seville today for a s...

City Attorney race takes center stage amid Chula Vista councilwoman scandal

Published Mon, 03 Mar 2025 16:13:04 GMT

CHULA VISTA, Calif., -- Voters in Chula Vista are looking to elect a new city attorney. This vote comes off the heels of a scandal involving councilmember Andrea Cardenas who was arrested for federal fraud charges. Monday evening, Mayor John McCann released a statement saying that after reviewing the criminal charges, it's clear Cardenas must resign. Candidate Marco Verdugo also joined the mayor's calls for resignation when asked by FOX 5 how he would correct the matter if elected for City Attorney. “Everyone is entitled to their day in court, but Chula Vista residents, people like me and my family who have lived here our entire lives, we’re entitled to representation that we can trust," Verdugo shared. Those charges stem from allegedly misusing PPP Loans and now that's adding extra pressure for the candidates looking to become the next city attorney who would be in charge of those investigations. Motorcyclist killed in I-5 crash prompts lane closures “The city attorney dropped t...

Chinese imports rise in October while exports fall for 6th straight month

Published Mon, 03 Mar 2025 16:13:04 GMT

BEIJING (AP) — China’s imports rose in October while exports fell for a sixth straight month compared with a year earlier in the latest evidence the world’s second largest economy remains in the doldrums.Customs data released Tuesday showed imports climbed 3% from a year earlier to $218.3 billion, while exports fell 6.4% to $274.8 billion. The trade surplus of $56.5 billion was down more than 30% from $77.7 billion in September and was a 17-month low. Exports had fallen 6.2% year-on-year in September. Exports may fall further still, said Julian Evans-Pritchard of Capital Economics.“We expect exports to decline over the coming months before bottoming around the middle of next year. Measures of foreign orders hint at a more significant drop in foreign demand than what has so far been observed in the customs data,” he said in a report. Overall, China’s foreign trade has remained sluggish this year as global demand has slackened and a recovery has stalled despite the country...

A month into war, Netanyahu says Israel will have an ‘overall security’ role in Gaza indefinitely

Published Mon, 03 Mar 2025 16:13:04 GMT

KHAN YOUNIS, Gaza Strip (AP) — Israeli Prime Minister Benjamin Netanyahu said Israel will have “overall security responsibility” in Gaza for an indefinite period after its war with Hamas, the clearest indication yet that Israel plans to maintain control over the coastal enclave that is home to some 2.3 million Palestinians.In an interview with ABC News that aired late Monday, Netanyahu expressed openness to “little pauses” in the fighting to facilitate the release of some of the more than 240 captives seized by Hamas in its Oct. 7 attack into Israel, which triggered the war exactly one month ago.But he ruled out any general cease-fire without the release of all the hostages, and the White House said there was no agreement with United States President Joe Biden’s call for a broader humanitarian pause after a phone call between the leaders on Monday.Israeli troops have been battling Palestinian militants inside Gaza for over a week, and have succeeded in cutting the territory in...

Breast cancer screening rates across the EU

Published Mon, 03 Mar 2025 16:13:04 GMT

Breast cancer is one of the most common forms of cancer and a leading cause of female mortality in the EU. Prevention is key to lowering the impact of the disease and reducing mortality rates, however, the COVID-19 pandemic had a great impact on preventive healthcare and many screening programs were impacted across EU hospitals and healthcare units. This must be taken into account when analysing data for 2021. In 2021, the top three countries with the highest breast cancer screening rates for women aged 50 to 69 years, who had received a mammography within the previous two years, were the Nordic EU countries: Denmark (83.0%), Finland (82.2%) and Sweden (80.0%). Malta (77.8%) and Slovenia (77.2%) followed closely behind. At the other end of the range, the lowest breast cancer screening rates were registered in Bulgaria (20.6%), Cyprus (24.6%), Slovakia (25.5%), Hungary (29.8%) and Latvia (30.8%).Compared with 2011, breast cancer screening rates increased in 6 of the 20 EU countries w...

Wendy Carrillo Declares City Council Bid, Days After DUI Investigation

Published Mon, 03 Mar 2025 16:13:04 GMT

Assemblywoman Wendy Carrillo has declared her intention to run for L.A. City Council, days after being arrested on suspicion of driving under the influence (DUI).Carrillo intends to run for the 14th district seat that Councilman Kevin de Leon currently holds. De Leon’s term will expire in 2024, with the primaries on March 4.Video of Carrillo engaging with police officers surfaced after she allegedly drove into a parked car near Highland Park on the morning of Nov. 3.The video shows Carrillo saying the accident occurred after she sneezed and lost control of her vehicle.The video then shows Carrillo starting a field sobriety test, seemingly stumbling before being taken to another location to complete the rest.LAPD said they reviewed the responding officers’ body camera footage and concluded there was no wrongdoing in having Carrillo take the test in a private area.“The Los Angeles Police Department is aware of media reports centering in part on cell phone footage cap...

Pedestrian hit and killed by driver in South San Jose

Published Mon, 03 Mar 2025 16:13:04 GMT

SAN JOSE – A driver hit and killed a pedestrian Monday night in South San Jose, according to police.Related ArticlesCrashes and Disasters | Passenger killed, driver critically injured in solo crash Sunday morning in Hayward Crashes and Disasters | Right turn on red? With pedestrian deaths rising, US cities are considering bans Crashes and Disasters | Authorities ID teens killed in Bay Point shooting, fatal crash on Cummings Skyway after pursuit Crashes and Disasters | ‘Death of a Salesman’ revival in San Francisco canceled after cast member killed in pedestrian accident Crashes and Disasters | Coroner identifies Livermore motorcyclist killed in October crash The collision was reported around 9:35 p.m. at Chesbro Avenue and Blossom Hill Road.The pedestrian, identified only as a woman, was taken to a hospital, where she was pronounced dead, the San Jose Police Department said in a social media ...

Sale closed in Oakland: $2.3 million for a three-bedroom home

Published Mon, 03 Mar 2025 16:13:04 GMT

6446 Regent Street – Google Street ViewA historic house located in the 6400 block of Regent Street in Oakland has a new owner. The 1,918-square-foot property, built in 1910, was sold on Oct. 2, 2023. The $2,305,000 purchase price works out to $1,202 per square foot. The layout of this two-story home consists of three bedrooms and three bathrooms. Additionally, the home comes with a garage.These nearby houses have also recently been purchased:On Benvenue Avenue, Oakland, in December 2022, a 1,988-square-foot home was sold for $2,200,000, a price per square foot of $1,107. The home has 3 bedrooms and 3 bathrooms.In July 2022, a 2,286-square-foot home on Dana Street in Oakland sold for $2,600,000, a price per square foot of $1,137. The home has 4 bedrooms and 2 bathrooms.A 1,032-square-foot home on the 6400 block of Benvenue Avenue in Oakland sold in March 2023, for $1,980,000, a price per square foot of $1,919. The home has 3 bedrooms 1 bathroom. 

The Philadelphia Orchestra returns to China for tour marking 50 years since its historic 1973 visit

Published Mon, 03 Mar 2025 16:13:04 GMT

BEIJING (AP) — The Philadelphia Orchestra returned to Beijing on Tuesday for a tour that will mark 50 years since its historic performance in China, the latest sign of improving ties between the two countries ahead of a highly anticipated meeting between Presidents Joe Biden and Xi Jinping.The orchestra first visited China in September 1973, marking a thaw in U.S.-China relations just as the two nations began normalizing ties after Richard Nixon became the first U.S. president to visit China’s mainland.Ahead of the tour, the orchestra said 14 of its members will be traveling to China, including 73-year old Davyd Booth, a violinist who was on the orchestra’s first tour to the country half a century ago. “This constant 50-year connection with China has been really very deep and very wonderful,” Booth on arriving at Beijing’s Capital International Airport. The ensemble will be performing with the China National Symphony Orchestra at the National Centre for the Performing Arts, starting...