AFP

Australia seeks end to trade rows in China meeting

Australia will press China to end trade “blockages” Friday as the two nations seek to defrost icy relations with their first foreign ministers’ meeting since 2019.

Foreign Minister Penny Wong said she aimed to “stabilise” relations when she meets with Chinese Foreign Minister Wang Yi later in the day on the sidelines of a Group of 20 meeting in Bali, Indonesia.

“We all know we have our differences. There are challenges in the relationship. We believe engagement is necessary to stabilise the relationship,” Wong told reporters.

“We won’t be making any concessions when it comes to Australia’s interests,” she added.

The Australian minister said the first step to stabilising relations would be to resolve trade disputes between the two countries.

“We don’t believe those blockages are in our interests,” she said. “We would say to China, they are not in China’s interests.”

Prime Minister Anthony Albanese’s centre-left Labor government, which came to power in May, has called on Beijing to drop its trade tariffs to improve relations.

China — Australia’s biggest trading partner — imposed tariffs and disrupted more than a dozen key industries, including wine, barley and coal, as relations deteriorated in the past two years.

Canberra had irked Beijing by calling for an independent probe into the origins of the coronavirus pandemic and by banning telecoms giant Huawei from taking part in the construction of Australia’s 5G network.

Wong said both sides of Australian politics supported a “one-China” policy, which recognises Beijing, not Taipei, as the government of China.

China views the self-ruled democratic island of Taiwan as part of its territory to be reclaimed one day, by force if necessary.

“We support the status quo and we will work with others to urge that would be no unilateral change to that status quo,” Wong said.

Wong added that she would “diplomatically and directly” raise the cases of journalist Cheng Lei and democracy activist Yang Hengjun, Australian citizens detained in China.

Sweat, pray, love: extreme heat hounds hajj

The hajj pilgrimage can be physically draining even in ideal conditions, but worshippers this year face an added challenge: scorching sun and temperatures rising to 42 degrees Celsius (108 degrees Fahrenheit).

Muslims who have flocked to western Saudi Arabia for the five-day ritual, most of which takes place in the open air, have been confronted with a stark reminder of how warming trends are exacerbating what was already a very hot desert climate. 

Islam forbids men from wearing hats once the hajj rites start, and many have been seen trying to shield themselves with umbrellas, prayer mats and even, in one case, a small bucket filled with water. 

Women are obliged to cover their heads with scarves.

The result is a daunting endurance test, though pilgrims generally shy away from complaining. 

“I am fine. I am really enjoying it, even though this heat is something I have never experienced before,” Noliha, a 61-year-old woman from Brunei who gave only her first name, told AFP. 

“I really love it because I am in Mecca and doing my first hajj. I just cover my head with a hat instead of using the umbrella.” 

The timing of the hajj is determined by the Islamic calendar, and since 2017 it has fallen at least partly in July and August, the hottest months in Saudi Arabia. 

That has trained the spotlight on rising temperatures that environmental activists say must be addressed by a fast transition away from fossil fuels. 

“The scorching temperatures that the Arabian Gulf region and most notably Saudi Arabia are currently experiencing will soon become the norm,” warned Julien Jreissati, regional programme director for Greenpeace. 

“The average regional temperature increase due to climate change is considerably higher than the global one and projections are clearly showing that outdoor activities in summer, such as the hajj pilgrimage, will become impossible”.

Authorities are allowing one million pilgrims, including 850,000 from overseas, to participate in this year’s hajj, a major increase after pandemic restrictions kept that number to 60,000 last year and even fewer the year before that.

– ‘God will help us’ –

Summer in one of the hottest and most humid regions on earth means suffering for anyone doing anything outdoors — along with risks of dehydration, heat stroke and heart failure. 

Outside the Grand Mosque in Mecca, officials have arranged for water to be sprayed out of long poles to provide some relief. 

A few metres away, white-robed pilgrims have sought refuge on the cold marble floors in the shaded entrance of a shopping centre while awaiting the next prayer. 

“I am covering my head because of the heat. It is too strong. But God will help us,” said Mostapha Zreqa, 57, an Algerian pilgrim protecting his head with a prayer mat. 

The pilgrims moved Thursday to white air-conditioned tents in Mina, around seven kilometres (four miles) from the Grand Mosque. 

On Friday comes the high point of the hajj at Mount Arafat, where it is believed the Prophet Mohammed delivered his final sermon.

Pilgrims will spend the whole day on the mountain, praying under the sun. 

While hundreds of buses transported pilgrims to Mina on Thursday, some chose to brave the heat and walk. 

“Anything is tolerable as long as it’s for God,” said 44-year-old Tunisian pilgrim Haled Bin Jomaa, arriving on foot at the Mina encampment. 

– ‘Warning!’ –

Saudi officials have touted their preparations for the extreme conditions, highlighting hundreds of hospital beds allocated for heat stroke patients as well as the “large number of misting fans” they have provided. 

A truck has also been allocated to distribute umbrellas, water bottles and small fans. 

Nevertheless, the National Centre for Meteorology, which has set up an office in Mina, is sending warnings to pilgrims on their mobile phones, urging them to avoid outdoor rituals at certain times of the day, especially at noon. 

“The importance of meteorological information has increased… due to the current global climatic conditions,” said the centre’s spokesman, Hussein al-Qahtani, noting that it was providing hourly weather reports. 

“The authorities working on the ground with pilgrims are keen to draw from this information,” he added. 

Some phones, however, may not be up to the task of delivering the updates to their users.

“Warning! temperature too high to use your phone,” said one message received by an AFP journalist in Mina on Thursday. 

US abortion ruling threatens access to arthritis drug

When Alabama nurse Melissa went to pick up her regular prescription for rheumatoid arthritis last week, she was told the drug was “on hold” while the pharmacist checked she wasn’t going to use it to induce an abortion.

“He said, ‘Well I have to verify if you’re on any contraceptives to prevent pregnancy.’ The hell you do,” she recalled thinking.

Melissa — who is in her early forties and asked to be identified only by her first name for fear that speaking out might affect her livelihood — then called her doctor, who succeeded in having the pharmacy in the southern US state release the medicine.

“I picked it up a couple hours later, but I felt violated,” she told AFP, explaining she had had a hysterectomy six years ago, and that her lack of recent contraceptive history may have led the pharmacist to suspect she was pregnant.

Stories of people facing similar struggles have come to light in the weeks since the United States Supreme Court overturned Roe v Wade on June 24, highlighting an overlooked consequence of new state-level bans or severe restrictions on abortion. 

It’s not yet clear how widespread the cases are, but national organizations including the Lupus Foundation of America and the American College of Rheumatology said they were aware of such concerns and asking people affected to come forward.

“The Arthritis Foundation supports unencumbered access to and coverage of FDA-approved drugs for managing arthritis in alignment with scientific and clinical guidelines, as well as evidence-based medical recommendations,” the organization said.

The issue centers on methotrexate, a drug which tempers inflammation and is commonly used against autoimmune conditions including inflammatory arthritis, psoriasis and lupus. 

Methotrexate stops cell division and is given in higher doses as a cancer drug. 

It can also sometimes be used in medical abortions, though not as frequently as the Food and Drug Administration-approved combination of two other drugs, mifepristone and misoprostol.

Nevertheless, many states have passed laws carrying threats of legal action against health care workers and pharmacies providing methotrexate.

– ‘It’s terrifying’  –

Another woman contacted by AFP, a 20-year-old university student from Ohio, said she has had a methotrexate prescription since 2020 to treat her lupus, which affects her kidney and liver and causes joint pain.

A pharmacist at a national chain told her they were “no longer accepting prescriptions for methotrexate unless it was for the FDA-approved use of (treating) breast cancer, or the patient was not presumably fertile,” she said.

She tried again, without success, to fill her prescription at a family-owned pharmacy, and this week got a letter from her doctor’s office stating the practice would no longer be prescribing methotrexate because of the number of patients having difficulty accessing it.

Though the first pharmacy later changed its position, the experience left her “annoyed and angry,” she said.

A third woman, 48-year-old Jennifer Crow, a writer and produce gardener in Tellico Plains, Tennessee, told AFP she received an automated call from CVS saying her methotrexate refill had been declined “pending provider approval.”

Crow said Methotrexate had helped her enormously in managing her inflammatory arthritis, allowing her to roll out of bed and get dressed without severe pain, and walk without a cane for the first time in years.

Though her doctor was able to resolve the situation, Crow, who has also had a hysterectomy, said she was worried for other chronic illness patients who didn’t have the same access to resources that she does.

In statements to AFP, national pharmacy chains CVS and Walmart confirmed they were working to adhere to new state regulations in light of the high court’s decision to revoke the constitutional right to an abortion.

CVS added: “We encourage providers to include their diagnosis on the prescriptions they write to help ensure patients have quick and easy access to medications.”

Alisa Vidulich, policy director of the Arthritis Foundation, told AFP she was hopeful the situation might be remedied quickly as medical professionals and pharmacies developed new guidelines.

“But that may not actually be the case in all states and it may in fact turn into a longer term issue,” she acknowledged.

Melissa, the nurse, said she was incensed at the double standard that allowed one of her best friends, who is a man, to get his methotrexate prescription filled right away with no questions asked.

“We’re headed in the wrong direction and it’s terrifying. I have two daughters. I don’t want to see this,” she said.

US abortion ruling threatens access to arthritis drug

When Alabama nurse Melissa went to pick up her regular prescription for rheumatoid arthritis last week, she was told the drug was “on hold” while the pharmacist checked she wasn’t going to use it to induce an abortion.

“He said, ‘Well I have to verify if you’re on any contraceptives to prevent pregnancy.’ The hell you do,” she recalled thinking.

Melissa — who is in her early forties and asked to be identified only by her first name for fear that speaking out might affect her livelihood — then called her doctor, who succeeded in having the pharmacy in the southern US state release the medicine.

“I picked it up a couple hours later, but I felt violated,” she told AFP, explaining she had had a hysterectomy six years ago, and that her lack of recent contraceptive history may have led the pharmacist to suspect she was pregnant.

Stories of people facing similar struggles have come to light in the weeks since the United States Supreme Court overturned Roe v Wade on June 24, highlighting an overlooked consequence of new state-level bans or severe restrictions on abortion. 

It’s not yet clear how widespread the cases are, but national organizations including the Lupus Foundation of America and the American College of Rheumatology said they were aware of such concerns and asking people affected to come forward.

“The Arthritis Foundation supports unencumbered access to and coverage of FDA-approved drugs for managing arthritis in alignment with scientific and clinical guidelines, as well as evidence-based medical recommendations,” the organization said.

The issue centers on methotrexate, a drug which tempers inflammation and is commonly used against autoimmune conditions including inflammatory arthritis, psoriasis and lupus. 

Methotrexate stops cell division and is given in higher doses as a cancer drug. 

It can also sometimes be used in medical abortions, though not as frequently as the Food and Drug Administration-approved combination of two other drugs, mifepristone and misoprostol.

Nevertheless, many states have passed laws carrying threats of legal action against health care workers and pharmacies providing methotrexate.

– ‘It’s terrifying’  –

Another woman contacted by AFP, a 20-year-old university student from Ohio, said she has had a methotrexate prescription since 2020 to treat her lupus, which affects her kidney and liver and causes joint pain.

A pharmacist at a national chain told her they were “no longer accepting prescriptions for methotrexate unless it was for the FDA-approved use of (treating) breast cancer, or the patient was not presumably fertile,” she said.

She tried again, without success, to fill her prescription at a family-owned pharmacy, and this week got a letter from her doctor’s office stating the practice would no longer be prescribing methotrexate because of the number of patients having difficulty accessing it.

Though the first pharmacy later changed its position, the experience left her “annoyed and angry,” she said.

A third woman, 48-year-old Jennifer Crow, a writer and produce gardener in Tellico Plains, Tennessee, told AFP she received an automated call from CVS saying her methotrexate refill had been declined “pending provider approval.”

Crow said Methotrexate had helped her enormously in managing her inflammatory arthritis, allowing her to roll out of bed and get dressed without severe pain, and walk without a cane for the first time in years.

Though her doctor was able to resolve the situation, Crow, who has also had a hysterectomy, said she was worried for other chronic illness patients who didn’t have the same access to resources that she does.

In statements to AFP, national pharmacy chains CVS and Walmart confirmed they were working to adhere to new state regulations in light of the high court’s decision to revoke the constitutional right to an abortion.

CVS added: “We encourage providers to include their diagnosis on the prescriptions they write to help ensure patients have quick and easy access to medications.”

Alisa Vidulich, policy director of the Arthritis Foundation, told AFP she was hopeful the situation might be remedied quickly as medical professionals and pharmacies developed new guidelines.

“But that may not actually be the case in all states and it may in fact turn into a longer term issue,” she acknowledged.

Melissa, the nurse, said she was incensed at the double standard that allowed one of her best friends, who is a man, to get his methotrexate prescription filled right away with no questions asked.

“We’re headed in the wrong direction and it’s terrifying. I have two daughters. I don’t want to see this,” she said.

Back from the dead, VHS tapes trigger a new collecting frenzy

Long relegated to an obscure corner of the collectibles market, VHS tapes have been fetching eye-popping prices at auctions in recent months, thanks to nostalgia and an appetite for new investment opportunities.

At a sale by Heritage Auctions in June, a “Back to the Future” videocassette went for $75,000, while “The Goonies” and “Jaws” copies were sold for $50,000 and $32,500, respectively.

Videotape collectors have been around since the late 1970s, when the format was first introduced, but these days most “VHS tapes are worth next to nothing”, according to John, from Newmarket in Canada, who claims to have sold around 3,000 of them over span of more than 20 years.

“You’ll be lucky to get $5 each”, says this active eBay user, who declined to give his last name.

Until recently, only some movies that hadn’t been released online or on other medium, as well as little known horror movies, could command higher prices, sometimes above $1,000.

But this new trend is mostly focused on blockbuster titles, particularly from the early 80s. To be deemed valuable, a tape has to meet some specific criteria, with a premium put on first editions and sealed copies. A limited edition, such as a larger box version of “Star Wars”, would also draw interest.

The George Lucas sci-fi cult classic is widely considered a must-have and several copies have already been sold for over $10,000.

The Holy Trinity could be movies from the first slate ever released on the US market in 1977, namely “MASH”, “Patton” and “The Sound of Music”, by a financially troubled 20th Century Fox with Magnetic Video.

Jay Carlson, VHS Consignment director at Heritage Auctions, said these could reach “a six-digit number, maybe seven.”

– Nostalgia meets investment opportunity –

Many long-time collectors are wondering about the sudden surge, 16 years after the last release of a film in this format (“A History of Violence”). The last video recorders were manufactured in 2016.

“I think a lot of it is nostalgia and the compulsion to collect”, says Philip Baker, who runs the www.videocollector.co.uk website. “One of the special things about VHS over the other formats is it was the first accessible way to watch a movie in your own home.”

Host of the Completly Unnecessary Podcast, Pat Contri has a different take and draws a parallel between the current VHS trend and video games. He said both markets are flooded with “people who just decided to get into it. They said to themselves: ‘I have money, let’s invest in it.'”

Over the last decade, several of these cultural staples have become collectible asset classes, from sneakers to skateboards, thanks to a new generation of investors, many of whom grew up with them.

A whole industry is getting together, as shown by the growing number of dedicated Facebook groups, grading services assessing authenticity and condition, and auction houses willing to add VHS to their sales.

Contri is critical of the process, “where instead of letting a relatively new collecting hobby for the masses develop naturally, you sort of try to entice people with +FOMO+ fear”, as in fear of missing out on a lucrative investment.

“There’s people who are only open box guys, and they’re very skeptical of sealed guys and what it means to their own collecting”, Carlson said. “But I just think it’s a good thing. It’s just a difference in the way that you’re collecting.”

Carlson sees even more potential in VHS tapes than in video games, which recorded two sales for over a million dollar each last year.

“I know a lot of people who aren’t into video games and don’t play video games, but I don’t know very many people who who wouldn’t have a favorite movie.”

Long hop from Nicaragua to US for frogs and spiders sold as 'pets'

With great care, Yesenia Talavera transfers a tiny frog from a plant, where it was sleeping, to a plastic container with breathing holes, a moist sponge, and some room to jump.

With more than 2,600 other creatures ranging from tarantulas to boa constrictors, the diminutive, red-eyed amphibian is being primed for a long journey from Nicaragua to the United States, where it will become someone’s pet.

Their forebears taken from the tropical forests of Central America, the frogs, snakes, spiders, lizards and turtles are being bred for export at Exotic Fauna, a company that calls itself a “zoo farm” in a suburb of the capital Managua.

Licenced by the government, Exotic Fauna has been breeding 18 exotic animal species for 15 years for export to the United States, Canada and Asia.

The critters are in high demand “by people who want to adopt something other than the routine dogs or cats,” Talavera, who runs the establishment with her husband Eduardo Lacayo, told AFP.

– Valuable commodity –

Talavera and a team are working hard at preparing the latest order from a company in Miami for 1,200 red-eyed tree frogs and glass frogs, 290 basilisk and pichete lizards, 800 spiders including tarantulas, and 350 boa constrictors. 

They are deposited in containers with breathing holes — the boas into cloth sacks — before being packed in wooden crates marked “Live Animals” as an environment ministry inspector looks on.

The creatures are not sedated.

“These animals can endure trips of 24 hours and up to three days” without eating, said Talavera.

The shipment will travel by truck to Managua’s international airport, from where, after passing through customs, they will depart the next day on a commercial flight to Miami.

The environment ministry promotes the breeding of exotic species, hosting training sessions and congresses to encourage more Nicaraguans among a population of 6.5 million to venture into this lucrative field.

The government says nearly 40,000 Nicaraguan families are already involved in such ventures in one of Latin America’s poorest countries.

Exports remain the domain of a handful of private businesses, however.

In 2019, official figures show, the exportation of exotic pets brought in some $300,000, though a recent newspaper article estimated the value at more than double that.

– Many never make it –

Exotic Fauna states on its website that “the utmost care is taken with breeding and handling” the animals, and its processes were “100 percent” compliant with international protocols on wildlife trade.

According to Eduardo Sacasa, president of Nicaragua’s national zoo, as long as the animals are not taken from the wild and are bred at centers such as Exotic Fauna that recreate their natural environment, “it is not bad.”

Added Talavera’s husband, Lacayo: “We take from nature once, only once, and we breed the product that we export.”

But the NGO People for the Ethical Treatment of Animals (PETA), which advocates for an end to the trade in exotic species, says the practice is cruel and many would-be “pets” never survive the journey to their new home.

“Those who do survive often suffer in captivity and die prematurely from malnutrition, an unnatural and uncomfortable environment, loneliness, and the overwhelming stress of confinement,” PETA states on its website.

– Frogs for entertainment –

Lacayo said they sold many frogs during the Covid-19 epidemic as people in quarantine sought to be “entertained.”

American clients, he added, were particularly keen on tarantulas, which are venomous but not dangerous to people. 

To tide them over on the long journey, the frogs are given an extra large helping of crickets, which are also raised on the farm.

The tarantulas are fed insects and worms, but the boas are left empty-bellied.

In the case of the snakes, explained Exotic Fauna worker Harlintong Bonilla: “we give it food two or three days before, so that it has digested the food well and doesn’t throw up en route.”

Elon Musk deal to buy Twitter in danger: report

Twitter shares slid late Thursday after a Washington Post report that Elon Musk’s $44 billion deal to buy the social media giant is in danger.

The world’s richest man has previously expressed misgivings and even implied he could walk away from the deal over concerns about what he believes are an abundance of fake accounts.

According to the Post, however, Musk has been unable to pin down the percentage of Twitter accounts that are not genuine, despite being given access to internal data.

While Musk has already made comments putting his commitment to the deal in doubt, the latest report cited an anonymous source saying his team is preparing for a “change in direction.”

Twitter shares, which were already trading lower than the price offered by Musk, sank about four percent on the news in after-market trades.

“The Twitter soap opera is clearly coming to some sort of finale over the coming months as Musk makes the decision to stay (with a lower price) or go,” Wedbush analyst Dan Ives said in a note to investors.

“The Twitter deal has clearly caused chaos at Twitter.”

Ives expected Musk to reveal details of his fake account concerns in the coming weeks.

During the Qatar Economic Forum last month, Musk said that his Twitter purchase remained held up by “very significant” questions about the number of fake users on the social network.

“So we are still awaiting resolution on that matter and that is a very significant matter,” the Tesla car and SpaceX exploration chief said via a video link to the gathering.

Twitter executives have held firm that less than five percent of accounts are bogus, with Musk saying he believes the number to be much higher.

Musk said there were also questions about Twitter’s debt.

The chances of Musk buying Twitter as originally negotiated are slim, Ives said.

Wedbush set the chance of the deal happening at a lower price at 60 percent, leaving open the door to the possibility Musk will try to walk away with only paying a required $1 billion breakup fee.

Elon Musk deal to buy Twitter in danger: report

Twitter shares slid late Thursday after a Washington Post report that Elon Musk’s $44 billion deal to buy the social media giant is in danger.

The world’s richest man has previously expressed misgivings and even implied he could walk away from the deal over concerns about what he believes are an abundance of fake accounts.

According to the Post, however, Musk has been unable to pin down the percentage of Twitter accounts that are not genuine, despite being given access to internal data.

While Musk has already made comments putting his commitment to the deal in doubt, the latest report cited an anonymous source saying his team is preparing for a “change in direction.”

Twitter shares, which were already trading lower than the price offered by Musk, sank about four percent on the news in after-market trades.

“The Twitter soap opera is clearly coming to some sort of finale over the coming months as Musk makes the decision to stay (with a lower price) or go,” Wedbush analyst Dan Ives said in a note to investors.

“The Twitter deal has clearly caused chaos at Twitter.”

Ives expected Musk to reveal details of his fake account concerns in the coming weeks.

During the Qatar Economic Forum last month, Musk said that his Twitter purchase remained held up by “very significant” questions about the number of fake users on the social network.

“So we are still awaiting resolution on that matter and that is a very significant matter,” the Tesla car and SpaceX exploration chief said via a video link to the gathering.

Twitter executives have held firm that less than five percent of accounts are bogus, with Musk saying he believes the number to be much higher.

Musk said there were also questions about Twitter’s debt.

The chances of Musk buying Twitter as originally negotiated are slim, Ives said.

Wedbush set the chance of the deal happening at a lower price at 60 percent, leaving open the door to the possibility Musk will try to walk away with only paying a required $1 billion breakup fee.

British pound rallies on Johnson resignation, global stocks gain

The British pound rallied Thursday on British Prime Minister Boris Johnson’s resignation as leader of the Conservative party, while Wall Street indices advanced for a fourth straight session.

Johnson’s announcement followed an extraordinary series of resignations from his scandal-plagued administration.

He acknowledged it was “clearly the will of the parliamentary Conservative party that there should be a new leader of that party, and therefore a new prime minister.”

The move lifted the pound above the $1.20 level.

“The currency market is relieved that Johnson is finally resigning, removing some of the political uncertainty that was priced into the pound and paving the way for a new prime minister,” said Victoria Scholar, head of investment at Interactive Investor. 

London’s blue-chip FTSE 100 stock index also rose 1.1 percent, along with bourses in Paris and Frankfurt.

In New York, stocks also had a good day, with the S&P 500 and Nasdaq each advancing for a fourth straight day.

Maris Ogg of Tower Bridge Advisors said it is too soon to declare that the market has turned. 

“I don’t think (the rebound) is meaningful because we’ve got to wait on earnings,” Ogg said, alluding to upcoming quarterly reports that investors fear will underscore a weakening economic outlook.

Elsewhere, oil prices pushed higher as markets focused on risks to petroleum supply, a shift from the recent fixation on the threat of recession.

Traders are worried about a potential interruption of a majority of Kazakhstan’s total oil exports after a Russian court ordered a 30-day ban on unloading from the 1,500-kilometre (930-mile) pipeline from Kazakh oil fields to the Novorossiysk terminal, citing environmental violations.

Earlier stoppages from the pipeline have triggered speculation that the Kremlin might be punishing its Central Asian ally for its neutral stance on Ukraine.

Meanwhile, the euro struck a fresh 20-year low against the dollar as the minutes from the latest European Central Bank meeting showed it is happy to go slow with hiking interest rates, unlike the US Federal Reserve.

The European single currency is being hammered by growing fears of a recession for the eurozone and the likelihood of more aggressive US interest-rate hikes.

– Key figures at around 2030 GMT –

New York – Dow: UP 1.1 percent at 31,384.55 (close)

New York – S&P 500: UP 1.5 percent at 3,902.62 (close)

New York – Nasdaq: UP 2.3 percent at 11,621.35 (close)

London – FTSE 100: UP 1.1 percent at 7,189.08 (close)

Frankfurt – DAX: UP 2.0 percent at 12,843.22 (close)

Paris – CAC 40: UP 1.6 percent at 6,006.70 (close)

EURO STOXX 50: UP 2.0 percent at 3,488.50 (close)

Tokyo – Nikkei 225: UP 1.5 percent at 26,490.53 (close)

Hong Kong – Hang Seng Index: UP 0.3 percent at 21,643.58 (close)

Shanghai – Composite: UP 0.3 percent at 3,364.40 (close)

Pound/dollar: UP at $1.2024 from $1.1926 Wednesday

Euro/pound: DOWN at 84.49 pence from 85.37 pence

Euro/dollar: DOWN at $1.0162 from $1.0182

Dollar/yen: DOWN at 136.01 yen from 135.95 yen 

Brent North Sea crude: UP 3.9 percent at $104.65 per barrel xx

West Texas Intermediate: UP 4.3 percent at $102.73 per barrel

Soccer star Rapinoe nods to detained Brittney Griner at W.House

US soccer icon Megan Rapinoe paid silent tribute Thursday to a fellow sports star — basketballer Brittney Griner, who is detained in Russia — during a White House awards ceremony. 

As she and several others received the Presidential Medal of Freedom, the highest American civilian honor, Rapinoe wore a white pantsuit with the initials “BG” and a flower embroidered on the lapel.

Griner, who has been imprisoned in Russia since February, pleaded guilty to drug smuggling charges earlier Thursday in a case that has further inflamed tensions between Moscow and Washington.

The two-time Olympic gold medalist and WNBA champion, detained days before Russia sent troops to Ukraine, faces up to a decade behind bars for bringing vape cartridges with cannabis oil into the country, but insists she did not intend to break the law.

US President Joe Biden “is going to do everything he can to make sure she gets home safely,” White House spokeswoman Karine Jean-Pierre said in response to criticism from the basketball star’s family on the administration’s involvement.

In addition to Rapinoe, who helped lead the US women’s national soccer team to 2019 World Cup victory and advocates for LGBTQ+ rights, Biden also commemorated gymnastics champion Simone Biles for shining a light on mental health struggles.

Other award recipients included former congresswoman Gabrielle Giffords who is a survivor of gun violence, the nurse who was the first person in the United States to be vaccinated against the coronavirus, and posthumous awards for Apple founder Steve Jobs and Republican senator and war hero John McCain. 

“This is America,” Biden said of the esteemed group.

Also honored was Oscar-winning actor Denzel Washington, who could not attend the White House ceremony because he recently tested positive for Covid.

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