World stocks and oil prices were faltering on Friday as record-setting new coronavirus cases in several U.S. states led to worries that more lockdowns may be necessary, making a quick economic recovery unlikely.
Japan may still build Aegis Ashore missile defense systems to defend against attacks by North Korea and other regional rivals, including China, a source told Reuters just weeks after reports that the proposal had been killed.
Samira Hanna spends a lot of time in the dark. Her old Beirut apartment gets less than two hours of electricity a day, and with Lebanon's economy in ruins, the grandmother can barely afford candles, let alone a private generator.
Forced to cancel a popular on-site tour due to the coronavirus pandemic, the Bank of Japan created a virtual one that takes viewers through the brick corridors, dome-roofed rooms and even an underground vault of its century-old headquarters online.
Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere could suppress fuel demand.
Hong Kong's highest-profile officials and business people paid their respects on Friday to Macau's gambling king, Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men.
Minimalist lifestyle brand Muji's U.S. subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday, joining the list of casualties from the coronavirus pandemic.
Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off its share price, left it with a hefty compensation bill and exposed it to accusations of covering up the full extent of the damage.
The yen rose to a two-week high and risk-sensitive currencies slid on Friday after a surge in new coronavirus infections in the United States further undermined the case for a quick turnaround in the economy.
Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concern about economic recovery, while investors looked forward to earnings season.
The dollar and other safe-haven currencies gained against their riskier peers on Friday after a surge in new coronavirus infections in the United States further undermined the case for a quick turnaround in the economy.