Yahoo Finance China tightens Covid restrictions, Lebanon marks one year since horrific explosion, Huawei's Meng Wanzhou begins final phase of extradition hearing
Yahoo Finance’s Akiko Fujita breaks down the top stories around the world.
Video transcript
In our world view today, China is dramatically restricting travel as it looks to control the worst COVID-19 outbreak in months. On Wednesday, the country announced it would halt all nonessential travel.
Meanwhile in Beijing, trains suspended long distance rail lines for nearly two dozen stations. While large apartment complexes were sealed off for testing. All local governments have called on residents to avoid leaving their regions. The latest outbreak has infected more than 400 people in 25 cities so far, including Beijing in Wuhan, where the first COVID case was detected in 2019.
Residents in Beirut mark the one year anniversary of the catastrophic explosion that killed more than 200 people and injured thousands. Demonstrators gathered along the port where the blasts occurred demanding justice for those who died.
One year on, no senior officials been held responsible for the disaster that rattled Lebanon even as the country faced its worst economic crisis in history. And that's only gotten worse with the ruling government failing to establish a new cabinet to tackle the problems.
French President Emmanuel Macron who's been leading the Western effort to reform the country pledged an additional $120 million in emergency aid today, along with half a million doses of the COVID-19 vaccine.
The extradition case involving Chinese company Huawei CFO reaches a critical stage today. Manganaro will appear in a Vancouver court as the judge begins hearing the final arguments over her extradition to the US.
The daughter of what we found her run Jun was arrested at the Vancouver airport in December of 2018 and faces allegations that she misled HSBC about fawwaz business operations in Iran. The court hearings are expected to last up to three weeks. And the case is reportedly also been raised and high level discussions between senior US and Chinese diplomats in recent weeks.
