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Asia stocks mixed after Wall St dips on US recession warning

Published Wed, 26 Feb 2025 21:24:05 GMT

By JOE McDONALD (AP Business Writer)BEIJING (AP) — Asian stock markets were mixed Thursday after the Federal Reserve said its economists expect a “mild recession” this year.Shanghai and Hong Kong declined while Tokyo and Seoul advanced. Oil prices edged lower.Wall Street closed lower Wednesday after the U.S. government reported inflation still is higher than the Fed’s target and notes from the central bank’s latest meeting said its economists expect lower lending to cause a “mild recession.” Traders already saw an increasing likelihood of at least a brief U.S. recession this year following interest rate hikes to cool inflation.“It seems to be brewing recession fears that shook risk sentiments,” said Yeap Jun Rong of IG in a report. The Fed report “erodes chatters of a soft landing scenario.”The Shanghai Composite Index lost 0.1% to 3,324.30 while the Nikkei 225 in Tokyo added 0.1% to 28,108.67. The Hang Seng in Hong K...

Take a dip and relax at these San Diego-area pool decks

Published Wed, 26 Feb 2025 21:24:05 GMT

SAN DIEGO -- As the weather starts to warm up, San Diegans or tourists will be looking for ways to stay cool.Pools are a popular spot where you can either sunbathe, take a dip or hang out and be social. Petco Park to host Padres BeerFest On-Field Party Here's a list of pool decks to visit in the San Diego area, whether it's for a romantic or family-friendly environment:Kona Kai Resort & Spa (Shelter Island) 551 Shelter Island Dr.(Kona Kai Resort & Spa)Catch mesmerizing views of the marina while sipping down cocktails and relaxing in one of two pools or adult-only pool bars featured at the Kona Kai. Non-hotel guests can also take advantage of the private beach, marina and gym access, as well as reserved poolside cabanas.Marriott Marquis San Diego Marina (downtown San Diego)333 W Harbor Dr.(Marriott Marquis San Diego Marina)Located along the water and between its iconic towers, the Marriott Marquis San Diego Marina's pool deck is lined with tropical flora and palm trees...

China’s exports rebound unexpectedly to growth in March

Published Wed, 26 Feb 2025 21:24:05 GMT

BEIJING (AP) — China’s exports rebounded unexpectedly to growth in March despite a decline in U.S. and European demand following interest rate hikes to cool inflation.Exports rose 14.8% over a year earlier to $315.6 billion, recovering from a 6.8% contraction in January and February, customs data showed Thursday. Imports sank 1.4% to $227.4 billion, but the decline was smaller than the 10.2% slide in the previous two months.China’s politically sensitive global trade surplus widened by 82% over a year earlier to $88.2 billion.Exports to the United States and the 27-nation European Union, China’s biggest export markets, declined.For the first three months of the year, exports edged up 0.5% over the same period of 2022 to $821.8 billion, the General Administration of Customs of China reported. Total imports contracted 7.1% to $617.1 billion.Trade weakness adds to complications for President Xi Jinping’s government, which is trying to revive economic growth that sank last year to ...

4 firefighters die in garment factory blaze in Pakistan

Published Wed, 26 Feb 2025 21:24:05 GMT

KARACHI, Pakistan (AP) — Four firefighters died and nearly a dozen others were injured after a massive fire broke out in a garment factory in the southern Pakistan port city of Karachi, rescue officials and police said Thursday.The cause of the blaze, which ripped through the factory Wednesday night and eventually caused it to collapse, was not immediately known, police said. Earlier, heavy gray smoke suddenly rose from the factory. Firefighters had almost extinguished the blaze when the collapse occurred.Rescuers have retrieved the bodies of the firefighters from the rubble of the factory.Several firefighting vehicles were dispatched to the scene in an industrial area of the city, where many factories are located, officials said. Officers were also assessing the impact of the fire at an adjacent building.Karachi is the capital of southern Sindh province, where such incidents are common. In August 2021, at least 10 people were killed in a massive fire at a chemical factory in Karach...

Expelled to reinstated: Pearson to return to Tennessee House

Published Wed, 26 Feb 2025 21:24:05 GMT

NASHVILLE, Tenn. (AP) — The second of two Black Democrats expelled from the Republican-led Tennessee House will follow his colleague in a return to work at the Capitol on Thursday, a week after their banishments for a gun control protest on the House floor that propelled them into the national spotlight.Justin Pearson was easily reappointed to his position by Shelby County commissioners Wednesday, and delivered a speech like a fiery pastor to a throng of jubilant supporters outside in a churchlike celebration. The Memphis lawmaker plans to be sworn in outside the Capitol on Thursday before returning for the House floor session that morning.Republicans expelled Pearson and Rep. Justin Jones last week over their role in a gun control protest on the House floor after a Nashville school shooting that left three children and three adults dead.The appointments are interim and special elections for the seats will take place in the coming months. Jones and Pearson have said they plan to run...

Syria, Saudi Arabia move toward restoring embassies, flights

Published Wed, 26 Feb 2025 21:24:05 GMT

BEIRUT (AP) — Syria and Saudi Arabia are moving toward reopening embassies and resuming flights between the two countries for the first time in more than a decade, the countries said Thursday in a joint statement.The announcement followed a visit by Syria’s top diplomat to the kingdom, the first since Saudi Arabia cut off diplomatic relations with Syria in 2012.Syria was widely shunned by Arab governments over Syrian President Bashar Assad’s brutal crackdown on protester,s and later civilians, in an uprising turned civil war that began in 2011. The breakdown in relations culminated with Syria being ousted from the Arab League. However, in recent years, as Assad has consolidated control over most of the country, Syria’s neighbors have begun to take steps toward rapprochement. The overtures have picked up pace since the massive Feb. 6 earthquake in Turkey and Syria, and the Chinese-brokered reestablishment of ties between Saudi Arabia and Iran, regional rivals that had bac...

Trump set to give 2nd deposition in New York fraud lawsuit

Published Wed, 26 Feb 2025 21:24:05 GMT

NEW YORK (AP) — Former President Donald Trump was expected to visit the offices of New York’s attorney general Thursday for his second deposition in a legal battle over his company’s business practices.The Republican was scheduled to meet with lawyers for Attorney General Letitia James, who sued Trump last year. Her lawsuit claims Trump and his family misled banks and business associates by giving them false information about his net worth and the value of assets such as hotels and golf courses.The lawsuit is unrelated to the felony criminal charges filed against Trump by the Manhattan district attorney, which led last week to his historic arraignment, the first for a former president.Trump and his lawyers have said the Democrat’s lawsuit against him is politically motivated and legally baseless. He and the company have denied doing anything wrong. James declined to answer a question about the planned deposition at a news conference on an unrelated matter Wednesday...

Death penalty looms over Pittsburgh synagogue massacre trial

Published Wed, 26 Feb 2025 21:24:05 GMT

The man charged in the deadliest antisemitic attack in U.S. history tried for years to avoid a federal jury trial, which would decide whether to convict him of shooting to death 11 people in a Pittsburgh synagogue. Ultimately those efforts failed, and jury selection is less than two weeks away.Court filings show 46-year-old Robert Bowers had offered to plead guilty in the 2018 attack on the Tree of Life synagogue, a crime for which he was arrested at the scene and made incriminating statements to police. He indicated he was willing to accept life without parole and relinquish appeals rights.But his offer came with a condition that the U.S. Justice Department declined: In return for a guilty plea, he would no longer face the death penalty. Much of the legal battling that has stretched on for more than four years has been looking to the critical sentencing phase after the guilt-or-innocence portion of the trial is over.The families of some victims have endorsed the deal for life witho...

Denver mayor runoff election candidate Q&A: Mike Johnston and Kelly Brough

Published Wed, 26 Feb 2025 21:24:05 GMT

The Denver Post sent a questionnaire to candidates in the Denver municipal election. Answers are lightly edited.Mike JohnstonPROFESSIONEDUCATIONEXPERIENCESchool principal, State Senator (2009-2017), President and CEO of Gary Community VenturesWEBSITE • FACEBOOK • TWITTERBriefly describe the single most urgent issue facing the city of Denver and how it should be addressed.One of the biggest risks Denver faces is the risk of a doom loop that other cities have entered where increased homelessness and crime drive businesses and individuals out of downtown. Decreased visits downtown shutter restaurants and bars, reducing commercial occupancy which in turn reduces tax revenue, decreases our tax base, and decreases the public services. This can lead to a decrease in safety and disincentivizes residents to revitalize a city that is struggling. However, the first hurdle that Denver faces is the belief that these problems can’t be solved. We not only know these problems can be solved, but we ...

Get to know the Denver mayor runoff candidates: Mike Johnston and Kelly Brough

Published Wed, 26 Feb 2025 21:24:05 GMT

Since no candidate for Denver mayor received more than 50% of the vote, the top two vote-getters, Mike Johnston and Kelly Brough, will go head-to-head in a June 6 runoff election. Here’s a roundup of our coverage of the candidates. Four City Council races appear to be headed for runoffs as well.Stories• Denver mayor’s race runoff set between Mike Johnston and Kelly Brough• Here are the mayoral candidates with the most money behind them• We asked every Denver mayoral candidate for 5 years of tax returns. Here’s what we learned.• Denver mayoral candidates pick fights in latest debateQ&AsWe sent questionnaires to Denver election candidates — here’s how Johnston and Brough answered some of the questions. Read all of their answers on the Denver mayor runoff candidate Q&A page.What should Denver leaders do to address the city’s lack of affordable housing?Mike JohnstonI spent the last two years building a coalition of 260 organizations to support passage of Propos...