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China Urges U.S. to Protect its Space Station from Satellites

China is calling on the United States to protect a Chinese space station and its three-member crew after Beijing complained that satellites launched by Elon Musk's SpaceX nearly struck the station.

A foreign ministry spokesman accused Washington on Tuesday of ignoring its treaty obligations to protect the safety of the Tiangong station's three-member crew following the July 1 and Oct. 21 incidents.

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Indonesia to Let Boeing 737 Max Fly Again after 2018 Crash

Indonesia said Wednesday it is lifting its ban on Boeing's 737 Max aircraft, three years after one crashed into the Java Sea shortly after takeoff killing all 189 people on board.

The Transportation Ministry said in a statement Wednesday that the aircraft will be permitted to fly in Indonesia, but only after airlines carry out airworthiness directives.

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European Shares Mixed, Asia Slips on Omicron Worries

European benchmarks opened mixed, with London's FTSE 100 at nearly a two-year high, after Asian shares mostly finished lower Wednesday.

France's CAC 40 edged up 0.1% in early trading to 7,190.22, while Germany's DAX slipped 0.2% to 15,935.45. Britain's FTSE 100 rose 1.1% to 7,449.16 — its highest level since February 2020, amid optimism that the omicron coronavirus variant may prove to be milder than earlier versions of the virus.

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Slow Progress as Lebanon Awaits IMF Economic Deal  

Lebanon is mired in an economic crisis branded by the World Bank as one of the worst in modern times, but officials are yet to strike an international bailout deal.

The financial meltdown began in 2019, and Lebanon defaulted on its debt last year.

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Stock Markets Rise on Omicron Optimism

Stock markets rose on Tuesday as investors appeared confident that the Omicron coronavirus variant will not derail the global economic recovery.

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China Pursues Tech 'Self-Reliance,' Fueling Global Unease

To help make China a self-reliant "technology superpower," the ruling Communist Party is pushing the world's biggest e-commerce company to take on the tricky, expensive business of designing its own processor chips — a business unlike anything Alibaba Group has done before.

Its 3-year-old chip unit, T-Head, unveiled its third processor in October, the Yitian 710 for Alibaba's cloud computing business. Alibaba says for now, it has no plans to sell the chip to outsiders.

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Global Shares Follow Wall St Higher, Shrug Off Omicron Fears

Global shares advanced Tuesday following a rally on Wall Street as investors shrugged off concerns about the highly transmissible omicron variant of the coronavirus.

France's CAC 40 edged up 0.2% in early trading to 7,155.68, while Germany's DAX added 0.3% to 15,878.65. Britain's FTSE 100 was little changed at 7,372.10. U.S. shares were set for gains, with Dow futures up nearly 0.1% to 26,200.00. S&P 500 futures were little changed, up less than 0.1% at 4,783.25.

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World's Fair in Dubai Warns of Possible Closures over Virus

The multibillion-dollar world's fair in Dubai has warned that some venues on site may shut down as coronavirus cases rapidly rise in the United Arab Emirates.

Dubai's Expo 2020 said that virus outbreaks among staff may force some parts of the fair to "close temporarily for deep cleaning and sanitization," without elaborating on the scope or the location of the infections.

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Miqati Expects Draft Deal with IMF within Weeks

Prime Minister Najib Miqati said Tuesday that his government's talks with the International Monetary Fund are inching closer to a "final formula" for a draft on an agreement before the end of February.

Najib Mikati said the Cabinet was doing "its homework" ahead of talks with the IMF in mid-January. An IMF delegation will visit Lebanon again in late January or early February to lay out "the final formula for the agreement with them and then we will announce to the Lebanese where we stand," Miqati said.

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Stocks Markets Mixed as Omicron Spreads

World markets diverged in thin holiday trade on Monday as fears lingered over the spreading Omicron coronavirus variant.

The highly mutated strain has fuelled a massive increase in cases across the globe, with countries reviving lockdowns, thousands of flights cancelled, and cruise ships returning to port with Covid-infected passengers.

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