Joe Biden Stephen Innes city Bangkok city Tokyo pandemic economy Coronavirus Joe Biden Stephen Innes city Bangkok city Tokyo

World stocks advance on optimism over pandemic recovery

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BANGKOK – Shares opened higher in Europe after gains in Asia on Friday driven by hopes for a strong recovery from the pandemic.

Paris, London and Tokyo advanced and U.S. futures also were higher. Investors appeared to be shrugging off a resurgence of coronavirus cases in many areas and focusing on signs economies are on the mend.

Hopes that economies will regain ground lost since last year's first outbreaks of coronavirus thanks to COVID-19 vaccinations and huge amounts of government have helped support stocks. “Although very much in the price, investors did take solace as the positive outlook for vaccines amid President Joe Biden’s plan for an ‘economic rejuvenation,' which underpinned risk overnight," Stephen Innes of Axi said in a

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Olympic officials suggest Russian skater’s entourage should be probed for failed drug test
Olympic officials on Saturday said they would welcome an anti-doping investigation into the Russian doctors, coaches and family members in the entourage of gold medal winning teenage skater Kamila Valieva.Valieva’s future at the Beijing Olympics hangs in the balance after the stunning revelation she had tested positive for a banned substance before winning the team event on Monday, but that the positive drug test report took more than six weeks to be made public.Fans of figure skating, athletes and anti-doping advocates have expressed outrage over a teenager being dragged into the center of an Olympic doping controversy with a positive test for an angina drug. Many have questioned the role of the adults around the 15-year-old skater.On Saturday, International Olympics Committee spokesman Mark Adams said: “Entourage has been overlooked in the past.” Beijing Olympics: Russian skater’s failed drug test confirmed, setting up fight with IOC The delay in Valieva receiving her positive drug test result also loomed large on Saturday as Olympic and anti-doping officials sought to reinstate her ban.Valieva was suspended by the Russian anti-doping body after the positive test report, but the suspension was lifted a day later after she appealed, allowing her to continue to compete.
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