Markets Mixed…Marijuana trial implications…African nations creating too few jobs
BEIJING (AP) – Global stock prices were mixed Monday after Wall Street extended its slide, fueling concern about the global market outlook. Futures point to a lower opening on Wall Street. Benchmark U.S. crude oil fell to just above $67 per barrel. The dollar rose against the yen and the euro.
DENVER (AP) – A federal trial in Colorado could have far-reaching effects on the United States’ budding marijuana industry if a jury sides with a couple who say having a cannabis business as a neighbor hurts their property’s value. The trial set to begin Monday in Denver is the first time a jury will consider a lawsuit using federal anti-racketeering law to target cannabis companies. The plaintiffs’ claim “pungent, foul odors” from a neighboring indoor marijuana grow have hurt the property’s value and their ability to use and enjoy it.
JOHANNESBURG (AP) – A new report says African nations are failing to create enough jobs for a booming young population even as some countries have seen strong economic growth. The latest Ibrahim Index of African Governance sounds a warning for a continent where the sub-Saharan population is projected to double by 2050. The report released Monday says Africa’s overall GDP has risen nearly 40 percent over the past decade but the continent’s average score for sustainable economic opportunity has increased just a fraction of 1 percent.
TOKYO (AP) – A Japanese rocket on Monday lifted the United Arab Emirates’ first locally made satellite into orbit successfully from a space center in southern Japan. The KhalifaSat Earth observation satellite was launched by the Japan Aerospace Exploration Agency and Mitsubishi Heavy Industries from the Tanegashima Space Center. The H-2A rocket also is carrying an Ibuki-2 greenhouse gas observation satellite for Japan.
PYONGYANG, North Korea (AP) – A senior government economist has told The Associated Press that North Korea is exploring a grand plan to become a regional transportation hub, inspired in part by the successes of Singapore and Switzerland, and would be open to joining world financial institutions such as the International Monetary Fund if current member states give up their “hostile” policies. Ri Ki Song expressed optimism about the current climate of detente on the Korean Peninsula and leader Kim Jong Un’s summits this year with Chinese President Xi Jinping and President Donald Trump.