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Global Markets: U.S. charges against Meng to be resolved

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

– Huawei Technologies Chief Financial Officer Meng Wanzhou will appear virtually in a federal court to resolve charges filed in the United States against her, a source told Reuters. Meng was arrested at Vancouver International Airport in December 2018 on a U.S. warrant. She was subsequently charged with fraud. Meng is currently fighting extradition from Canada to the U.S. and a ruling on her case is set for Oct. 21.

– Overruling its own advisory panel, the U.S. Centers for Disease Control and Prevention (CDC) announced on Friday it supports a booster shot of the Pfizer-BioNTech COVID-19 vaccine (Comirnaty) for adults aged 65 and older, those with underlying medical conditions and others who work in high-risk settings. The recommendation only covers those who had their second Pfizer shot six months ago or earlier. Canada’s National Advisory Committee on Immunization (NACI) currently recommends a booster shot for immunocompromised individuals.

– Data company Wealth-X announced on Friday the number of billionaires surpassed 3,000 for the first time ever, totalling 3,204 in 2020, according to its annual billionaire census. The number represents an increase of 670 from the year before, while the total combined wealth of all billionaires on Earth totalled US$10 trillion. Canada had the 12th-most billionaires with 53 in 2020, seven more than the previous year, whose combined wealth is US$100 billion.

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