Wednesday Briefing: Jury in Rittenhouse murder trial to deliberate for second day

Wednesday, November 17, 2021

by Farouq Suleiman

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Jury in Kyle Rittenhouse's murder trial ends first day without a verdict, India steps up pollution fight in New Delhi and Reuters looks at how an Indian metaverse king made his fortune.

Today's biggest stories

Kyle Rittenhouse during his trial at the Kenosha County Courthouse in Wisconsin, U.S., November 16, 2021. Sean Krajacic/Pool via REUTERS

U.S.

The jury in the murder trial of Kyle Rittenhouse ended their first day of deliberations without reaching a verdict, pushing their efforts to form a consensus on whether to convict or acquit the teenager into a second day.

The United States is planning to invest billions of dollars in expanding COVID-19 vaccine manufacturing capacity to make available an additional one billion doses per year, a Biden administration official said.

The Senate Commerce Committee will hold a confirmation hearing for a new term for Federal Communications Commission Chair Jessica Rosenworcel, but Democrats will remain short of a majority in the telecommunications regulator.

President Joe Biden will take his victory tour celebrating a new U.S. infrastructure law to Detroit to tout investments aimed at boosting the market for electric vehicles.

Biden's infrastructure and social spending legislation will not add to inflationary pressures in the U.S. economy, economists and analysts in leading rating agencies told Reuters. Read the full exclusive.

Vehicles are seen shrouded in smog in New Delhi, India, November 17, 2021. REUTERS/Anushree Fadnavis

WORLD

India stepped up efforts to combat high levels of pollution in New Delhi that threaten the lives of residents and others nearby, ordering a temporary halt to operations of five power stations and longer school closures.

The COVID-19 pandemic has forced India to urgently try and revitalize its health infrastructure, especially after a record rise in infections and deaths exposed years of neglect. Here are some facts and figures on health in India, based on data from the government, the World Bank and research reports.

This cocoa-growing settlement was all but destroyed last year by Ivorian forest agents, leaving farmers to rake through their beans amid broken concrete and other remnants.

The Dutch government's plan to scrap the "corona pass" for people not vaccinated against COVID-19 faced strong opposition in parliament, including from within the ruling coalition.

Amid concerns that China's men's hockey players are not good enough to compete on home ice in next year's Winter Games, veteran amateur players in Beijing are bracing for a rough ride but still hope they can see the team in action.

The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque

BUSINESS

While the Federal Reserve trails other major central banks in tackling climate change, it's catching up on a critical front: figuring out if rising temperatures could topple a major bank or even the entire financial system.

President Joe Biden's nominee as the next chair of the Federal Reserve, expected as soon as this week, will inherit an economy headed for the fastest annual growth in a generation with wage increases flowing to the lowest-paid workers, strong hiring, and household bank accounts flush with cash.

The European Central Bank's latest comments on inflation have lobbed another grenade in the path of the euro. Already down over 7% to the dollar this year, the euro tumbled against every major currency after ECB President Christine Lagarde effectively quashed money markets' expectations of a 2022 interest rate rise.

A Bank of Japan scheme introduced to support smaller lenders hurt by its ultra-low interest rates has perversely pushed up short-term borrowing costs, further complicating the central bank's plans to eventually ditch easy monetary policy.

Amazon said it would stop accepting Visa credit cards issued in the United Kingdom from next year due to the high fees charged by the payment processor for transactions.

Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle battleground: power infrastructure.

Quote of the day

"While we have been unable to identify the remains, we are working with forensic experts to see what we can do to confirm their identities."

Peter Read

Detective Superintendent

New Zealand police find human remains in disaster-stricken mine after 11 years

Video of the day

Boosters key to controlling COVID-19 -Fauci

In an interview at the Reuters Total Health conference, top U.S. infectious disease official Dr. Anthony Fauci said on Tuesday it is possible for COVID-19 to be reduced to an endemic illness from the current health emergency next year if the country ramps up vaccination rates.

And finally…

From Crypto to Christie’s: How an Indian metaverse king made his fortune

Vignesh Sundaresan, aka MetaKovan, has amassed a digital art collection worth tens of millions of dollars. His path to riches was sometimes rocky.

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