Yahoo Finance’s Akiko Fujita breaks down the top stories around the world.
AKIKO FUJITA: In our worldview today, new COVID-19 restrictions go back into effect on parts of Australia. Sydney going back into a partial lockdown tonight as health officials struggle to control a spike in the Delta variant. Roughly six dozen new cases have been reported over the last week, with the infections reportedly spreading in shopping malls, cafes, and salons in the city center. The lockdown will remain in effect for one week for now. Australia has reported more than 30,000 infections and 900 deaths so far in the pandemic.
Vice President Kamala Harris is heading to the US-Mexico border today to address the surge of migrants coming in from Central America. Harris touching down in El Paso, Texas. She'll be meeting with migrants and visiting a US border patrol facility there. Her visit comes on the heels of her trips to Guatemala and Mexico. And it comes amid Republican criticism that she has been too slow to act. The vice president will be joined by Homeland Security Secretary Alejandro Mayorkas, Illinois Senator Dick Durbin, as well as Democratic Congresswoman Veronica Escobar.
And Taiwan and the US are set to hold trade talks next week reviving discussions that have been put on hold since 2016. The meeting will be held virtually on Wednesday. The Biden administration has moved to strengthen its commitment to Taiwan as it faces increasing pressure from Beijing. Taipei seeking a free trade deal with the US, but Beijing is likely to push back on that one since it considers the territory part of China.