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Jimmie Johnson 1St NASCAR Driver to Test Positive for Virus

Canada Restricts Dealings With Hong Kong Over New Security Law

OTTAWA—Foreign Affairs Minister Francois−Philippe Champagne says Canada is suspending its extradition treaty with Hong Kong as part of a package of responses to the new security law China has imposed on the territory. In a statement, Champagne says Canada will also treat sensitive goods being exported to Hong Kong as if they were being sent to mainland China. That means outright banning some military−related goods from being traded there. China imposed strict new controls on Hong Kong this week, in what Champagne calls a violation of the “one country, two systems” philosophy that was supposed to last 50 years after Britain returned Hong Kong to China in 1997. Champagne’s statement says Hong Kong’s place in the global economy was based on that promise and needs to be reassessed. Canada’s moves…

Jimmie Johnson 1St NASCAR Driver to Test Positive for Virus

INDIANAPOLIS—Seven-time NASCAR champion Jimmie Johnson has tested positive for the coronavirus and will miss this weekend’s race at Indianapolis Motor Speedway.

The 44-year-old Johnson is the first driver in any NASCAR series to test positive and the news in the evening on July 3 cast a shadow over the historic NASCAR-IndyCar doubleheader races coming up Saturday and Sunday. There was no indication any races would be affected.

Hendrick Motorsports said Johnson will not return until he is cleared by a physician. He was tested earlier Friday after his wife, Chani, tested positive after experiencing allergy-like symptoms.

Johnson is asymptomatic.

“My first priority is the health and safety of my loved ones and my teammates,” Johnson said. “I’ve never missed a race in my Cup career, but I know it’s going to be very hard to watch from the sidelines when I’m supposed to be out there competing. Although this situation is extremely disappointing, I’m going to come back ready to win races and put ourselves in playoff contention.”

Johnson earlier Friday held a Zoom session with reporters to discuss Sunday’s race and an upcoming test of an Indy car on the road course at the fabled venue. He will now miss that test, as well as what was supposed to be his final Brickyard 400. Justin Allgaier will replace him in the No. 48 Chevrolet.

“Jimmie has handled this situation like the champion he is,” said Rick Hendrick, owner of Hendrick Motorsports. “We’re relieved he isn’t showing symptoms and that Chani is doing great, and we know he’ll be back and ready to go very soon. It’s going to be difficult for him to be out of the car and away from his team, but it’s the right thing to do for Jimmie and everyone involved.”

Hendrick Motorsports said it has implemented detailed procedures to protect the health of its team members. They include daily COVID-19 screenings at the team facilities, the separation of facility operations and traveling personnel, split work schedules, stringent face covering and social distancing requirements, and an increased level of disinfecting and sanitization of all work areas.

Jimmie Johnson 1St NASCAR Driver to Test Positive for Virus NASCAR driver Jimmie Johnson, center, talks with Will Power (L) of Australia, and Josef Newgarden during practice for the Indianapolis 500 IndyCar auto race at Indianapolis Motor Speedway in Indianapolis, on May 16, 2019. (Darron Cummings/AP Photo)

Johnson is scheduled to retire from full-time NASCAR competition at the end of the season and was trying to tie Jeff Gordon and Michael Schumacher as the only five-time winners at Indianapolis.

Johnson has made 663 consecutive Cup Series starts—the longest streak among active drivers—and is currently 12th in the standings, 63 points inside the playoff picture. NASCAR’s rules state a driver must be symptom-free and have two negative coronavirus tests in a 24-hour span to return.

NASCAR said it has granted Johnson a playoff waiver.

“Jimmie is a true battle-tested champion, and we wish him well in his recovery,” the series said.

Johnson could potentially also miss the Cup race at Kentucky and the All-Star race at Bristol. Next week’s test of the road course at Indy in Scott Dixon’s car has also been scrapped.

NASCAR was one of the first sports to resume competition from the pandemic shutdown and has completed 11 Cup races since its May 17 return. The sanctioning body does not test for coronavirus but participants are required to do a temperature check as they enter the facility.

Drivers have been told to isolate at the track and there is very little interaction beyond radio conversation between the competitor and his crew.

Although Stewart-Haas Racing and Team Penske both said they’ve had positive tests from shop-based team members, Johnson is the first driver. Earlier Friday, Brazilian sports car driver Felipe Nasr said he had tested positive and will miss Saturday’s IMSA event at Daytona International Speedway.

Johnson earlier Friday discussed the Indy car test scheduled with Chip Ganassi Racing, which he said was the first step in determining if actual races are in his future. If he’s any good, he said, he would be open to racing all 12 street and road course events on the IndyCar schedule.

Jimmie Johnson 1St NASCAR Driver to Test Positive for Virus Jimmie Johnson led only six laps to get his fifth win of the season. (Ralph Lauer/AP Photo)

Johnson has long said safety concerns would keep him from racing on IndyCar oval tracks, but Friday he offered a surprisingly softer stance about the Indy 500. IndyCar this year unveiled its aeroscreen windshield designed to protect the drivers from debris as they sit in the open-air cockpits. Saturday will mark just the second race with the device, but it appeared problem-free last month on the oval at high-speed Texas Motor Speedway.

“Their safety on ovals has dramatically increased this year with the windscreen. So, I’ll keep a close eye on things there and see how the safety level looks,” Johnson said. “I’ve always wanted to race the Indy 500. I’d have to do a lot of selling to my wife to get that pass, but my true desire right now is to just run the road courses.”

Johnson has his eye on the street course race in Long Beach, California, a race that was canceled this year because of the coronavirus pandemic but is one of the most storied events on the IndyCar calendar at a track just a couple hours from his native El Cajon.

“When I was a kid growing up, the closest IndyCar racing for me was at Long Beach so one of my hopes is that I am able to race at Long Beach,” Johnson said. “I hung on the fence a lot as a kid watching and dreaming. … There’s a lot of sentimental value with that race and I hope to race there.”

He is stuck in a three-year losing streak but Hendrick Motorsports has been dramatically improved this season and Johnson has been competitive. He has also been actively prepping for a whirl in an Indy car and had been scheduled to test with the McLaren team before the pandemic.

“It’s a test, it’s a tryout and it’s a two-way street. Two-way tryout for the team to look at me and for myself to look at a team,” he said. “If I’m about four seconds off the pace, then that’s probably a quick sign that I don’t need to be in one of these cars. If I’m within a certain amount of time and I have a good feel of the car, then for me, I feel like that’s an important first step that I need to know that I can be competitive.

“I do not want to go race in any series and not be competitive,” he said.

By Jenna Fryer

Focus News: Jimmie Johnson 1St NASCAR Driver to Test Positive for Virus

Nasdaq-Listed Chinese Company Cheated Creditors by Using Fake Gold as Loan Collateral

Nasdaq-listed Chinese jeweler Kingold Jewelry Inc. (KGJI) has received 20 billion yuan ($2.8 billion) loans by claiming to use tons of gold as collateral in the past five years. However, the creditors discovered that some of the gold bars are gilded copper alloy. The loans were protected by insurance issued by Chinese state-run PICC Property and Casualty Company (PICC) and some smaller insurers. But the insurers refuse to pay for the loss of Kingold’s creditors by claiming that the insurance contracts defined that they won’t take care of the loss that was created by the policyholder. However, the creditors emphasized that the insurance agreement ruled that insurers will take responsibility if the gold that is supplied by the policyholder doesn’t meet the standard. Kingold designs and manufactures jewelry. It was…