Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Nov. 15 (MarketsFarm) – The following is a glance at
the news moving markets in Canada and globally.
– There has been sharp criticism from climate activists towards
the COP26 agreement for including a controversial compromise
over coal reached over the weekend. China and India are the
world’s largest consumers of coal, which both countries are
dependent on for power generation. The deal comes after two
weeks of negotiations in Scotland at the COP26 summit. China
Read Also
Global Markets: PM, premiers to meet for summit
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
tonnes of coal per day, rather than the originally proposed
“phase out.” Critics stated this will do little to slow the
use of coal and will increase global temperatures.
– The European Union has leveled a harsh rebuke against the
authoritarian regime of Belarus President Alexander
Lukashenko. The EU stated on Monday that Lukashenko is
orchestrating a mass exodus of migrants out of Belarus towards
Poland and the Baltic States, amounting to human trafficking.
It’s believed Belarus is retaliating against the EU for the
latter’s condemnation of Lukashenko’s tight grip over his
country. As well, Lithuania, Latvia and Estonia joined Poland
in calling on the EU fund refugee camps and clamp down on the
the growing humanitarian crisis.
– United States President Joe Biden and Chinese President Xi
Jinping are scheduled to meet virtually on Monday to address
some of the issues between the two countries that have ramped
up global tensions. In their third meeting since Biden came to
power, the presidents are expected to discuss a number of
topics, including cybersecurity, trade and non-nuclear
proliferation. China has fallen well behind in its import
obligations outlined in the Phase One trade agreement, and has
become much more aggressive towards Taiwan. To which Biden has
taken a much harder line with China than his predecessor.
END
