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Global Markets: Myanmar protests continue

By MarketsFarm

WINNIPEG, Feb. 10 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Protests in Myanmar against last week’s military coup continued on Wednesday, with an estimated 100,000 people on the streets of the country’s largest city, Yangon. Local police officers at a number of demonstrations reportedly switched sides and joined the protestors. One woman was seriously injured on Tuesday after police fired rubber bullets into a crowd.

– The impeachment trial of former United States President Donald Trump over charges he incited an insurrection continues in Washington, D.C. on Wednesday, after the Senate largely voted along party lines on Tuesday to go forward with the proceedings. The Senate is currently evenly split along party lines between Democrats and Republicans, with Democrat Vice President Kamala Harris holding the deciding vote in the event of a tie. However, a conviction of impeachment needs a two-thirds majority.

– The European Union has approved a recovery package worth US$815 billion in the form of loans and grants to help member nations recover from the COVID-19 pandemic.

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