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Global Markets: Russian infrastructure attacks intensify

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Published: December 16, 2022

By MarketsFarm

WINNIPEG, Dec. 16 – The following is a glance at the news moving markets in Canada and globally.

 

  • Russian missile attacks on Ukrainian infrastructure intensified on Friday, with “colossal damage” reported by Ukrainian officials. Nine power facilities were reportedly damaged in the attack, with electricity out across the country.

 

  • Twitter has suspended the accounts of several journalists who had recently written about new owner Elon Musk. Musk, who has called himself a ‘free speech absolutist’ in the past, earlier suspended an account that had been tracking the activity of his private jet. In response to comments about the suspensions, the billionaire tweeted: “Same doxxing rules apply to ‘journalists’ as to everyone else,” referring to rules banning sharing personal information on the social media site.
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  • Japan announced a US$320 billion plan to buy missiles and expand its military, marking the country’s largest military build-up since World War Two. The five-year plan would make Japan the world’s third largest military spender after the United States and China and was described the Prime Minister Fumio Kishida as “a turning point in history.” The military investment comes amid regional tensions with China and the ongoing Russian war in Ukraine.

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