WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Ukraine claimed on Thursday that its forces have sunk the Russian warship Moskva in the Black Sea with a missile strike. Russia has denied the strike, saying that a fire onboard forced the ship’s crew to evacuate. The ship typically has 500 sailors, as well as 16 missiles onboard, with many military analysts claiming that its removal would be a major defeat for Russia. Russian troops have already retreated from much of the northern parts of Ukraine, including the capital Kyiv, in favour of a renewed offensive in the eastern parts of the country.
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– China is continuing measures to stop the spread of COVID-19 in its cities. Most businesses in Shanghai are still closed despite an easing of restrictions for its 25 million residents. Access to Guangzhou is suspended this week, cutting off the city of 19 million. On Thursday, the government reported 29,411 new cases with all but 3,020 showing no symptoms. Shanghai accounted for 95 per cent of new cases.
– Tesla CEO Elon Musk proposed a hostile takeover of the social media platform Twitter on Thursday offering more than US$43 billion. Despite previously claiming that the site did not always adhere to free speech, Musk said in a regulatory filing he wants to turn the publicly-traded company private. Last week, Musk received an offer by Twitter to sit on its board of director as long as he did not own more than 14.9 per cent of stock in the company. He turned it down days later.
