WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Negotiations between Unifor and and General Motors are scheduled to begin Tuesday, the day after national president Lana Payne announced the union next choice. The new round of bargaining will include 4,300 workers at three different facilities in Ontario. Payne added that Unifor is going after General Motors rather than Stellantis because of negotiation leverage.
– A new report from the International Energy Agency (IEA) on Tuesday said fossil fuel demand will peak before the end of the decade, even without the implementation of new government climate policies before 2030. The primary factor behind the new timeline is due to rapidly progressing green technology such as renewable power, electric vehicles and heat pumps. The report added that no new major oil and gas extraction projects would be needed, as well. However, the report’s authors also made it known that more is needed to hold global warming below the 1.5-degree Celsius target agreed to by the international community in 2015.
Read Also
Global Markets: Trump, Putin meet in Alaska
WINNIPEG, Aug. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. –…
– Russian airstrikes killed four people overnight and severely damaged infrastructure at Ukraine’s port of Odesa on the Black Sea. Oleh Kiper, governor of the Odesa region, said that the facilities hit contained almost 1,000 tonnes of grain.
– An explosion at a gas station in the Nagorno-Karabakh region, Azerbaijan killed 30 people and injured nearly 300 on Tuesday. People were lining up to fill their cars when the explosion happened. More than 13,500 people have fled the region in recent days, moving across the border into Armenia after Azerbaijan’s military reclaimed Nagorno-Karabakh after three decades of separatist rule.
