Global Markets: Biden-Putin summit possible says spokesperson

Russia deploys 82,000 troops to Ukrainian border

Compiled by Glen Hallick, MarketsFarm

WINNIPEG, April 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Following a Tuesday evening phone conversation between the United States President Joe Biden and Russian President Vladimir Putin, a Kremlin spokesperson said on Wednesday a summit with the two leaders is possible. In recent weeks, Russia has deployed approximately 82,000 troops along its border with Ukraine. That has been seen by the U.S., NATO and other European countries as a clear threat to widening the seven-year-old civil war between Ukraine and Russian-backed rebels in the Donbass region, which has claimed 14,000 lives. Biden recently said he would deploy U.S. naval forces into the Black Sea as a show of support for Ukraine.

– Tuesday saw a third consecutive night of clashes between protestors and police in the Minneapolis suburb of Brooklyn Center, despite the resignations of the local police chief and the officer involved in a deadly shooting on Sunday. Officer Kim Potter is said to have shot Daunte Wright accidentally, stating she drew her gun by mistake instead of her Taser. Racial tensions in the Minneapolis area were already heightened by the trial of Derek Chauvin, the former Minneapolis police officer accused of murdering George Floyd. Those tensions were further exacerbated when a use-of-force expert testified this week that Chauvin’s actions were justified.

– Galen Weston Sr., who ran the Weston business empire for 42 years, passed away on April 12 at 80. Weston succeeded his father Garfield Weston in 1974 and remained at the helm until 2016, when he was succeeded by his son Galen Weston Jr. The company was founded in 1882 by George Weston and now includes Real Canadian Superstore and Holt Renfrew in Canada, as well as Selfridge’s in the United Kingdom and Brown Thomas in Ireland. Under Galen Weston Sr.’s tutelage, the family became the second wealthiest in Canada, with a net worth of more than C$10 billion.

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