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Global Markets: U.S./U.K. launch attacks on Yemen

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Published: January 12, 2024

By Phil Franz-Warkentin

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.

 

  • The United States and United Kingdom launched dozens of airstrikes across Yemen overnight in retaliation against Houthi forces backed by Iran who have been attacking ships moving through the Red Sea. “These targeted strikes are a clear message that the United States and our partners will not tolerate attacks on our personnel or allow hostile actors to imperil freedom of navigation,” said U.S. President Joe Biden. The Houthis have vowed retaliation and a continuation of their disruption of shipping lanes.
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  • Winter storms continued to disrupt travel across the U.S. on Friday, with more than 1,200 flights cancelled and hundreds delayed. “We expect some operational challenges due to the weather in the Midwest today and potentially tomorrow due to the winter weather in the region,” said Delta Air Lines in a statement.

 

  • Taiwan will hold presidential and parliamentary elections over the weekend, with the ruling Democratic Progressive Party (DPP) looking to secure a third term in office. Taiwan held its first presidential election in 1996, but China has always rejected the island’s sovereignty claims. China’s defence ministry has warned it will “smash any Taiwan independence plots.”

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