By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- As a bill in the United States House of Representatives to ban the social media app TikTok is set to pass with bipartisan support on Wednesday, China warned of repercussions. “This kind of bullying behaviour that cannot win in fair competition disrupts companies’ normal business activity, damages the confidence of international investors…and damages the normal international economic and trade order. In the end, this will inevitably come back to bite the United States itself,” said a Chinese foreign ministry spokesperson. The legislation, which cites national security risks, has provided TikTok’s owner ByteDance the choice of either severing its ties with the Chinese government or become unavailable in the U.S.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian…
- The United Kingdom Office for National Statistics reported on Wednesday the country’s economy expanded in January. The gross domestic production turned around from a 0.1 per cent decline in December to a 0.2 per cent gain in January. The report noted improvements in the retail, wholesale and construction sectors. However, technically the U.K. economy remained in recession.
- Days before Russians are to start heading to the polls, incumbent president Vladimir Putin stated he’s prepared to use nuclear weapons. Putin made the comment over speculation the U.S. could send military troops into Ukraine. “From a military-technical point of view, we are, of course, ready,” he said in an interview on Tuesday. The authoritarian 71-year-old former KGB spy is said to be virtually assured to win another term as president. Russians cast their ballots from March 15 to 17.
