Amid growing bipartisan uproar over Beijing’s violation of U.S. sovereignty, a Chinese spokesperson issued a veiled threat vowing that Beijing would “resolutely safeguard its legitimate rights and interests” over the Pentagon’s shooting down of a suspected Chinese spy balloon. The spy balloon was first located on Feb. 1 floating over Montana, where it loitered over sensitive…
CCP Threatens US for Shooting Down Spy Balloon Amid Bipartisan Alarm Over China Threat
Are China and Japan Destined for War?
Commentary As I write this, relations between China and Japan are at their lowest point in 50 years. Fumio Kishida, the prime minister of Japan, recently accused China of aggressively infringing on Japan’s sovereignty and escalating tensions in the region. Now, as the two neighbors vie for influence in East Asia and beyond, some commentators…
Ukrainian Community in Canada Hopeful but on Edge as Tensions Escalate With Russia
Iryna Matsiuk checks the news as soon as she wakes up each morning, hoping the escalating Russian-Ukrainian crisis won’t put her family in harm’s way. Matsiuk, who has been living in Saskatoon since 2011, has a sister living in the capital city of Kyiv and her mother and grandmother live in the northwestern area of…
Wall Street Opens Higher on Signs of Easing Geopolitical Tensions
Wall Street’s main indexes opened higher on Tuesday, with the Nasdaq up more than 1 percent, as Moscow’s withdrawal of some troops near Ukraine assuaged fears of a potential Russian invasion slightly. The Dow Jones Industrial Average rose 120.02 points, or 0.35 percent, at the open to 34,686.19. The S&P 500 opened higher by 27.61…
Oil Steadies Near Seven-Year High on Ukraine-Russia Tensions
LONDON—Oil steadied on Monday after earlier hitting its highest in more than seven years on fears that a possible Russian invasion of Ukraine could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top producers. Brent crude was up 11 cents, or 0.1 percent, at $94.55 a barrel by 1107…
Oil Prices Rebound as Growing Political Tensions Fuel Supply Fears
LONDON—Oil prices bounced back on Tuesday, recovering some of the previous day’s losses, as growing tension in Eastern Europe and the Middle East fuelled concerns over possible supply disruptions in an already tight market. Brent crude futures rose $1.21, or 1.5 percent, to $87.52 a barrel at 0946 GMT, reversing a 1.8 percent fall in…
Federal Government Investigating Cyberattack Amid Tensions With Russia
OTTAWA—Federal cybersecurity agencies confirmed Monday a recent cyberattack against Global Affairs Canada amid escalating tensions over a potential Russian invasion of Ukraine. The federal government is not saying who it suspects was behind the Jan. 19 attack, which has left some diplomats without access to some online services almost a week later. But the attack…
Wall Street Drops at Open as Ukraine Tensions Weigh at Start of Crucial Week
U.S. stock indexes dropped at open on Monday, extending last week’s bruising selloff, as concerns about soaring tensions between Russia and the West over Ukraine hit risk appetite ahead of a key Federal Reserve policy meeting later this week. The Dow Jones Industrial Average fell 194.76 points, or 0.57 percent, at the open to 34,070.61….
Futures Slide as Ukraine Tensions Weigh at Start of Crucial Week
Wall Street’s main indexes were set to fall on Monday after a bruising selloff last week, as the prospect of a Russian attack on Ukraine roiled global markets ahead of a Federal Reserve policy meeting later this week. The highly anticipated meeting concludes on Wednesday and the market will pay close attention to how worried…
Ukraine Tensions Lift Dollar, Yuan Holds Firm
LONDON—The dollar rose to a two-week high on Monday against a basket of currencies, lifted by the tension between Russia and the West over Ukraine and the possibility of a more hawkish stance from the Federal Reserve this week. Markets were until recently not fretting about the massing of Russian troops on Ukraine’s borders, but…
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