Tuesday 21 September 2021

Tuesday Briefing: Canada's Trudeau wins another minority in election

Tuesday, September 21, 2021

by Linda Noakes

Hello

Here's what you need to know.

The U.N. General Assembly rolls into town, Russia faces assassination accusations, and investors tune in as Universal leaps on its market debut

Today's biggest stories

Canada's Liberal Prime Minister Justin Trudeau, accompanied by his wife Sophie Gregoire and his children Ella-Grace and Xavier, waves to supporters during the Liberal election night party in Montreal, Quebec, Canada, September 21, 2021. REUTERS/Carlos Osorio

WORLD

Canadian Prime Minister Justin Trudeau hung onto power as his main rival conceded defeat, saying he had won a clear mandate to govern although he fell short of his goal for a majority win. Here are five things to watch for from Canada's Liberal minority government.

British police said a third Russian had been charged in absentia with the 2018 Novichok murder attempt on former double agent Sergei Skripal, saying they could also now confirm the three suspects were military intelligence operatives. Meanwhile, the European Court of Human Rights ruled that Russia was responsible for the 2006 killing of ex-KGB officer Alexander Litvinenko who was was poisoned in London with Polonium 210.

Police in Melbourne used pepper balls and rubber pellets to scatter thousands of protesters who defied stay-at-home orders to damage property, block a busy freeway and injure three officers, leading to over 40 arrests. It was the second day of demonstrations in the locked-down Australian city after authorities shut construction sites for two weeks.

Sudanese authorities have foiled an attempted coup, the army said, warding off a challenge to a civilian-military council that has run the country since Omar al-Bashir was overthrown in 2019.

Lava gushing from the Canary Islands' first volcanic eruption on land in 50 years has forced authorities to evacuate another part of El Paso municipality on the island of La Palma and to urge sightseers attracted by the phenomenon to stay away.

U.S. President Joe Biden meets with United Nations Secretary-General Antonio Guterres at the 76th Session of the U.N. General Assembly in New York City, September 20, 2021. REUTERS/Kevin Lamarque

U.S.

President Joe Biden plans to defend his hasty troop withdrawal from Afghanistan today in a speech to the United Nations, arguing it was needed to pivot U.S. policy to focus on a global challenge from China and climate change.

Top Democrats in the U.S. Congress said they would aim to continue funding the government and increase its borrowing authority in a single bill in coming days, setting up a showdown with Republicans who have vowed not to approve more debt.

Under new U.S. rules, foreign nationals admitted to the United States on humanitarian grounds, who are not required to have COVID-19 vaccinations, will have to agree to be vaccinated upon arrival, according to a planning document seen by Reuters.

Medical examiners in North Port, Florida, are scheduled to conduct an autopsy on a body found in Wyoming, seeking to determine if it is Gabby Petito, the 22-year-old "van life" traveler whose disappearance has gripped Americans.

Britain's Prince Andrew has been served with a sexual assault lawsuit in the United States by lawyers for a woman who says she was forced to have sex with him at the London home of a friend of convicted sex offender Jeffrey Epstein, court papers show.

BUSINESS

Default fears continue to stalk China Evergrande Group despite efforts by its chairman to lift confidence in the embattled firm, as markets look for possible intervention by Beijing to stem any domino effects across the global economy. Here's how Evergrande's woes are hitting Japan's toilet, air-conditioner and paint manufacturers.

Universal Music Group's shares leapt more than a third in their stock market debut as investors bet a boom in music streaming still has a long way to run. The world's biggest music label, which represents musicians and song catalogues from Billie Eilish to The Rolling Stones and Bob Dylan, is Europe's largest listing of the year.

Britain is considering offering state loans to energy companies that take on customers from firms which go bust due to soaring wholesale natural gas prices. The record prices have strained the British energy sector, destroying the business model of smaller energy traders and sending shockwaves through the chemical and fertiliser markets, leading to a shortage of carbon dioxide.

Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain's Gerard Pique also investing.

U.S. stocks are experiencing the biggest wave of volatility in months but options traders are showing little appetite for more protection, a sign that at least some of them believe the current selloff will be short-lived.

ROAD TO COP26

Orsted is one of the most highly valued players in the global energy transition. As demand for wind power intensifies, Chief Executive Mads Nipper spoke to Breakingviews' George Hay.

Quote of the day

"What does it mean - America is back? Is America back in America or somewhere else?"

Charles Michel

European Council president

EU backs France in submarine dispute

Video of the day

White House condemns use of whip-like cord on migrants

The White House criticized the use of horse reins to threaten Haitian migrants after images circulated of a U.S. border guard on horseback charging at the migrants near a riverside camp in Texas.

And finally…

Buckle up: Cambodian students build manned drone

Inspired at first by a desire to beat their city's notorious traffic, the students have designed a prototype drone that they hope can eventually be used to ferry people around Phnom Penh and even help fight fires.

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