Global Markets: Fighting rages between Armenia, Azerbaijan

By MarketsFarm

WINNIPEG, Sept. 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Fighting continued for a third day in the border clash between Armenia and Azerbaijan, which has presently killed dozens of soldiers plus 11 civilians. The countries are fighting over the Nagorno-Karabakh region of Azerbaijan in which the majority of the population is ethnic Armenian. France launched a diplomatic effort on Tuesday to halt the fighting before it becomes a full scale war, calling on its Minsk Group partners, Russia and the United States to help it bring the warring sides to the negotiation table. Armenia and Azerbaijan previously fought a protracted war over the Nagorno-Karabakh during the 1990’s.

– Incumbent U.S. President Donald Trump and Democratic challenger, former Vice-President Joe Biden, are scheduled to square off this evening in Cleveland, Ohio, in their first televised debate. Political pundits widely believe the debate will turn into verbal donnybrook as the two attempt to debate the U.S. response to the COVID-19 pandemic, the economy, racial justice and the nomination of a new Supreme Court justice. Millions of U.S. voters have already cast their ballots in advance and voting day is Nov. 3.

– The Emir of Kuwait, Sabah al-Ahmad al-Jaber al-Sabah died on Tuesday at the age of 91. He ascended to the Kuwaiti throne in 2006, having previously served as the oil-rich country’s long-time foreign minister and three years as prime minister. Al Jazeera stated Sabah was known as a peacemaker in the region, pushing for an end to the regional boycott of Qatar for its liberal policies, and hosting donor conferences for war-torn countries such Iraq and Syria. He had a number of health issues and was flown to the U.S. in July for medical treatment. His designated successor is Crown Prince Sheikh Nawaf al-Ahmad al-Sabah.

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