By Phil Franz-Warkentin
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Nearly a dozen Ukrainian energy infrastructure facilities were struck by Russian missiles and drones Wednesday, resulting in blackouts in several regions, according to reports. Ukraine’s military claimed to have shot down 39 of the 55 missiles launched and 20 of the 21 drones in what was described as the largest Russian attack in weeks.
- Israel has reopened the Kerem Shalom crossing into Gaza after the key corridor was closed for two days, although no humanitarian aid has yet entered the Palestinian territory as aid workers fled the area during the Israeli military incursion.
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- Collapsed cryptocurrency exchange FTX will pay back the US$11.2 billion it owes to its creditors roughly two years after fraud allegations came to light and the company went bankrupt. FTX estimates that once its remaining assets are sold off it will have between US$14.5 and US$16.3 billion to distribute to former customers, with some creditors also expected to receive supplemental interest payments. FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison in March for defrauding customers and investors.
