Global Markets: Belarus faces ban from airlines

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

– Several airlines including Lufthansa, KLM, SAS, Air France, LOT and Singapore Airlines have decided to avoid flying over Belarussian airspace, while countries across Europe have stopped welcoming planes from the nation after a plane was forced to land before arresting a dissident journalist. On Sunday, a Ryanair flight from Greece to Lithuania was escorted by a Belarussian war plane to land in Minsk, where Roman Protasevich and a 23-year-old student travelling with him were promptly arrested. A video was released on Monday night showing Protasevich confessing to organizing demonstrations against Belarus President Alexander Lukashenko. NATO Secretary-General Jens Stoltenberg has called the act “a state hijacking.”

– Days after a ceasefire was declared between Israel and Palestinian militant group Hamas, United States Secretary of State Anthony Blinken said in Jerusalem on Tuesday he will “rally international support” to aid Gaza without helping Hamas. Blinken landed in Israel earlier in the day and later had a meeting with Israeli Prime Minister Benjamin Netanyahu. He will not meet with Hamas leadership, but will later meet with Palestinian President Mahmoud Abbas in the West Bank city of Ramallah.

– Moderna is claiming its COVID-19 vaccine can strongly protect children as young as 12-years-old from the virus and is asking the U.S. Food and Drug Administration to approve its use for that age group. The company claims the shot was 93 per cent effective two weeks after the first dose. Despite problems vaccinating adults, especially in developing nations, Moderna’s vaccine is hoping to become the second approved in the U.S. after Pfizer-BioNTech’s for children.

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