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Global Markets: Gulf leaders sign agreement

By MarketsFarm

WINNIPEG, Jan. 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Gulf leaders have signed a ‘solidarity and stability’ agreement at a summit in Saudi Arabia, ending a three-year long dispute between Qatar and a group of countries led by Saudi Arabia. Leaders of the six-member Gulf Cooperation Council signed the Al-Ula declaration, named after the Saudi city where the summit is being held. Saudi Arabia, Bahrain, Egypt, and the United Arab Emirates had cut diplomatic ties with Qatar in June 2017, accusing the country of supporting terrorism and being too close to Iran.

– The United Kingdom is imposing strict new lockdown measures to slow the spread of the more transmissible variant of COVID-19. Japan is also considering imposing a state of emergency in the Tokyo area, as daily cases hit new records.

– Numerous Canadian politicians and officials of are facing calls for their resignations as more-and-more details of holiday travel, despite pandemic restrictions, come out. Alberta MLA Tracy Allard has already resigned, amid news of her trip to Hawaii over Christmas. Most of the outed politicians so far have ties to conservative parties, although numerous Liberal and NDP politicians are also facing scrutiny for their travel.

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