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Global Markets: Humanitarian crisis in Ethiopia

By MarketsFarm

WINNIPEG, Nov. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– A “full-scale humanitarian crisis” in unfolding in Ethiopia’s northern Tigray region, according to the United Nations, as at least 27,000 people have fled the fighting into neighbouring Sudan. Ethiopia’s Prime Minister Abiy Ahmed, who won the Nobel Peace Prize in 2019, has warned that a “final and crucial” military operation will be launched against the Tigray Special Forces and militia in the region after a three-day ceasefire expired on Tuesday. Last week, Tigrayan forces fired rockets into Eritrea, escalating the conflict.

– Hurricane Iota made landfall on Nicaragua as a Category 4 storm, weakening slightly as it hit the same area still dealing with the aftermath of Hurricane Eta.

– Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey are set to testify before a United States congressional hearing on Tuesday. Republican lawmakers summoned the executives over accusations that their social media platforms censored conservative speech.

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