Global Markets: Bombings in Sri Lanka kill, wound nearly 800

By MarketsFarm

WINNIPEG, April 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– The government of Sri Lanka will impose emergency powers after bombings killed 290 people and wounded approximately 500 others on April 21. The attacks were carried out at churches and luxury hotels in Colombo, the country’s capital city. No group has claimed responsibility. Among the dead were 32 foreigners from the United Kingdom, United States, Turkey, India, China, Denmark, the Netherlands and Portugal.

– Volodymyr Zelenskiy, the comedian who played a teacher who suddenly became President of Ukraine on a TV show, won the country’s presidential election by a landslide on April 21. The 41-year-old Zelenskiy defeated incumbent president Petro Poroshenko with 73 per cent of the vote, largely based on the promise of ridding Ukraine of rampant corruption. The European Union and the U.S. are waiting to see if Zelenskiy will maintain Ukraine’s pro-Western stance or shift more towards Russia.

– Five countries will see their waivers from U.S. sanctions against Iran come to an end on May 2. Since November China, Japan, South Korea, India and Turkey have been exempt from U.S. sanctions on buying Iranian oil. The U.S. imposed the sanctions after President Donald Trump withdrew the country from a nuclear deal with Iran. The waivers gave the five countries time to acquire oil from other sources.

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