Global Markets: U.S. Democrats to propose police reforms

By MarketsFarm

WINNIPEG, June 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Congressional Democrats in the United States are set to unveil legislation on Monday to reform police services in the country. Bans on police chokeholds and racial profiling, along with other limitations and oversight for police, are expected to be included in the legislation. The move by the Democrats comes after two weeks of widespread protests across the United States sparked by the killing of George Floyd by police officer in Minneapolis. City councillors in Minneapolis have pledged to dismantle the city’s police force, replacing it with ‘a new model of public safety.’

– COVID-19 social distancing restrictions were starting to lift in Moscow on June 8, with all of Russia partially reopening borders to some travellers. With nearly half-a-million cases, Russia has the third-largest infection rate in the world. However, with only 5,971 deaths there have been some questions over the reporting.

– A treasure chest worth at least US$1 million has been found in the Rocky Mountains after being hidden by antiquities dealer Forrest Fenn a decade ago. Clues to the chest’s location in Fenn’s 2010 autobiography sparked thousands of people to search for the treasure over the years. At least four deaths were linked to the quest, which many had deemed a hoax. The exact location of the treasure and its finder were undisclosed.

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