Global Markets: U.S. Presidential race continues

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

The count to determine the 2020 presidential election continues, with some million votes in key swing states yet to be counted. Democratic nominee Joe Biden has won Arizona, Wisconsin, and Michigan, among others, garnering 264 of the 270 electoral votes required to become president. Pennsylvania, North Carolina, Alaska, Nevada, and Georgia remain up for grabs. The Trump campaign has filed complaints with the Supreme Court, including an attempt to cease vote counting in Michigan yesterday. Legal experts have said it’s doubtful that courts would entertain an attempt to stop counting ballots that were received on or before election day.

The U.S. has formally left the Paris Climate Agreement, making it the first of 200 nations to walk away from promises to reduce greenhouse gas emissions. The U.S. has emitted more cumulative carbon dioxide into the atmosphere than any other country since the industrial era. U.S. emissions rose slightly during the first two years of the Trump administration, as he rolled back carbon pollution limits from vehicles, power plants, and fossil fuel operations. However, the COVID-19 pandemic has led to a short-term reduction in greenhouse gas emissions.

Protestors in Bangladesh are calling for the French embassy to be closed following French Prime Minister Immanual Macron’s defence of free speech in regards to an offensive caricature of the Prophet Muhammad. Muslim-majority countries have been holding protests, but Bangladesh’s nation of 160 million has carried on the largest and most prolonged protests.

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