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Bolsonaro Arrested in Brasília Before Supporters’ Vigil

  A supporter of Brazil's former President Jair Bolsonaro holds a Brazilian flag, outside the Brazilian Federal Police Regional Headquarters, where Bolsonaro was taken after being placed in police custody as a preventative measure. Former Brazilian president Jair Bolsonaro was taken into federal police custody on Saturday, just days before he was set to begin serving a 27-year prison sentence for plotting a coup attempt following his 2022 election defeat. The arrest occurred in Brasília, where supporters had planned a vigil outside his residence. Bolsonaro had been under house arrest since August, confined to his home while appealing a Supreme Court conviction. Justice Alexandre de Moraes, who oversees the case, ordered the detention citing concerns that a gathering of supporters could obstruct police monitoring. Authorities also noted evidence of tampering with Bolsonaro’s electronic ankle bracelet, raising suspicions of a possible escape attempt. The former president’s lawyer,...
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Global Outage Sends Markets Tumbling: S&P/TSX and U.S. Indices Drop


The S&P/TSX composite index closed lower on Friday, reflecting a broader downturn in global markets. The index fell by 36.37 points to settle at 22,690.39. This decline was part of a larger trend, as U.S. markets also experienced significant losses.

The downturn was largely attributed to a global outage caused by a faulty software update from CrowdStrike, which affected numerous companies and organizations worldwide. In the U.S., the Dow Jones Industrial Average dropped 377.49 points to 40,287.53, while the S&P 500 and Nasdaq composite indices fell by 39.59 points and 144.28 points, respectively.

The Canadian dollar also saw a slight decrease, trading at 72.85 cents U.S., down from 73.01 cents U.S. on Thursday. Commodity markets were not spared, with crude oil prices dropping by $2.66 to $78.64 per barrel, and gold prices falling by $57.30 to $2,399.10 an ounce.

This market reaction underscores the interconnected nature of global financial systems and the widespread impact that technological disruptions can have on economic stability.


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