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Britain Greenlights Military Action Against Russia’s Shadow Fleet

A French navy boat surrounds the GRINCH oil tanker, intercepted by France in the Alboran Sea on suspicion of operating under a false flag and belonging to Russia's shadow fleet, near Martigues, France. UK Steps Up Pressure on Russian Oil Exports British Prime Minister Keir Starmer has authorised the UK military to board and detain Russian “shadow fleet” tankers , marking the country’s most assertive move yet to disrupt Moscow’s sanctions‑evading oil trade.  The decision aligns Britain with several European nations—including France, Belgium, and Sweden—that have intensified efforts to intercept tankers believed to be helping Russia fund its ongoing war in Ukraine. Starmer said the move was driven in part by rising global oil prices amid the U.S.-Israel conflict with Iran, suggesting Russian President Vladimir Putin was “rubbing his hands” at the market turmoil. What the Authorization Means UK forces can now board Russian vessels in British waters if they refuse to surrender, ...
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Bank of Canada Poised for Another Interest Rate Cut

 

The Bank of Canada (BoC) is widely expected to announce another interest rate cut today, with forecasters leaning towards a half-percentage point reduction. This move would bring the BoC's key rate down to 3.25%, marking the fifth consecutive rate cut since June.

The decision follows the November labour force survey, which showed the unemployment rate rising to 6.8%. The central bank had previously lowered its benchmark interest rate by half a percentage point in October in response to inflation returning to its two percent target.

Governor Tiff Macklem has emphasized that the decision will be data-dependent, and the recent economic indicators have solidified expectations for another significant cut.

The BoC's efforts to manage inflation and support economic growth have been closely watched by market analysts and economists, who are keen to see how these measures will impact the Canadian economy moving forward.




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