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Ukraine Faces Deepening Power Shortages After Russian Strikes

A resident shows a journalist where a Russian drone struck the roof of an apartment building, depriving its residents of water, heat and electricity, in Kyiv. Ukraine is confronting one of its most severe energy shortfalls since the start of the full‑scale invasion, with the country currently able to supply only about 60% of its electricity needs. A new wave of Russian missile and drone attacks has heavily damaged power plants and transmission infrastructure across multiple regions, pushing the grid to the brink. Officials report that nearly every major power‑generating facility has been hit in recent weeks. Cities such as Kyiv, Kharkiv, Odesa, and Dnipro have experienced rolling blackouts, leaving millions of residents coping with limited heating, lighting, and communications during the winter season. Ukraine’s government has warned that the situation remains extremely challenging. Engineers are working around the clock to repair damaged facilities, but repeated strikes have slowed...
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Canada and China Strike New Trade Deal Linking EVs and Canola

Prime Minister Mark Carney meets with President of China Xi Jinping at the Great Hall of the People in Beijing, China on Friday, Jan. 16, 2026. 

Canada and China have reached a new tariff agreement that ties together two major sectors: electric vehicles and agricultural exports. The deal marks a notable shift in the countries’ economic relationship after years of tension.

Under the arrangement, Canada will permit up to 49,000 Chinese-made electric vehicles to enter the market at the standard tariff rate. In return, China will reduce duties on Canadian canola seed to 15% by March and eliminate tariffs on canola meal, lobsters, crabs, and peas for the remainder of the year.

Canadian officials describe the agreement as a pragmatic step toward stabilizing ties and expanding trade opportunities. The move could reshape Canada’s EV market by introducing more competitively priced Chinese models, while also restoring valuable access for Canadian farmers to one of their most important export destinations.

The deal signals a more interest-driven approach to China and may lay the groundwork for broader cooperation in clean energy, agriculture, and investment.


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