

Carney Wins In Canada, Spain Blackout Mystery, Trump's First 100 Days
Apr 29, 2025
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Carney's Narrow Victory Challenges
- Mark Carney's Liberals won a fourth term but with a narrow margin, likely lacking a clear majority.
- Carney must build coalitions while confronting a tougher US trade environment under Trump.
Iberian Blackout Reveals Grid Fragility
- The massive blackout in Spain and Portugal remains unexplained despite widespread disruption.
- The event exposes the fragility of Europe's power grid during renewable energy transitions.
HSBC Profits Amid Trade Tensions
- HSBC beat profit estimates and announced a $3 billion share buyback, despite geopolitical risks.
- Its exposure to US-China tensions and dollar clearing makes its strong performance notable.