Manitoba urges thousands to evacuate as Canada wildfires spread
FILE PHOTO: Smoke rises from wildfire WE023 near Wanless, Manitoba, Canada May 27, 2025. Manitoba Government/Handout via REUTERS/File Photo
FILE PHOTO: Smoke rises from the WE017 wildfire, which has prompted a state of emergency and evacuation of Sherridon, Manitoba, Canada May 27, 2025. Manitoba Government/Handout via REUTERS/File Photo
Smoke rises from wildfire WE023 near Wanless, Manitoba, Canada May 27, 2025. Manitoba Government/Handout via REUTERS.
Smoke rises from wildfire WE024 which has prompted a pre-evacuation notice in Flin Flon, Manitoba, Canada May 27, 2025. Manitoba Government/Handout via REUTERS
WINNIPEG, Manitoba - Manitoba declared a state of emergency and urged thousands of people in northern and eastern parts of the province to evacuate on Wednesday, as wildfires spread in Central and Western Canada.
Manitoba Premier Wab Kinew said at a news conference that 17,000 people needed to move quickly, including from the city of Flin Flon. Many will be put up at soccer fields and community centers in Winnipeg and other cities, and federal armed forces were arriving to help transport evacuees, he said.
"This is the largest evacuation in many Manitobans' living memory and this will require significant resources and co-operation from all levels of government, Kinew said in a statement.
Separately, wildfires in Alberta province have prompted a temporary shutdown of some oil and gas production and forced residents of at least one small town to evacuate.
Oil producer Cenovus Energy said it was scaling back nonessential workers at its Foster Creek facility in response to the wildfires in northern Alberta.
Cenovus' Foster Creek operation is among a number of oil sands facilities operated by companies with assets in the Bonnyville-Cold Lake region.
That region was affected on Wednesday by wildfires spanning 2,900 hectares (11.2 square miles) near Chipewyan Lake, a small community in the northern part of the province approximately 130 km (81 miles) west of the oil sands hub of Fort McMurray.
Cenovus said it was closely monitoring the evolving wildfire situation and the staffing measure was a precaution.
Alberta government officials said on Wednesday there was no current threat to Chipewyan Lake, but residents have been placed on a one-hour evacuation notice as winds could shift.
Another blaze, nearly 1,600 hectares in size, is burning out of control about 7 km north of Swan Hills, also in the province's north.
The approximately 1,200 residents of Swan Hills were ordered to evacuate on Monday evening. One oil and gas producer in that area, Aspenleaf Energy, said on Monday it had temporarily halted operations as a precaution and shut in approximately 4,000 barrels per day of oil equivalent production. REUTERS
Join ST's Telegram channel and get the latest breaking news delivered to you.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
34 minutes ago
- Business Times
British home prices to rise 3.5% this year; government to miss 5-year building target
[LONDON] The outlook for British home prices has barely changed in the last three months on steady expectations for falling borrowing costs, according to a Reuters poll of property experts who said the government would achieve around two-thirds of its construction target. Labour Prime Minister Keir Starmer has vowed to build 1.5 million homes over parliament's term, which ends in mid-2029 at the latest, but the poll median found the government would manage around only a million. None of the 11 respondents to an additional question saw the goal being fully met. Responses ranged from 700,000 to 1.3 million. 'The government's pledge of 1.5 million homes by the end of 2029 is a fantasy,' said Russell Quirk at estate agency eMoov, who predicted a range of 950,000-1,050,000. 'The top 10 house builders neither have the capacity nor the P&L (profit and loss) motivation to deliver.' There were around 817,000 housing completions in the five years to 2024, according to government data. The last time there were more than 1 million homes completed in a comparable period was in 1976-1981. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up British homebuilder Persimmon did, however, say in March it would construct more houses this year and target improved margins after 2024 profit beat expectations, while rival Barratt Redrow last month reiterated its target to build around 17,000 homes this year. With homes in short supply, the cost of buying one is expected to increase. Nationally, home prices were predicted to rise 3.5 per cent this year, matching a February forecast but above predictions in another Reuters poll for overall inflation of 3.0 per cent. Next year they will increase 4.0 per cent and in 2027 3.5 per cent, the May 19-29 poll of 19 housing market experts predicted. In London, house prices were seen rising 3.0 per cent this year, 4.0 per cent next and 3.8 per cent in 2027. Asked what would happen to affordability for first-time buyers hoping to get on the property ladder, all but two of 15 said it would improve. 'Generally, mortgage affordability will improve for first-time buyers over the course of 2025,' said Scott Cabot at real estate services firm CBRE. 'A continued fall in the base rate, along with an increasingly competitive mortgage market, will generally drive lower mortgage rates in 2025.' The Bank of England is expected to stick to one interest rate cut per quarter this year, with the next likely in August and then in November, ending 2025 at 3.75 per cent compared with 5.25 per cent before the reductions began. Urban rents were seen rising even faster than home prices, making it harder for new buyers to save money for a deposit usually needed to get a mortgage. Many people, especially the young, prefer to live in cities. Nationally, urban rents were expected to increase 4.3 per cent this year while in the capital they will rise 3.7 per cent. 'We expect rents to outpace inflation over the next few years, predominantly due to the lack of supply in the rental sector, but also due to higher costs eroding landlords' profit margins,' said Aneisha Beveridge at estate agency Hamptons. The government's planned Renters' Rights Bill will put additional conditions on landlords while tax changes will also have an impact, prompting some to leave the market. Britain's housing market slowed in April after the end of a temporary tax break on home purchases which had seen buyers rush to complete transactions in previous months, the Royal Institution of Chartered Surveyors said earlier this month. REUTERS

Straits Times
an hour ago
- Straits Times
Under US pressure, Liechtenstein seeks fix for stranded Russian wealth
A flag of Liechtenstein flutters in front of the Vaduz Castle near Vaduz, Liechtenstein, March 3, 2025. REUTERS/Denis Balibouse/File Photo A sign of the Principality of Liechtenstein is seen in front of the Vaduz Castle in Vaduz, Liechtenstein, March 3, 2025. REUTERS/Denis Balibouse/File photo A view of the State Parliament and government buildings in Vaduz, Liechtenstein, March 3, 2025. REUTERS/Denis Balibouse/File Photo VADUZ, Liechtenstein - Liechtenstein is examining tightening control of scores of Russian-linked trusts abandoned by their managers under pressure from Washington, according to several people familiar with the matter. The country, one of the world's smallest and richest, is home to thousands of low-tax trusts, hundreds of which have links to Russians, two of the people with direct knowledge of the matter said, putting it in the crosshairs of Western efforts to sanction Moscow. Since Russia's invasion of Ukraine, the U.S. Treasury has sanctioned several individuals and trusts in Liechtenstein it said were linked to Russian oligarchs, including Vladimir Potanin, and a long-time ally of Russian President Vladimir Putin, Gennady Timchenko. The U.S. Treasury had no immediate comment. Potanin's Interros holding company did not respond to a request for comment, while Timchenko could not be reached. That sanctioning has prompted other directors fearing such punishment to quit hundreds of Russian-linked trusts, according to several people familiar with the matter, exposing a far wider problem with Russian money in the tiny country with a population of about 40,000. The episode, in a sleepy Alpine enclave ruled by a billionaire royal family, also shows how deep and opaque Russia's business ties to Europe remain more than three years after Russia's invasion of Ukraine. It is a setback for the microstate that had long sought to shed its image as a safe haven for foreign wealth. The mass resignations have put scores of trusts in limbo, essentially freezing swathes of Russian wealth. The trusts are the linchpin for fortunes, including yachts or property, that are scattered around the globe. Their suspension puts that property beyond reach, a further potential lever over Russia, amid attempts by U.S. President Donald Trump to strike a peace deal. Reuters has spoken to several people with direct knowledge of these events, who asked not to be identified because of the sensitivity of the matter. They outlined how a push by Washington had led scores of directors to quit trusts with links to Russia and how the government was scrambling to resolve the crisis. Liechtenstein's newly elected government is seeking to fix the issue, according to people familiar with the matter, underscoring the continued pressure from Washington over Russia sanctions, despite U.S. President Donald Trump's earlier suggestions he could ease them. Liechtenstein also sees its handling of sanctions enforcement as something that could influence its government's efforts to lower newly imposed U.S. tariffs on exports, said one person with direct knowledge of the discussions. A Liechtenstein government official said 475 trusts were affected by the defections, although added that not all were linked to Russians or sanctioned individuals. That official said Liechtenstein's justice department was seeking to install new managers to 350 trusts, while 40 were being liquidated and unsuccessful attempts had been made to appoint a liquidator to further 85 trusts. This episode strikes at the trust industry, a critical pillar of Liechtenstein's roughly 770 billion franc ($930 billion) financial centre that underpins the country's economy. Local banks, the government official said, were also affected, without elaborating. Banks are particularly vulnerable because the United States has the power to throttle them by cutting off their access to the dollar, threatening a wider crisis. The episode has confronted the country with its biggest crisis since 2008, when leaked customer data at LGT Bank, owned by the country's princely family, exposed widespread tax evasion. The government is now examining options to centralise the management of the deserted trusts under its watch and tightening supervision of trusts. The Liechtenstein official also said the country's authorities were in contact with their international counterparts and that no trust assets would be released to sanctioned individuals. Liechtenstein, sandwiched between Switzerland and Austria, is dominated by its royal family, whose castle towers over the parliament. It is tied closely to Switzerland, using its franc currency, but also enjoys freedom to do business in the European Union's single market. The country, criticised for hiding the fortunes of the wealthy in the past, had reformed and joined the International Monetary Fund. Once home to roughly 80,000 tax trusts, it now hosts about 20,000, said two people familiar with the matter - equivalent to roughly one trust for two residents. Pressure on Liechtenstein follows a similar push against neighbouring Austria and Switzerland. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

Straits Times
an hour ago
- Straits Times
Chip design software firm Synopsys halts China sales due to new US export curbs
Chinese chip design customers rely heavily on top-of-the-line US software from companies like Synopsys. PHOTO: REUTERS BEIJING - Semiconductor design software firm Synopsys has told staff in China to halt services and sales in the country and stop taking new orders to comply with new US export restrictions, according to an internal letter reviewed by Reuters. The United States has ordered a broad swathe of companies to stop shipping goods to China without a licence and revoked licences already granted to certain suppliers, Reuters reported on May 28, citing people familiar with the matter. Products affected include design software and chemicals for semiconductors, they said. Synopsys on May 29 suspended its annual and quarterly forecasts after it received a letter from the Bureau of Industry and Security of the US Department of Commerce, informing it of new export restrictions related to China. The internal letter sent to staff in China on May 30 said 'based on our initial interpretation, these new restrictions broadly prohibit the sales of our products and services in China and are effective as of May 29, 2025.' To ensure compliance, Synopsys said it was blocking sales and fulfillment in China and halting new orders until it receives further clarification. The measures affect all customers in China, including employees of global customers working at sites in China and Chinese military users wherever they are located, the letter added. The steps Synopsys is taking in light of the new restrictions have not been previously reported. Synopsys did not immediately reply to a request for comment. Alongside Cadence and Siemens EDA, Synopsys is among the top three companies that dominate electronic design automation (EDA) software that chipmakers can use to design semiconductors used in everything from smartphones to computers and cars. Restricting Chinese firms' access to EDA tools would be a big blow to the industry as Chinese chip design customers heavily rely on top-of-the-line US software. Synopsys, Cadence and Siemens's Mentor Graphics control more than 70 per cent of China's EDA market, Chinese state news agency Xinhua reported in April. Chinese companies that have said they use Synopsys and Cadence software include design firm Brite Semiconductor, Zhuhai Jieli and semiconductor IP portfolio provider VeriSilicon. The letter sent to staff in China on May 30 also said that Chinese customers' access to its customer support portal SolvNetPlus had been disabled. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.