Markets tumble as Canada’s prime minister Mark Carney announces death of ‘rules-based order’European leaders prepare to discuss options as trade war with US loomsMark Carney, Canada's prime minister, during the World Economic Forum in Davos, Switzerland, on Tuesday. Photo: BloombergDonal O’Donovan Yesterday at 06:30The dollar fell, stocks tumbled and gold hit fresh highs yesterday as US president Donald Trump doubled down on threats to annex Greenland from Nato-ally Denmark. US borrowing costs also rose.

Source: Irish Independent January 21, 2026 17:36 UTC