Business
Bank of England keeps key interest rate steady and avoids explicit signals that cuts are imminent
By Pan Pylas, The Associated Press on March 21st, 2024
LONDON (AP) – The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% on Thursday even though inflation continues to drop from multi-decade peaks. The decision was widely anticipated in financial markets and comes a day after the U.S. Federal Reserve also left its key interest rate unchanged. But ... Read More »
Be the first to comment!Bank of England keeps key interest rate steady and doesn’t signal cuts are ahead
By Pan Pylas, The Associated Press on March 21st, 2024
LONDON (AP) – The Bank of England has kept its main interest rate unchanged at a 16-year high of 5.25% even though inflation continues to drop from multi-decade peaks. Thursday’s decision was widely anticipated in financial markets and comes a day after the U.S. Federal Reserve also left its key interest rate unchanged. Unlike the ... Read More »
Be the first to comment!Businesses worried about ESG fraud as stakeholder pressure mounts: KPMG poll
By The Canadian Press on March 21st, 2024
TORONTO – Embargoed until 6 am EST KPMG says businesses are increasingly concerned about ESG fraud, which is when a company’s environmental, social and governance efforts or data are exaggerated, embellished, or distorted. In a new survey of 300 Canadian organizations, KPMG found that 89 per cent of respondents say they’re facing intense scrutiny from ... Read More »
Be the first to comment!South Korea will take final steps to suspend licenses of striking junior doctors starting next week
By Hyung-jin Kim, The Associated Press on March 20th, 2024
SEOUL, South Korea (AP) – South Korea’s government will take final steps to suspend the licenses of striking junior doctors next week as they refuse to end their weekslong walkouts that have burdened the country’s medical services, officials said Thursday. More than 90% of the country’s 13,000 medical interns and residents have been on strike ... Read More »
Be the first to comment!More Canadians have poor mental health. The economy is partly to blame, survey says
By Nicole Ireland, The Canadian Press on March 20th, 2024
The double whammy of the COVID-19 pandemic and economic stressors is taking a toll on the mental health of Canadian adults, according to new data released by the Canadian Institute for Health Information on Thursday. An international survey conducted in 10 high-income countries by The Commonwealth Fund found that 29 per cent of Canadians aged ... Read More »
Be the first to comment!South Korea will suspend the licenses of striking junior doctors starting next week
By Hyung-jin Kim, The Associated Press on March 20th, 2024
SEOUL, South Korea (AP) – South Korea’s government will start suspending the licenses of striking junior doctors next week as they refuse to end their weekslong walkouts that burdened the country’s medical services, officials said Thursday. More than 90% of the country’s 13,000 medical interns and residents have been on strike for about a month ... Read More »
Be the first to comment!Angela Chao, Mitch McConnell’s sister-in-law, was drunk when she drove into pond, police say
By The Associated Press on March 20th, 2024
JOHNSON CITY, Texas (AP) – Angela Chao, a shipping industry CEO and sister-in-law to Senate Minority Leader Mitch McConnell, was intoxicated when she drove into a pond and died last month in Texas, according to a law enforcement report released Wednesday. The investigation by the Blanco County Sheriff’s Office concluded that Chao’s death was an ... Read More »
Be the first to comment!China-based Canadian man accused of selling trade secrets of electric vehicle company
By The Canadian Press on March 20th, 2024
American prosecutors say a Canadian national living in China stole trade secrets from a leading U.S.-based electric vehicle company to set up a competing battery business. The U.S. Attorney’s Office in Brooklyn, New York, says Klaus Pflugbeil was arrested March 19 after allegedly transmitting stolen trade secrets to an undercover agent who was posing as ... Read More »
Be the first to comment!Reddit poised to make its stock market debut after IPO prices at $34 per share amid strong demand
By Michael Liedtke, The Associated Press on March 20th, 2024
SAN FRANCISCO (AP) – Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion after the social media platform’s initial public offering was priced at $34 per share. The price announced late Wednesday came in at the top end of the target range set by Reddit’s investment ... Read More »
Be the first to comment!Alimentation Couche-Tard reports lower earnings amid economic headwinds
By The Canadian Press on March 20th, 2024
LAVAL, Que. – Alimentation Couche-Tard Inc. says net earnings attributable to shareholders totalled US$623.4 million in its third quarter, down 15.5 per cent from US$737.4 million a year earlier. The Laval, Que.-based company, which reports in U.S. dollars, says revenues for the quarter ended Feb. 4 were US$19.6 billion, down from US$20.1 billion during the ... Read More »
Be the first to comment!‘Stay the hell away from our kids’: Holland warns big tobacco about nicotine pouches
By The Canadian Press on March 20th, 2024
OTTAWA – Health Minister Mark Holland is promising a major crackdown on nicotine pouches, which he says are being marketed to children. Holland accuses Imperial Tobacco of exploiting a loophole to get Health Canada approval for its oral nicotine patch by branding it as an aid to quit smoking. He charges that the product is ... Read More »
Be the first to comment!
