Business
Buy now, pay later holiday shopping spree could lead to financial hangover: experts
By Rosa Saba, The Canadian Press on November 17th, 2022
Angelica Carolino is ready to start shopping for the holidays – because she’s not going to pay for it all up front. As inflationary pressures weigh on consumers, the Toronto-based international student and mother of three is one of many turning to buy now, pay later (BNPL) services this gift-giving season. There’s been an increase ... Read More »
Be the first to comment!Stocks fall as Fed signals rates need to go still higher
By Yuri Kageyama And Matt Ott, The Associated Press on November 17th, 2022
NEW YORK (AP) – Stocks are opening lower on Wall Street and Treasury yields are rising after more indications from the Federal Reserve that the central bank may need to raise interest rates much higher than many people expect to get inflation under control. The Fed has been raising rates aggressively in order to tame ... Read More »
Be the first to comment!MH17 verdicts: 2 Russians, 1 Ukrainian convicted of murders
By Mike Corder And Raf Casert, The Associated Press on November 17th, 2022
SCHIPHOL, Netherlands (AP) – A Dutch court has convicted two Russians and a Ukrainian of the murders of 298 people who died in the 2014 downing of Malaysia Airlines flight MH17 over Ukraine. One Russian was acquitted for lack of evidence. Presiding Judge Hendrik Steenhuis said that evidence presented by prosecutors at a trial that ... Read More »
Be the first to comment!Ballard receives order for 25 fuel cell engines from European company
By The Canadian Press on November 17th, 2022
VANCOUVER – Ballard Power Systems says it has received an order for 25 hydrogen fuel cell engines from a European bus manufacturer. The company says the order is from Solaris Bus & Coach, a repeat customer. Financial terms of the agreement were not immediately available. The fuel cells will be installed in Solaris’ Urbino 12 ... Read More »
Be the first to comment!New CEO of FTX blasts its handling of financial information
By Michelle Chapman, The Associated Press on November 17th, 2022
The new CEO of the collapse cryptocurrency trading firm FTX, who oversaw Enron’s bankruptcy, said he has never seen such a “complete failure” of corporate control. John Ray III, in a filing with the U.S. bankruptcy court for the district of Delaware, said there was a “complete absence of trustworthy financial information.” “Never in my ... Read More »
Be the first to comment!UK push to restore finances means higher taxes, energy bills
By Danica Kirka, Jill Lawless And Sylvia Hui, The Associated Press on November 17th, 2022
LONDON (AP) – Millions of British people face higher taxes and steeper energy bills after the government announced an emergency budget on Thursday aimed at restoring the country’s economic credibility and shoring up its battered public finances. Treasury chief Jeremy Hunt promised to protect the most vulnerable, including pensioners and those on low incomes, and ... Read More »
Be the first to comment!UK boosts windfall energy tax as it seeks to balance budget
By Danica Kirka, Jill Lawless And Sylvia Hui, The Associated Press on November 17th, 2022
LONDON (AP) – The British government increased a tax on the windfall profits of energy companies as part of a 55 billion pound ($65 billion) package of tax increases and spending cuts in an emergency budget designed to restore the nation’s economic credibility and patch up its battered finances. At the same time, Treasury chief ... Read More »
Be the first to comment!Deal on Ukrainian grain exports during war to be extended
By Suzan Fraser, The Associated Press on November 17th, 2022
ANKARA, Turkey (AP) – A wartime agreement that allowed grain shipments from Ukraine to resume and helped temper global food prices will be extended by 120 days, the United Nations and other parties to the deal said Thursday. The initiative established a safe shipping corridor in the Black Sea and inspection procedures to address Russian ... Read More »
Be the first to comment!UK increases windfall tax on profits of oil, gas companies
By Danica Kirka, Jill Lawless And Sylvia Hui, The Associated Press on November 17th, 2022
LONDON (AP) – Britain’s Treasury chief says he’s increasing the windfall tax on the profits of oil and natural gas companies as he announced an emergency budget aimed at restoring the nation’s economic credibility and patching up its battered finances. Jeremy Hunt said Thursday that the windfall tax will rise from 25% to 35% from ... Read More »
Be the first to comment!Russia launches new Ukraine barrage as grain deal extended
By John Leicester, The Associated Press on November 17th, 2022
KYIV, Ukraine (AP) – Russian airstrikes inflicted more damage on Ukraine on Thursday, with the latest barrage smashing into energy infrastructure, apartment buildings and an industrial site. At least four people were killed and 11 others wounded in drone and missile strikes around the country, authorities said. Separately, U.N. Secretary-General António Guterres announced an extension ... Read More »
Be the first to comment!Trudeau’s Indo-Pacific tour stops in Thailand with trade focus
By Dylan Robertson, The Canadian Press on November 17th, 2022
BANGKOK – Prime Minister Justin Trudeau has arrived in Thailand for meetings aimed at expanding Canada’s trade with the Indo-Pacific region. The Asia-Pacific Economic Cooperation forum is a group of 21 economies on both sides of the Pacific that work together to break down barriers to trade. Trudeau is attending the APEC leaders’ meeting Thursday ... Read More »
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