Business
European Central Bank leaves rates unchanged as world’s central banks wrestle with when to cut
By David Mchugh, The Associated Press on April 11th, 2024
FRANKFURT, Germany (AP) – The European Central Bank left its key interest rate benchmark unchanged Thursday, choosing to wait for confirmation that rapidly receding inflation is firmly under control before cutting rates to support an economy that’s struggling to grow. The bank’s rate-setting council said in its post-decision statement that, “Most measures of underlying inflation ... Read More »
Be the first to comment!Entry to housing market feels out of reach for 76% of non-owners: CIBC poll
By The Canadian Press on April 11th, 2024
TORONTO – A new poll done for CIBC says 76 per cent of Canadians who don’t own a property say entry to the housing market feels out of reach. The bank says the online survey done in February found that 70 per cent of non-owners cited overpriced markets as one of the main barriers to ... Read More »
Be the first to comment!Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case
By Aniruddha Ghosal, The Associated Press on April 11th, 2024
HANOI, Vietnam (AP) – Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud ... Read More »
Be the first to comment!China sanctions 2 U.S. defense companies and says they support arms sales to Taiwan
By Associated Press, The Associated Press on April 11th, 2024
BEIJING (AP) – China on Thursday announced rare sanctions against two U.S. defense companies over what it said is their support for arms sales to Taiwan, the self-governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement freezes the assets of General Atomics Aeronautical Systems and General ... Read More »
Be the first to comment!China sanctions 2 U.S. companies over ‘support for arms sales to Taiwan’
By Associated Press, The Associated Press on April 11th, 2024
BEIJING (AP) – China on Thursday announced sanctions against two U.S. companies over what it says is their support for arms sales to Taiwan, the self governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics ... Read More »
Be the first to comment!Vietnam sentences real estate tycoon Truong My Lan to death in its largest ever fraud case
By Aniruddha Ghosal, The Associated Press on April 11th, 2024
HANOI, Vietnam (AP) – Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh city in southern Vietnam in the country’s largest financial fraud case ever, state media Thanh Nien said. The 67-year-old chair of the real estate company Van Thinh Phat was accused of fraud amounting ... Read More »
Be the first to comment!Air Canada resumes flights to Israel after six-month pause due to Israel-Hamas war
By The Canadian Press on April 10th, 2024
MONTREAL – Air Canada has resumed service between Canada and Israel following a six-month pause. The airline says flights between Toronto and Tel Aviv resumed April 9, and a once-weekly flight between Montreal and Tel Aviv will resume in May. The Montreal-based Air Canada, like most other international carriers, suspended service to Ben Gurion International ... Read More »
Be the first to comment!Mischief trial hears Mounties tried to convince Alberta border protesters to quit
By Bill Graveland, The Canadian Press on April 10th, 2024
An RCMP officer has described the tenuous, and often fraught, relationship police forged with protesters as they tried to end the COVID-era border blockade in Coutts, Alta. Sgt. Greg Tulloch continued his testimony Wednesday at the trial of Alex Van Herk, Marco Van Huigenbos and Gerhard (George) Janzen, who are charged with mischief over $5,000. ... Read More »
Be the first to comment!Unifor applies to represent two Amazon fulfilment centres in Metro Vancouver
By The Canadian Press on April 10th, 2024
VANCOUVER – Unifor says it has filed two applications to represent Vancouver-area Amazon workers with the B.C. Labour Relations Board. The union says it’s filed applications for two Amazon fulfilment centres, one in New Westminster and one in Delta. Unifor first announced a union drive for Amazon workers in Metro Vancouver last July, and says ... Read More »
Be the first to comment!Wind, solar operators urged to invest now to protect against extreme weather risks
By Amanda Stephenson, The Canadian Press on April 10th, 2024
CALGARY – Wind and solar operators in Canada are being urged to reduce the likelihood of catastrophic grid outages by making their infrastructure more resilient to climate change. Renewable energy operators from across the country gathered at a conference in Calgary this week to discuss the growing risk that climate change-related extreme weather poses to ... Read More »
Be the first to comment!TSX closes lower as Bank of Canada holds rate, U.S. markets fall on inflation report
By Rosa Saba, The Canadian Press on April 10th, 2024
TORONTO – Losses in financial and utilities stocks helped drag Canada’s main stock index down more than 160 points, while U.S. stock markets also fell after the latest inflation report forced market watchers to push back interest rate cut expectations. Inflation in the U.S. last month was hotter than economists expected. It’s the latest stronger-than-expected ... Read More »
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