January 19th, 2021

Business

World shares retreat despite strong growth data from China

By Elaine Kurtenbach, The Associated Press on January 18th, 2021

Markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year. Shares fell in Paris, London and Tokyo but advanced in Hong Kong and Shanghai. Most U.S. markets are closed Monday for a national holiday. Investors appear to ... Read More »

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Italian PM Conte seeks to save his government from falling

By The Associated Press on January 18th, 2021

ROME – Italian Premier Giuseppe Conte was fighting for his political life Monday with an address to the lower chamber of Parliament that aims to shore up support for his government, which has come under fire from an ally over plans to relaunch the country’s pandemic-ravaged economy. Conte lost his majority with the defection of ... Read More »

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Japan’s PM vows Olympics will be proof of victory over virus

By Mari Yamaguchi, The Associated Press on January 18th, 2021

TOKYO – Japanese Prime Minister Yoshihide Suga vowed Monday to get the pandemic under control and hold the already postponed Olympics this summer with ample coronavirus protection. In a speech opening a new Parliament session, Suga said his government would revise laws to make anti-virus measures enforceable with penalties and compensation. Early in the pandemic, ... Read More »

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Kenney, Moe condemn Biden’s plan to scrap Keystone XL on Day 1 of presidency

By The Canadian Press on January 18th, 2021

OTTAWA – The premiers of Alberta and Saskatchewan are condemning Joe Biden’s plan to scrap the Keystone XL pipeline expansion on his first day as U.S. president. Biden’s plan is outlined in transition documents seen by The Canadian Press. Jason Kenney and Scott Moe say halting construction on the controversial project will be disastrous for ... Read More »

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Unifor to release results of vote on new General Motors EV production in Ontario

By The Canadian Press on January 18th, 2021

INGERSOLL, Ont. – Unifor is expected to release the results today of a ratification vote stemming from General Motors Canada’s plan to invest $1 billion in an electric vehicle plant in southern Ontario. The national union’s Local 88 members voted online Sunday on a tentative deal it struck with the automaker to transform GM’s CAMI ... Read More »

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SKorean court gives Samsung scion prison term over bribery

By The Associated Press on January 17th, 2021

SEOUL, Korea, Republic Of – Billionaire Samsung scion Lee Jae-yong is heading back to prison after a South Korean court sentenced him to two and a half years over his involvement in a 2016 corruption scandal that spurred massive street protests and ousted South Korea’s then-president. In a much-anticipated retrial on Monday, the Seoul High ... Read More »

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A chronological history of the controversial Keystone XL pipeline project

By The Canadian Press on January 17th, 2021

A timeline of the controversial Keystone XL pipeline project: July 2008: TC Energy Corp. (TSX: TRP) – then called TransCanada Corp. – and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major extension to the network. The expansion, dubbed Keystone XL, would carry hundreds of thousands of barrels of oilsands bitumen from Alberta to ... Read More »

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Transition documents suggest Biden plans Day 1 order rescinding Keystone XL permit

By James McCarten, The Canadian Press on January 17th, 2021

WASHINGTON – President-elect Joe Biden plans to rescind a permit for the Keystone XL pipeline expansion on his first day in the White House, transition documents suggest. The documents, seen by The Canadian Press, feature a to-do list dated Wednesday that includes signing an executive order to revoke the construction permit granted by predecessor Donald ... Read More »

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Canadian Press NewsAlert: documents show Biden plans Day 1 order nixing Keystone XL

By The Canadian Press on January 17th, 2021

WASHINGTON, D.C. – Transition documents suggest president-elect Joe Biden plans to block the Keystone XL pipeline on his first day in the White House. The documents, seen by The Canadian Press, include a to-do list dated Wednesday that includes rescinding the construction permit signed by predecessor Donald Trump. Campaign officials promised in May that if ... Read More »

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Prada intros anti-uniform during all-digital Fashion Week

By Colleen Barry, The Associated Press on January 17th, 2021

MILAN – No traffic jams, no rush to the next venue, no front rows – not even socially distanced. Milan Fashion Week is unfolding entirely on computer screens and social media platforms this round for the first time ever, as the persistent virus resurgence dashed any hopes of even a handful of physical shows. Luxury ... Read More »

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