Business
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 »
Be the first to comment!‘Bridge fuel’ or climate villain? Natural gas in the spotlight as COP27 continues
By Amanda Stephenson, The Canadian Press on November 17th, 2022
CALGARY – After long enjoying a reputation as a “bridge fuel” capable of helping the world achieve its climate goals, natural gas is losing some of its environmental lustre – and that has implications for Canada’s energy sector. Canada is the fourth-largest global producer and sixth-largest exporter of natural gas. And with the war in ... Read More »
Be the first to comment!Mass layoffs don’t deter tech workers as they stick with sector, look to startups
By Tara Deschamps, The Canadian Press on November 17th, 2022
TORONTO – When Mary Hailu learned she was being laid off from her executive assistant job at Toronto auto sales startup Clutch in June, all she could think about was her eight-year-old daughter. “I’m a single mom. I’m the only income in my family, in my household,” said Hailu, who quit a stable engineering job ... Read More »
Be the first to comment!Russian fires new airstrikes as UN announces grain deal
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 five 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!Russian strikes hits Ukraine’s Odesa region, city of Dnipro
By The Associated Press on November 17th, 2022
KYIV, Ukraine (AP) – Russian strikes hit Ukraine’s southern Odesa region and the city of Dnipro for the first time in weeks on Thursday morning, and air raid sirens sounded all across the country amid fears that Moscow unleashed another large-scale missile attack. An infrastructure target was hit on the Odesa region, Gov. Maksym Marchenko ... Read More »
1 responseOfficial: Russian missile strike hits Ukraine’s Odesa region
By The Associated Press on November 17th, 2022
A Russian missile strike hit Ukraine’s southern Odesa region for the first time in weeks on Thursday, the regional governor said. An infrastructure target was hit, Odesa regional Gov. Maksym Marchenko said on Telegram, warning about the threat of a “massive missile barrage on the entire territory of Ukraine.” Marchenko’s statement comes amid media reports ... Read More »
1 responseManitoba Hydro seeks rate hikes and issues warning about government targets
By Steve Lambert, The Canadian Press on November 16th, 2022
WINNIPEG – Manitoba Hydro is asking the provincial regulator, the Public Utilities Board, to approve electricity rate increases of 3.5 per cent in each of the next two years. It also warns that it will likely need rate hikes above the rate of inflation in the future if it is to meet government debt-reduction targets. ... Read More »
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