Business
FTX deal to buy Canadian crypto platform Bitvo terminated
By The Canadian Press on November 15th, 2022
CALGARY – Canadian crypto trading platform Bitvo Inc. says its deal to be acquired by FTX, the crypto-exchange giant that collapsed last week and filed for bankruptcy, will not go ahead. The company says that “in light of recent events” that its shareholder, Pateno Payments Inc., terminated its agreement with FTX Canada Inc. and FTX ... Read More »
Be the first to comment!With Russia’s retreat in Kherson, reports of abuses emerge
By John Leicester, The Associated Press on November 15th, 2022
KYIV, Ukraine (AP) – Ukrainian police and U.N. investigators said Tuesday they were looking into alleged Russian abuses in Kherson during eight months of occupation of the key southern city, including torture sites and enforced disappearances and detentions. The head of the U.N. human rights office’s monitoring mission in Ukraine, Matilda Bogner, decried a “dire ... Read More »
Be the first to comment!US wholesale inflation eases to 8%, 4th straight slowdown
By Christopher Rugaber, The Associated Press on November 15th, 2022
WASHINGTON (AP) – Prices at the wholesale level rose 8% in October from 12 months earlier, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels. On a monthly basis, the government said Tuesday that its producer price index, which measures costs before they ... Read More »
Be the first to comment!Home Depot tops expectations again, but sticks by outlook
By The Associated Press on November 15th, 2022
ATLANTA (AP) – Home Depot easily topped expectations for both profit and revenue in the third quarter, but investors were spooked after the company stuck by projections it put out earlier this year. Shares of The Home Depot Inc. declined more than 2% before the market opened Tuesday. Profit rose 5.1% to $4.34 billion in ... Read More »
Be the first to comment!Walmart puts up strong Q3, announces opioid settlement
By Anne D'innocenzio, The Associated Press on November 15th, 2022
NEW YORK (AP) – Walmart reported strong third quarter profits and revenue as more Americans seek to cut spending in face of high inflation. Also on Tuesday, Walmart agreed to pay $3.1 billion to settle lawsuits nationwide over the impact of prescriptions its pharmacies filled for powerful prescription opioid painkillers. The agreement must still be ... Read More »
Be the first to comment!Apple launches emergency system for people who can’t access cell service
By Tara Deschamps, The Canadian Press on November 15th, 2022
TORONTO – As Canada’s top telecommunications companies face pressure to ensure Canadians can reach emergency responders in the event of a major outage, Apple is rolling out a new service that will accomplish just that. The Cupertino, Calif. tech giant says its new Emergency SOS system, available on iPhone 14 devices in Canada this week, ... Read More »
Be the first to comment!‘Did not end well’: New Pence book details split with Trump
By Jill Colvin, The Associated Press on November 15th, 2022
NEW YORK (AP) – Former Vice President Mike Pence blames Donald Trump for endangering his family “and all those serving at the Capitol” on Jan. 6 in a new memoir released Tuesday. In “So Help Me God,” Pence recounts, for the first time in his own words, the Republican former president’s extraordinary effort to push ... Read More »
Be the first to comment!Zelenskyy: Battle for Kherson was D-Day-like watershed
By The Associated Press on November 15th, 2022
KYIV, Ukraine (AP) – Ukraine’s president is likening the recapture of the southern city of Kherson to the Allied landings in France on D-Day in World War II, saying both were watersheds on the road to eventual victory. Speaking via video link Tuesday to a Group of 20 summit in Bali, Indonesia, Zelenskyy called Ukraine’s ... Read More »
2 responsesIndonesia signs deals to accelerate clean energy transition
By The Associated Press on November 15th, 2022
NUSA DUA, Indonesia (AP) – Indonesia signed deals with international lenders and major nations on Tuesday under which it is to receive billions of dollars in funding to help the country increase its use of renewable energy. The $20 billion agreement was announced on the sidelines of the Group of 20 summit in Bali, Indonesia. ... Read More »
2 responsesCanadians, economists alike saw little relief from inflation in October: forecasters
By Nojoud Al Mallees, The Canadian Press on November 15th, 2022
OTTAWA – Inflation has been heading lower in recent months, but Canadians likely haven’t noticed as gas prices went up and grocery costs continued to soar last month. Statistics Canada is expected to release its October report on the consumer price index on Wednesday, and economists are warning Canada’s annual inflation rate likely ticked higher. ... Read More »
2 responsesFTX fallout shows tension between need for regulation and push for decentralization
By Ian Bickis, The Canadian Press on November 14th, 2022
TORONTO – The collapse of crypto-exchange giant FTX is being pointed to both as a clear example of the importance of industry regulation and, on the other hand, of the need for bitcoin to get back to its decentralized roots. The two opposite conclusions underline the tension between the ideals of the early-adopting bitcoin faithful ... Read More »
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