Business
AP sources: Biden OKs huge Willow oil project in Alaska
By Matthew Daly And Chris Megerian, The Associated Press on March 13th, 2023
WASHINGTON (AP) – The Biden administration is approving the major Willow oil project on Alaska’s petroleum-rich North Slope, according to two people familiar with the decision. The decision revealed Monday, one of President Joe Biden’s most consequential climate decisions, is likely to draw condemnation from environmentalists who say it flies in the face of the ... Read More »
Be the first to comment!Russia’s economy holds up, but growing challenges test Putin
By David Mchugh, The Associated Press on March 13th, 2023
Western sanctions have hit Russian banks, wealthy individuals and technology imports. But after a year of far-reaching restrictions aimed at degrading Moscow’s war chest, economic life for ordinary Russians doesn’t look all that different than it did before the invasion of Ukraine. There’s no mass unemployment, no plunging currency, no lines in front of failing ... Read More »
Be the first to comment!Asian shares mostly sink on jitters after US bank failure
By Yuri Kageyama, The Associated Press on March 12th, 2023
TOKYO (AP) – Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest U.S. bank failure in nearly 15 years might have ripple effects around the world. Japan’s benchmark Nikkei 225 slipped 1.2% to 27,817.43 in morning trading. Australia’s S&P/ASX 200 slipped 0.6% to 7,104.30. South Korea’s Kospi ... Read More »
Be the first to comment!Canadian regulator seizes assets of Toronto branch of Silicon Valley Bank
By The Canadian Press on March 12th, 2023
OTTAWA – Canada’s banking regulator says it has temporarily seized assets of the Canadian branch of Silicon Valley Bank. Fearful depositors withdrew billions of dollars from the U.S. bank in a matter of hours Friday, forcing U.S. banking regulators to urgently close the California-based institution. In a statement, Canada’s Office of the Superintendent of Financial ... Read More »
Be the first to comment!Poilievre calls for spending cap, tax cuts in coming federal budget
By The Canadian Press on March 12th, 2023
OTTAWA – Conservative Leader Pierre Poilievre says the coming federal budget should lower taxes, cap spending and make it easier to build new houses. Poilievre spelled out his party’s budget priorities today in advance of the Liberal government’s fiscal blueprint, to be presented to Parliament on March 28. The Tory leader accused Prime Minister Justin ... Read More »
Be the first to comment!Cashback, reward apps helping Canadians save, but where is the data going?
By Tara Deschamps, The Canadian Press on March 12th, 2023
TORONTO – When it comes to saving on groceries or trips to the mall, Nichole Schaubroeck is a pro. She scours flyers and websites, alerting her @couponcutiecanada Instagram account’s 254,000 followers to supermarket sales and deals at the likes of Lululemon or Amazon. But one of her tried and true savings methods – apps like ... Read More »
Be the first to comment!Yellen says no federal bailout for Silicon Valley Bank
By Chris Megerian, The Associated Press on March 12th, 2023
WILMINGTON, Del. (AP) – Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. The Federal Deposit Insurance Corporation insures deposits up to $250,000, but many of the companies and wealthy people who used the bank ... Read More »
Be the first to comment!‘Welcome to Lviv’: Ukrainian city ready for ‘brave’ Canadian tourists
By Laura Osman, The Canadian Press on March 12th, 2023
LVIV, Ukraine – Two women sit at a table near the front door of a small, nondescript bar in western Ukraine. Speak the password, and they will escort you to a closet, inside which is a staircase that leads down to a stone cellar. As they descend, they’re greeted with bass music from the chic ... Read More »
Be the first to comment!Oil giant Saudi Aramco makes a historic $161B profit in 2022
By Jon Gambrell, The Associated Press on March 12th, 2023
DUBAI, United Arab Emirates (AP) – Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. The monster profit by the firm, known formally as the Saudi Arabian Oil Co., came off the back of energy prices ... Read More »
Be the first to comment!Oil giant Saudi Aramco has profits of $161B in 2022
By Jon Gambrell, The Associated Press on March 11th, 2023
DUBAI, United Arab Emirates (AP) – Oil giant Saudi Aramco said Sunday it earned a $161 billion profit last year. The firm, known formally as the Saudi Arabian Oil Co., said in its annual report that higher crude oil prices propelled its profits. It made the announcement on Riyadh’s Tadawul stock exchange. In 2021, Aramco ... Read More »
Be the first to comment!Indigo union demands more details on cyberattack, support for affected workers
By The Canadian Press on March 11th, 2023
TORONTO – A union representing 200 employees of Indigo Books & Music Inc. is calling on the retailer to disclose more information about the scope of its recent data breach and offer additional support to staff affected by the cyberattack. United Food and Commercial Workers International Union Local 1006A says it is “increasingly alarmed” by ... Read More »
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