Category Archives: Business
EU unveils trade sanction plan to counter foreign coercion
BRUSSELS (AP) — The European Union moved Wednesday to set up a system of quick-fire trade sanctions that it could impose on any foreign power, like China, that it accuses of trying to coerce the 27-country bloc for economic or
End of an era: Germany’s Merkel bows out after 16 years
BERLIN (AP) — Angela Merkel was assured of a place in the history books as soon as she became Germany's first female chancellor on Nov. 22, 2005.
Tense nuclear talks with Iran to resume Thursday in Vienna
BERLIN (AP) — The European diplomat chairing the seventh round of nuclear talks between Iran and world powers says negotiations in Vienna will resume Thursday. Enrique Mora
Bank of Canada keeps key interest rate target on hold at 0.25 per cent
OTTAWA — Canada's central bank has sent a warning that increases in the cost of living would continue into next year, but signalled it wasn't yet prepared to pull its key lever to rein in inflation. The annual pace of inflation
UK’s Johnson apologizes, orders probe of staff lockdown fest
LONDON (AP) — British Prime Minister Boris Johnson on Wednesday ordered an inquiry and said he was “furious” after a leaked video showed senior members of his staff joking about holding a lockdown-breaching Christmas party.
Scholz’s team: Key players in Germany’s new government
BERLIN (AP) — Olaf Scholz took over as Germany's new chancellor on Wednesday at the head of a three-party coalition government, ending the 16-year era of outgoing Chancellor Angela Merkel. Scholz will lead a 17-member Cabinet, with one more
Scholz replaces Merkel as German chancellor, opening new era
BERLIN (AP) — Center-left leader Olaf Scholz on Wednesday became Germany's ninth post-World War II chancellor, opening a new era for the European Union’s most populous nation and largest economy after Angela Merkel’s 16-year tenure.
Treasury proposes new disclosure rule to fight corruption
WASHINGTON (AP) — The U.S. Treasury Department, as part of its efforts to combat corruption and terrorism, proposed a new rule Tuesday that requires companies to identify who owns and controls them, rather than the names of the people who
EPA lowers ethanol requirements, citing reduced demand
WASHINGTON (AP) — The Biden administration on Tuesday lowered annual production requirements for ethanol and other biofuels to account for reduced demand as a result of the coronavirus pandemic.
Biden to withdraw embattled banking regulator nominee
President Joe Biden said Tuesday that Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency would be withdrawn, as her candidacy faced steep resistance in the Senate with Republican lawmakers criticizing her vision for bankin...
