Category Archives: Business
Finance says federal deficit hits nearly $69B over first half of fiscal year
OTTAWA — The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier. The Finance Department's fiscal monitor says
Italy, France deepen economic, defense cooperation
ROME (AP) — Italian Premier Mario Draghi said that a bilateral treaty signed on Friday with French President Emmanuel Macron to strengthen bilateral cooperation would in turn strengthen the European Union, including such areas as defense, aerospace and...
EU eases its controls on COVID-19 vaccine exports
BRUSSELS (AP) — The European Union said on Friday that it will ease its restrictions on exporting COVID-19 vaccines. The Commission,
German government hesitant on lockdown as COVID cases rise
BERLIN (AP) — Germany's government refused to back calls Friday for a swift and sharp lockdown to curb the country's worsening coronavirus situation, which saw daily confirmed cases hit a new peak and is putting hospitals under severe strain.
Quebec budget update: 6.5 per cent GDP growth and cash payments to offset inflation
QUEBEC — Boasting that Quebec's economic growth is outpacing growth in the United States, Finance Minister Eric Girard presented a budget update Thursday that includes one-time cheques to offset inflation and that slashes the province's estimated defic...
BCE urges CRTC reject Rogers-Shaw deal, independents call for safeguards
GATINEAU, Que. — BCE Inc. urged the CRTC to reject Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc. on Thursday, while independent operators have called for more safeguards. Speaking at the second-last day of heari...
Turkmenistan’s president further expands his son’s clout
ASHGABAT, Turkmenistan (AP) — Turkmenistan’s autocratic president has put his only son in charge of the Central Asian nation's energy sector, further expanding his clout in a move seen as laying the foundations for a political dynasty.
Top Indonesia court rules new job law unconstitutional
JAKARTA, Indonesia (AP) — Indonesia’s top court ruled Thursday that the country’s widely criticized Job Creation Law is unconstitutional and ordered the government to amend it within two years.
Putin says Russia will offer good gas deal to Serbia
SOCHI, Russia (AP) — Russian President Vladimir Putin said Thursday that Moscow would continue providing natural gas to Serbia on terms favorable to its ally.
This worker got jobless benefits; Virginia wants them back
ABINGDON, Va. (AP) — For 26 years, Ernest Ray worked at a company in southwest Virginia that made compressors, in a physically demanding job that involved night shifts on a factory floor. When the plant closed in 2018, Ray applied
