Category Archives: Business
RBC report says $2 trillion needed to reach 2050 target of net-zero economy
OTTAWA — A new report says the country will need roughly $2 trillion to put the economy on a path to net-zero emissions in 30 years, including government spending on things like skills training and backstops to prod the necessary
Flooding in Venice worsens off-season amid climate change
VENICE, Italy (AP) — After Venice suffered the second-worst flood in its history in November 2019, it was inundated with four more exceptional tides within six weeks, shocking Venetians and triggering fears about the worsening impact of climate change....
UK encourages booster jabs, resists new virus restrictions
LONDON (AP) — Under pressure from rising infections and worried health experts, the British government on Wednesday urged millions of people to get booster vaccine shots but resisted calls to reimpose coronavirus restrictions such as mandatory mask-wea...
Russians to stay off work for a week as virus deaths rise
MOSCOW (AP) — President Vladimir Putin on Wednesday ordered most Russians to stay off work for a week starting later this month amid rising COVID-19 infections and deaths, and he strongly urged reluctant citizens to get vaccinated.
EU chief says key to energy crisis is pushing Green Deal
BRUSSELS (AP) — The European Union's top official on Wednesday exhorted the bloc's 27 member nations to wean themselves off natural gas not only to speed the transition to clean energy but also to make the bloc a more independent
WHO: Europe the only region with rise in COVID-19 last week
LONDON (AP) — The World Health Organization said there was a 7% rise in new coronavirus cases across Europe last week, the only region in the world where cases increased, and said uneven vaccine uptake posed a threat to the
Annual inflation rate hits 4.4 per cent in September, Statistics Canada says
OTTAWA — The cost to put food on the table and gasoline in the car pushed up the cost of living in September, lifting the annual pace of price increases to a near two-decade high with no clear end in
Credit Suisse faces penalties over Mozambique loan deals
ZURICH (AP) — Credit Suisse has announced settlements totaling nearly $700 million with British and U.S. authorities over lending to Mozambique state-owned companies that Swiss regulators say violated anti-money laundering rules.
Germany detains 2 ex-soldiers trying to form mercenary group
BERLIN (AP) — German authorities on Wednesday detained two former soldiers who are alleged to have tried to form a mercenary group that would have intervened in the military conflict in Yemen.
Study: Fossil fuel plans would far overshoot climate goals
LONDON (AP) — The world needs to cut by more than half its production of coal, oil and gas in the coming decade to maintain a chance of keeping global warming from reaching dangerous levels, according to a U.N.-backed study
