Category Archives: Economy
Cryptocurrencies gaining traction among Conservatives — here are some reasons why
OTTAWA — Conservative MP Michelle Rempel Garner says she hopes her bill to help grow the cryptocurrency sector will get Canadian legislators talking about it in a non-polarized way. The private member's bill she introduced in February, which was debate...
EPA rule would finally ban asbestos, carcinogen still in use
WASHINGTON (AP) — The Environmental Protection Agency on Tuesday proposed a rule to finally ban asbestos, a carcinogen that is still used in some chlorine bleach, brake pads and other products and kills thousands of Americans every year.
As Ukraine war squeezes energy, UK looks again at fracking
LONDON (AP) — The British government on Tuesday ordered scientists to take a new look at the risks of fracking, as soaring fuel prices and squeezed supplies prompt a rethink about the country’s energy supply.
EU starts process to cut funding to Hungary over rule of law
BRUSSELS (AP) — The European Commission will launch proceedings to suspend support payments to Hungary for breaching the 27-nation bloc’s rule-of-law standards, Commission President Ursula von der Leyen said Tuesday.
A list of Canadian companies cutting ties with Russia over invasion of Ukraine
A number of Canadian companies have suspended or moved to withdrawal from Russia following its unprovoked invasion of Ukraine. Here is a partial list of those firms: Alberta Investment Management Corp. — Alberta investment manager says it will divest a...
Treasury bars Russia payments in dollars from US accounts
WASHINGTON (AP) — The Treasury Department is moving to keep the Russian government from making debt payments at U.S. banks with U.S. dollars, restricting one of the strategies President Vladimir Putin is using to stave off default, an agency official
UK plans rules for some cryptocurrencies amid global effort
LONDON (AP) — Britain has unveiled plans to regulate some cryptocurrencies as part of a broader plan to become a global hub for digital payments, coming as authorities in the U.S. and Europe are racing to draw up rules for
Sri Lankan lawmakers seek interim government to solve crisis
COLOMBO, Sri Lanka (AP) — A group of Sri Lankan governing party lawmakers called Tuesday for the appointment of an interim government, warning that a failure to do so would lead to violence and anarchy, as demonstrators continued to demand
European Union proposes Russian coal ban in new sanctions
BRUSSELS (AP) — The European Union’s executive branch proposed Tuesday a ban on coal imports from Russia in what would be the first EU sanctions targeting the country's lucrative energy industry over its war in Ukraine.
COVID outbreak ‘extremely grim’ as Shanghai extends lockdown
BEIJING (AP) — The COVID-19 outbreak in China’s largest metropolis of Shanghai remains “extremely grim” amid an ongoing lockdown confining around 26 million people to their homes, a city official said Tuesday.
