Category Archives: Economy
Greece completes early repayment of bailout loans to IMF
ATHENS, Greece (AP) — Greece has repaid its outstanding debts dating back to its financial crisis to the International Monetary Fund, two years ahead of schedule, the country's finance minister said Monday.
Facing labour shortages, Liberals loosen rules on foreign workers ahead of budget
OTTAWA — Days before the Liberals release their latest spending plan, the federal government has eased rules on temporary foreign workers in some areas of the economy desperately in need of employees. The changes announced Monday will allow employers t...
Stock tied to Trump social firm drops on report of turmoil
NEW YORK (AP) — Shares in a company planning to buy Donald Trump's new social media business plunged Monday on a news report that two key staff members left, deepening losses from last week when it said it would miss
Medicare enrollees to get free COVID-19 tests at drug stores
WASHINGTON (AP) — Amid worries that the latest coronavirus variant could spark another rise in cases, Medicare announced Monday that millions of enrollees will finally have access to free over-the-counter COVID-19 tests at drug stores.
German agency takes charge of subsidiary of Russia’s Gazprom
BERLIN (AP) — Germany on Monday put a government agency in charge of a longtime German subsidiary of Russia's state-owned energy giant Gazprom after an opaque move last week by the parent company to cut ties with the unit.
Universities eye federal budget for research cash as competition for talent heats up
OTTAWA — Post-secondary schools and students are looking to the Liberals to make a down payment in the post-pandemic economy by boosting research spending in the federal budget coming this week. Finance Minister Chrystia Freeland will deliver the gover...
EXPLAINER: Why is Europe balking at a ban on Russian energy?
Shocking pictures from the Ukrainian town of Bucha and accusations of Russian war crimes are building pressure for more sanctions against Moscow. A key potential target: Russian oil and natural gas, and the $850 million that European importers pay for
Federal, Ontario governments invest $259M each in GM for Oshawa, CAMI facilities
OSHAWA, Ont. — The federal and Ontario governments are spending $259 million each to support production at General Motors facilities in the province, including an electric vehicle production line they say will be the first of its kind in the
Sri Lanka opposition rejects proposed unity government
COLOMBO, Sri Lanka (AP) — Sri Lanka's largest opposition party rejected the president's invitation to form a unity government, as protests continued Monday over the country's worst economic crisis in memory and deepening mistrust in his leadership. ...
10,000 health workers sent to help control Shanghai outbreak
BEIJING (AP) — China has sent more than 10,000 health workers from around the country to Shanghai, including 2,000 from the military, as it struggles to stamp out a rapidly spreading outbreak in its largest city under its zero-COVID strategy.
