Category Archives: Economy
In spaceport defeat, Georgia county blames `bare minority’
SAVANNAH, Ga. (AP) — Georgia county officials Wednesday blamed a “bare minority" for forcing a referendum in which voters defeated plans to buy land for a commercial rocket launch pad by a margin of nearly 3-to-1.
Biden restores California’s power to set car emissions rules
WASHINGTON (AP) — The Biden administration is restoring California's authority to set its own tailpipe pollution standards for cars, reversing a Trump administration policy and likely ushering in stricter emissions standards for new passenger vehicles ...
High gas prices hitting Atlantic Canada hard due to region’s reliance on heating oil
HALIFAX — People across Canada are feeling the financial pressure of surging gasoline prices, but residents of the Atlantic region are being particularly hard hit, in part, because of their heavy reliance on oil to heat their homes. The four provinces
Ottawa seeking proposals for high-frequency rail project between Quebec City, Toronto
MONTREAL — Ottawa is issuing a call for expressions of interest regarding a high-frequency train project to connect Quebec City and Toronto. Federal Transport Minister Omar Alghabra made the announcement Wednesday in Montreal, calling it the first majo...
Guilbeault touts coming green bond, as experts stress need to choose projects wisely
OTTAWA — Canada's environment minister says investors will soon get to purchase a new government bond aimed at financing green projects, which will be selected under guidelines that experts warn could pose potential issues for would-be buyers. The Libe...
Trump a pariah? New $100 million bank loan suggests not
NEW YORK (AP) — A bank's decision to loan Donald Trump's company $100 million is the latest evidence the former president might survive fraud investigations and a business-world backlash over his efforts to stay in office after losing the 2020
Did Amazon violate federal laws? Lawmakers ask for DOJ probe
WASHINGTON (AP) — Lawmakers followed through Wednesday on their threat to seek a criminal investigation of Amazon, asking the Justice Department to investigate whether the tech giant and senior executives obstructed Congress or violated other federal l...
Newsom wants tax rebate, touts ‘California Way’ of governing
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom proposed sending money back to taxpayers to offset record-high gas prices but rejected calls to increase oil drilling, saying he wants to free the state “once and for all from the grasp
Europe faces pressure to join US, British ban on Russian oil
BRUSSELS (AP) — Europe faces a tough choice: Is it worth a recession to choke off oil and gas money to Russia while it fights a war in Ukraine?
Judge favors boosting Sackler payment in Purdue Pharma deal
A judge said Wednesday that he would approve a plan that locks members of the Sackler family who own OxyContin maker Purdue Pharma into pumping at least another $1.2 billion into a nationwide lawsuit settlement that, if ultimately confirmed, would
