Category Archives: Economy
Annual inflation rate hits 30-year high, upping pressure on Bank of Canada
OTTAWA — Headline inflation in Canada hit a 30-year high at the end 2021 with warnings from economists that the pace of price increases could rise even higher and stirring expectations of a central bank response before the month is
Ford holds housing summit, promises funding to help municipalities cut red tape
TORONTO — Ontario's largest communities will get new funding to help speed up development approvals, Premier Doug Ford announced as he hosted a housing summit Wednesday, but the municipal leaders he met with say much stronger action is needed. Ford sai...
Report: German police see surge in fake vaccine certificates
BERLIN (AP) — Police in Germany are investigating thousands of cases of suspected forgery of coronavirus vaccine certificates, the dpa news agency reported Wednesday. It cited figures
EXPLAINER: Are Turkey’s efforts to fix the economy working?
ANKARA, Turkey (AP) — Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up a beleaguered economy crippled by skyrocketing consumer prices, instead of ending a much-criticized plan to cut interest rates.
Oil flow resumes at Iraq-Turkey pipeline following blast
ANKARA, Turkey (AP) — A pipeline that carries oil from Iraq to world markets resumed operating Wednesday after an explosion in southeastern Turkey forced it to shut down for several hours.
Biden predicts Russia will invade Ukraine, warns Putin
WASHINGTON (AP) — President Joe Biden said Wednesday he thinks Russia will invade Ukraine and warned President Vladimir Putin that his country would pay a “dear price” in lives lost and a possible cutoff from the global banking system if
New York AG says Trump’s company misled banks, tax officials
NEW YORK (AP) — The New York attorney general says her investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” valuations of its golf clubs, skyscrapers and other property to get loans and tax ...
Celeb-heavy Los Angeles suburb gets tough on water wasters
In a wealthy enclave nestled in the Santa Monica Mountains that is a haven for celebrities, residents now face more aggressive consequences for wasting water — including the threat of having their water flows slowed to a trickle if they
South Korea and Saudi Arabia need oil but eye clean energy
RIYADH, Saudi Arabia (AP) — A delegation led by South Korea’s president visiting Saudi Arabia inked a preliminary deal Tuesday to explore a project to develop a potentially cleaner form of energy. The development comes even as Saudi Arabia remains
NTSB chief to fed agency: Stop using misleading statistics
WASHINGTON (AP) — With traffic fatalities spiking higher, the nation’s top safety investigator says a widely cited government statistic that 94% of serious crashes are solely due to driver error is misleading and that the Transportation Department shou...
