Category Archives: Economy
Bank of Canada keeps key interest rate target on hold at 0.25 per cent
OTTAWA — Canada's central bank has sent a warning that increases in the cost of living would continue into next year, but signalled it wasn't yet prepared to pull its key lever to rein in inflation. The annual pace of inflation
UK’s Johnson apologizes, orders probe of staff lockdown fest
LONDON (AP) — British Prime Minister Boris Johnson on Wednesday ordered an inquiry and said he was “furious” after a leaked video showed senior members of his staff joking about holding a lockdown-breaching Christmas party.
Scholz’s team: Key players in Germany’s new government
BERLIN (AP) — Olaf Scholz took over as Germany's new chancellor on Wednesday at the head of a three-party coalition government, ending the 16-year era of outgoing Chancellor Angela Merkel. Scholz will lead a 17-member Cabinet, with one more
Scholz replaces Merkel as German chancellor, opening new era
BERLIN (AP) — Center-left leader Olaf Scholz on Wednesday became Germany's ninth post-World War II chancellor, opening a new era for the European Union’s most populous nation and largest economy after Angela Merkel’s 16-year tenure.
Treasury proposes new disclosure rule to fight corruption
WASHINGTON (AP) — The U.S. Treasury Department, as part of its efforts to combat corruption and terrorism, proposed a new rule Tuesday that requires companies to identify who owns and controls them, rather than the names of the people who
EPA lowers ethanol requirements, citing reduced demand
WASHINGTON (AP) — The Biden administration on Tuesday lowered annual production requirements for ethanol and other biofuels to account for reduced demand as a result of the coronavirus pandemic.
Biden to withdraw embattled banking regulator nominee
President Joe Biden said Tuesday that Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency would be withdrawn, as her candidacy faced steep resistance in the Senate with Republican lawmakers criticizing her vision for bankin...
David Cohen presents letters of credence at Rideau Hall to begin job as U.S. envoy
WASHINGTON — David Cohen is finally getting down to business as the newest United States ambassador to Canada — the first to take on the role full-time since 2019. Cohen, a lawyer, lobbyist and former U.S. tech executive, presented his letters
Environmental assessment process underway for shuttered Nova Scotia pulp mill
HALIFAX — The environmental assessment process is officially underway for Northern Pulp's estimated $350-million plan to reopen its idled kraft pulp mill in Nova Scotia's Pictou County. The provincial Environment Department formally registered the proj...
Spain approves COVID vaccine for children in 5-11 age group
MADRID (AP) — Spain’s health ministry gave the go-ahead Tuesday for children between ages 5 and 11 to be vaccinated against COVID-19 amid a rise in coronavirus infections in recent weeks.
