Category Archives: Economy
AP Source: NSO Group spyware used to hack State employees
WASHINGTON (AP) — The phones of 11 U.S. State Department employees were hacked with spyware from Israel's NSO Group, the world's most infamous hacker-for-hire company, a person familiar with the matter said Friday.
Sanders to Biden: Cut back looming Medicare premium hike
WASHINGTON (AP) — Sen. Bernie Sanders is asking the White House to cut back a big Medicare premium hike set to take effect in weeks and tied to a pricey Alzheimer's drug whose benefits have been widely questioned.
Struggling Chinese developer warns it could run out of money
BEIJING (AP) — A Chinese developer that is struggling under $310 billion in debt warned Friday it may run out of money to “perform its financial obligations” — sending regulators scrambling to reassure investors that China’s financial markets can be
Two weeks after Trudeau visit, still time to push back on EV tax credit, Ng says
WASHINGTON — Canada still has "runway" to work with in its effort to prevent a proposed U.S. tax credit for electric vehicles from kneecapping the auto industry north of the border, International Trade Minister Mary Ng said Friday. Ng was
Loblaw Financial wins Supreme Court case over tax treatment of Barbados subsidiary
OTTAWA — Loblaw Financial Holdings should not have to pay Canadian taxes on income from a subsidiary the company ran in Barbados, the Supreme Court of Canada has ruled. In a 7-0 decision Friday, the top court said Canadian provisions at
Canadian and U.S. officials to meet Friday to discuss P.E.I. potato ban
FREDERICTON — Officials from Canada and the United States were scheduled to meet Friday to discuss the suspension of exports of Prince Edward Island potatoes south of the border — a trade order that is impacting potato prices in both
No currency manipulator labels from US, China on watch
WASHINGTON (AP) — The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global agreements not to use their currencies
Austria: Party backs interior chief Nehammer for chancellor
BERLIN (AP) — Austrian Interior Minister Karl Nehammer announced Friday that he will be the acting leader of the conservative People’s Party and will seek to become Austria's next chancellor.
Jobless rate drops to 6 per cent in November as number of long-term unemployed falls
OTTAWA — Canada's labour market shook off more of the shock from COVID-19 by adding 153,700 jobs in November, pushing the unemployment rate to a pandemic-era low and sending the share of the core working population with a job to
EXPLAINER: Turkey’s currency is crashing. What’s the impact?
ANKARA, Turkey (AP) — Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite
