Category Archives: Economy
UK competition watchdog orders Facebook to sell off Giphy
LONDON (AP) — The United Kingdom's antitrust watchdog has blocked Facebook's acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for ...
Germany’s designated chancellor backs COVID vaccine mandate
BERLIN (AP) — Germany's next chancellor said Tuesday that he will back a proposal to mandate coronavirus vaccinations for everybody next year, but that lawmakers should be free to vote according to their conscience on the issue.
Economy, consumer spending bounces back in Q3 as new variant stirs concerns
OTTAWA — The economy bounced back sharply in the third quarter of the year after taking a walloping in the preceding three-month stretch, in a demonstration of what may be in store as COVID-19 concerns wane and Canadians start spending
High-flying oil and gas prices paint rosier shade of red ink on Alberta budget
EDMONTON — Alberta's budget outlook for this year is turning a rosier shade of red ink with jobs up, the deficit down and oil and gas prices humming along at unexpectedly high levels. Finance Minister Travis Toews says the deficit is
California now limits medical parole to those on ventilators
SACRAMENTO, Calif. (AP) — A new California policy could send dozens of quadriplegic, paraplegic or otherwise permanently incapacitated inmates from nursing homes back to state prisons.
LA begins enforcing strict mandate requiring proof of vax
LOS ANGELES (AP) — Enforcement began Monday in Los Angeles for one of the strictest vaccine mandates in the country, a sweeping measure that requires proof of shots for everyone entering a wide variety of businesses from restaurants to theaters
UK spies seek help from tech firms against cyber threats
LONDON (AP) — Britain’s spies must give up some of their deep-rooted secrecy and seek help from tech firms to combat fast-moving cyber threats, the head of the U.K’s foreign intelligence agency says.
Powell’s warning: Fed to tighten credit faster than expected
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell took a sharp and unexpected turn Tuesday toward tightening credit for consumers and businesses in the face of mounting concerns about high inflation.
Higher energy prices expected to deliver boost in Alberta budget update
EDMONTON — Alberta's finance minister says the recent bullish run on energy prices is part of a stronger economic story on the province's bottom line that will be revealed in the upcoming second-quarter budget update. Travis Toews says investment is ga...
Macklem says central bank must do more to help Indigenous Peoples in Canada
OTTAWA — The governor of the Bank of Canada says the central bank must do more to create meaningful economic opportunities for Indigenous Peoples in Canada. In brief remarks Monday to a virtual event on Indigenous economies, Tiff Macklem said the
