Category Archives: Economy
Parents are gifting increasingly large sums of money for kids’ down payments: CIBC
A new report shows parents are giving increasingly large financial gifts so their kids can afford down payments in Canada’s hot housing market. The report by CIBC deputy chief economist Benjamin Tal found the average gift for first time homebuyers rose...
Treasury Department names first counselor for racial equity
NEW YORK (AP) — The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries.
Billionaire tax hits critics as Biden pushes for budget deal
WASHINGTON (AP) — The Democrats' idea for a new billionaires’ tax to help pay for President Joe Biden's social services and climate change plan quickly ran into criticism as too cumbersome with some lawmakers preferring the original plan of
2 border agents are fired for offensive Facebook posts
Two Border Patrol agents were fired from among 60 found to have committed misconduct for participating in a private Facebook group that mocked migrants and lawmakers, investigators said Monday in the most detailed public account yet of an episode that
US details new international COVID-19 travel requirements
WASHINGTON (AP) — Children under 18 and people from dozens of countries with a shortage of vaccines will be exempt from new rules that will require most travelers to the United States be vaccinated against COVID-19, the Biden administration announced. ...
US official: Russia should send more gas to Europe ‘quickly’
FRANKFURT, Germany (AP) — A senior energy adviser to U.S. President Joe Biden urged Russia to supply more natural gas to Europe now rather than wait for approval of a newly completed pipeline, saying Monday that “they should do it
9 EU countries oppose market reform ahead of energy talks
BRUSSELS (AP) — Nine European Union countries, including heavyweight Germany, have joined forces to say they will not support an overhaul of the electricity market ahead of an emergency meeting of the bloc's energy ministers Tuesday in Luxembourg.
UK to increase low-wage workers’ pay by more than inflation
LONDON (AP) — Millions of low-pay workers in Britain will get an inflation-busting pay increase next year after the government said Monday it will legislate to raise the National Living Wage to 9.50 pounds ($13) an hour from the current
World set to miss goal of $100B climate aid pledged to poor
BERLIN (AP) — A target for rich countries to provide poor nations with $100 billion in aid each year to tackle global warming will be missed, dealing a blow to the upcoming U.N. climate talks in Glasgow.
Road-blocking climate protesters resume campaign in London
LONDON (AP) — Environmental protesters pressuring the British government to insulate all homes within a decade resumed a road-blocking campaign in London on Monday ahead of the United Nations' annual climate conference.
