Category Archives: Economy
Company ‘shocked’ by Ottawa’s decision on proposed coal mine in southwestern Alberta
CROWSNEST PASS, Alta. — The company behind the proposed Grassy Mountain coal project in southwestern Alberta says it is shocked by the federal government's decision that it cannot proceed. Environment and Climate Change Minister Jonathan Wilkinson made...
Railroad bidding war for Kansas City Southern is reignited
NEW YORK — Canadian Pacific jumped back into the bidding war for Kansas City Southern Tuesday with an increased $31 billion offer for the U.S. railroad, but its latest bid remains lower than the rival $33.6 billion offer from Canadian
Germany to provide $68 billion in aid for flood-hit regions
BERLIN (AP) — The German government agreed Tuesday to provide 58 billion euros ($68 billion) to help rebuild regions hit by devastating floods last month.
Coast Guard: Seacor Power never received weather warnings
NEW ORLEANS (AP) — A U.S. Coast Guard commander said a technical issue prevented it from relaying severe thunderstorm and marine warnings on the day last April when a Seacor Power lift boat capsized in the Gulf of Mexico, leaving
UN envoy warns of Myanmar civil war if no successful talks
UNITED NATIONS (AP) — The U.N. special envoy for Myanmar warned Tuesday of “a full-scale civil war” if the powerful military, supporters of the ousted democracy, ethnic groups and other key parties don’t hold a successful dialogue on all issues
Dominion sues Trump-friendly broadcasters over fraud claims
PHOENIX (AP) — Vote-counting machine maker Dominion Voting Systems filed defamation lawsuits Tuesday against right-wing broadcasters and a prominent Donald Trump ally over their baseless claims that the 2020 election was marred by fraud.
Experts say New Zealand should keep virus elimination plan
WELLINGTON, New Zealand (AP) — Only 26 people in New Zealand have died from the coronavirus since the pandemic began, after the nation of 5 million managed to completely stamp out its spread.
Canada’s housing strategy having ‘limited’ impact on housing need, PBO says
OTTAWA — The federal government has spent less than half of the funding earmarked for a pair of flagship housing programs as the need for affordable homes grows along with a yawning "affordability gap," says Canada's budget watchdog. Program lags at
Unpaid doctors strike in Nigeria amid new COVID-19 surge
LAGOS, Nigeria (AP) — Dr. Olaniyi Olaoye and the other resident doctors at the Ekiti State University Teaching Hospital in Nigeria haven't been paid at all for five months.
Without ‘right to repair,’ businesses lose time and money
As software and other technologies get infused in more and more products, manufacturers are increasingly making those products difficult to repair, potentially costing business owners time and money.
