Category Archives: Economy
Finance Department says preliminary deficit of $314 billion for last fiscal year
OTTAWA — The federal government says its preliminary deficit for the last fiscal year was $314 billion, an unprecedented figure caused by an equally unprecedented economic shock. The early deficit figure for the 12-month period between April 2020 to Ma...
US says agencies largely fended off latest Russian hack
WASHINGTON (AP) — The White House says it believes U.S. government agencies largely fended off the latest cyberespionage onslaught blamed on Russian intelligence operatives, saying the spear-phishing campaign should not further damage relations with Mo...
US stocks cling to modest gains and end the week higher
BANGKOK — Stocks capped a listless day of trading on Wall Street with modest gains Friday and the S&P 500's first weekly gain in three weeks.
Enbridge’s Line 3 oil pipeline enters critical month in June
MINNEAPOLIS (AP) — June will be a critical month for Enbridge Energy's Line 3 crude oil pipeline as the company resumes construction and opponents mobilize for large-scale protests and civil disobedience.
$11 billion New York rail tunnel gets key federal approval
NEWARK, N.J. (AP) — A planned $11 billion rail tunnel seen as a key to train travel up and down the northeastern U.S. received a boost Friday with a crucial, and long sought, federal environmental approval.
Malaysia imposes near-total lockdown after virus cases soar
KUALA LUMPUR, Malaysia (AP) — Malaysia's prime minister announced on Friday a near-total coronavirus lockdown in the country, with social and economic activities to be halted for two weeks to contain a worsening outbreak.
Croatia to buy 12 French Rafale fighters for $1.2 billion
ZAGREB, Croatia (AP) — Croatia announced Friday that it will purchase 12 used Rafale fighter jets from France for nearly 1 billion euros ($1.2 billion), to replace its aging fleet of Soviet-era aircraft and strengthen its air force amid lingering
US consumers boosted spending in April as inflation surged
WASHINGTON (AP) — Americans increased their spending by 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks.
Hungary donates COVID-19 jabs amid slowing vaccination drive
BUDAPEST, Hungary (AP) — Hungary's prime minister on Friday urged Hungarians to register for their COVID-19 jabs, following a sharp drop in what was until recently one of the strongest vaccination drives in the 27-nation European Union.
Greek PM calls for improved ties with Turkey
ATHENS, Greece (AP) — Greece’s prime minister said Friday his country is seeking improved ties with neighbor and longtime foe Turkey, but that the onus is on Turkey to refrain from what he called “provocations, illegal actions and aggressive rhetoric.”...
