Category Archives: Economy
Canadian manufacturers hope for exemptions from latest Buy American provisions
Canadian manufacturers are once again facing the risk of being hit by U.S. protectionism and the need to fight for crucial exemptions. The challenge comes after the Biden administration announced new procurement guidanceMonday that requires the constr...
Myanmar military government denies rumors of fuel shortages
BANGKOK (AP) — Myanmar’s military government has denied the country is suffering from a shortage of fuel after rumors about low supplies of gasoline and diesel led to panic buying and long queues at service stations in several cities.
Biden restores stricter environmental review of big projects
WASHINGTON (AP) — The Biden administration is restoring federal regulations that require rigorous environmental review of major infrastructure projects such as highways, pipelines and oil wells — including likely impacts on climate change and nearby co...
Citing Russia’s war, IMF cuts global growth forecast to 3.6%; Canada to 3.9% in 2022
WASHINGTON — The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia's war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing unc...
For Russian diplomats, disinformation is part of the job
As governments and social media companies have moved to suppress Russia's state media and the disinformation it spreads about the war in Ukraine, the Kremlin's diplomats are stepping up to do the dirty work.
Finance heads urged to boost fight against food insecurity
WASHINGTON (AP) — Treasury Secretary Janet Yellen urged world finance leaders Tuesday to “get concrete” as they look for ways to combat a looming crisis over food insecurity around the globe that Russia's war in Ukraine has made even worse.
Johnson says sorry for partygate as critics prep censure bid
LONDON (AP) — British Prime Minister Boris Johnson on Tuesday offered what he said was a ”wholehearted” apology for attending an illegal party during lockdown — but insisted he didn't knowingly break rules or mislead Parliament, and brushed off calls
Feds will appeal mask ruling only if mandate still needed
ST. PETERSBURG, Fla. — The Justice Department said Tuesday it will not appeal a federal district judge’s ruling that ended the nation’s federal mask mandate on public transit unless the Centers for Disease Control and Prevention believes the requiremen...
Sri Lanka police open fire at protesters; 1 dead, 13 injured
COLOMBO, Sri Lanka (AP) — Sri Lankan police opened fire Tuesday at people protesting new fuel price increases, killing one and injuring 13 others, in the first shooting by security forces during weeks of demonstrations over the country's worst economic...
Live updates | Russia-Ukraine War
Russia assaulted cities and towns along a boomerang-shaped front hundreds of miles long and poured more troops into Ukraine on Tuesday in a potentially pivotal battle for control of the country’s eastern industrial heartland of coal mines and factories...
