OTTAWA, March 20 (Reuters) – Canada must boost investments in the green transition in this year's federal budget which is due out next week, or else it risks losing out on a one-time opportunity to boost jobs and the economy, Finance Minister Chrystia Freeland said on Monday.
Canada's federal budget will include a "serious investment" in clean technologies, Freeland said without providing details, though she also promised fiscal restraint in the face of high inflation.
"Today, and in the years to come, Canada will either capitalize on the historic opportunity before us, or we will be left behind as the world’s democracies build the clean economy of the 21st century," Freeland said in a speech in Oshawa, Ontario. (Reporting by Steve Scherer Editing by Chris Reese)
Troubled regional lenders will starve indebted businesses and households of credit, trigger a hard landing, and turn a liquidity crisis into a balance sheet crisis, warns the noted economist.
Russia's arrest of a journalist who detailed its economic woes is an act of desperation—and probably not the last one.
People are rushing into money-market funds. Total assets held in money-market funds, which are investment vehicles that buy cash-like securities such as short-term Treasury bills, recently reached close to $5.5 trillion, according to RBC. Earlier this year, money-market fund assets stood at roughly $4.5 trillion, a level at which people stopped pouring more money into those funds a few times in the past few years, opting instead to buy other assets like stocks.
Walt Disney has for now outmaneuvered Florida Gov. Ron DeSantis in the battle for control over the more than 24,000-acre parcel near Orlando where Walt Disney World Resort is located.
Digital World Acquisition Corp. stock, the special purpose acquisition company aiming to take former President Donald Trump's tech and social-media platform public, soared Friday after a grand jury voted Thursday to indict Trump. The grand jury voted to indict Trump Thursday after hearing evidence the former president allegedly paid hush-money to a porn star during the 2016 election. Trump is now expected to come to New York to face the charges.
Exception-based coverage signals to depositors that they might get some extra protection at a systemically important bank–and compounds risk.
Florida lawmakers passed a bill in February giving Governor Ron DeSantis effective control over a board that oversees municipal services and development in a special district that encompasses Walt Disney World resort. But before the takeover by DeSantis's appointees, Walt Disney Co pushed through changes to the special tax district agreement that limit the board's action for decades, according to the Orlando Sentinel, which quoted lawyers for the board who spoke at a meeting on Wednesday. "It completely circumvents the authority of this board to govern," board member Brian Aungst Jr. was quoted as saying.
Social Security would be able to pay out only 77% in benefits starting in 2033, according to the new estimates.
Even though the Federal Reserve might have started bending the inflation curve, Mick Mulvaney and Anton Schutz warn the central bank is ignoring "the real problem out there."
Borrowing rates are likely going to top 5 percent before the Fed calls it quits.
Issued by the Treasury Department Friday, the criteria aim to make the U.S. less reliant on batteries and critical minerals shipped from China.
(Bloomberg) — Tesla Inc. is looking to build a battery plant in the US, according to people familiar with the matter, in what would likely be a controversial arrangement with China’s dominant electric-vehicle battery manufacturer.Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentSingapore’s Changi Sees Immigration System Restored After DelaysA $3 Trillion Threat to Global Financial Markets Looms in Japan$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot Ma
(Bloomberg) — Beijing opened a new front in the escalating semiconductor battle between the the US and China, launching a cybersecurity review of imports from America’s largest memory-chip maker, Micron Technology Inc. Most Read from BloombergParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentUS Stocks Extend Rally as Traders Eye Peak Rates: Markets WrapWorld’s Top-Rated Airport Sees Immigration System RestoredR
What are American values?
By prosecuting an American journalist, Putin has crossed a line that even he had never crossed before–and every bloodthirsty despot will be watching.
(Bloomberg) — Former Treasury Secretary Lawrence Summers said it’s too soon to be confident that the US has turned a corner on financial troubles that were sparked by the Federal Reserve’s rapid interest-rate hikes.Most Read from BloombergParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentUS Stocks Extend Rally as Traders Eye Peak Rates: Markets WrapWorld’s Top-Rated Airport Sees Immigration System RestoredRead
(Bloomberg) — Underlying inflation in the euro area hit a record in March, handing ammunition to European Central Bank officials who say interest-rate increases aren’t over yet.Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentWorld’s Top-Rated Airport Sees Immigration System RestoredHow King Charles Got Thrown Into Disney’s Fight With Florida Governor DeSantisTrump to Be Arraigned Next Week After Historic IndictmentStocks Rally as Traders Eye Peak Rates After
A Delaware judge's ruling Friday set the stage for a dramatic springtime trial on whether Fox News bears financial responsibility for airing false allegations that a voting machine company rigged the 2020 presidential election against former President Donald Trump. Superior Court Judge Eric Davis ruled that it was “CRYSTAL clear” that none of the allegations made by Trump allies on Fox in the weeks after the election were true. Davis said it was up to a jury to decide whether Fox acted with actual malice in airing the claims and, if so, how much money Dominion is entitled to in damages.
Under intense scrutiny from Washington that could lead to a potential ban, the top attorney for TikTok and its Chinese parent company ByteDance defended the social media platform’s plan to safeguard U.S. user data from China. “The basic approach that we’re following is to make it physically impossible for any government, including the Chinese government, to get access to U.S. user data," said general counsel Erich Andersen during a wide-ranging interview with The Associated Press at a cybersecurity conference in Sausalito, California on Friday sponsored by Hewlett-Packard Foundation and Aspen Digital and featuring top government officials, tech executives and journalists.
The US Treasury Department announced new electric vehicle (EV) tax rules that will reduce or cut tax credits on EVs primarily made in foreign markets in an attempt to combat China’s growing market share in emission-free automobile production.
