European Central Bank President Christine Lagarde looks on as she attends the European Parliament’s Committee on Economic and Monetary Affairs, at the European Parliament, in Brussels, Belgium September 25, 2023. Yves Herman | Reuters President Christine Lagarde on Thursday said she was “proud and honored” to leead the European Central Bank, after her leadership was … Read more
A “For Sale” sign stands outside a home following a snow fall in Geneseo, Illinois, U.S., on Monday, Jan. 20, 2020. The National Association Of Realtors is scheduled to release Existing Homes Sales figures on January 22. Photographer: Bloomberg | Bloomberg | Getty Images Severe winter weather is hindering home sales across the country, according … Read more
Faced with scrutiny over issues of housing and affordability, the federal government resorted to a measure it once said would be a last resort. On Monday, Ottawa announced a cap on the number of international students coming into the country. The government’s line was clear. Many communities in the country were taking in temporary residents … Read more
The economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced, increased at a 3.3% annualized rate … Read more
The European Central Bank on Thursday held interest rates unchanged, and reiterated it would keep them high for a “sufficiently long duration” to bring inflation to target. The central bank is holding steady for the third straight meeting, after hiking its deposit rate to 4% in September. It said that recent data had “broadly confirmed” … Read more
Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the benchmark one-week repo rate was in line with economists’ expectations. … Read more
Consumers shop in Rosemead, California, on Dec. 12, 2023. Frederic J. Brown | Afp | Getty Images Economic growth likely slowed to its weakest pace in a year and a half to end 2023, possibly setting the stage for a more pronounced slowdown ahead, according to Wall Street economists. The consensus outlook for the fourth … Read more
The U.S. Navy is encountering a tenacious threat in the Red Sea. The Iran-backed Houthi rebels have launched wave after wave of low-cost precision weapons at vessels transiting the area, including attacks on U.S. warships themselves. “That’s one of the things [that] the Red Sea sort of demonstrates … we never know where the maritime … Read more
Anthony Albanese insists a broken election promise on tax cuts is the right thing to do in changed economic circumstances, promising middle-income earners an extra $800 a year. The prime minister will use a National Press Club address to outline his case for overhauling stage three tax cuts due to take effect in July. In … Read more
Descrease article font size Increase article font size French regulator CNIL said on Tuesday it had fined Amazon France Logistique 32 million euros (CAD$48 million) for what the CNIL said was an “excessively intrusive” surveillance system set up to monitor the performance of staff. The CNIL said indicators tracking the inactivity time of employees’ scanners had been … Read more
