Participants walk in the street of the Alpine resort of Davos during the World Economic Forum. Fabrice Coffrini | Afp | Getty Images Davos, SWITZERLAND — China returned to Davos in full force this week as it attempts to thaw relations with the international community and court investment following years of Covid-19 lockdowns and rising … Read more
For thousands of small businesses, it’s time to pay up. Thursday marks the federal government’s deadline for firms to repay pandemic-era debt to get relief on their Canada Emergency Business Account (CEBA) loans. Through the CEBA program, Ottawa paid out nearly $49 billion to almost 900,000 businesses across Canada as many struggled due to closures … Read more
U.S. President Joe Biden delivers remarks on the U.S. economy and his administration’s effort to revive American manufacturing, during his visit in Flex LTD, a factory that makes solar energy microinverters, in West Columbia, South Carolina, U.S. July 6, 2023. Jonathan Ernst | Reuters The White House eagerly took credit Wednesday for December’s strong retail … Read more
Canada’s Housing Minister is warning that municipalities won’t succeed with applications for federal housing accelerator funding unless they are flexible on zoning rules. Speaking Wednesday at an Empire Club of Canada luncheon in Toronto, Sean Fraser said a willingness to adopt zoning reforms has been key for the communities that signed deals with Ottawa. Fraser … Read more
Former U.K. Prime Minister Gordon Brown Dan Kitwood/Getty Images Former U.K. Prime Minister Gordon Brown said Wednesday that the U.S. and other powerful nations must “persuade countries, not dictate to them” in an increasingly multipolar world. Much of the conversation at this week’s World Economic Forum in Davos, Switzerland, has focused on a breakdown of … Read more
Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images DAVOS, Switzerland — The rise of generative artificial intelligence has dominated private and public discussion at the World Economic Forum as the world’s largest technology … Read more
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all these very powerful forces that are going to be affecting us in ’24 and ’25,” Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at … Read more
DAVOS, Switzerland — Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum. “I call it the pet rock,” he added. Dimon is a long-time bitcoin critic. The bank chief said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment last … Read more
Holiday shopping turned out even better than expected in December as shoppers picked up the pace to close out a strong 2023, the Commerce Department reported Wednesday. Retail sales increased 0.6% for the month, buoyed by a pickup in clothing and accessory stores as well as online non-store businesses. The results were better than the … Read more
Prime Minister Anthony Albanese has committed to stage three tax cuts, despite growing calls for the measures to be scrapped for other cost-of-living relief measures. The tax cuts were unveiled by the former coalition government in the 2019 federal budget, and are due to come into effect on July 1. WATCH THE VIDEO ABOVE: Albanese … Read more
