Economy

In Brazil, Twitter users fear effect of Musk’s rule | Business and Economy News

It was Easter, and Lola Aronovich, a Brazilian literature professor, was enjoying a break at a beach with no internet access, totally unaware of the defamation campaign being orchestrated against her on Twitter. That day in April 2015, the son of Geraldo Alckmin, the former São Paulo governor and currently Brazil’s vice-president-elect, tragically died in …

In Brazil, Twitter users fear effect of Musk’s rule | Business and Economy News Read More »

China signs 27-year gas deal with QatarEnergy to secure supply | Business and Economy News

QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG) in the longest such agreement to date, as volatility drives buyers to seek long-term supplies. Since Russia’s invasion of Ukraine in February, competition for LNG has become intense, with Europe, in particular, needing vast amounts to help replace Russian pipeline …

China signs 27-year gas deal with QatarEnergy to secure supply | Business and Economy News Read More »

A look at how Canada compares to other countries amid high inflation – National

Decades-high inflation has Canadians worried about the rising cost of living, but as gloomy as things may seem, Canada appears to be faring better than many other major economies. Its national inflation rate is still lower than that of the United States, the European Union and the United Kingdom—whose year-over-year inflation rose to an eye-popping …

A look at how Canada compares to other countries amid high inflation – National Read More »

‘Extremely challenging’ year for NB fireplace, firewood suppliers as demand heats up – New Brunswick

Maritime Fireplaces owner Pat Bourque says record-high heating oil prices have more customers buying wood stoves and fireplaces to heat their homes. “Not just in our area, but even in the rest of the country, there’s been a huge demand. So our supply has been limited as far as getting wood stoves from our manufacturers,” …

‘Extremely challenging’ year for NB fireplace, firewood suppliers as demand heats up – New Brunswick Read More »

Is the Fed ‘going rogue’? Calls heat up to back off quest for 2% inflation

For at least a decade, the Federal Reserve’s position that a 2% inflation rate is where the economy’s best functions has been taken as gospel. But with a recession potentially on the horizon and the Fed continuing to slam on the brakes, calls are rising that the central bank should re-examine what has been essentially …

Is the Fed ‘going rogue’? Calls heat up to back off quest for 2% inflation Read More »

Elon Musk tells Twitter engineers to fly-in for meeting: Report | Business and Economy News

Amidst the chaos under new owner, the White House said Twitter should tell Americans how it’s safeguarding their data. Elon Musk on Friday asked any remaining Twitter employees who write software code to report to the 10th floor of the office in San Francisco by early afternoon, according to an email reviewed by Reuters. The …

Elon Musk tells Twitter engineers to fly-in for meeting: Report | Business and Economy News Read More »

Elon Musk tells Twitter engineers to fly-in for meeting: Report | Business and Economy News

Amidst the chaos under new owner, the White House said Twitter should tell Americans how it’s safeguarding their data. Elon Musk on Friday asked any remaining Twitter employees who write software code to report to the 10th floor of the office in San Francisco by early afternoon, according to an email reviewed by Reuters. The …

Elon Musk tells Twitter engineers to fly-in for meeting: Report | Business and Economy News Read More »

Elizabeth Holmes sentenced to more than 11 years in prison | Business and Economy News

The Theranos founder was sentenced on three counts of investor fraud and one count of conspiracy. A California judge has sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her now-defunct blood-testing startup that was once valued at $9bn. US District Judge Edward Davila in San Jose, …

Elizabeth Holmes sentenced to more than 11 years in prison | Business and Economy News Read More »

Japan’s inflation soars to 40-year high | Inflation

Japan’s inflation has risen to its highest level in 40 years as a weak yen drove up commodity prices already surging worldwide. Core consumer inflation, which excludes volatile fresh food prices, rose by 3.6 percent in October compared with the previous year, government data showed on Friday, the fastest pace of growth since 1982. While …

Japan’s inflation soars to 40-year high | Inflation Read More »

UK finance minister announces tax hikes and spending cuts, says country is in recession

Finance Minister Jeremy Hunt, in his hotly anticipated inaugural Autumn Statement, unveiled a sweeping £55 billion ($66 billion) fiscal plan. Anadolu Agency | Anadolu Agency | Getty Images LONDON — The UK government on Thursday unveiled a sweeping £55 billion ($66 billion) fiscal plan as it seeks to plug a gaping hole in the public …

UK finance minister announces tax hikes and spending cuts, says country is in recession Read More »