Tag Archives: Business

Biden Gains Two Key Economic Advisers

WASHINGTON — The Senate confirmed two key members of President Biden’s economic team on Tuesday, ushering in Gina Raimondo, the governor of Rhode Island and a former venture capitalist, as the next secretary of commerce, and Cecilia Rouse, a Princeton University economist, as chair of the White House Council of Economic Advisers. Dr. Rouse will […]

Sending bank customer info to U.S. avoided potentially ‘catastrophic effects’: Canada

OTTAWA — The federal government is telling an appeal court it had to provide U.S. authorities with customer information from Canadian banks to avoid possibly “catastrophic effects” on Canada’s economy. The U.S. Foreign Account Tax Compliance Act, known as FATCA, requires banks and other institutions in countries outside the United States to report information about […]

Venezuela again! – Stabroek News

No one with knowledge of the long-standing territorial controversy between Guyana and Venezuela is likely to be shocked over the recent seizure of two Guyanese fishing vessels by the Venezuelan Navy and the detention of their Guyanese crew in Guyana’s territorial waters late last month. Notwithstanding the release of the boats and crew on Tuesday, […]

British Airways parent company suffers record loss on virus

LONDON, United Kingdom (AFP) — IAG, owner of British Airways and other European airlines, said last Friday it plunged into a record annual net loss of 6.9 billion euros (US$8.4 billion) as the coronavirus pandemic paralysed air travel. IAG, which also owns Spanish airline Iberia and Ireland’s Aer Lingus, said last year’s huge loss after […]

Repaid CERB wrongly listed as taxable income on some tax slips: CRA – National

When the COVID-19 pandemic closed schools last spring, crosswalk guard and recent graduate Danny Thomson was encouraged by the Ottawa Safety Council to apply for the new COVID-19 emergency benefits. But even though Thomson returned $3,000 in Canada Emergency Response Benefits last year after they realized they were ineligible, their tax slip from the […]

Micro and small business sector is being left behind

Sufficient time has elapsed, we believe, for the new government to provide a clear policy picture in relation to the level of support that the local small business community can anticipate from it in terms of initiatives that can help to strengthen the sector if only on account of the substantial job-creation and poverty alleviation […]

UK economy ‘to recover from coronavirus by the summer’ after vaccine hope, economists predict

ECONOMISTS have upgraded the UK’s growth forecasts on the back of positive indications for a successful coronavirus vaccine. The hope is that Pfizer’s vaccine will mean that lockdown restrictions can be lifted, ending the massive strain on UK businesses. 2 The FTSE 100 spiked as the news of possible vaccine hit the markets The hospitality, […]

India exits recession with 0.4% quarterly growth

NEW DELHI, India (AFP) — India’s economy grew 0.4 per cent year-on-year in the final quarter of 2020, official data showed late last week, ending its first recession since independence as easing coronavirus restrictions sparked a modest recovery. The country has struggled to claw back lost ground after a stringent, months-long lockdown caused the labour […]

Amazon quietly changed its app icon after some unfavourable comparisons

Amazon has quietly changed the design of its new app icon, replacing the blue ribbon on top that drew some unfavourable comparisons. Users of the Amazon Shopping app will now see a brown box that resembles a parcel with a blue strip that looks like packaging tape above the company’s signature arrow in the shape […]