Asian shares were mostly higher on Thursday after a mixed trading session on Wall Street. Tokyo’s Nikkei 225 index was little changed after the release of disappointing factory and retail sales data. Shares fell in Hong Kong but most other regional benchmarks advanced. Japanese investors appeared to take in stride the choice of former Foreign […]
Tag Archives: business
TORONTO — Experts are advising Canadians to plan ahead and start their holiday shopping early if they don’t want to be disappointed amid ongoing global supply chain issues and shortages affecting various sectors. David Soberman, professor of marketing at the Rotman School of Management at the University of Toronto, told CTVNews.ca that COVID-19 outbreaks continue […]
In an economy upended by the coronavirus, shortages and price spikes have hit everything from lumber to computer chips. Not even toilet paper escaped. Now, they’re cutting into one of the humblest yet most vital links in the global manufacturing supply chain: The plastic pellets that go into a vast universe of products ranging from […]
Seafarers, truck drivers and airline workers have endured quarantines, travel restrictions and complex COVID-19 vaccination and testing requirements to keep stretched supply chains moving during the pandemic. But many are now reaching their breaking point, posing yet another threat to the badly tangled network of ports, container vessels and trucking companies that moves goods around […]
TORONTO — Are we facing a critical moment and potential financial tipping point for Canadians as many deal with the “COVID reality” and the “new normal” of life as we know it? According to a new report by the Canadian Payroll Association, for millions of Canadians who remained on the payroll since March 2020, the […]
Asian shares fell sharply on Wednesday after a broad slide on Wall Street as investors reacted to a surge in U.S. government bond yields. Tokyo’s Nikkei 225 sank 2.1% to 29,544.29 and the Kospi in Seoul dropped 1.2% to 3,062.18. The Shanghai Composite index shed 1.6% to 3,544.07. In Sydney, the S&P/ASX 200 gave up […]
U.S. Treasury Secretary Janet Yellen warned lawmakers that the federal government will likely run out of cash and extraordinary measures by October 18 unless Congress raises the debt ceiling. The new estimate from Yellen raises the risk that the United States could default on its debt in a matter of weeks if Washington fails to […]
LONDON — Prime Minister Boris Johnson sought to reassure the British public Tuesday that a fuel-supply crisis snarling the country was “stabilizing,” though his government said it would be a while before the situation returns to normal. Johnson’s government has put army troops on standby to help distribute gasoline and help ease a fuel drought, […]
TORONTO — Canada Mortgage and Housing Corp. says the country’s housing sector has moved from a moderate to high degree of vulnerability. The federal housing agency attributed the escalation in vulnerability to price acceleration and overvaluations across the country. CMHC says the high vulnerability is largely a reflection of intensified and persistent imbalances in several […]
VILNIUS — Lithuania’s Defence Ministry is drafting legislation to ban state institutions from purchasing “untrustworthy” equipment, after finding a censoring feature in a Chinese smartphone company’s flagship phone, Margiris Abukevicius, deputy minister at the Defence Ministry said. The censoring capability in Xiaomi’s Mi 10T 5G phone software has been turned off for the “European Union […]