Wednesday January 26-th, 2022

B.C. offers small business eviction protection, urges landlord participation B.C. offers small business eviction protection, urges landlord participation

The B.C. government has launched a new program to protect small businesses from eviction if their landlords have not signed up for federal Canada Emergency Commercial Rent Assistance ( CECRA ). "I expect that it will, I hope, make a difference in e...

Saudi, Russia reach deal on oil cuts, raising pressure on laggards Saudi, Russia reach deal on oil cuts, raising pressure on laggards

The Organization of Petroleum Exporting Countries and its allies have spent the past four days discussing a proposal to bring forward their meeting by several days to Thursday. The OPEC+ group, comprising the Organisation of the Petroleum Exporting C...

Meituan Dianping Hits Record as Tech Shares Rally in Hong Kong Meituan Dianping Hits Record as Tech Shares Rally in Hong Kong

To maintain the peg, official Hong Kong interest rates track US monetary policy. Analysts say that would increase liquidity in the Hong Kong stock market and improve shares' upsides. UK Prime Minister Boris Johnson wrote about the possible in...

Service activity contracts again in May, PMI at 12 Service activity contracts again in May, PMI at 12

Slower declines in output, new work and employment helped improve the contraction. IHS Markit said Malaysia registered the softest downturn across the seven monitored countries in May. "Price pressures began to inflate in May after marked decreas...

Oil prices spiked by almost 90% in May Oil prices spiked by almost 90% in May

But a person familiar with its position said on Tuesday it was advisable to find a compromise. Friction has emerged between Russian Federation and Saudi Arabia, the two countries responsible for triggering a price war in March that along with the p...

Australia’s economy is in recession, Treasurer says after Q1 GDP contracts Australia’s economy is in recession, Treasurer says after Q1 GDP contracts

Compared with the same period a year ago, Australia's gross domestic product expanded by 1.4 percent, but that was the slowest expansion since the 2008-2009 global financial crisis. The economic fallout deepened in Australia as the number of local c...

Google faces multi-billion dollar lawsuit for monitoring private internet usage Google faces multi-billion dollar lawsuit for monitoring private internet usage

The lawsuit argues that while Google lets users turn off data collection when using its Chrome web browser, other Google tools used by websites themselves scoop up their data anyways. Jose Castaneda, a Google spokesman, said the Mountain View, Califo...

Oil prices rise before Opec+ meeting about extending output cuts Oil prices rise before Opec+ meeting about extending output cuts

Benchmark Brent crude rose 2.3 per cent, or 88 cents, to $39.20 a barrel as of 0840 GMT. West Texas Intermediate for July delivery rose 0.2% to $35.52 a barrel on the New York Mercantile Exchange as of 10:08 a.m.in Singapore. So far Saudi Arabia ...

U.S. stocks open lower amid civil unrest U.S. stocks open lower amid civil unrest

European markets trade mostly higher, with France's CAC +1.1% and U.K.'s FTSE +0.8% but Germany's DAX -1.6%; in Asia, Japan's Nikkei +0.8% and China's Shanghai Composite +2.2%. Of the 11 major sectors in the S&P 500, all but healthcare ended the sess...

Stress at India lenders may be worse than thought, Moody's says Stress at India lenders may be worse than thought, Moody's says

Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others. Mumbai-headquartered Union Bank of India had assets of Rs.5...

Jeff Bezos to invest in United Kingdom logistics startup Beacon - CRN Jeff Bezos to invest in United Kingdom logistics startup Beacon - CRN

The logistics tech company raised a total of $15 million in its latest round, which was led by USA venture capital firm 8VC and included other Silicon Valley heavy-hitters like former Google CEO Eric Schmidt and Uber founder Travis Kalanick.

Oil drops on worse than feared rise in United States fuel stocks Oil drops on worse than feared rise in United States fuel stocks

Data from the US industry group API showed crude stocks rose by 8.7 million barrels in the week to May 22, compared with analysts' expectations for a draw of 1.9 million barrels. "There's definitely a feeling those cuts have come through as well as y...

Moody's India rating a step above junk, worst to come: Rahul Gandhi Moody's India rating a step above junk, worst to come: Rahul Gandhi

Both Fitch Ratings and Standard & Poor's have the lowest investment grade rating and stable outlook for India and any downgrade will now lead to junk status. "Thereafter and over the longer term, growth rates are likely to be materially lower than in...

Updated pick-up tested by Fernando Alonso — Toyota Hilux Updated pick-up tested by Fernando Alonso — Toyota Hilux

From hot desert terrain, through windy dirt roads, as well as on gravel, Alonso put the Hilux through a rigorous regiment. Alonso drove the prototype alongside Toyota's Hilux-based rally raid truck as part of the Gazoo Racing motorsport outfit's pr...

U.S. stocks gain as signs of recovery offset protests, economic worries U.S. stocks gain as signs of recovery offset protests, economic worries

Investors mostly looked past the sometimes violent demonstrations across US cities, over the killing of George Floyd, an unarmed black man, by police, highlighting what many see as the disconnect between Wall Street and Main Street. ET and at 10 a.m....

Lexus IS to arrive on June 9 Lexus IS to arrive on June 9

Our enhanced version of the image reveals as much as Lexus will let our snoopy efforts reveal, showing the general silhouette of the new IS as seen directly from the rear. That decision might weigh on the engine choice: if Lexus chooses to carry over...

Coronavirus impact: Japan's factory activity contracts at fastest pace in May Coronavirus impact: Japan's factory activity contracts at fastest pace in May

Non-manufacturing PMI rose to 53.6 in May, from 53.2 in April, indicating consumer confidence may slowly be improving. The Society of Motor Manufacturers and Traders now expects the sector to produce fewer than one million vehicles in 2020, the l...

Ontario health sees slight uptick in positive COVID-19 cases Ontario health sees slight uptick in positive COVID-19 cases

This new data brings the total number of coronavirus-related deaths to 2,266 with the total number of cases the province has seen since the start of the pandemic at 27,859. Ontario has added another 344 cases of COVID-19 in the last 24 hours. It's ...

Feds offer early $2.2b payment to cities amid 'cash crunch' Feds offer early $2.2b payment to cities amid 'cash crunch'

Trudeau said that Infrastructure Minister Catherine McKenna has sent letters to all her provincial and territorial counterparts about how the accelerated process will work. Sources also indicate this help is only the first step for cities, with more ...

China says U.S. attempts to damage China's interest will be countered China says U.S. attempts to damage China's interest will be countered

A column published over the weekend by Global Times , a newspaper known as a Chinese Communist Party mouthpiece, also suggested Beijing would be justified if it openly backed the protests in the United States. On Sunday, Hu said Hong Kong protesters...

Stratford pupils begin to return to the classroom Stratford pupils begin to return to the classroom

Have you chose to send your child to school today? "Unless something dramatic changes very soon in terms of the government's scientific and medical advice, it will simply not be possible for primary schools to invite all pupils back for a whole mon...

'Mr President, don't go hide!' China mocks Trump over George Floyd protests 'Mr President, don't go hide!' China mocks Trump over George Floyd protests

Beijing has always been infuriated by criticism from Western capitals, especially Washington, over its handling of the protests that shook Hong Kong previous year. under its response to the Floyd demonstrators. Over the weekend, Chinese media also ...

Microsoft ‘To Replace Journalists On Its MSN Website With Robots’ Microsoft ‘To Replace Journalists On Its MSN Website With Robots’

The move has affected dozens of news contractors (about 50 in the US, 27 in the UK) who are not direct employees of Microsoft but work via staffing agencies, Aquent, IFG and MAQ Consulting. Employees were told Microsoft's decision to end the contract...

Premarket: World stocks near three-month peak, USA dollar sags Premarket: World stocks near three-month peak, USA dollar sags

The U.S. dollar sank to 11-week lows against a basket of currencies, with traders citing the riots as one factor fuelling uncertainty. In Thailand, the parliament on Sunday passed a 1.9 trillion baht package to support its virus-hit economy, drivin...

Iran Willing To Continue Fuel Shipments To Venezuela If Asked Iran Willing To Continue Fuel Shipments To Venezuela If Asked

The fuel from Iran comes at a time when the gasoline shortage in Venezuela, chronic for years in some parts of the country, worsened during the coronavirus pandemic. Iran will continue fuel shipments to Venezuela if Caracas requests more supplies, th...

IN CASE YOU MISSED IT