News & Events

International Breaking news, trending topics, community events from the Health, Business and Finance Industry: Discover the what’s hot in our epaper news and events blog.

Breaking News: Bank of Canada closer to inflation target, rate cuts than it thinks
News & Events

Breaking News: Bank of Canada closer to inflation target, rate cuts than it thinks

Breadcrumb Trail LinksNewsClear path to 2% inflation seen in third quarter instead of next yearPublished Feb 23, 2024  •  Last updated 22 hours ago  •  5 minute read Inflation in January cooled more than expected to 2.9 per cent year over year. Photo by GettyArticle contentCooler-than-expected inflation numbers have left one strategist even more skeptical of the Bank of Canada‘s conservative forecast for when the consumer price index will return to target, suggesting the door to interest rate cuts could open much sooner than the central bank has predicted.Article contentThe Bank of Canada said in its January Monetary Policy Report that it doesn’t expect the consumer price index to come close to its two per cent target until 2025. But Taylor Schleich, a rates strategist at National Bank o...
Breaking News: UK-born woman who joined ISIS, loses appeal to restore citizenship
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Breaking News: UK-born woman who joined ISIS, loses appeal to restore citizenship

A British-born woman who went to Syria as a schoolgirl to join Islamic State lost her latest appeal on Friday over the removal of her British citizenship. Shamima Begum who traveled to Syria as a teenager to join the Islamic State group (AP) The British government took away Shamima Begum's citizenship on national security grounds in 2019, shortly after she was found in a detention camp in Syria. Hindustan Times - your fastest source for breaking news! Read now. Begum, now 24, argued the decision was unlawful, in part because British officials failed to properly consider whether she was a victim of trafficking, an argument that was rejected by a lower court in February 2023. The Court of Appeal in London rejected her appeal on Friday following an appeal in October. Judge Sue Carr ...
Breaking News: Canadian scallop quota valued at 0M sells to 3 Nova Scotia companies | CBC News
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Breaking News: Canadian scallop quota valued at $200M sells to 3 Nova Scotia companies | CBC News

In a blockbuster seafood deal, St. John's-based Ocean Choice International (OCI) has sold its Canadian offshore scallop quota — worth an estimated $200-million — to three Nova Scotia companies.Ocean Choice held 16.77 per cent of the offshore scallop quota, which is fished mostly on Georges Bank off southern Nova Scotia.A key driver in the sale was the sinking of the company's factory trawler Atlantic Destiny on Georges Bank in March 2021.CEO Martin Sullivan says they opted not to replace it."We had to make a decision on a new vessel and with the current economic climate, interest rates and everything it was a hard decision to make," Sullivan told CBC News."We were looking at our options and we talked to these three Nova Scotia companies that have been industry partners of ours for a long t...
Breaking News: Russian Blogger Who Disclosed War Losses In Ukraine Dies By Apparent Suicide
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Breaking News: Russian Blogger Who Disclosed War Losses In Ukraine Dies By Apparent Suicide

A 44-year-old pro-war Russian blogger, Andrey Morozov, has reportedly died by suicide days after he claimed that Russia suffered huge losses in Ukraine.Morozov, who served as a soldier on the front line in Ukraine, made the revelation in a Telegram post on his channel on Sunday.He wrote that Russia lost 16,000 personnel and 300 pieces of armour during its assault on the Ukrainian city of Avdiivka. The city fell to Russia on Saturday. The fall of Avdiivka is being termed as Russia's first major success in Ukraine in more than nine months.In his last post on Tuesday, he said he had decided to "execute" himself. Morozov claimed that he was being pressured by his superiors to delete the post about the losses in Ukraine, per a report in The Independent. "We spoke with him at night, two or three...
Breaking News: Reddit Files to Go Public, in First Social Media I.P.O. in Years
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Breaking News: Reddit Files to Go Public, in First Social Media I.P.O. in Years

Reddit, the community-focused message board site, filed to go public on Thursday, paving the way for it to be the first major social media company to debut on the stock market in years and a test for private companies after a drought in initial public offerings.In an offering prospectus, Reddit disclosed its financial performance in preparation for selling shares to investors. The San Francisco-based company reported that its revenue rose more than 20 percent as its losses narrowed last year. It added that it had 73 million daily users and more than 100,000 active communities.The prospectus kicks off a process to the stock market, with the 18-year-old company set to meet potential investors to whet their appetites for buying its shares. Reddit could go public on the New York Stock Exchange...
Breaking News: Founder and family of Byju’s to not attend EGM, call it invalid
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Breaking News: Founder and family of Byju’s to not attend EGM, call it invalid

Mumbai: Describing an extraordinary general meeting called by the investors as “procedurally invalid", the founder family of Think & Learn, the parent company of Byju’s, said founder and CEO Byju Raveendran and other board members will not attend it. People with knowledge of the consortium of investors’ plans said the EGM will be held. It has been called by key shareholders on 23 February to take stock of the liquidity situation and to oust Raveendran as CEO. "This EGM is procedurally invalid, contractually in contravention of our AOA and SHA, legally on the wrong side of the Companies Act, 2013. Byju Raveendran or any other Board member will not attend this invalid EGM. This means the EGM, if it is still summoned, will...
Breaking News: Stock market LIVE: Nifty below 22,000; financial, energy stocks slip | News on Markets – Business Standard
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Breaking News: Stock market LIVE: Nifty below 22,000; financial, energy stocks slip | News on Markets – Business Standard

Stock market LIVE updates on February 22, 2024: Despite strong global cues, domestic equities were volatile in Thursday's trade with the benchmark indices swinging between gains and losses. The S&P BSE Sensex was near the day's low level of 72,160, down 450 points, while the Nifty50 dropped around 150 points to quote below 21,900 levels. The broader indices, which were seen outperforming the frontline indices, erased gains with the BSE MidCap and the BSE SmallCap indices slipping 0.3 per cent each. Among sectors, the Nifty PSU Bank index fell over 1 per cent, the Nifty Bank 0.9 per cent, and the Nifty Pharma 0.7 per cent. Source link
Breaking News: Indian market is a story of premiumisation, says Pernod Ricard India CEO | Interviews – Business Standard
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Breaking News: Indian market is a story of premiumisation, says Pernod Ricard India CEO | Interviews – Business Standard

Premium Jean Touboul, CEO, Pernod Ricard India Pernod Ricard India, which houses brands such as Chivas, Absolut and Jameson, among others, expects to see premiumisation growth at all price points and also hopes to grow at a faster clip compared to the remaining market. In a video interview, Jean Touboul, chief executive officer (CEO), Pernod Ricard India, speaks to Sharleen D’Souza about India being one of the important markets globally. Edited excerpts:  How do you see single malt whisky growing in India? When you look at the Indian market, it is a story of premiumisation at all levels and all price points. So, this (Longitude 77) Indian single maltFirst Published: Feb 22 2024 | 7:00 AM IST Source link
Breaking News: Canadians’ grocery shopping habits increasingly driven by discounts and deals: report
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Breaking News: Canadians’ grocery shopping habits increasingly driven by discounts and deals: report

Halifax - Almost two-thirds of Canadians say they have switched their primary grocery store in the past year to score better deals. A new survey by Dalhousie University's Agri-Food Analytics Lab and marketing insights firm Caddle found that almost 30 per cent of respondents exclusively choose their grocery stores based on in-store discounts and promotions. While in-store, the report found that almost 60 per cent of Canadians consistently seek discounted food products, with preferences for discounts on expiring or clearance items. According to the survey, which was conducted through Caddle's platform, flyers remain the most common way for shoppers to discover discounts, followed by mobile apps and in-store signs. The report says that fresh prod...
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