economy

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Feds establishing guidelines to reopening economy, won’t be as easy as ‘flipping a switch’: PM

OTTAWA — In an effort to temper expectations, Prime Minister Justin Trudeau says there isn’t a one-size-fits-all approach to reopening the economy and while it may happen more quickly in one province, others will have to remain patient. Trudeau said he and his team will work with provincial and territorial leaders on a set of […]

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Coronavirus: Business leaders tell Trump testing is key to restarting economy during taskforce phone call, report says

Guaranteed widespread coronavirus testing is the key to restarting the United States workforce, industry leaders told President Donald Trump on Wednesday as part of a new phone-call led business council, reports say. Members on the call emphasised the importance of testing in the first meeting of Mr Trump’s new business council according to one person briefed on […]

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Uncategorized

How do you restart an economy? Germany has a plan

Even as the novel coronavirus continues to spread around the world, European governments are starting to think about how to re-open factories, offices and schools while minimizing the chance of further outbreaks. Austria on Monday said it would gradually begin to reopen shops after Easter, becoming the first country in Europe to do so. Pressure […]

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Uncategorized

IRS, Facebook Square Off In Court Over $9 Billion In Unpaid Taxes

SAN FRANCISCO (Reuters) – Facebook Inc is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world’s largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland. The trial, which Facebook expects […]

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Wastewater

N.S. government extends Northern Pulp’s use of Boat Harbour wastewater treatment plant until April – Halifax

Northern Pulp will continue to use its Boat Harbour wastewater treatment plant until the end of April as the company prepares the facility for its indefinite closure. On Wednesday, Northern Pulp announced it had received an order from Nova Scotia Minister of Environment Gordon Wilson that directs the continued use of its wastewater treatment plant […]

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Arab World

UAE confirms new coronavirus case in family arriving from China

A family in the United Arab Emirates, arriving from China’s central city of Wuhan, has been diagnosed with a case of the new coronavirus, the health ministry said on Wednesday, Trend with reference to Reuters reports. It is the first known confirmed case in the UAE of a virus that has killed at least 132 […]

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Other News

At least 17 killed as extreme cold sweeps across Afghanistan

A severe cold snap killed at least 17 people in Afghanistan, government officials said, as heavy snowfall and rain continued to lash parts of the country, Trend reports citing Reuters. Afghanistan is no stranger to extreme winter weather, during which various warring groups in the country have historically ceased hostilities, but this year has been […]

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ICT

Azerbaijan’s Azercosmos and Turkey’s Digiturk sign co-op agreements

BAKU, Azerbaijan, Dec. 27 Trend: Azerbaijan’s Azercosmos OJSC and Turkey’s Digiturk digital platform signed cooperation agreements with Vodafone mobile communication operator, Azercosmos told Trend. In accordance with the contract, Digiturk will broadcast football games in Turkey, using the Azerspace-1 satellite. Vodafone will also render these services using the resources of Azerspace-1 satellite. The contracts signed […]

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Canadian Economy
Economy
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Red flags on Canadian economy abound, but it might be too soon to sound the alarm

The Canadian economy is labouring. Statistics Canada on Dec. 23 reported that gross domestic product dropped 0.1 per cent in October, the first decline in eight months. Last week, it observed a drop in sales at retailers, wholesalers and factories. And the agency’s latest inflation report showed that the average of the Bank of Canada’s […]

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