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With grocery bills soaring and petrol prices hitting, drivers letting their policies lapse. Toyota Motor Philippines Corp. is looking to introduce more hybrid electric vehicles in the country following the government’s… The country has found an effective marketing person in one of the President’s latest Cabinet hires. Last month, the Canadian Medical Association warned that Canada’s health-care facilities are among the oldest public infrastructure in use. Half were built more than 50 years ago, making them especially vulnerable to extreme climate events. Powerful storms killed at least 15 people and left a wide trail of destruction Sunday across Texas, Oklahoma and Arkansas during the latest deadly weather to strike the central U.S.

• Apple delayed its return to office “to a date yet to be determined.” The company told employees on Wednesday of the change in plans after already pushing back its return date three times.
• This website is using a security service to protect itself from online attacks.
• A global chip shortage has hurt a wide range of industries, including consumer electronics and cars.
• The property giant will incur costs of up to $1.475 billion as it shifts away from the overseas construction markets and focuses on its Australian businesses.

Ford stock was down 1.8 percent Monday, but was still up about 120 percent for the year. The spread of the new variant has also prompted companies to go fully remote, to bar nonessential staff from the office and to cancel mass gatherings. CNN and JPMorgan Chase are among the companies that have set renewed work-from-home models. The World Economic Forum announced Monday that it was postponing its annual meeting in Davos, Switzerland. But the biggest decliner in Britain’s FTSE 100 was Informa, which organizes large in-person events.

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Ethiopian runners Tesfaye Anbesa and Maregu Hayelom are the winners of the Tartan Ottawa International Marathon on Sunday. The challenges facing home buyers mean it’s all the more important to do research and negotiate on rates, mortgage experts say, though they also caution that there’s more to focus on than just what looks like the cheapest upfront option. The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows. In his column for CTVNews.ca, financial advice expert Christopher Liew explains the benefits of adopting a debt-free lifestyle, as well as the change in financial mindset and sacrifices it takes. Metro Vancouver renters are spending nearly two thirds of their monthly income on rent – more than double the recommended rent-to-income ratio – a new report suggests.

• When the pandemic took hold almost two years ago, policymakers in Washington decided

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Meanwhile a third set of figures, from the Federation of Small Businesses, showed confidence growing but reported that one in seven small firms planned to make some or all employees redundant this quarter. “Pent-up business and consumer demand are set to power a strong profits recovery.” “Having come through the deepest downturn in 300 years UK businesses are firmly focussed on growth,” Mr Stewart said. High street and hospitality firms, among those worst hit by the slump with billions in lost sales and hundreds of thousands of jobs lost, are hoping for a boost as reopenings take place this week. A quarterly poll by Deloitte of finance directors at leading UK companies showed optimism was at its highest level since the survey was launched 13 years ago.

• From Waiter to Guest at Nantucket’s Grande Dame HotelA writer returns to a classic Massachusetts hotel, where he worked 50 years ago, to ponder how he, the island, and the newly refurbished inn, have changed.
• Adani Enterprises stock rose 1.7% to 3,445.05 today and has almost tripled since its fall in February 2023.
• At Planet Money, a multimedia team of reporters tracks down the economists, investors and regular folks who are trying to make sense of the rapidly changing global economy.
• Southwest was the only one of the nation’s largest airlines to report a profit for the final quarter of last year.
• On the other hand, a surprising surge in inflation is preventing the economy from rebounding more quickly, or feeling more normal.

Libor relied on self-reported estimates of borrowing costs from banks, and prosecutors and regulators said traders pushed for those bids to be artificially high or low to make certain financial assets more profitable. Mr. Claure will also retain his personal stakes in T-Mobile and the merged entity. With the 2024 presidential election looming, forecasts showing federal budget deficits and the national debt continuing to grow have bond investors on edge as fiscal risks increase. Bank of Montreal appointed Blake Jespersen as head of debt capital markets, with Richard Sibthorpe stepping down at the end of June after a decade leading the unit, according to people familiar with the matter. Kevin Downey, Ms. Holmes’s lawyer, said she had not purposely misled investors and patients with her statements.

BI, UAE central bank cooperate on cross-border payments, financial crime

FOX Business’ Stuart Varney discusses Sen. Elizabeth Warren’s Ultra-Millionaire Tax Act as the U.S. stock market continues to enrich tens of millions of investors. Gildan Activewear Inc.’s entire board of directors and Chief Executive Officer Vince Tyra quit on Thursday, conceding defeat after a bruising five-month battle with an activist shareholder over the future of the Canadian clothing maker. May 22, 2024 • A … Read More...

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AllBirds, which also makes shoes from sustainable sources, cashed in on that interest this year in an initial public offering that valued it at about $4 billion. Rothy’s, which introduced its shoes in 2016 and is based in San Francisco, is known for its eco-friendly — and fashionable — ballet flats, worn by celebrities such as Meghan Markle. The brand says it makes its shoes from single-use plastic bottles in a 300,000-square-foot factory in Dongguan, China.

• The average cost of a one-bedroom unit in November was $1,911, up 13.6 per cent from the same month in 2022, while the average asking price for a two-bedroom was $2,260, up 10.5 per cent annually.
• This move indicates the company’s confidence in its continued growth and aims to broaden its investor base.
• Last month, the Canadian Medical Association warned that Canada’s health-care facilities are among the oldest public infrastructure in use.
• Fox Corporation, the owner of Fox News, told employees on Friday that those working in New York City would have to show proof they’d had at least one dose of the Covid vaccine by Dec. 27, removing the option to get tested weekly instead.
• His statement contradicts what Gildan director Luc Jobin told Bloomberg and other news outlets on Sunday.

Clover and Square are top credit card processors with various features that appeal to different businesses. Jio Leasing Services, a Jio Financial Services subsidiary, will rent out the equipment it buys to customers of Reliance Jio Infocomm – Reliance’s telecommunications arm – the financial services company said. The carbon fuel took a 34% share in Turkey’s power production versus the European average of 13% in the first four months of the year. Iran’s parliament has approved a proposal to implement a two-day weekend for government employees, marking a significant shift in the country’s working week structure after years of debate and opposition. The food service company plans to take a greater share of New Zealand’s online food market. The Toronto-based research arm of life sciences technology firm Klick Health has found a way to analyze voices in a manner that’s so granular, it can tell whether it’s a person or an artificial intelligence-powered machine.

Germany names a career central banker, Joachim Nagel, to head the Bundesbank.

The F.C.C. told China Telecom in October that it could no longer offer service in America. The crackdown on the manipulation of what was formally known as the London Interbank Offered Rate was one of the major criminal prosecutions to arise from the financial crisis of 2008. Big lenders including Deutsche Bank paid billions of dollars in penalties to authorities in the United States and Britain to resolve accusations that their traders sought to rig Libor. … Read More...

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