OTTAWA- According to data released on Tuesday by the government statistics office, Canada’s inflation rate dropped to 2.7 percent in April, the lowest level in several years, raising the likelihood of an impending interest rate cut. The Consumer Price Index has now fallen below the upper end of the Bank of Canada’s 1.0–3.0 percent target…
Pakistan has four T-20s series against England before the T-20 World Cup next month in the Caribbean and the United States. Gary Kirsten is ready to start his two-year assignment as the coach of Pakistan’s white-ball cricket team, He will join the squad in England on May 19. Kristen has already been a part of the…
Several of Europe’s heavily indebted governments are facing a challenging year as they grapple with the reality of reducing borrowing while contending with political constraints. After years of unrestricted spending during the pandemic and soaring energy costs, 2024 was anticipated as a turning point for repairing public finances across countries like France and the UK….
Europe is set to resume magnesium mining after more than ten years, aiming to decrease its dependence on Chinese imports of vital raw materials. Romania, an EU member, recently granted a mining concession to Verde Magnesium, a company based in Bucharest and supported by Amerocap, a US private equity investor. Verde plans to inject $1…
MEPs were informed on Tuesday, during the launch of PsyPal, the inaugural EU-funded clinical research project exploring psychedelic-assisted mental health treatments, that despite the growing awareness of mental health issues, there hasn’t been a translation of this awareness into innovative treatments. Tilly Metz, a Greens MEP, highlighted the potential of psychedelics to revolutionize mental health…
The riskiest corporate debt is increasingly posing dangers for investors as signs of a growing default cycle emerge. Recently, the holding company of Thames Water Ltd. failed to meet payments on a £400 million bond ($504 million), while Altice France saw a drop in bond prices last month after announcing “discounted transactions” to reduce its…
A decade ago, Xi Jinping received a warm welcome in Duisburg, Germany’s Ruhr valley, where he commended the region as a focal point for Chinese investment. He celebrated the arrival of a train from Chongqing to Europe’s industrial heartland and enjoyed performances of traditional mining songs. However, a recent Chinese arrival in Germany, the BYD…
According to a recent industry report released on Tuesday, the global plastics production landscape has seen notable shifts, with Europe experiencing a decline in its share while China’s output has surged to encompass a third of the market. Over the period from 2006 to 2022, Europe’s contribution to global plastics production dwindled from 22 percent…
In an effort to boost Egypt’s flagging economy, EU leaders have reached a financial pact worth €7.4 billion (£6.3 billion). This endeavor aims to maintain regional stability and avert another European migrant catastrophe. The EU-Egypt strategic partnership spans three years and encompasses several components: €5bn in soft loans to support economic reforms, €1.8bn to encourage…
In a bid to bolster the enforcement of sanctions, the European Parliament has endorsed the implementation of new regulations extending to cryptocurrency assets. The objective behind this legislation is to streamline the enforcement of sanctions across the European Union’s 27 member states, aiming to rectify existing disparities and close loopholes that have hindered the efficacy…
