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…
Amidst a pivotal moment characterized by impending environmental and technological shifts, an investment firm emerges as a catalyst poised to lead Europe towards a sustainable and digitally progressive future. Known for its innovative approach to investing, Verdane recently established a historic €1.1 billion ($1.2 billion) fund aimed at supporting businesses that propel Europe’s ecological and…
According to a report published on Sunday morning by the Financial Times, Apple faces a fine of €500 million (equivalent to about $539 million USD) following an investigation by regulators prompted by a complaint from Spotify. The music streaming service alleged that Apple’s policies restrict iPhone apps from informing users about cheaper alternatives to Apple…
A substantial quantity of Pfizer’s Paxlovid, a crucial antiviral drug for Covid-19, has gone unused and expired in Europe, resulting in significant financial losses for purchasers. Stringent restrictions on the eligibility for receiving the medication have led to millions of doses being wasted, in stark contrast to the drug’s accessibility in the United States. In…
According to the Institute of International Finance, markets like the United States and Japan were the main drivers of the growth in global debt, which reached a record $307 trillion in the second quarter of the year despite rising interest rates restricting bank credit. The amount of global debt in dollars increased by $10 trillion…
In a statement on Tuesday, the US’s largest bank, JP Morgan & Co., announced that it has increased its stake in C6, a Brazilian digital bank, to 46% from 40%, without disclosing the financial terms. Since 2021, the C6 had expanded their clients to 25 million from 8 million, the banks said, and when JPMorgan…
The bank released a statement on Thursday saying that the employees will be held accountable for adhering to the norms of the hybrid work model at Citigroup. According to the report released by Bloomberg, the bank will monitor whether the employees are meeting the requirement of working for at least three days a week in…
On Monday, European shares dipped as investors awaited further stimulus measures from China to boost demand. They also awaited and watched this week’s hearing from Federal Reserve Chair Jerome Powell for any indication on the U.S. central bank’s rate outlook. The STOXX 600 index for all of Europe decreased by 1.0%, while the DAX index…
According to a survey released on Tuesday, British shop price inflation hiked this month and reached the highest value since the record was started in 2005, although there was a slight cooldown in the growth of food prices. According to the British Retail Consortium, there was a hike in prices at retail chains and supermarkets….
