OTTAWA, April 19 (Reuters) – The Canadian government issued the following budget projections on Monday: 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Budgetary balance (C$ blns) -354.2 -154.7 -59.7 -51.0 -35.8 -30.7 Percent of GDP: Budgetary revenues 13.4 14.7 14.8 14.9…
Read MoreSurging gasoline prices reignite metro Denver’s inflation rate – The Denver Post
Flat rents and moderating food costs weren’t enough to prevent a spike in gasoline prices from driving a four-fold increase in metro Denver’s previously subdued inflation rate last month, according to an update from the U.S. Bureau of Labor Statistics….
Read MoreCurrent US debt level 'very sustainable', says Fed chairman Jerome Powell
WASHINGTON (AFP) – US government borrowing is on an “unsustainable path” but the current debt level is “very sustainable” and the government will have no problem servicing it, Federal Reserve chairman Jerome Powell said on Wednesday (April 14). Powell acknowledged…
Read MoreMeituan, ByteDance pledge to comply with China's antitrust laws
BEIJING (BLOOMBERG) – Meituan, ByteDance and JD.com were among 12 Chinese tech giants that issued pledges to obey antitrust laws on Wednesday (April 14), a day after Beijing gave the companies a month to conduct internal reviews and comply with…
Read MoreTemasek, BlackRock to raise billions for carbon-cutting start-ups
NEW YORK (BLOOMBERG) – Two of the world’s most powerful money managers are joining forces to build a business on climate-change investing and raise one of the largest venture-capital funds dedicated to carbon-cutting technologies. BlackRock and Singapore’s Temasek Holdings formed…
Read MoreS'pore companies should get ready for post-pandemic supply chains
SINGAPORE – A broad overhaul of global supply chains is gradually picking up pace, with the focus now shifting from cutting costs to building resilience against unforeseen shocks like the coronavirus pandemic. Companies in Singapore that are directly or indirectly…
Read MoreChristian Siriano Spring 2021
Galleries Collection “Dear God, if there’s ever such thing as a live fashion show again, I promise not to complain anymore, not about traffic, or late starts or crummy venues, or dull clothes or excruciating schedules. I promise. Amen.” Christian…
Read MoreChinese billionaire family quietly expanding empire in Hong Kong
HONG KONG (BLOOMBERG) – A mainland Chinese property family is quietly building a presence in Hong Kong by snapping up land plots and even a prominent local newspaper. Shenzhen-based Kaisa Group’s Mr Kwok Ying Shing has become one of the…
Read More100 days of Brexit: Was it as bad as 'Project Fear' warned?
LONDON (BLOOMBERG) – The warnings were stark. A vote to leave the European Union, the British government said, would trigger an immediate recession, a painful fall in house prices, and a steep drop in exports. It’s almost 100 days since…
Read MoreAs US prospects brighten, Fed chief sees risk in global vaccination pace
WASHINGTON (NYTIMES) – Jerome Powell, the Federal Reserve chair, stressed on Thursday (April 8) that even as economic prospects look brighter in the United States, getting the world vaccinated and controlling the coronavirus pandemic remain critical to the global outlook….
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