Inflation in Canada is mostly due to global forces such as the war in Ukraine and supply chain disruptions, says Frances Donald, global chief economist for Manulife Investment Management. This means interest rate hikes by the Bank of Canada won't help reduce inflation but could reduce growth.
An attack on pro-government fighters by suspected members of the Islamic State group in central Syria killed 22 pro-government fighters, an opposition war monitor and pro-government media reported Friday. Gunmen attacked a bus carrying members of the Quds Brigade, a government and Russian-backed faction of mostly Palestinian fighters in Syria, near the town of Sukhna late Thursday night. There was no immediate claim of responsibility but both the Syrian Observatory for Human Rights, a U.K.-based opposition war monitor, and the pro-government radio station Sham FM said IS was behind the attack.
San Francisco is the latest U.S. city preparing to receive a pair of pandas from China, in a continuation of Beijing’s famed “panda diplomacy.” San Francisco Mayor London Breed announced the panda loan in Beijing on Friday, alongside officials from China Wildlife Conservation Association, or CWCA.
Private equity firm Blackstone Inc is nearing a deal to sell its controlling stake in South Korean wholesale drug distributor Geo-Young to North Asian buyout fund MBK Partners for over $1 billion, three sources said. Blackstone is in final negotiations with Seoul-headquartered MBK about the sale and signing of the deal could happen soon, said one of the sources, who all declined to be named as the information is confidential. Representatives from Blackstone, MBK and Geo-Young declined to comment.
China is widely expected to leave benchmark lending rates unchanged on Monday, a Reuters survey showed, as encouraging first quarter economic data reduces the urgency for further monetary stimulus to aid a fragile recovery. The loan prime rate (LPR) normally charged to banks' best clients is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China (PBOC). Most new and outstanding loans in the world's second-largest economy are based on the one-year LPR, which stands at 3.45%.
STORY: Israel has struck back at Iran. That was according to three Reuters sources on Friday. Iranian state media reported explosions near an army base in the central city of Isfahan, and said drones were shot down. Reports said nearby nuclear facilities in Natanz - which the west suspects are involved in developing atomic weapons - were not damaged. The apparent strike comes days after Iran fired hundreds of drones into Israel in retaliation for the attack on the Iranian embassy in Damascus in Syria. Most of Iran’s drones and missiles were downed before reaching Israeli territory.There was no comment from Israel on the reports of an attack. Iran Foreign Minister Hossein Amirabdollahian on Thursday had told the United Nations Security Council that Israel should refrain from any action: “Iran's legitimate defense and counter-measures have been concluded. Therefore, the Israeli regime, the terrorist Israeli regime, must be compelled to stop any further military adventurism against our interests. Certainly, in case of any use of force by the Israeli regime and of violating our sovereignty, the Islamic Republic of Iran will not hesitate a bit to assert its inherent right, to give a decisive and proper response to it to make the regime regret its actions.”Iran's state media says flights have been suspended over several cities. Flight tracking sites showed some airliners making sharp turns away from the country's airspace in the early hours of Friday. Israel had warned it was going to retaliate against Iran's April 13 missile and drone attack.Numerous countries had urged restraint, concerned that any retaliation could spark a broader conflict in the region. One Reuters source says the U.S. was notified of the Israeli strike, but not involved. Iran's president has said the country would deliver a "severe response" to any attack on its territory.
Taylor Swift has surprised her fans by releasing a secret “double album” expansion of her latest work at 2am.
Private equity firm Blackstone Inc is nearing a deal to sell its controlling stake in South Korean wholesale drug distributor Geo-Young to North Asian buyout fund MBK Partners for over $1 billion, three sources said. Blackstone is in final negotiations with Seoul-headquartered MBK about the sale and signing of the deal could happen soon, said one of the sources, who all declined to be named as the information is confidential. Representatives from Blackstone, MBK and Geo-Young declined to comment.
In the wake of Israel’s retaliatory attack on Iran in the early hours of Friday, oil prices spiked before sharply reducing their gains.
A video showing Chinese President Xi Jinping giving a speech to the Chinese armed forces has been going viral on social media since mid-March. The accounts that are sharing this footage say that it offers proof that China is ready to deploy its army if the United States and NATO attack Russia. But it turns out that the video was filmed six years ago. If you only have a minute: A video showing Chinese President Xi Jinping giving a speech to China’s armed forces, the People’s Liberation Army, went
From production processes to final touches, there's a lot of care that goes into crafting fine cashmere pieces. Here, see the brands that do it best.
People aged over 75 or with a weak immune system urged to come forward
Q1 2024 S&T Bancorp Inc Earnings Call
Russia strikes two cities in Ukraine's central Dnipropetrovsk region, hitting the station in Dnipro.
No cubs were physically harmed when a group pulled the baby black bears out of trees to take photos.
Suspiciously capitalized letters in "thanK you aIMee" and snake references in "Cassandra" point to a long-running feud between Swift and Kardashian.
Q1 2024 Synovus Financial Corp Earnings Call
Fans expecting a post-mortem of the musician’s six-year relationship with Joe Alwyn have been left surprised, as Swift seems to spend more time dissecting her brief fling with The 1975 frontman
UK is ‘very firmly engaged in counselling moderation,’ says government minister
Retailers reported a 3.2% rise in sales of automotive fuel last month.
Betting shop revenue was down 7%, while UK online sports revenue dipped by 1%
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