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Bank of England hikes interest rates but resists bolder move

Bank of England hikes interest rates but resists bolder move

LONDON (AP) — The Bank of England raised interest rates by a quarter-percentage point Thursday, shrugging off pressure for a bolder move to combat price increases that have pushed inflation to a 40-year high .
Statistics Canada says wholesale sales down 0.5 per cent in April to $79.8 billion

Statistics Canada says wholesale sales down 0.5 per cent in April to $79.8 billion

OTTAWA — Statistics Canada says wholesale sales fell 0.5 per cent in April to $79.8 billion as the miscellaneous goods and the building materials and supplies subsectors posted the largest declines.
Mo'Nique, Netflix reportedly settle her suit alleging bias

Mo'Nique, Netflix reportedly settle her suit alleging bias

LOS ANGELES (AP) — Mo'Nique and Netflix reportedly have settled her lawsuit that accused the streaming service of racial and sexual discrimination for allegedly making her a lowball offer for a proposed comedy special.
Pakistani govt chided for 'Drink less tea, save money' plea

Pakistani govt chided for 'Drink less tea, save money' plea

ISLAMABAD (AP) — A minister in Pakistan's newly elected government faced criticism Wednesday following his plea to the nation to drink less tea to help save on imports amid a deepening economic crisis.
Asian shares gain after Fed assurance on rates lifts Wall St

Asian shares gain after Fed assurance on rates lifts Wall St

TOKYO (AP) — Asian shares advanced Thursday after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation.
Wealthsimple laying off 13 per cent of staff amid 'immense volatility'

Wealthsimple laying off 13 per cent of staff amid 'immense volatility'

TORONTO — Wealthsimple is laying off 13 per cent of its workforce as the financial services company joins the slew of global technology businesses facing market "immense volatility.
Canadian National Railway says it has received 72-hour strike notice from IBEW union

Canadian National Railway says it has received 72-hour strike notice from IBEW union

MONTREAL — Canadian National Railway Co. says it has been given 72-hour strike notice by the International Brotherhood of Electrical Workers. CN says the union represents about 750 of its signals and communications employees across the country.
FAA says future planes will need to reduce carbon emissions

FAA says future planes will need to reduce carbon emissions

WASHINGTON (AP) — The Biden administration proposed Wednesday that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators.
Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan

Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan

OTTAWA — Investor advisory firm Glass Lewis & Co. says Shopify Inc.’s plan to augment founder Tobi Lütke's power in the e-commerce company only passed because of the support from an early company investor and director.
Fed attacks inflation with its largest rate hike since 1994

Fed attacks inflation with its largest rate hike since 1994

WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off th
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