KPMG in Canada1 is proud to release its 2022 Our Impact Plan, the latest comprehensive update on the firm's progress towards its environmental, social, and governance (ESG) commitments. The report spotlights numerous initiatives KPMG has introduced to focus on key equity and sustainability issues through four central pillars: Planet, People, Prosperity, and Governance.
Canadian businesses, outside of Quebec, were allowed to pass on a fee for credit card transactions from Oct. 6, after a class-action lawsuit by retailers against Visa, MasterCard and card-issuing banks was settled. The Canadian Radio-television and Telecommunications Commission (CRTC) said it was "very concerned about this practice as it goes against affordability and consumer interest", adding that the practice impacts consumers who rely on credit cards to pay their everyday bills. The agency added that Telus had started charging a 1.5% fee on credit card payments in locations that were not under the watchdog's purview, including those outside of Quebec.
PORTLAND, Maine (AP) — For years, Mark Hager’s job as an observer aboard New England fishing boats made him a marked man, seen as a meddling cop on the ocean, counting and scrutinizing every cod, haddock and flounder to enforce rules and help set crucial quotas. On one particularly perilous voyage, he spent 12 days at sea and no crew member uttered even a single word to him. Now Hager is working to replace such federally-mandated observers with high-definition cameras affixed to fishing boat mas
The last year will go down as one of the most seismic in the history of the British royal family with the death of Queen Elizabeth months after she celebrated her record seventh decade as monarch, but 2023 could prove almost as momentous. In February, Elizabeth, who broke pretty much every record for a monarch in a dynasty stretching back 1,000 years to the Norman invasion of England, marked 70 years on the throne, with four days of national celebrations following in early summer. In the modern world, Elizabeth had been without compare - a leader who had met almost every major global figure since World War Two, and whose longevity as head of a major state was only bettered by France's King Louis XIV who died in 1715.
WARSAW, Poland (AP) — The former head of Poland's state broadcaster said Wednesday that he now has a job at the World Bank, spurring disbelief in the European Union country where he is known for turning the news channel into a propaganda tool for the right-wing government. Kurski, who has no finance experience, said on Twitter that he has been named an alternate executive director — one of 25 at the 189-country anti-poverty agency — and is giving up “some of (his) political activity and politica
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., is proud to support the Disabled American Veterans (DAV) at its RecruitMilitary Job Fair. Held in Atlanta, Ga., on Thursday, December 8, Trulieve's talent acquisition team will meet with U.S. veterans, military spouses, transitioning military and members of the Guard and Reserve.
BERLIN/FRANKFURT (Reuters) -German rail operator Deutsche Bahn's management board has asked its supervisory board for the go-ahead to prepare a sale of its international logistics subsidiary Schenker, documents reviewed by Reuters showed on Thursday. The formality would allow management to "examine and prepare a sale of up to 100% of the shares in Schenker," the internal documents state ahead of a supervisory board meeting next week. This gives the state-backed train company the opportunity to consider a complete or partial sale to Schenker's competitors or to financial investors.
China's exports and imports shrank at their steepest pace in at least 2-1/2 years in November, as feeble global and domestic demand, COVID-led production disruptions and a property slump at home piled pressure on the world's second-biggest economy. The downturn was much worse than markets had forecast, and economists are predicting a further period of declining exports, underlining a sharp retreat in world trade as consumers and businesses slash spending in response to central banks' aggressive moves to tame inflation. Beijing is moving to ease some of its stringent pandemic-era restrictions, but outbound shipments have been losing steam since August as surging inflation, sweeping interest rate increases across many countries and the Ukraine crisis have pushed the global economy to the brink of recession.
Intermediate player may lap much larger oilsands peers in deploying technology to cut emissions
Spin Master Corp. (TSX: TOY), (www.spinmaster.com), a leading global children's entertainment company and Liberty Entertainment Group (www.libertygroup.com), Toronto's premier hospitality collection, reunited to host the 10th annual Caring & Sharing event.
PARIS (AP) — Families of the 228 people killed on a Rio-Paris flight that crashed in 2009 were hoping for justice at last. Instead, they're wracked with anger and disappointment as a long-awaited trial wraps up Thursday with little sign that anyone will be held accountable. The verdict is expected on April 17 next year. Airbus and Air France, two major players in the aviation industry, face manslaughter charges in the trial over the crash of storm-tossed Flight 447 over the Atlantic. But even th
"While the banking system has so far been relatively unscathed by the latest crypto crash, FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware," the lawmakers wrote to the chiefs of the Fed, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency in letters dated Wednesday and released by Warren's office on Thursday. "We write to express concern ... and to inquire about how your agency assesses the risks to banks and the banking system associated with those relationships," wrote the senators, both Democrats on the Senate Banking Committee.
MOSCOW (AP) — A show of prison artwork by Viktor Bout, the Russian arms trader serving 25 years in the United States and the focus of speculation about a prisoner swap that could free WNBA star Brittney Griner, opened Tuesday at the upper chamber of the Russian parliament. The exhibition at the Federation Council underlines Russia's strong interest in the release of Bout, whom Russian officials say is an “entrepreneur” who was unjustly arrested and sentenced to 25 years but who is characterized
WASHINGTON (Reuters) -The Biden administration on Wednesday added 24 companies and other entities to an export control list for supporting Russia’s military or defense industrial base, Pakistan's nuclear activities or for supplying an Iranian electronics company. The entities, based in Latvia, Pakistan, Russia, Singapore and Switzerland, were added over U.S. national security and foreign policy concerns, the Commerce Department said.
WASHINGTON (Reuters) -U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said that companies that help facilitate transactions in the cryptocurrency market should come into compliance with law. "Their business model right now is offering the public… an interest return in crypto… and then possibly trading against their customers," Gensler told Yahoo Finance in an interview on Tuesday. "The runway is getting shorter" between crypto lenders' compliance and SEC enforcement, the SEC chair added.
RALEIGH, N.C. (Reuters) -Clothing retailers such as Express and Gap that stashed away mountains of unsold basics during the coronavirus pandemic now are slashing prices on clearance merchandise in a last-ditch effort to clear clothing racks. But the deep discounts they're dangling on out-of-season clothing may not appeal to inflation-weary shoppers such as Elieth Chaparro, 30. At the Crabtree Valley Mall in Raleigh, North Carolina, Chaparro, whose goal was to find a discounted winter coat, wasn't thrilled with the Gap clearance section, where she found spring or summer merchandise including jean shorts and patterned crop tops priced under $15.99.
Ma'aden, Saudi Arabia's leading mining company, today announced its sponsorship of the upcoming Future Minerals Forum (FMF), which will take place in Riyadh between 10-12 January 2023. As Founding Partner, Ma'aden will showcase its latest achievements in the mining industry, which contribute to developing economies and societies.
Because it is not often 10-year yields suddenly drop 11 basis points, break a chart big barrier and hit three-month lows for no discernible reason. True, the Bank of Canada did manage to be both hawkish and dovish by hiking 50bp but flagging it might be near done tightening. Since the Fed hiked 75bp in November, 10-year yields have fallen 90bps to be 37 basis points under the cash rate, while 10-year fixed mortgage rates have dropped to 6.07% from 6.67%.
Latin American e-commerce retailer and fintech firm MercadoLibre is in talks with Meta to process payments for its WhatsApp messaging service starting in Brazil, the company's chief financial officer told Reuters on Wednesday. Facebook owner Meta said last month that it will launch a payments tool in Latin America's largest economy, allowing WhatsApp users to message and buy from a business directly in the chat. "We are in the test phase as one of the partners that processes payments in Brazil," Pedro Arnt told Reuters in an interview.
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