7 First Alert Forecast 11pm, Friday November 28th
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7 First Alert Forecast 11pm, Friday November 28th
BEIJING (Reuters) -Starbucks, which has seen sales slow in China due to COVID-19's fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country's dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has entered into a partnership with Meituan that will allow its Chinese customers to order coffee delivery and make reservations at its stores via the super-app's platforms. The move comes as competition in the Chinese coffee market is intensifying, and is aimed at expanding the availability of Starbucks, which first begun food delivery services in the country in 2018 through an exclusive partnership with Alibaba Group's Ele.me arm, Meituan's main rival.
Public trust in governments running the world's democracies has fallen to new lows over their handling of the pandemic and amid a widespread sense of economic pessimism, a global survey has found. The Edelman Trust Barometer, which for two decades has polled thousands of people on trust in their governments, media, business and NGOs, conversely showed rising scores in several autocratic states, notably China. "We really have a collapse of trust in democracies," said Richard Edelman, whose Edelman communications group published the survey of over 36,000 respondents in 28 countries interviewed between Nov. 1-24 of last year.
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BALTIMORE (AP) — A lawyer for Baltimore's top prosecutor has outlined her defense against federal criminal charges stemming from her purchase of two Florida vacation homes. Baltimore State’s Attorney Marilyn Mosby is accused of lying about meeting qualifications for coronavirus-related distributions from a city retirement plan. Her attorney, A. Scott Bolden, told reporters on Monday that Mosby was entitled to make an early withdrawal from her retirement savings without facing any penalties. “I’m
HONG KONG (Reuters) -Shares of Macau's top casino operators racked up as much as HK$65.53 billion ($8.42 billion) on Monday - or 15% of their market value - as the government of the world's largest gambling hub retained the limit on casino licences to six. By the close of the Hong Kong market, the six Macau casino operators had gained 9.9% in value, or HK$42.2 billion, putting the overall market value of the oprators at about HK$469 billion. Sands China led the rally.
GENEVA (AP) — Credit Suisse said Monday that its chairman has resigned following an internal investigation that reportedly found he violated quarantine rules intended to fight the COVID-19 pandemic. The resignation of Antonio Horta-Osorio, a British-Portuguese national who took the job barely eight months ago, was announced shortly after midnight Monday. It is the latest upheaval at the top-drawer Swiss bank that has faced an array of recent troubles including bad bets on hedge funds and an inte
The dollar edged higher on Monday as traders continued to hold on to dollars but took the view that Federal Reserve tightening plans were largely priced in, while the euro eased from Friday’s two-month high. An unexpected cut to key lending rates in China highlighted it as the outlier, with other major central banks in talks to raise rates. China's move only briefly weighed on the yuan.
The Canadian Real Estate Association says annual home sales reached a new high in 2021, eclipsing the previous record set in 2020 by about 20 per cent. The association said Monday that about 667,000 residential properties changed hands in 2021, about 30 per cent more than the 10-year average. However, home sales in December were little changed from November and were coupled with a dearth of properties on the market that was so extreme that CREA senior economist Shaun Cathcart called it a record
Hugo Boss said on Tuesday that it had exceeded its full year sales targets after fourth quarter earnings helped propel the German fashion house back to nearly pre-pandemic levels. The full balance sheet will be published on March 10.
Suncor also confirmed the death of a worker on Jan. 6 at its Base plant, which police had reported earlier. Suncor said a heavy haul truck rear-ended a second truck at the mine, resulting in the death of a driver. The incident is the fourth fatality at a Suncor facility since late 2020, Scotiabank analyst Jason Bouvier said.
Small-cap energy stocks could see steep rallies in 2022 with strength in oil and gas prices. The post Why Did Surge Energy (TSX:SGY) Stock Zoom 20% Last Week? appeared first on The Motley Fool Canada.
Prairies Economic Development Canada
MILAN (Reuters) -Prada sales bounced back sharply in 2021 as pent-up demand for luxury handbags and clothes helped push revenues above pre-pandemic levels, the Italian fashion group said. In an unscheduled trading update, Prada said on Tuesday that group sales last year rose 41% at constant exchange rates to 3.364 billion euros ($3.83 billion), 8% above 2019 levels. Milan-based Prada, known for its minimalist designs, was in the middle of a shift upmarket and online to revive sales when the coronavirus crisis hit, forcing retailers to shut stores around the globe and depriving them of key tourist spending.
In celebration of the Year of The Tiger, luxury Canadian outerwear brand, Nobis, has announced the launch of its 2022 Lunar New Year Capsule Collection. "Nobis" in Latin translates to "us," and since its inception, the brand has always celebrated culture and emphasized the importance of community collaboration and representation. This year, Nobis celebrates the Year of the Tiger by partnering with Fête Chinoise, a Chinese-Canadian cultural platform created by design firm Palettera to develop a s
BANGKOK (AP) — World shares were mixed on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Paris, Frankfurt, Tokyo and Shanghai advanced while Hong Kong and Seoul declined. The weakness in China's economy toward the end of 2021 is prompting suggestions Beijing should intervene to prop up growth with interest rate cuts or by injecting money into the economy through public works spending. Shortly befo
The Panamanian unit of Canadian miner First Quantum Minerals has agreed with Panama's government to increase royalty payments at its flagship copper mine, the company and the government said on Monday. Minera Panama, which is majority owned by First Quantum Minerals, has agreed to pay $375 million a year to state coffers from the Cobre Panama mine, which it says is one of world's largest copper producers. "We accept the proposal of the national Government, while requesting that the necessary protections be provided in order to safeguard the continuity of the operation," Minera Panama said in a statement.
Grocery stores are struggling with rising labour and product shortages that could threaten Canada's food security, experts say. Employee absenteeism due to workers calling in sick and COVID-19 protocols has hit about 30 per cent at some stores and is continuing to rise, Gary Sands, senior vice-president of public policy with the Canadian Federation of Independent Grocers, said Tuesday. Without access to rapid testing in many provinces, he said workers are repeatedly forced to isolate for a week
If generating passive income is one of your financial resolutions this year, I’d suggest investing in at least one of these two dividend stocks. The post 2 Reliable Dividend Stocks for Generating Passive Income appeared first on The Motley Fool Canada.
Property developer shares rose on Tuesday after a Chinese lender unveiled a plan to issue debt to fund real estate acquisitions - the first bank to do so - while Beijing sought to reassure investors about the broader impact of defaults on bond markets. Shanghai Pudong Development Bank Co plans to raise 5 billion yuan ($790 million) by selling three-year bonds through China's interbank market, it said in a filing on Monday. The funds would be used to finance real estate project acquisitions in the form of lending, it said.
Omineca Mining and Metals Ltd. (TSXV: OMM) ("Omineca") announces the grant of 1,300,000 stock options pursuant to its stock option plan. 300,000 of the options were granted to directors and executive officers, with the balance granted to consultants. The options are exercisable at $0.20 per share and, if not exercised, expire January 13, 2027, subject to earlier expiration in accordance with the stock option plan and the applicable policies of the TSX Venture Exchange.