Asheville hotel could become permanent homeless housing
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Asheville hotel could become permanent homeless housing
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.
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
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
Marwest Apartment Real Estate Investment Trust ("Marwest Apartment REIT" or the "REIT") (TSXV: MAR.UN) announced that its Trustees have declared a monthly cash distribution of $0.00125 per trust unit ("Trust Unit") of the REIT for the month of January 2022, representing a cash distribution per Trust Unit of $0.015 on an annualized basis. The cash distributions will be made on February 15, 2022 to Unitholders on record as of January 31, 2022.
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.
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BRUSSELS (AP) — Euro finance chiefs on Monday ventured into a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation. Finance ministers from the 19 nations that share the euro currency pledged continued budgetary stimulus for the European economy amid headwinds caused by the highly transmissible omicron variant. At the same time, they sought to reassure voters by vowing vigilance over sharp price rises. “Am I concerned about infl
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.
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
LONDON (AP) — Amazon’s British website has backed away from plans to stop accepting Visa credit cards issued in the United Kingdom, saying Monday that the move has been put on hold while talks between the two sides continue. The online retailer said the change would not be implemented as planned on Wednesday. Amazon had announced the move in November, blaming “the high fees Visa charges for processing credit card transactions.” “We are working closely with Visa on a potential solution that will
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.
On January 18, Contemporary Amperex Energy Service Technology Ltd. (CAES), a wholly-owned subsidiary of Contemporary Amperex Technology Co. Ltd. (CATL), rolled out its battery swap solution EVOGO featuring modular battery swapping at its first online launch event. Comprised of battery blocks, fast battery swap stations and an app, EVOGO will be first launched in ten cities, said Chen Weifeng, general manager of CAES.
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.
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.
BEIJING (AP) — Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month's Winter Olympics in Beijing. The world's second-largest economy grew by 8.1% last year, but activity fell abruptly in the second half as the ruling Communist Party forced China's vast real estate industry to cut surging debt, official data showed Monday. Growth sank to 4% over a year earlier in the final three months of the year, fueling expecta
Ratings agency Moody's Investors Service on Sunday placed all ratings and assessments of the consumer banking arm of Citigroup in Mexico on review for downgrade. In a statement, Moody's said the review was triggered by Citigroup's announcement that it would sell its Citibanamex https://www.reuters.com/business/citi-exit-mexican-consumer-banking-business-strategy-revamp-2022-01-11 consumer banking operations, which will end a two decade retail presence in Mexico.
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.
Growth investors can look to buy ETFs such as XIT right now. The post TFSA Investors: 2 Top ETFs to Buy in 2022 appeared first on The Motley Fool Canada.
REGINA — Federated Co-operatives Ltd. says a new renewable diesel fuel and canola-crushing plant will be part of its plan to reduce greenhouse gas emissions. The oil-production business announced Monday that the estimated $2-billion Integrated Agriculture Complex is to be built in north Regina near the company's Co-op refinery and in partnership with global pulse-processor and supplier AGT Foods. Federated Co-operatives CEO Scott Banda said his company has made a commitment to reduce its greenho
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.