New boutique hotel opens in mountains
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New boutique hotel opens in mountains
CANBERRA, Australia (AP) — Australian Prime Minister Scott Morrison has lost control of his account on the Chinese-owned social media platform WeChat and a lawmaker on Monday accused China's leaders of political interference. Morrison’s 76,000 WeChat followers were notified his page had been renamed “Australian Chinese new life” earlier this month and his photograph had been removed, Sydney’s The Daily Telegraph newspaper reported. The changes were made without the government’s knowledge, the re
CALGARY, Alberta/OTTAWA (Reuters) -Funds allocated by the Canadian government to help clean up the country's orphan oil and gas wells may fall short if the main oil-producing province of Alberta continues to allocate the money to financially viable companies, the parliamentary budgetary watchdog said on Tuesday. About half the funds in Alberta went to 10 companies that are expected to remain financially viable over the next few years, including some of Canada's largest energy producers - Canadian Natural Resources Ltd, Imperial Oil, and Cenovus Energy, budgetary officials said. Canada is the world's fourth-largest oil producer and sixth-largest natural gas producer and its western provinces are dotted with hundreds of thousands of oil and gas wells.
TORONTO — The Canadian Bankers Association has named Anthony Ostler as its new president and chief executive. He will step into the role at the end of February, replacing Neil Parmenter who resigned on Dec. 23, 2021. The banking industry lobby group says Ostler most recently worked as head of stakeholder engagement in global marketing at State Street in Boston. Prior to working at State Street, Ostler held roles at Manulife, Canaccord and RBC according to his LinkedIn profile. The Canadian Banke
The 2022 Rural Ontario Municipal Association (ROMA) Conference kicked off today with nearly 1,000 people participating in the virtual event.
RENO, Nev. (AP) — The U.S. government plans to capture more wild horses on federal lands this year than ever before, drawing sharp criticism from mustang advocates who hoped the Biden administration would curtail widespread gathers of thousands of horses annually across the American West. Bureau of Land Management Director Tracy Stone-Manning, known as an ally of conservationists on several public land fronts when she was appointed in the fall, says the agency plans to permanently remove at leas
NEW YORK (Reuters) -Oil prices rose over 2% on Tuesday on concerns supplies could become tight due to Ukraine-Russia tensions, threats to infrastructure in the United Arab Emirates and struggles by OPEC+ to hit its targeted monthly output increase. Analysts noted that oil prices rose despite a drop in equities markets and the possibility of an interest rate hike by the U.S. Federal Reserve on Wednesday. Brent futures rose $1.93, or 2.2%, to settle at $88.20 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.29, or 2.8%, to settle at $85.60.
The Canadian dollar edged higher against the greenback on Tuesday as some of the recent disquiet in financial markets eased a notch and investors prepared for a potential interest rate hike by the Bank of Canada. The loonie was trading 0.2% higher at 1.2615 to the U.S. dollar, or 79.27 U.S. cents, after trading in a range of 1.2598 to 1.2669. On Monday, it touched its weakest intraday level in more than two weeks at 1.2701 amid equity market turbulence.
(Reuters) -General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with rival Ford Motor Co for EV supremacy in North America. Both U.S. automakers, however, will have to contend with current leader Tesla, which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022. GM said its Detroit-Hamtramck and Orion Township plants will be able to build more than 600,000 electric trucks a year by late 2024, with three other plants in Tennessee, Ontario and Mexico boosting the company's total North America EV production capacity to more than a million units by late 2025.
LONDON (Reuters) -Unilever will cut about 1,500 management jobs and reshape its business to focus on five main product areas as it tries to boost growth after a failed acquisition and with an activist investor to appease. The move, which Unilever said had been in the works for a year, echoes the reshaping by rival Procter & Gamble (P&G) three years ago https://www.reuters.com/article/us-procter-gamble-strategy-idUKKCN1ND37M - which at the time also had activist investor Nelson Peltz's Trian Partners as a shareholder.
While it is unclear how the rule could impact Russia, the restrictions hobbled Huawei's smartphone business. The Foreign Direct Product Rule, as it is called, may be adapted to halt Russia’s ability to import smartphones, key aircraft and automobile components, Reuters reported last month.
Canada's main stock index edged higher on Tuesday, bouncing back from a steep sell-off earlier in the day, as resource shares benefited from geopolitical tensions boosting oil and gold prices. The Toronto Stock Exchange's S&P/TSX composite index ended up 19.68 points, or 0.1%, at 20,590.98, after declining in the five previous trading days. The index closed 2.3% above its session low, but sentiment remained fragile amid fears that Russia will invade Ukraine and ahead of interest rate announcements on Wednesday by the Bank of Canada and the Federal Reserve.
Tencent Holdings, China's biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had blacklisted from future contracts. Tencent said in a social media post that it had also reported more than 10 people to authorities over their actions. Tencent started its anti-graft campaign in 2019 and has been regularly reporting the results of its probes.
Wild swings in stocks are testing the resolve of investors employing one of Wall Street’s most popular strategies: buying the dip. The S&P 500 reversed a deep selloff on Monday to finish up 0.3%, after the benchmark index crossed into correction territory, while the Nasdaq flirted with a bear market before also finishing higher, suggesting that dip buyers have not gone extinct despite big declines in stocks in the first weeks of 2022. But while dip buying has rewarded investors in the last two years as stocks doubled from their March 2020 lows, bargain hunters now face uncertainties over how aggressively the Federal Reserve will need to tighten monetary policy this year, a potential war between Russia and Ukraine, and disappointing corporate earnings.
These three Canadian dividend stocks are perfect to buy if you're looking for a highly reliable company to both protect and grow your capital for years. The post 3 Canadian Stocks to Buy That Increase Their Dividends Every Year appeared first on The Motley Fool Canada.
WASHINGTON (AP) — Extremist groups in the United States appear to increasingly view attacking the power grid as a means of disrupting the country, according to a government report aimed at law enforcement agencies and utility operators. Domestic extremists “have developed credible, specific plans to attack electricity infrastructure since at least 2020,” according to the report from the Department of Homeland Security’s Office of Intelligence and Analysis. The document, dated Monday, was obtaine
WASHINGTON (AP) — President Joe Biden pledged last week to chat more with everyday Americans and took an initial step Tuesday afternoon by visiting a gift shop and ice cream store in Washington's Capitol Hill neighborhood. Biden went shopping at Honey Made, a boutique that opened up last year amid the pandemic. The president perused the store, choosing a hoodie for his grandson and a necklace for his wife, Jill. He then picked up a mug with a picture of Vice President Kamala Harris on it. “I'll
Cannabis stocks continue to trade at or near 52-week lows, but the question is, how temporary is this situation? And can investors ride the wave? The post Why Did Cannabis Stocks Go up in Smoke on Monday? appeared first on The Motley Fool Canada.
COMACHUEN, Mexico (AP) — In Comachuen, a Purepecha Indigenous community of about 10,000 inhabitants nestled high in the pine-clad mountains of the western state of Michoacan, the whole town survives because of the money sent home by migrants working in the United States. That money, known as remittances, kept families fed after local woodworking sales dropped off a decade ago when pine lumber started to become scarce. The money has allowed their families to remain in Comachuen rather than moving
PARIS (Reuters) -Boeing Co is investing a further $450 million in Wisk Aero to support development of future pilotless flying taxis, the U.S. aerospace giant said on Monday. California-based Wisk, owned by Boeing and Kitty Hawk - the air vehicle firm launched by Google co-founder Larry Page - is one of dozens of electric vertical takeoff and landing (eVTOL) makers but differs in focusing its efforts on autonomous flight. "Our view is that is the big strategic advantage of Wisk, going straight to a self-flying aircraft, building those principles in at every level of the design and development," Boeing's Chief Strategy Officer Marc Allen told Reuters.
THE HAGUE, Netherlands (AP) — Prime Minister Mark Rutte further eased the Netherlands' coronavirus lockdown, allowing bars, restaurants, museums, theaters and other venues to reopen from Wednesday for the first time this year. But Rutte warned that the move wasn't without risks. “We are taking a big step today to unlock the Netherlands while the infections numbers are really going through the roof,” Rutte said Tuesday. The announcement wasn't all good news for the beleaguered hospitality and cul