Livestream coverage from Global News - 1st stream
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Livestream coverage from Global News - 1st stream
NEW YORK (Reuters) -Starbucks Corp on Monday accused the federal labor board overseeing union elections at its U.S. cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain said in a letter to National Labor Relations Board (NLRB) Chairman Lauren McFerran and General Counsel Jennifer Abruzzo that NLRB agents helped Workers United win elections by manipulating the voting process and collaborated to cover up the behavior, according to a copy seen by Reuters. NLRB spokesperson Kayla Blado said in a statement the NLRB had well established processes for challenging elections.
OTTAWA — Statistics Canada says wholesale sales rose 0.1 per cent to $80.7 billion in June, boosted by the miscellaneous and motor vehicle and motor vehicle parts and accessories subsectors. The agency says the miscellaneous goods sector rose for the fourth time in five months as it gained 3.5 per cent, boosted by a 15.5 per cent gain in the agricultural supplies industry. Statistics Canada says the growth reflects the demand for Canadian fertilizer because of the ongoing conflict in Ukraine. Sa
NOVOSELIVKA, Ukraine (AP) — As battles raged around Kyiv, one Russian advance was stopped in front of Maria Metla’s home. Artillery gutted most of the house, while the rest was pulverized by tank fire. Metla, 66, is now counting on her neighbors to have somewhere to live this winter. Crews of volunteers turn up on most mornings to prize away anything that can be reused ‒ setting up neat piles of bricks, destroyed kitchen appliances for scrap metal, and chunks of insulation panels. The salvaged m
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HONG KONG (Reuters) -Hong Kong's audit regulator said on Monday it has initiated an enquiry into the financial statements of China Evergrande Group's property services unit and its former auditor after questions were raised following the developer's probe into seized deposits worth $2 billion of the unit. The Financial Reporting Council (FRC) said in a statement it was investigating the 2020 and first half of 2021 financial statements of Evergrande Property Services, as well as the audit carried out by PwC on its 2020 annual accounts. "The FRC identified questions about the classification of restricted bank deposits and other loans, the measurement of pledge guarantees given and the disclosure of related party transactions in the accounts, and related questions about the audits," it said.
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TORONTO — Shares of Turquoise Hill Resources Ltd. were down more than 10 per cent after the company's special committee of independent directors said an offer by Rio Tinto International Holdings Ltd. to buy the shares in the company it does not already own is too low. The special committee says Rio Tinto's offer of $34 per share does not fully and fairly reflect the fundamental and long-term strategic value of the company’s majority ownership of the Oyu Tolgoi project in Mongolia. Rio Tinto made
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CARACAS, Venezuela (AP) — Public school teachers across Venezuela had planned to use their annual vacation bonus to buy uniforms for their children, waterproof leaky roofs, get new prescription glasses or fix the pair barely held together by adhesive tape. Some expected to get $100, while others calculated a little more or less depending on their years of service and advanced degrees, though only a small number thought they would get around $200. The government, however, paid them only a tiny fr
WASHINGTON (AP) — Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would have increased under the plan. For years, Democrats have promised to raise taxes on such investors, who pay a significantly lower rate on their earnings than ordinary workers. But just as they closed in
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More than 78 percent of people from around the world believe the Chinese economy has injected vitality into the global economy over the past decade and has become the engine of the world economy, according to a joint survey conducted by CGTN Think Tank and the Chinese Institute of Public Opinion at Renmin University of China.
We get the first insight into how China's COVID-hit economy started Q3, with July readings of industrial output, retail sales, house prices and urban investment. Economists are generally looking for recovery, albeit gradual.
BEIJING/SHANGHAI (Reuters) -China's central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis. The grim set of figures indicate the world's second largest economy is struggling to shake off the June quarter's hit to growth from strict COVID restrictions, prompting some economists to downgrade their projections. Industrial output grew 3.8% in July from a year earlier, according to the National Bureau of Statistics (NBS), below the 3.9% expansion in June and a 4.6% increase expected by analysts in a Reuters poll.
TORONTO — The Canadian Securities Administrators (CSA) says crypto trading platforms are now expected to make certain commitments that address investor protections while their registration applications are being reviewed. The umbrella organization of provincial securities regulators says Crypto.com and Coinsquare Capital Markets Ltd. are the first to submit the pre-registration undertakings. The CSA says provincial regulators are in discussion with other crypto trading platforms about following
DUBAI (Reuters) -State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins. Aramco joins oil majors such as Exxon Mobil Corp and BP that have reported strong or record breaking results in recent weeks after Western sanctions against major exporter Russia squeezed an already under-supplied global market causing a surge in crude and natural gas prices. The company expects "oil demand to continue to grow for the rest of the decade despite downward economic pressures on short-term global forecasts," CEO Amin Nasser said in Aramco's earnings report.
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KYIV, Ukraine (AP) — At least three Ukrainian civilians have been killed and 20 others wounded in the latest artillery barrages from the Russian military, Ukrainian officials said Monday. The eastern region of Donetsk, one of the two provinces making up the country’s industrial heartland of Donbas that has been the focus of a Russian offensive, has faced the most intense shelling. Regional officials said at least three people died and another 13 were wounded by Russian shelling that hit numerous