Monday, 30 Sep 2024

Business

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Canada's inflation accelerates in January, could test 3% in spring

FILE PHOTO: St. Catherine Street, a primary commercial artery of downtown Montreal is seen on the first night after a curfew is imposed by the Quebec government to help slow the spread of the coronavirus disease (COVID-19) pandemic in Montreal, Quebec, Canada January 9, 2021. REUTERS/Christinne Muschi/File PhotoOTTAWA (Reuters) – Canada’s annual inflation rate accelerated […]

Covid and exiting shareholders brought Pacific Aerospace to earth

Planemaker Pacific Aerospace was brought down by Covid-19 leading to its Chinese and New Zealand joint venture shareholders deciding to exit the business, chief executive Mark Crouch says. The Hamilton light aircraft manufacturer and exporter, which has a plane-making legacy going back to 1949, was put into interim liquidation on Friday. Crouch said he is […]

Paule Ka Changes Hands – Again

PARIS – Paule Ka has changed hands again. Thierry Le Guénic has just acquired the French ready-to-wear brand worn by Jacqueline Kennedy Onassis, Audrey Hepburn and Grace Kelly, according to a decision handed down by the Paris Commercial Court. The transfer price was around 1.1 million euros, including 500,000 euros worth of inventory. Le Guénic […]

Google Is Suddenly Paying for News in Australia. What About Everywhere Else?

SYDNEY, Australia — Just a few weeks after Google threatened to leave Australia if the government forced tech platforms to pay for news, the search giant is suddenly showering money on its most demanding critics. With groundbreaking legislation expected to pass this week or next, Google has sought to blunt the impact by striking deals […]

Rising U.S. yields takes edge off stocks rally

SINGAPORE/WASHINGTON (Reuters) – U.S. Treasury yields hit one-year highs on Wednesday, lending support to the dollar but pressuring lofty valuations for stocks, as investors reckoned that a stimulus-fuelled global recovery will eventually bring rising inflation.FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, […]

Adidas plans to divest Reebok brand

FILE PHOTO: Boards with Reebok store logo are seen on a shopping center at the outlet village Belaya Dacha outside Moscow, Russia, April 23, 2016. REUTERS/Grigory DukorBERLIN (Reuters) – German sportswear maker Adidas AG said on Tuesday it plans to divest the underperforming brand Reebok that it failed to revive 15 years after buying the […]

A Pared-down Francesca’s Resets for the Future

There’s a rapidly evolving agenda at Francesca’s, now fresh out of bankruptcy with new owners. To widen the customer base, a tween collection, called franki by francesca’s​, rolled out to 100 Francesca’s stores the first week of February after debuting on francescas.com last December. Loungewear was introduced last summer, the range in plus sizes was […]

Covid warning: Extended lockdown could push KiwiSaver hardship claims higher

The number of Kiwis tapping into their retirement savings due to financial hardship continues to rise and experts say the latest lockdown could spur more claims if it drags on longer than three days. Inland Revenue figures show that in December last year 2526 people withdrew money from KiwiSaver accounts due to financial hardship, taking […]

Covid warning: Extended lockdown could push KiwiSaver hardship claims higher

The number of Kiwis tapping into their retirement savings due to financial hardship continues to rise and experts say the latest lockdown could spur more claims if it drags on longer than three days. Inland Revenue figures show that in December last year 2526 people withdrew money from KiwiSaver accounts due to financial hardship, taking […]