Japan’s government is not considering crafting a supplementary budget to respond to the coronavirus pandemic immediately given there’s still money left to tap in the emergency budget reserve, Finance Minister Taro Aso said on Friday.Earlier in the day, the cabinet decided to spend 512 billion yen ($4.67 billion) in the budget reserve to secure coronavirus…
Electric car startup Fisker signed an agreement with Foxconn, the Taiwanese company that assembles iPhones, to co-develop and manufacture a new electric vehicle. Production on the car, which will be sold under the Fisker brand name in North America, Europe, China and India, will begin in the U.S. by the end of 2023. Numerous details,…
© Reuters. FILE PHOTO: Bank of Canada Governor Tiff Macklem arrives to a news conference in Ottawa, Ontario, Canada September 10, 2020. REUTERS/Blair Gable/File Photo/File Photo By Julie Gordon and David Ljunggren OTTAWA (Reuters) -If the buoyant Canadian dollar continues to rise it could create headwinds for exports and business investment as well as affecting…
Former Canadian Finance Minister Bill Morneau breached conflict-of-interest rules by not recusing himself when the government awarded a contract to a charity he had close ties to, independent ethics commissioner Mario Dion said on Thursday.In a parallel probe, Prime Minister Justin Trudeau was cleared of having broken any ethics rules when WE Charity was tapped…
Fed’s Waller Joins Colleagues in Branding Inflation ‘Temporary’ (Bloomberg) — Christopher Waller on Thursday became the latest Federal Reserve governor to try and dampen expectations for central bank action to curb rising prices that he sees as “temporary.” Waller, the third governor to speak this week, said that while inflation above the Fed’s 2% goal…
The U.S. Department of Labor on Thursday delayed until November 2022 the effective date of a Trump administration rule significantly raising the minimum wages employers must pay to highly skilled H-1B visa holders.DOL in the rule said that putting off the new wage rates for 18 months “will provide a sufficient amount of time to…
A Pennsylvania federal judge has whittled down employees’ claims against convenience store chain Wawa Inc in litigation over a 2019 data breach of its point-of-sale systems.U.S. District Judge Gene Pratter in Philadelphia on Wednesday granted Wawa’s motion to dismiss a set of claims over an alleged failure to pay assistant general managers overtime wages, while…
© Reuters. FILE PHOTO: U.S. Sen. Martin Heinrich (D-NM) speaks during a Senate Intelligence Committee nomination hearing for Rep. John Ratcliffe (R-TX), on Capitol Hill in Washington, U.S., May 5, 2020. Andrew Harnik/Pool via REUTERS//File Photo By Valerie Volcovici WASHINGTON (Reuters) – Democratic Senator Martin Heinrich on Thursday introduced a bill that would help states…
During a typical spring, the silver young salmon swimming in long tanks at the Nimbus Fish Hatchery east of Sacramento would be released into the American River and then make their way out to the Pacific Ocean to grow to adulthood.
The United States and Russia are lowering expectations for big breakthroughs at a superpower summit between U.S. President Joe Biden and Russian President Vladimir Putin, with the adversaries in no mood to make concessions on their bitter disagreements.The summit details – location, time and agenda – are still being negotiated by the two sides with…
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