Business
Union, processors recommend DFO increase N.L. capelin quota amid calls for temporarily halting the fishery
While they may have been at odds for snow crab pricing, harvesters and processors have put up a united front when it comes to capelin — both recommend an increase in the capelin quota. Things were heated between FFAW-Unifor, the union that represents ...
BLAKE DOYLE: Federal budget presents economic degrowth strategies
We have just endured one of the most telegraphed budgets in memory. In an era of TikTok and depleted attention spans even budgets need to be pre-released to garner attention. Unfortunately, the assaults on business from provincial and federal ...
Exclusive-German government slightly raises 2024 GDP forecast to 0.3%, source says
By Holger Hansen BERLIN (Reuters) - The German government will raise its growth forecast for the German economy this year to 0.3%, from a previous forecast of 0.2%, a source told Reuters. In 2025, the government expects gross domestic product to ...
Lufthansa seeks to persuade EU regulators over ITA stake buy
By Foo Yun Chee BRUSSELS (Reuters) - Lufthansa executives and lawyers will attend a day-long hearing in Brussels on Friday to try to convince EU antitrust regulators to clear the company's bid for a minority stake in Italian rival ITA Airways.
Wall Street's "fear gauge" at over 5-month high on rate cut, Mideast worries
(Reuters) - Wall Street's "fear gauge" hit its highest in more than five months on Friday due to a sharp pullback in interest U.S. rate cut expectations and escalating geopolitical tensions. The CBOE Volatility index, an options-based measure of ...
China set to keep lending benchmark LPRs unchanged in April
SHANGHAI (Reuters) - China is widely expected to leave benchmark lending rates unchanged on Monday, a Reuters survey showed, as encouraging first quarter economic data reduces the urgency for further monetary stimulus to aid a fragile recovery. A ...
Take Five: Dancing to the dollar's beat
(Reuters) - Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the dollar is forcing other central bankers to protect their currencies and reconsider their policy choices. What ...
Norway wealth fund backs shareholder proposal to split Goldman CEO, chair roles
STOCKHOLM (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, said on Friday it would again vote in favour of a resolution calling for a split of the CEO and board chair roles at Goldman Sachs. Proxy ...
L'Oreal shares shine after Q1 sales beat expectations
PARIS (Reuters) - Shares in L'Oreal rose more than 4% % in early Friday trading after the French cosmetics giant reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday evening, beating expectations of 6.1% growth. By ...
Explainer-Bitcoin's 'halving': what is it and does it matter?
LONDON (Reuters) - Bitcoin's long-anticipated 'halving' is, depending on where you sit, a vital event that will burnish the cryptocurrency's value as an increasingly scarce commodity, or little more than a technical change talked up by ...