News

Microsoft accepting bitcoins for purchases

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If you want to buy games and other digital content on Microsoft’s Xbox, Windows Phone and Windows platforms, you can do so using bitcoins,...

Food waste in Canada cost $31 billion in 2014

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Food waste from Canadian restaurants, grocery stores and households cost a total of $31 billion in 2014, up from $27 billion in 2010, according...
Cenovus Energy Inc

Cenovus announces 15% cut in capital spending for 2015, cites low oil prices

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Canada’s second largest independent oil producer, Cenovus Energy Inc., announced on Thursday that its capital expenditure for 2015 will be cut by 15% due...
Russian interest rates

Russia raises interest rate to 10.5% to fight inflation and stem ruble slide

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The Central Bank of Russia has increased its benchmark interest rate to 10.5%, that is a rise of a full percentage point, as it...
Bombardier

Is Bombardier using Luxembourg to dodge provincial taxes?

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Canadian multinational aerospace and transportation company Bombardier Inc. is to be investigated by Revenu Quebec to determine whether it is using Luxembourg, a known...

Canada house prices may be 30% overvalued, Bank of Canada warns

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House prices in Canada may be overvalued, warns the Bank of Canada, and by up to 30%. However, Stephen Poloz, the central bank’s governor,...

House sales boost following stamp duty reform expected by UK surveyors

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Although house price growth declined in November, George Osborne’s overhaul of stamp duty is likely to boost sales, a UK Residential Market Survey carried...

Pension firms failing savers, who miss out on higher incomes

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Consumers are being failed by pension funds, says a review by the Financial Conduct Authority (FCA), the UK's financial regulatory body. Savers could have...
jobs

Australian unemployment rate rose to 6.3% in November, highest level since 2002

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The Australian unemployment rate rose to 6.3% in November, the highest level since 2002. According to the Australian Bureau of Statistics (ABS), the country’s unemployment...
debt

42.9 million American consumers have unpaid medical debts

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A government report revealed that almost 20 percent of American consumers (42.9 million people) have unpaid medical debts. The report was released by the Consumer...