News

Oil

OPEC decides not to cut oil production, sends crude to a four-year low

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OPEC decided not to cut oil production on Thursday, sending benchmark crude to a new four-year low. Poorer members of the OPEC group called for...
Iphone 6

Bigger iPhones are cutting iPad use, analysis finds

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Are tablets a thing of the past since the advent of larger smartphones? One analysis found that the consumer behavior is changing drastically since...
Tembec's lumber mill in Temiscaming

Tembec production halted due to strike at Temiscaming lumber mill

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Canadian multinational paper company Tembec Inc. halted production at its Temiscaming lumber mill, in Quebec near the border of Ontario, following a strike by...
Suzanne Côté to Supreme Court of Canada

Suzanne Côté named to Supreme Court of Canada by Stephen Harper

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Suzanne Côté has been named by Prime Minister Stephen Harper to the Supreme Court of Canada. Ms. Côté is the first female from private...
Canadian trade balance

Canada’s current account deficit smallest in six years

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Canada posted its narrowest current account deficit since 2008 in Q3 2014, as deficits in tourism and investment fell and non-energy exports surged, Statistics...
Germany

German employment exceeded 43m in October, a record high

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German employment, the number of Germans with jobs, increased to an all-time record of more than 43 million in October, according to data published...
Canada Post

Canada Post turns $129m loss into $13m profit

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Canada Post Corporation reported a pre-tax profit for the 3rd quarter of $13 million, versus a $129 million loss in Q3 2013, the state-run...
Is a Canadian housing bubble imminent

Canadian housing market may be overvalued, warns IMF

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The Canadian housing market is showing worrying signs of overvaluation, the International Monetary Fund warned on Tuesday, adding that the evidence is starker in...
The Smith Commission

Scotland’s income tax should be set by Scottish Parliament, commission concludes

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The commission on strengthening devolution, the Smith Commission, concluded that Scotland’s income tax rates and bands, as well as decisions regarding benefits and welfare,...
Virgin-Stagecoach JV

Stagecoach and Virgin win InterCity East Coast rail franchise

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Stagecoach Group plc. and Virgin Group Ltd. are to be awarded the InterCity East Coast rail franchise, the UK Department forTransport announced on Thursday....