Canadian economy growing at 2.8%, but oil price fall will push that down in...
Canada’s GDP grew by 2.8% annually in the third quarter, according to a Statistics Canada report issued on Friday, which was considerably higher than...
Alberta oil producers shudder at falling oil prices
Alberta oil producers face worsening economic conditions as oil prices continue sliding. Even the larger companies have joined their smaller rivals in expecting budgets...
Eurozone inflation slides closer to deflation danger zone
Inflation in the Eurozone slid to 0.3% in November compared to 0.4% in October, bringing the currency bloc dangerously closer to a deflationary spiral...
Drax and InterGen fined £39m for failing low income households
Drax Power and InterGen have been fined a total of £39 million for failing to meet energy measures to households in low-income areas.
Ofgem, the...
UK house prices soften further in November
Annual UK house price growth fell to 8.5% in November compared to 9% in October, marking the third successive month of declining rises, says...
Unemployment benefits applications rise, sluggish wage growth
For the first time in months the number of Americans applying for unemployment benefits has increased.
Last week the total number of applications rose by...
Audi developing an electric vehicle to compete with the Tesla Model S
Audi is the midst of developing an all-electric car to compete with Tesla’s Model S. The car will use technology from Audi’s R8 e-tron.
According...
OPEC decides not to cut oil production, sends crude to a four-year low
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...
Bigger iPhones are cutting iPad use, analysis finds
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 production halted due to strike at Temiscaming lumber mill
Canadian multinational paper company Tembec Inc. halted production at its Temiscaming lumber mill, in Quebec near the border of Ontario, following a strike by...