California

Canada launches new Indo-Pacific strategy, focuses on 'disruptive' China

Canada launches new Indo-Pacific strategy, focuses on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, pledging more resources to deal with a “disruptive” China while working with the world’s second-largest economy on climate change and trade issues. . The 26-page document outlines spending of C$2.6 billion ($1.9 billion), including bolstering Canada’s military and cybersecurity presence in the …

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Furniture Today, a trade publication, reported that United had fired its chief executive, replacing him with current CEO Todd Evans (pictured)

Furniture maker fires 2,700 workers over text and emails while they slept

A Mississippi-based company that had become one of the largest furniture companies in the country laid off nearly all of its workforce over email and text two days before Thanksgiving. About 2,700 workers, most of whom live in northeast Mississippi, with others in North Carolina and California, lost their jobs in the early hours of …

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Dollar gains as China COVID concerns spur safe-haven buying

Dollar gains as China COVID concerns spur safe-haven buying

SINGAPORE, Nov 21 (Reuters) – The U.S. dollar was firmly higher against major currencies on Monday, while the Chinese yuan fell as sentiment soured on rising COVID cases and tighter restrictions in some cities of the world’s second largest economy. China’s capital, Beijing, reported two deaths on November 20, with the city’s most populous district …

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The Food and Drug Administration has declared lab-grown meat products developed by a California company safe for human consumption, paving the way for their debut in American restaurants and grocery stores.

From cells to steak: FDA says lab-grown meat is safe to eat, paving way for products

The Food and Drug Administration has declared lab-grown meat products developed by a California company safe for human consumption, paving the way for their debut in American restaurants and grocery stores. The agency’s decision on Wednesday applies to cultured chicken produced by Upside Foods, but is likely to bring products from one of dozens of …

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A 'perfect storm' is swirling as Canadians face high inflation and rising rates

A ‘perfect storm’ is swirling as Canadians face high inflation and rising rates

OTTAWA/WINNIPEG, Manitoba, Oct 30 (Reuters) – In a warehouse on an industrial stretch in Ottawa, giant metal crates containing donated groceries are stacked as volunteers sort canned goods, pasta and other food for distribution to Canadian city pantries. . Demand jumped 33% at the Ottawa Food Bank from pre-COVID-19 levels, with visits up as the …

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Sovereign bond market turmoil will spread well into next year: Reuters poll

Sovereign bond market turmoil will spread well into next year: Reuters poll

BENGALURU, Oct 24 (Reuters) – Turmoil in global sovereign bond markets is set to linger for another six months to a year as central banks continue to raise interest rates to bring down inflation, according to a Reuters poll of investors. market strategists. More than a year after inflation first became a concern and just …

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It pays to have financial knowledge.  I learned why the hard way

It pays to have financial knowledge. I learned why the hard way

If I learned anything from my parents’ financial struggles, it’s that you have to make informed decisions when it comes to money. We lived well growing up. We were the typical Southern California family with a ranch in an expensive Los Angeles suburb with several (rented) cars and a boat. That is, until my father …

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Dollar plunges as U-turn in UK budget improves market sentiment

Dollar plunges as U-turn in UK budget improves market sentiment

NEW YORK, Oct 17 (Reuters) – The dollar fell against a basket of major currencies and the pound jumped on Monday after Britain’s new finance minister scrapped most of the government’s “mini budget”, triggering a rise in UK and US government bonds and reducing demand for the US safe-haven currency. Jeremy Hunt, who was appointed …

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Dollar rises slightly, yen slides towards level that prompted intervention

Dollar rises slightly, yen slides towards level that prompted intervention

LONDON, Oct 11 (Reuters) – The U.S. dollar edged back toward multi-year September highs on Tuesday as concerns over rising interest rates and geopolitical tensions unsettled investors, while the yen hovered near the level which prompted last month’s intervention. Strong US labor market data and the expectation that Thursday’s inflation numbers will remain stubbornly high …

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