Article content (Bloomberg) — German lawmakers approved a controversial bill legalizing personal use of cannabis, paving the way for controlled consumption of the drug from April 1. The legislation introduced by Chancellor Olaf Scholz’s government — a first step toward a planned broader legalization — was supposed to take effect at the start of the […]
Breadcrumb Trail Links PMN Business Giorgia Meloni’s government is in preliminary talks with domestic, Ukrainian and Indian investors for a potential bid to rescue Italy’s biggest steelmaker. Author of the article: Bloomberg News Alberto Brambilla Published Feb 23, 2024 • 2 minute read Join the conversation Chimneys of Acciaierie d’Italia steel plant, formerly known as […]
Breadcrumb Trail Links PMN Business French Finance Minister Bruno Le Maire slammed the European Union for making only sluggish progress in bolstering capital markets, raising tensions over a project officials say is crucial to avoid prolonged economic weakness. Author of the article: Bloomberg News William Horobin and Jorge Valero Published Feb 23, 2024 • 3 […]
Breadcrumb Trail Links PMN Business The United Arab Emirates and Egypt agreed on a deal to develop premium land on the North African nation’s Mediterranean coast, with Abu Dhabi wealth fund ADQ saying it will lead a consortium that plans to invest $35 billion. Author of the article: Bloomberg News Mirette Magdy and Abdel Latif […]
Article content (Bloomberg) — Canadian consumers sharply pulled back their spending in January after stronger-than-expected retail purchases at the end of last year. Receipts for retailers fell 0.4%, the biggest decline since March 2023, according to an advance estimate from Statistics Canada released Thursday. That followed a 0.9% jump in December, which beat the median […]
Article content (Bloomberg) — Colombia’s state energy company, Ecopetrol SA, has determined that a natural gas deposit in the Caribbean Sea that officials were counting on to shore up the nation’s dwindling reserves is significantly smaller than initially estimated. Officials said Thursday that they are now reevaluating the discovery, named Orca-1. In the processes of […]
Article content (Bloomberg) — Canada’s population aging slowed for a second straight year as a result of strong immigration, including a recent boom in foreign students and temporary workers. The median age — which divides the population into two groups of equal size and is a key measure for a country’s age distribution — fell […]
Breadcrumb Trail Links PMN Business Author of the article: The Canadian Press Pascale Malenfant Published Feb 21, 2024 • 4 minute read Join the conversation Experts say that although recent cases of employers suing departed employees for breaking contracts early have been thrown out by the courts, Canadian employees shouldn’t take this as a go-ahead […]
Article content NEW YORK (AP) — About 40% of small business owners think 2024 will be a “make or break” year for their business, according to a survey by messaging service Slack. After several years of dealing with the pandemic, rising inflation and a tight job market, some small businesses — 32% of respondents — […]
Article content (Bloomberg) — Former SunPower Corp. chief executive officer Tom Werner has returned to the company as executive chair, just days after the struggling solar installer received a much-needed financial boost from its biggest shareholders. Werner spent almost 18 years at the company and took up his new duties Monday, according to a […]