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21.11.2021 / 16:59

Rural Boom: Why millennials are flocking to small town Canada

The twin crises of the pandemic and housing affordability are creating a seismic shift across the country. As millennials look to put down roots and start families, they’re saying goodbye to Canada’s big cities and settling in small towns.

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US unemployment claims drop seventh straight week to 268,000

WASHINGTON - The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000.U.S. jobless claims dipped by 1,000 last week from the week before, the Labor Department reported Thursday.The applications for unemployment aid are a proxy for layoffs, and their steady decline this year — after topping 900,000 one week in early January — reflects the labor market's strong recovery from last year's brief but intense coronavirus recession.

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Singapore gradually easing COVID-19 measures: PM Lee Hsien Loong

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Glasgow Climate Pact: UN official satisfied with 'good compromise'

GLASGOW, Scotland (AP) - It was no deal or a lump of coal at Glasgow climate talks and for Patricia Espinosa, the United Nations’ climate secretary, there was no choice."No deal was the worst possible result there. Nobody wins," Espinosa said in an interview with The Associated Press Sunday, about 15 hours after nearly 200 nations agreed on what is now being called the Glasgow Climate Pact.The world got a climate deal that outside experts said showed progress, but not success.

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Alberta launches review after document recommended students learn how Nazis ‘strengthened’ economy

Second World War date back almost four decades, Global News has learned.The provincial government is now launching a full review of all documents on Alberta Education’s website after the 1984 document – which was republished in January 2020 – suggested teachers should provide a nuanced view of the murderous Nazi regime.

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US inflation: Economists explain why consumer prices are rising

WASHINGTON - Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave.For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.

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China: Frequent Covid lockdowns, restrictions hampering businesses

China, hampering its local businesses adversely.

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US consumer prices jumped 6.2% in past year, highest inflation rate since 1990

WASHINGTON - Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990.The year-over-year increase in the consumer price index exceeded the 5.4% rise in September, the Labor Department reported Wednesday.

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COVID-19: Global economy could lose as much as $9.2 trillion if developing nations don’t have access to vaccines, says NDP MP

NDP MP Don Davies said on Tuesday that if wealthier countries don’t ensure developing nations receive COVID-19 vaccines, other variants could develop and spread, and the global economy could lose as much as $9.2 trillion.

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How JPMorgan is helping Washington make sense of the pandemic economy

This story has been published from a wire agency feed without modifications to the textNever miss a story! Stay connected and informed with Mint. Download our App Now!!

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October jobs report expected to show pickup in hiring

WASHINGTON - After two disappointing months of hiring, a key question overhanging Friday's U.S. jobs report for October will be whether companies found more success this time in filling millions of open positions.Economists have forecast that employers added roughly 400,000 jobs last month, according to a survey by the data provider FactSet.

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Plan your parking now at PHL ahead of holiday season

PHILADELPHIA - COVID closed Philadelphia International Airport's economy lot and now we're learning it will likely never re-open as we knew it before."We tried to get in there and it was closed in August," traveler Frank Celon said.Closed in August and still is. The 7,000 parking spots have been empty since March of 2020, leaving the 12,000 in the garages as the only on-site parking alternative.And these days, those garages average 85 % capacity.

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US unemployment claims drop to new pandemic low

unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year's coronavirus recession.

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US unemployment claims drop to 269,000, another pandemic low

WASHINGTON - The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year's coronavirus recession.Jobless claims dropped by 14,000 to 269,000 last week. Since topping 900,000 in early January, the weekly applications have fallen more or less steadily ever since and are gradually moving toward pre-pandemic levels of around 220,000 a week.Overall, 2.1 million Americans were collecting unemployment checks the week of Oct.

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Fed dialing back COVID-19 economic aid amid high inflation

WASHINGTON - The Federal Reserve will begin dialing back the extraordinary economic aid it’s provided since the pandemic erupted last year, a response to high inflation that now looks likely to persist longer than it did just a few months ago.In a statement Wednesday after its latest policy meeting, the Fed said it will start reducing its $120 billion in monthly bond purchases in the coming weeks, by $15 billion a month, though it reserved the right to change that pace. Those purchases have been intended to hold down long-term interest rates to encourage borrowing and spending.

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Christmas light switch on events axed in South Ayrshire amid Covid fears

There will be no formal Christmas light switch-on events in South Ayrshire this year after the council expressed fears over the high number of coronavirus cases.

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Biden, EU believe deal on steel tariffs will help with climate change

ROME (AP) - President Joe Biden said Sunday a new U.S. and European Union trade agreement would crack down on "dirty steel" that produces carbon emissions that are blamed for climate change and also patch up a trans-Atlantic rift over Trump-era steel and aluminum tariffs.Biden and European Commission President Ursula von der Leyen said at a joint appearance during the Group of 20 summit that the agreement represented a renewed partnership on economic and environmental matters.

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G20: Leaders commit to reaching climate neutrality, end coal financing

ROME (AP) - Leaders of the world’s biggest economies made a compromise commitment Sunday to reach carbon neutrality "by or around mid-century" as they wrapped up a two-day summit that was laying the groundwork for the U.N.

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Biden seeks solutions for supply chain delays at G20 summit

ROME (AP) - President Joe Biden is convening world leaders at the Group of 20 summit on Sunday to talk about ways to relieve the supply chain bottlenecks hampering the global economy as it recovers from the coronavirus pandemic.Despite devoting a combined $15 trillion to combat the fallout from COVID-19, many of the world's largest economies are slogging through mass shortages as ships are waiting to dock, the prices of shipping containers climb, not enough trucks exist to haul goods from ports, and virus outbreaks halt factory production.Supply chain issues have emerged as a point of economic and political pain for Biden, as the delays have contributed to inflation and potentially put a damper on holiday shopping.

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G-20 summit: Leaders endorse global minimum tax on corporations

ROME (AP) - Leaders of the world's biggest economies on Saturday endorsed a global minimum tax on corporations as part of an agreement on new international tax rules, a step toward building more fairness amid skyrocketing revenues of some multinational businesses.The move by the Group of 20 summit in Rome was hailed by U.S. Treasury Secretary Janet L.

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Gas prices increase again in New Jersey, across the nation

TRENTON - Drivers in New Jersey and around the nation are still seeing prices at the pump go up amid increasing demand. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.45, up 2 cents from a week ago. MORE LOCAL HEADLINESThe national average price for a gallon of regular gasoline was $3.40 up three cents from last week. Analysts say robust demand as the economy recovers from the depths of the pandemic is combining with high crude prices to move gas prices to a level not seen since the fall of 2014.___DOWNLOAD: FOX 29 NEWS APP | FOX 29 WEATHER AUTHORITY APPSUBSCRIBE: Good Day Digest Newsletter | FOX 29 Philly on YouTubeAdvertisementFOLLOW: Facebook | Instagram | Twitter

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G-20 starts with plea for more vaccines for poor countries

ROME (AP) - Italy's Premier Mario Draghi made a sharp call to pick up the pace in getting vaccines to poor countries as he opened a conference of the world's powerhouse economies, calling the gaping global COVID-19 vaccine gap "morally unacceptable."Draghi, the host for the two-day Group of 20 summit in Rome, said Saturday that only 3% of people in the world's poorest countries are vaccinated, while 70% in rich countries have had at least one shot.Climate change, vaccines, the recovery, international taxation are all themes occupying leaders holding their first in-person summit since the pandemic took hold.

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G20 leaders meet after two years, with climate, COVID and economy in focus

THIN ON DETAILS

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US unemployment claims drop to pandemic low of 281,000

WASHINGTON - The number of Americans applying for unemployment benefits fell to a pandemic low last week, another sign that the job market and economy continue to recover from last year's coronavirus recession.Jobless claims dropped by 10,000 to 281,000, lowest since mid-March 2020, the Labor Department said Thursday. Since topping 900,000 in early January, weekly applications have steadily dropped, moving ever closer to prepandemic levels just above 200,000.In all, 2.2 million people were collecting unemployment checks the week of Oct.

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Former Alberta UCP staffer alleges sexual harassment, heavy drinking in lawsuit against premier’s office

Jason Kenney to resign.In a statement of claim filed Oct. 1, Ariella Kimmel — the former chief of staff to the minister of jobs, economy and innovation — alleges sexual harassment, fabrication rumours of her leaking stories and heavy drinking by ministers and senior staffers inside the legislature.None of the allegations has been proven in court.

Jason Kenney economy Government reports

2021 holiday sales projected to hit new records

retail trade group projected Wednesday that holiday sales may "shatter previous records" even with the economy facing a range of headwinds including supply chain disruptions, inflationary pressures to widespread labor shortages. Over the next two months, the National Retail Federation (NRF) estimated that spending could grow as much as 10.5% over 2020, with total sales reaching between $843.4 billion and $859 billion. By comparison, sales grew 8.2% to $777.3 billion in 2020. "There is considerable momentum heading into the holiday shopping season," NRF CEO Matthew Shay said.Last year, digital channels saw "extraordinary growth" as more consumers turned to their computers to purchase gifts rather than going to physical stores.

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O’Toole says Conservatives will follow COVID-19 vaccine rule, but will challenge House mandate

Conservative Party Leader Erin O’Toole said Wednesday, following a meeting with his caucus, that his MPs would follow the rule requiring all members of Parliament be fully vaccinated for COVID-19 in order to enter the House of Commons precinct. But he said “at the earliest opportunity,” the party would seek to challenge the vaccine mandate put into place earlier this month by the all-party board of internal economy.

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Trudeau to unveil new cabinet, shuffle senior ministers and drop Garneau: sources

Justin Trudeau will overhaul his cabinet today as he gears up to rapidly deliver on a host of priorities for his third term as prime minister.He is expected to add a number of new faces from the Liberal backbench, shuffle the existing roster in some of the most senior portfolios and drop at least one minister altogether.Sources, speaking on condition of anonymity because they weren’t authorized to talk publicly about today’s swearing-in ceremony, say Foreign Affairs Minister Marc Garneau is expected to be dropped from cabinet as Trudeau makes room for fresh blood while maintaining gender parity and regional balance.Environment Minister Jonathan Wilkinson is expected to be moved to natural resources, with a new focus on clean tech.Heritage

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Why everything you want is out of stock or more expensive

As the global economy roars back after two years of lockdowns due to the COVID-19 pandemic, supply chains are getting congested, causing consumers to find many products they want to be out of stock, or with higher price tags. Anne Gaviola explains how the global supply chain system works and how this crisis happened.

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Moe focuses on economy, not pandemic, in major speech

Scott Moe gave his state of the province speech Monday, in which he painted a very bright picture of Saskatchewan’s future.

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US Treasury appoints 1st-ever counsel for racial equity

NEW YORK (AP) - The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries.Treasury Secretary Janet Yellen said Monday that Janis Browdler will be the department's first counselor for racial equity, part of a multi-pronged strategy by the Biden administration to deal with systemic racism found in many parts of the economy.Banking and finance have long had issues with racial inequity, from the lack of representation of Blacks and other minorities at the highest levels of companies to ongoing issues of getting equal access to services for non-white borrowers."Treasury must play a central role in ensuring

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President Biden in New Jersey Monday to push infrastructure bill, education agenda

NEW JERSEY - President Joe Biden continues to push his Infrastructure Deal and Build Back Better Agenda with stops in New Jersey on Monday.The Commander-in-Chief will attend the groundbreaking for the Portal North Bridge which will replace the Portal Bridgeover the Hackensack River between Newark and Penn Station. His visit to the Garden State will also include stops at an elementary school in North Plainfield and the NJ Transit Meadowlands maintenance complex in Kearny.The $1 trillion bi-partisan infrastructure bill would bring valuable money to the Tri-State Region's transportation network.Progressive Democrats want to pass both bills- in tandem- through a process called reconciliation.

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Twitter CEO Jack Dorsey's dire warning: 'Hyperinflation' will soon 'change everything'

Twitter founder Jack Dorsey has issued a cryptic warning that "hyperinflation" will "change everything."In typical Dorsey style, the social media CEO tweeted out his comment, saying that "it will happen in the US soon, and so the world." Hyperinflation is typically very high and accelerated inflation. Researchers have documented 57 cases of hyperinflation as of 2018, with the first recorded episode occurring between 1795 and 1796 in post-revolutionary France, according to The Economist.Some economists and writers have looked at possible hyperinflation in the U.S.

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Schools forced to limit lunch options amid nationwide supply chain crisis

limit the choices students have for breakfast and lunch.It’s the latest phase of a supply chain crisis that’s gripped the U.S economy for months. In Ohio, supply strain has led the staff at Akron Public Schools to take a second look at their lunch menus – where there used to be up to five different meal choices every day, there are now only two. "Trying to get that much quantity of one product is not easy," said Ryan Foulk, a nutritional services specialist. "I’m not saying we don’t have food to serve, it’s just getting it from one location of the country to the next is the hardest thing to do."Fresh produce and plastic trays are just a few things Foulk told FOX Business he’s had a hard time finding since the school year began.

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One in four business owners 'more ready than ever' for success following pandemic

A quarter of business owners feel "more prepared than ever" to guide their companies to success following the pandemic.Research into 1,000 small-to-medium enterprise owners found 35 percent managed to navigate the last 18 months better than they had expected.On average, small businesses estimate they have grown by 6.2 percent, despite the challenges they faced.The key growth drivers for many have been spotting a new gap in the market, a strong social presence, and online sales, while 24 percent are experiencing more demand post-pandemic.To keep ahead of the game, a quarter have started putting funds aside in case there are further lockdowns or world-changing scenarios.It also emerged three-quarters of small businesses polled were able to

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Canadians piled on more debt during COVID-19, see quality of life worsen: survey

Debt-ridden Canadians are seeing their quality of life diminish even further as the COVID-19 pandemic drags on, a new survey suggests.The 2021 BDO Affordability Index released Monday shows 43 per cent of Canadians added to their existing debt thanks to the pandemic. That’s up four per cent from the year before.One quarter (26 per cent) of Canadians have added at least one new type of debt, and 70 per cent of them say this new debt is making their quality of life even worse.

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Millions of capable workers are choosing not to participate in the labor force

OAKLAND, Calif. - Where have all the workers gone? That is the perplexing question in much of the U.S. and especially here in the Golden State. One expert who's been tracking California for four decades, also finds himself scratching his head."Most of us expected that workers would come back and that hasn't happened," said former EDD director and labor lawyer Michael Bernick.The Federal Bureau of Labor Statistics reported on Tuesday reported that 4.3 million U.S.

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Rent prices rising rapidly across the US, experts say

LOS ANGELES - Average rent prices across the U.S.

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Biden highlights cheaper child care in speech on stalled spending bill

WASHINGTON (AP) - President Joe Biden argued that investments in child care and other social safety net programs are imperative to keep America competitive in the global economy during a visit to a child care center in Connecticut on Friday, as part of his continued push for his stalled social spending bill.Biden visited a child development center in Hartford to promote his proposal to make such care free for lower-income families, and ensure that families making up to 150% of their state's median income pay less than 7% of their salaries on child care.

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Biden administration to install wind farms coast-to-coast to combat climate change

WASHINGTON - Seven major offshore wind farms would be developed on the East and West coasts and in the Gulf of Mexico under a plan announced Wednesday by the Biden administration.The projects are part of President Joe Biden’s plan to deploy 30 gigawatts of offshore wind energy by 2030, generating enough electricity to power more than 10 million homes.Interior Secretary Deb Haaland said her department hopes to hold lease sales by 2025 off the coasts of Maine, New York and the mid-Atlantic, as well as the Carolinas, California, Oregon and the Gulf of Mexico.

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Indian economy is recovering from Covid-19 crisis: World Bank president Malpass

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Social Security checks to increase by 5.9% in 2022 as inflation jumps

WASHINGTON - Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.The COLA, as it's commonly called, amounts to $92 a month for the average retired worker, according to estimates released Wednesday by the Social Security Administration.

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Outgoing Manchester council leader Sir Richard Leese to run NHS in Greater Manchester as chair of major new health board

Outgoing Manchester council chief Sir Richard Leese will take charge of the NHS in the region as he becomes chair of a major new health board, it has been announced.

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Gas prices on the rise, leaving only 8 states under $3 per gallon

Gas prices have jumped across the nation as oil prices reach a 7-year high, leaving only eight states with prices under $3 per gallon. The average price of gas across the nation stands at about $3.25 per gallon after jumping from 5.2 cents from a week ago, according to Patrick de Haan, head of petroleum analysis for GasBuddy. Prices are up 7.5 cents compared to a month ago and up more than $1 from a year ago, according to GasBuddy data compiled from more than 150,000 gas stations across the country. Diesel, meanwhile, is up more than 10 cents compared to last week and stands at $3.45 per gallon, according to the data. FILE - Gasoline fuel pumps.

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NFL: Düsseldorf, Frankfurt, Munich to bid for regular-season game in Germany

LONDON - The NFL selected the cities Düsseldorf, Frankfurt and Munich on Tuesday to enter a final bidding stage to host a regular-season game in Germany.Next season is the target for Germany to host its first game, though it could also debut in 2023 because of potential scheduling conflicts with soccer's World Cup, which begins next November in Qatar."After an initial period in which expressions of interest were received from multiple cities, Düsseldorf, Frankfurt and Munich have been invited to proceed to the ‘candidate phase’ of the process," the league said in a statement.

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September jobs report: US adds weak 194K jobs as delta maintains hold

WASHINGTON - U.S.

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HBO television series ‘The Last of Us’ takes over parts of Edmonton

HBO television production is taking over some Edmonton streets this month.HBO and Calgary-based Bear and Pear Productions, Inc. are creating a new series based on the popular post-apocalyptic The Last of Us video game and the multi-million-dollar production is filming its first season all over Alberta.It looks like the end of the world has arrived on Rice Howard Way in downtown Edmonton, but people walking by say the apocalypse has never looked so good.“I think that’s really cool this is happening in our city right now.

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US unemployment claims fall to 326,000, first drop in four weeks

WASHINGTON - The number of Americans applying for unemployment benefits fell last week, another sign that the U.S. job market and economy continue their steady recovery from last year's coronavirus recession.Unemployment claims fell by 38,000 to 326,000, the first drop in four weeks, the Labor Department said Thursday.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0