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☆ Turkey central bank chief quits, citing need to protect her family
▼ + stars: | 2024-02-03 | by ( ) www.cnbc.com time to read: +3 min

Turkish Central Bank Governor Hafize Gaye Erkan answers questions during a news conference for the Inflation Report 2023-III in Ankara, Turkey on July 27, 2023. Anadolu Agency | Anadolu Agency | Getty ImagesTurkey's central bank governor Hafize Gaye Erkan resigned on Friday, citing a need to protect her family amid a "reputation assassination", and she was swiftly replaced by a deputy who is expected to carry on her tight policy stance. The first woman to lead the central bank, Erkan was its fifth governor in as many years. Since then the central bank had hiked its key rate to 45% from 8.5%. Last month, opposition newspaper Sozcu published an article about a central bank employee who said she was wrongfully dismissed from the bank by Erkan's father.

Persons: Turkish Central Bank Governor Hafize Gaye Erkan, Hafize Gaye Erkan, Tayyip Erdogan, Erkan, Fatih Karahan, Erdogan, Sozcu, Erkan's Organizations: Turkish Central Bank Governor, Anadolu Agency, Getty, Official Gazette, Turks, Federal Reserve Bank of New Locations: Ankara, Turkey, Federal Reserve Bank of New York, U.S

Amid the economic turmoil of the pandemic, his government racked up Canada's highest ever deficit. Failing to curb spending now risks "the market dictating to you what you have to do with fiscal policy," said Doug Porter, chief economist at BMO Capital Markets. "I do think they have to trim the sails a bit," he added. "It's going to be easier to get inflation down if monetary and fiscal policy are rowing in the same direction," Macklem said. Fitch Ratings stripped Canada of its triple-A credit rating in June 2020, citing pandemic spending.

Persons: Justin Trudeau, Doug Porter, Chrystia Freeland, Katherine Cuplinskas, Trudeau, Macklem, Desjardins, Randall Bartlett, Simon Deeley, Robert Asselin, DBRS Morningstar, Julia Smith, Steve Scherer, Fergal Smith, Denny Thomas, Josie Kao Organizations: OTTAWA, Trudeau's Liberal, BMO Capital Markets, Finance, International Monetary Fund, of Canada's, BoC, UK, RBC Dominion Securities Inc, New, Business Council of Canada, Fitch, Moody's Investors, Canada, Thomson Locations: Canada, FES, Germany, High, Ottawa, Toronto

☆ Canada's Sikhs are grateful - and afraid - after Trudeau's India allegations
▼ + stars: | 2023-09-30 | by ( Steve Scherer | ) www.reuters.com time to read: +5 min

India forcefully denied its involvement in Nijjar's murder, which took place in the parking lot of a Sikh temple in Surrey, BC. But Canadian Sikhs are unconvinced, and the minority who are active proponents of Khalistan are afraid. Trudeau's move risks derailing a strategic economic and political shift many Western countries are making towards India to counter China. Mukhbir Singh, a member of the Ottawa Sikh Society, said he backs the idea of Khalistan, but that Canadian Sikhs' views on the issue are not monolithic. "Prime Minister Trudeau has taken a stance" to make "paramount" the safety of its citizens, he said, even though the Canadian government does not support Khalistan.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Sentokh Singh, Trudeau's, Jagmeet Singh, Fen Hampson, Nijjar's, Gurmeet Singh, Mukhbir Singh, Trudeau, Suk Dhaliwal, Dhaliwal, Steve Scherer, Wa, Denny Thomas, Daniel Wallis Organizations: REUTERS, OTTAWA, Khalistan, Indian High Commission, New Democrats, Carleton University, RCMP, Ottawa Sikh Society, Liberal, Surrey, Reuters, Wa Lone, Thomson Locations: Surrey, British Columbia, Canada, Punjab India, India, New Delhi, Canadian, Ottawa, China, Punjab, Golden, Amritsar, Toronto

☆ Canada expels Indian diplomat as it investigates India’s possible link to Sikh activist’s slaying
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: +5 min

Canada's Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. Canada expelled a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist. Trudeau told Parliament that he brought up the slaying with Indian Prime Minister Narendra Modi at the G-20 last week. Canadian Foreign Minister Mélanie Joly said the head of Indian intelligence in Canada has been expelled as a consequence. It called on Canada to work with India on what New Delhi said is a threat to the Canadian Indian diaspora.

Persons: Justin Trudeau, Trudeau, Hardeep Singh Nijjar, Narendra Modi, Modi, Mélanie Joly, " Joly, Hardeep Singh, Dominic LeBlanc, Joly, Joe Biden, Rishi Sunak, Pierre Poilievre, Poilievre, Jagmeet Singh, Sikh, Singh, Nijjar Organizations: Canada's, Rideau Hall, Indian, Canadian, Indian Embassy, Associated Press, Public, Royal Canadian Mounted Police, United Nations, Assembly Relations, Conservative, Opposition New, India's Ministry, External Affairs, Sikh Organization of Canada Locations: Ottawa , Ontario, Canada, Indian, Surrey, British Columbia, Ottawa, India, New York City, United Kingdom, Delhi

☆ Canada's grocery industry needs more players to tame inflation - competition bureau
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - More players in Canada's grocery sector are crucial to combat soaring prices of essential goods amid persistent inflation, the country's competition watchdog said in a report on Tuesday. The report is the result of a months-long investigation by the Competition Bureau Canada as stubbornly high grocery prices weigh on the cost of living. These operators have also faced pressure from Canada's opposition New Democrats Party (NDP) for high grocery prices. Domestic retail giants have benefited from demand for essential grocery items, even as the prices of store-bought food outpaced the annual inflation rate for 10 consecutive months last year. Government data on Tuesday showed that grocery prices continued to surge, rising 9% year-over-year in May, while remaining nearly unchanged from the increases recorded in April.

Persons: Juveria, Anil D'Silva Organizations: Competition Bureau Canada, Metro, New Democrats Party, Domestic, NDP, Thomson Locations: Australia, Bengaluru

☆ India's opposition parties unite for 2024 national elections, BJP says not worried
▼ + stars: | 2023-06-23 | by ( Yp Rajesh | ) www.reuters.com time to read: +3 min

Their campaign got a shot in the arm in May when Congress trounced BJP in a key state election, exceeding expectations and gaining fresh momentum ahead of more state elections due this year and national elections in April-May 2024. Gandhi said the fight against BJP was an "ideological battle" and opposition parties were united in it. India's opposition parties have formed alliances to challenge governments - led by both Congress and BJP - in the past and win elections but have a mixed record of sticking together and running governments smoothly. BJP leaders said they were not worried as there was little hope for such alliances. "I want to tell leaders of the opposition, join as many hands as you want but opposition unity is not possible.

Persons: Narendra Modi's, Rahul Gandhi, Modi, Nitish Kumar, Kumar, Gandhi, Amit Shah Organizations: Bharatiya Janata Party, BJP, Congress, Aadmi Party, AAP, Modi, ji’s, YP Rajesh, Thomson Locations: DELHI, Patna, Bihar, Punjab, Delhi

☆ Belarus PM replaces Lukashenko at ceremony, sparks speculation
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

Lukashenko also did not speak at an event in Minsk marking the anniversary for the first time in his long presidency. According to the opposition news outlet Euroradio, Lukashenko was taken to an elite Minsk clinic on Saturday. Russian media rarely publish stories about the health of the leaders of Russia or its allied neighbours. Belarus' foreign minister Sergei Aleinik is expected on Monday to start this three-day visit to Moscow, Russia's foreign ministry said last week. Reporting by Ron Popeski and Lidia Kelly; Writing by Ron Popeski; Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Canadian Senate passes bill to compel local content on streaming giants
▼ + stars: | 2023-04-27 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, April 27 (Reuters) - Canada's Senate on Thursday passed the government's online streaming legislation after a 10-month debate over a law that will force firms like Netflix (NFLX.O) and Alphabet Inc-owned (GOOGL.O) YouTube to offer more Canadian content. Bill C-11, or the Online Streaming Act, cleared the unelected upper chamber of the Canadian parliament with 52 votes to 16 and one abstention. The government says the legislation will ensure that online streaming services promote Canadian music and stories, and support Canadian jobs. YouTube has said it does not oppose the bill in its entirety, but has raised concerns over its impact to user-generated content. The video platform says the law would force it to recommend Canadian content on its homepage, rather than videos tailored to a user's specific interests.

☆ Chris Hipkins set to replace Jacinda Ardern as New Zealand prime minister
▼ + stars: | 2023-01-20 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/2] A view shows the Executive Wing of the New Zealand Parliament complex, popularly known as "Beehive" because of the building’s shape, in Wellington, New Zealand July 23, 2020. REUTERS/Praveen MenonWELLINGTON, Jan 21 (Reuters) - Chris Hipkins is set to replace Jacinda Ardern as New Zealand's next prime minister after emerging as the only candidate nominated to lead the Labour Party, the party said on Saturday. Hipkins is expected to be confirmed as the new leader at a meeting of Labour’s 64 lawmakers, or Caucus, on Sunday. Hipkins is currently minister for police, education and public service as well as leader of the House. Hipkins becomes prime minister until the party’s term ends.

☆ For Iranians, this World Cup is about more than football
▼ + stars: | 2022-11-21 | by ( Issy Ronald | ) edition.cnn.com time to read: +13 min

In the buildup to the World Cup in Qatar, there were calls for Iran to be thrown out of the tournament. Protesting at the World Cup, on the biggest stage of all for football, carries potentially huge risks for the current players in the national team. Nonetheless, players will be free to protest at the World Cup so long as they do not break FIFA rules, their manager Queiroz has said. Iran’s football authorities vowed that “people who have not followed professional and sports ethics … will be dealt with according to the regulations,” a statement published by Iran’s Football Federation after the beach soccer game said. “While this is happening, I cannot see people being overly excited [about the World Cup] when they’re out on the street fighting for freedom,” Mossavat says.

☆ World Cup: Iranian men's soccer manager Carlos Queiroz says players can protest at Qatar 2022 within FIFA regulations
▼ + stars: | 2022-11-16 | by ( Matt Foster | ) edition.cnn.com time to read: +2 min

CNN —The manager of the Iranian men’s soccer team said his players are allowed to protest while they participate at the World Cup in Qatar, as long as those protests do not break FIFA rules. Carlos Queiroz made the comments at a press conference in Doha, Qatar, on Tuesday. According to Reuters, Queiroz said: “The players are free to protest as they would if they were from any other country as long as it conforms with the World Cup regulations and is in the spirit of the game. Queiroz selected star player Sardar Azmoun for the nation’s squad for the upcoming World Cup despite his public comments supporting anti-government protests. Iran begins its World Cup campaign on Monday against England.

☆ Iran arrests 'agent' of London-based opposition TV channel -Fars
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Nov 10 (Reuters) - Iranian forces have arrested an "agent" of an opposition television broadcaster, Iran International, while the individual was fleeing the Middle Eastern country, its semi-official Fars news agency said. On Tuesday, Iran's intelligence minister, Esmail Khatib, called the London-based channel a "terrorist" organisation. Iran believes Saudi Arabia is behind the opposition news outlet which has covered the protest movement extensively since it started. On Wednesday, Khatib warned Riyadh there was no guarantee Tehran would continue to maintain "strategic patience" towards its regional rival. read moreReporting by Dubai Newsroom; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ Canadian watchdog to study impact of competition on soaring food prices
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

Oct 24 (Reuters) - Canada's competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for Canadians. This is especially true when buying groceries," the Competition Bureau Canada said in a statement. Last week, the Canadian parliament supported an NDP proposal asking the government to make grocery store operators more accountable, tougher penalties for price-fixing and stronger competition laws. The Competition Bureau said it would study whether competition factors were impacting the price of food on top of other factors including Russia's invasion of Ukraine and supply chain disruptions, but it was not investigating specific allegations of wrongdoing. ($1 = 1.3705 Canadian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Ismail Shakil in Ottawa Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

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