Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Ismail Shakil"


25 mentions found


U.S. Rep. Jim Jordan (R-OH), currently the top contender in the race to be the next Speaker of the U.S. House of Representatives, is pursued by reporters prior to a second round of voting at the U.S. Capitol in Washington, U.S., October 18, 2023. REUTERS/Jonathan Ernst Acquire Licensing RightsOct 19 (Reuters) - Outspoken U.S. Republican Jim Jordan will not hold a third ballot to be speaker of the U.S. House of Representatives and will instead back empowering interim speaker Patrick McHenry, the Washington Post and Punchbowl said on Thursday. Jordan declined to comment ahead of a meeting of Republicans. Reporting by David Ljunggren, editing by Ismail ShakilOur Standards: The Thomson Reuters Trust Principles.
Persons: Jim Jordan, Jonathan Ernst, Republican Jim Jordan, Patrick McHenry, Punchbowl, Jordan, David Ljunggren, Ismail Shakil Organizations: Rep, U.S . House, U.S, Capitol, REUTERS, Republican, Washington Post, Thomson Locations: Washington , U.S
Canada annual inflation rate edges down to 3.8% in September
  + stars: | 2023-10-17 | by ( ) www.reuters.com   time to read: +1 min
People pay for their items at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Oct 17 (Reuters) - Canada's annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said on Tuesday. This beat analysts' expectations for annual inflation to remain at 4.0%. Percent changesMonth-on-month Year-on-yearSep Aug Sep AugCPI - all items -0.1 +0.4 +3.8 +4.0CPI - common n/a n/a +4.4 +4.8CPI - median n/a n/a +3.8 +4.1CPI - trim n/a n/a +3.7 +3.9Bank of Canada core -0.1 +0.1 +2.8 +3.3All items ex food/energy -0.1 +0.2 +3.2 +3.6Goods -0.3 +0.6 +3.6 +3.7Services 0.0 +0.1 +3.9 +4.3Energy -1.0 +3.7 +5.4 +1.8Seasonally adjusted +0.2 +0.6 n/a n/aCore CPI, SA -0.1 +0.3 n/a n/aNOTE: Analysts in a Reuters survey had forecast September CPI to be 4.0% annualized, and to be up 0.1% on the month. (Reporting by Dale Smith; Editing by Ismail Shakil)((ismail.shakil@tr.com))Keywords: CANADA ECONOMY/INFLATIONOur Standards: The Thomson Reuters Trust Principles.
Persons: Carlos Osorio, Dale Smith, Ismail Shakil Organizations: REUTERS, Rights OTTAWA, Statistics, of Canada, CPI, SA, Thomson Locations: Toronto , Ontario, Canada, Statistics Canada
REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Oct 17 (Reuters) - Canada's annual inflation rate unexpectedly slowed to 3.8% in September and underlying core measures also eased, data showed on Tuesday, prompting markets and analysts to trim bets for another interest rate hike next week. Analysts polled by Reuters had forecast inflation to hold steady at the 4.0% rate recorded in August. Two of the Bank of Canada's (BoC's) three core measures of underlying inflation also decelerated. Money markets trimmed bets for a rate hike next week after the data. "There's no need for further rate hikes in Canada," Reitzes said.
Persons: Carlos Osorio, Jules Boudreau, stoking, Benjamin Reitzes, Reitzes, Statscan, Derek Holt, Macklem, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajagopal, Jonathan Oatis, Nick Zieminski Organizations: REUTERS, Rights OTTAWA, Reuters, Statistics, Mackenzie Investments, Bank of Canada's, Bank of Canada, BoC, BMO Capital Markets, Scotiabank . Bank of Canada, Thomson Locations: Toronto , Ontario, Canada, Statistics Canada, Mackenzie, Ottawa, Toronto
OTTAWA (Reuters) - Canadians should consider leaving Lebanon while they can because of heightened security risks in the region, Foreign Minister Melanie Joly said on Monday, after Ottawa helped evacuate a group of Canadians from the West Bank into Jordan. "Canadians in Lebanon should consider leaving while commercial flights remain available," Joly said. Like other countries, Canada is trying to evacuate citizens, permanent residents and their families from the region after Hamas' deadly attack on Israel this month and the subsequent Israeli military retaliation. Canada has been using two military planes to airlift people who needed help leaving Israel, and earlier on Monday, Joly said the first group of Canadians had safely crossed from the West Bank into Jordan. There are also about 300 people in Gaza that Canada is seeking to bring out through the Rafah border crossing into Egypt.
Persons: Melanie Joly, Joly, Ismail Shakil, Jonathan Oatis Organizations: OTTAWA, Ottawa, West Bank Locations: Lebanon, Jordan, Gaza, Israel, Canada, Rafah, Egypt, Ottawa
Canada PM calls for immediate humanitarian corridor into Gaza
  + stars: | 2023-10-16 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Canada's Prime Minister Justin Trudeau speaks at the ASEAN-Indo Pacific Forum (AIPF) during the 43rd ASEAN Summit in Jakarta, Indonesia on September 6, 2023. Trudeau made his remarks after diplomatic efforts failed to get aid to Gaza. "Canada is calling for unimpeded humanitarian access and a humanitarian corridor, so that essential aid like food, fuel and water, can be delivered to civilians in Gaza. Canada has been using two military planes to airlift people who needed help leaving Israel. Five Canadians have been killed in the Hamas attack on Israel while three are still missing.
Persons: Justin Trudeau, ADEK BERRY, Trudeau, David Ljunggren, Ismail Shakil, Jonathan Oatis Organizations: Canada's, ASEAN, Pacific, ASEAN Summit, Rights OTTAWA, Canadian, West Bank, Thomson Locations: Jakarta, Indonesia, Gaza, Israel, Canada, Ottawa, Lebanon, Jordan, Rafah, Egypt
Bill Blair is sworn in as Canada’s Minister of National Defence, as Prime Minister Justin Trudeau sits, during a cabinet shuffle at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. REUTERS/Blair Gable/File Photo Acquire Licensing RightsOTTAWA, Oct 16 (Reuters) - The interception of a Canadian military plane by Chinese fighter jets over international waters on Monday was unacceptable, dangerous and reckless, said Defence Minister Bill Blair. In June 2022, Canada's military accused Chinese warplanes of harassing its patrol aircraft as they monitored North Korea sanction evasions, sometimes forcing Canadian planes to divert from their flight paths. In May, the Pentagon said a Chinese fighter jet carried out an "unnecessarily aggressive" maneuver near a U.S. military plane over the South China Sea in international airspace. The encounter followed what Washington calls a recent trend of increasingly dangerous behavior by Chinese military aircraft.
Persons: Bill Blair, Justin Trudeau, Blair Gable, Blair, David Ljunggren, Ismail Shakil, Cynthia Osterman Organizations: National Defence, Rideau Hall, REUTERS, Rights OTTAWA, Canada's Global, North, Canadian, Global, Pentagon, Washington, Thomson Locations: Ottawa , Ontario, Canada, Canadian, North Korea, China, People's Republic of China, Ottawa, Chinese, U.S, South
OTTAWA, Oct 13 (Reuters) - Canada's Supreme Court on Friday ruled a federal law assessing how major infrastructure projects like coal mines and oil sands plants impact the environment is largely unconstitutional, in a blow to Prime Minister Justin Trudeau's government. "This is a significant setback for the federal government," said David Wright, a law professor at the University of Calgary. "The court has said the federal government can enact environmental assessment legislation but the way they went about it, for most of this law, goes too far." The IAA was drafted by Trudeau's Liberal government in 2019 in a bid to streamline and restore trust in the environmental approval process for major projects. Last year the federal government warned Suncor the environmental impact from expanding Base Mine would be "unacceptable" under the IAA because expected carbon emissions were too high.
Persons: Justin Trudeau's, Bill C, Richard Wagner, David Wright, Wright, Danielle Smith, Trudeau, Mike Martens, Major, Ismail Shakil, Nia Williams, David Ljunggren, Deborah Kyvrikosaios, Richard Chang Organizations: OTTAWA, Alberta, University of Calgary, IAA, Trudeau's Liberal, Liberals, Industry, Independent Contractors, Association Alberta, Thomson Locations: Canada, Ottawa, Alberta
OTTAWA, Oct 12 (Reuters) - The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp's proposed shipping tolls for its oil pipeline expansion project this autumn, before holding a hearing on the tolls next year. The timing of the decision aims to ensure interim tolls are in place when the pipeline expansion becomes operational, the regulator said in a statement. The 590,000 barrel-per-day Trans Mountain expansion project (TMEP) will nearly triple the flow of oil from the province of Alberta to Canada's Pacific Coast and is expected to start operating late in the first quarter of 2024. But shippers including Canadian Natural Resources (CNQ.TO) and Cenovus Energy (CVE.TO) are disputing the interim tolls proposed by Trans Mountain, arguing a portion of the base toll is too high. "After service begins on the TMEP and final costs are known, Trans Mountain can request approval from the Commission of the CER for final tolls," the regulator said.
Persons: CER, Nia Williams, Ismail Shakil, Leslie Adler, Bill Berkrot Organizations: OTTAWA, Canada Energy Regulator, Natural Resources, Cenovus Energy, Canadian, Thomson Locations: Alberta, Coast, Trans
The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsOTTAWA, Oct 12 (Reuters) - A Canadian news industry body on Thursday lent support to some of Google's concerns about a new law that aims to make large internet companies share advertising revenue with news publishers in the country. Canada tried addressing tech companies' concerns about the law in draft rules released in September, but Google and Meta Platforms META.O were not convinced. "We are aligned that there should be a firm ceiling, rather than a floor on financial liability," Deegan said in the statement. "We will continue to engage those with questions or concerns, including tech giants," Heritage Minister Pascale St-Onge said in a statement, adding that Ottawa will be reviewing submissions received during public consultation for the draft rules.
Persons: Shannon Stapleton, Paul Deegan, Deegan, Pascale St, Onge, Ismail Shakil, Jonathan Oatis Organizations: Google, Chelsea, REUTERS, Rights OTTAWA, News Media Canada, Globe and Mail, Toronto Star, NMC, Globe, Thomson Locations: New York City, U.S, Canada, Ottawa
OTTAWA, Oct 6 (Reuters) - Canada's economy added a net 63,800 jobs in September, more than tripling expectations, while the jobless rate stayed at 5.5%, Statistics Canada data showed on Friday. The average hourly wage for permanent employees rose 5.3% from September 2022, up from the 5.2% annual rise in August. The acceleration in wage growth is likely to worry the central bank, which has stressed that it will be hard to fully curb inflation if wages maintain their current patterns of rising between 4% and 5% annually. With September's robust gains, the economy is averaging 30,000 monthly employment growth this year, up from 25,000 a month earlier. Part-time employment growth, which has been outpacing a rise in full-time work this year, drove the gains in August with a net 48,000 positions added in the month, Statscan said.
Persons: Statscan, Ismail Shakil, Dale Smith Organizations: OTTAWA, Statistics, Reuters, Bank of Canada, Thomson Locations: Statistics Canada, Ottawa
The jobless rate stayed at 5.5% for a third consecutive month, Statistics Canada said. Wage growth is also beating market expectations," said Michael Greenberg, a portfolio manager for Franklin Templeton Investment Solutions. "Despite the aggressive rate hikes by the Bank of Canada, clearly demand remains strong and companies continue to hire. Money markets increased bets for a rate increase later this month after the jobs figures were published. With September's robust gains, the economy is averaging 30,000 monthly employment growth this year, up from 25,000 a month earlier.
Persons: Carlos Osorio, Michael Greenberg, Greenberg, Derek Holt, Holt, haven't, they've, we're, Statscan, Ismail Shakil, Nivedita Balu, Steve Scherer, Fergal Smith, Dale Smith, Mark Porter Organizations: Queen, West, REUTERS, Rights OTTAWA, Statistics, Reuters, Franklin Templeton Investment Solutions, Bank of Canada, Scotiabank, Thomson Locations: Toronto Ontario, Canada, Statistics Canada, U.S, Ottawa
U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 6 (Reuters) - U.S. authorities have arrested a former U.S. army sergeant and charged him for attempting to pass national defense information to China, the Justice Department said on Friday. Joseph Daniel Schmidt, whose last duty post was Joint Base Lewis-McChord in Washington state, was charged with federal felonies for attempting to deliver national defense information and retention of national defense information, the Justice Department said in a statement. Reporting by Ismail Shakil in Ottawa; editing by Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Joseph Daniel Schmidt, Ismail Shakil, Susan Heavey Organizations: REUTERS, Justice, Lewis, McChord, Justice Department, Thomson Locations: U.S, China, Washington, Ottawa
US expels two Russian embassy officials -State Dept
  + stars: | 2023-10-06 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, Oct 6 (Reuters) - The United States has expelled two Russian embassy officials after Russia earlier expelled two U.S. diplomats from the American embassy in Moscow, the U.S. State Department said on Friday. "In response to the Russian Federation's specious expulsion of two U.S. Embassy Moscow diplomats, the State Department reciprocated by declaring persona non grata two Russian Embassy officials operating in the United States," a State Department spokesman said. "The Department will not tolerate the Russian government's pattern of harassment of our diplomats," the spokesman said, adding that "unacceptable actions against our Embassy personnel in Moscow will have consequences." Russia said on Sept. 14 that it was expelling two U.S. diplomats whom it accused of working with a Russian national charged with collaborating with a foreign state. Relations between Moscow and Washington have plunged to their worst point in more than 60 years because of the war in Ukraine.
Persons: Washington, Simon Lewis, Ismail Shakil, Elaine Monaghan, Susan Heavey, Katharine Jackson, Sandra Maler Organizations: United, U.S . State Department, Embassy, State Department, Relations, Thomson Locations: United States, Russia, Moscow, U.S, Embassy Moscow, Russian, Washington, Ukraine, The U.S
Before sitting down with U.S. officials including Secretary of State Antony Blinken and Homeland Security Secretary Alejandro Mayorkas, Mexican President Andres Manuel Lopez Obrador condemned the latest wall plan as a "step backwards". At the talks, officials pledged to step up cooperation to combat drug trafficking, organized crime and to ease migratory pressures on the border. Lopez Obrador has praised U.S. President Joe Biden for not building more border wall during his administration. The barrier was a major bone of contention between the United States and Mexico during Donald Trump's presidency. Still, 2024 is presidential election year in both the United States and Mexico and the resurgence of the wall could become a significant talking point on both sides of the border.
Persons: Andres Manuel Lopez Obrador, Raquel Cunha, Antony Blinken, Alejandro Mayorkas, Trump, Alicia Barcena, Blinken, Lopez Obrador, Joe Biden, Donald Trump's, Barcena, Mayorkas, Biden, Ovidio Guzman, Joaquin, El, Guzman, Matthew Miller, Rosa Icela Rodriguez, Dave Graham, Ismail Shakil, Simon Lewis, Howard Goller, Sandra Maler, Grant McCool Organizations: Regeneration, REUTERS, MEXICO CITY, Homeland, U.S, Republican Party, Democrat, State, Mexican, Thomson Locations: Mexico City, Mexico, MEXICO, U.S, Mexican, United States, Starr County , Texas, Sinaloa
Trump, president from 2017 to 2021, has regularly made sweeping claims of immunity both while in office and since leaving the White House. The U.S. Supreme Court in 2020 spurned Trump's argument that he was absolutely immune from state criminal investigations while president. The judge said Trump's actions leading up to the riot, casting doubt on the election results, were not official responsibilities. The case is one of four criminal prosecutions Trump, 77, faces as he seeks to retake the White House. Trump has asserted that impeachment, where the U.S. Congress can charge and try presidents for misconduct, is the appropriate way to hold presidents accountable for official actions.
Persons: Donald Trump, Letitia James, Caitlin Ochs, Stormy Daniels, Trump, Jack Smith, Mike Pence, Andrew Goudsward, Luc Cohen, Ismail Shakil, Susan Heavey, Scott Malone, Howard Goller Organizations: U.S, Trump Organization, REUTERS, Rights, White, Supreme, Capitol, Republican, Justice Department, Thomson Locations: New York City, U.S, Washington, York, Congress, New York
Canada Apologizes for Honor Awarded to Ex-Nazi Soldier in 1987
  + stars: | 2023-10-04 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +2 min
By Ismail Shakil and Steve SchererOTTAWA (Reuters) - Canada's Governor General Mary Simon has apologized for a top Canadian honor awarded in 1987 to a former Nazi soldier who moved to Canada after World War Two and went on to become the Chancellor of the University of Alberta. The governor general at the time awarded the Order of Canada, a top civilian honor that recognizes outstanding achievement and service to the nation, to Peter Savaryn, who was praised for promoting multiculturalism in Canada. Savaryn and Hunka had fought in the same Waffen SS unit. The Hunka incident has led to calls for Ottawa to release the Deschenes Commission report from the 1980s that probed the alleged presence of war criminals in Canada. Governor General Simon is Canada's official representative of head of state King Charles.
Persons: Ismail Shakil, Steve Scherer OTTAWA, General Mary Simon, Peter Savaryn, Savaryn, Adolf Hitler's Waffen, Yaroslav Hunka, Hunka, Justin Trudeau, General Simon, King Charles ., Steve Scherer, Rosalba O'Brien Organizations: Canada's, Nazi, University of Alberta, of Canada, Adolf Hitler's Waffen SS, of, Reuters, Waffen SS, Canada, Ottawa Locations: Canada, of Canada, Canada's, Savaryn, Ottawa
U.S. President Joe Biden makes a statement about the stopgap government funding bill passed by the U.S. House and Senate to avert a government shutdown at the White House in Washington, U.S., October 1, 2023. REUTERS/Bonnie Cash Acquire Licensing RightsWASHINGTON, Oct 3 (Reuters) - U.S. President Joe Biden spoke with the leaders of allied countries, the European Union and the NATO military alliance on Tuesday about continuing coordinated support for Ukraine, the White House said. The call included the leaders of Canada, Germany, Italy, Japan, Poland, Romania, Britain and France, as well as the heads of NATO, the European Commission and the European Council, the White House said in a statement. The White House said it would release a readout of the call. Reporting by Jasper Ward in Washington and Ismail Shakil in Ottawa; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Bonnie Cash, Biden, Jasper Ward, Ismail Shakil, Rami Ayyub Organizations: U.S . House, Senate, White, REUTERS, Rights, European Union, NATO, European Commission, European Council, Kyiv, Thomson Locations: Washington , U.S, Ukraine, Canada, Germany, Italy, Japan, Poland, Romania, Britain, France, Russia, United States, Washington, Ottawa
Park staff found two cans of bear spray at the scene and that the individuals' food had been hung appropriately to avoid attracting animals, Parks Canada said in a statement. The deaths were the first from a grizzly bear in Banff National Park in decades and involved a bear that was not collared, tagged or previously known to park staff, according to the statement. Parks Canada was alerted about the bear attack late Friday and the response team shot and killed the animal when it charged at them. Banff National Park, which attracts more than 4 million tourists every year, is home to both grizzly and black bears. There are about 60 grizzly bears in Banff National Park and are considered to be a threatened population in Alberta.
Persons: Kim Titchener, Ismail Shakil, Lisa Shumaker Organizations: Park, Parks, Parks Canada, Bear Safety, Thomson Locations: Banff, Parks Canada, Canadian, hibernating, Alberta, Ottawa
A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsSept 7 (Reuters) - A wider ban on China state employees from using Apple's (AAPL.O) iPhones is not surprising and seeks to limit a Western company's market access, the chairman of the U.S. House panel on China told Reuters on Thursday. "American tech companies seeking to cozy up to the CCP must realize the clock is ticking,” added Gallagher, a Republican. Apple's shares have slipped amid the reports amid fears of tit-for-tat action as Sino-U.S. tension rise. Apple and China's State Council Information Office, which handles media queries on behalf of the government, have not responded to requests for comment on the reported ban.
Persons: Thomas Peter, iPhones, Mike Gallagher, , Gallagher, Apple's, Karen Freifeld, Jasper Ward, Ismail Shakil, Susan Heavey Organizations: Apple, REUTERS, U.S ., Reuters, Communist Party, CCP, People's, U.S, Republican, Wall Street Journal, Bloomberg, China's, Information Office, Thomson Locations: Beijing, China, People's Republic of China, Jasper
Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa, Ontario, Canada April 12, 2023. The central bank hiked rates by a quarter point in both June and July in a bid to tame stubbornly high inflation, which has remained above the bank's 2% target for 27 months. Bank of Canada Governor Tiff Macklem will deliver a speech and hold a press conference to discuss the decision on Thursday. Reuters GraphicsLiberal Prime Minister Justin Trudeau's support has sagged amid high inflation as his Conservative rival, Pierre Poilievre, hammered him for fueling inflation with government spending and driving up rates during a housing crisis. "The Bank of Canada's decision to maintain its overnight interest rate is welcome relief for Canadians," Finance Minister Chrystia Freeland said in a statement.
Persons: Blair Gable, Doug Porter, Andrew Kelvin, Justin Trudeau's, Pierre Poilievre, Chrystia Freeland, Steve Scherer, David Ljunggren, Fergal Smith, Ismail Shakil, Divya Rajagopal, Nivedita Balu, Mark Porter Organizations: Canada, REUTERS, Rights, Bank of Canada, Wednesday, Governing, BoC, BMO Capital Markets, Canadian, Reuters, TD Securities, Reuters Graphics Liberal, Conservative, Finance, Thomson Locations: Ottawa , Ontario, Canada
[1/4] U.S. President Joe Biden and first lady Jill Biden walk to Marine One on the South Lawn of the White House in Washington, U.S., September 2, 2023. "This evening, the First Lady tested positive for COVID-19," her communications director, Elizabeth Alexander, said in a statement. "Following the First Lady’s positive test for COVID-19, President Biden was administered a COVID test this evening," the White House said. "The President tested negative. The White House did not immediately respond to a request for comment on whether Biden’s foreign travel could be affected.
Persons: Joe Biden, Jill Biden, Ken Cedeno, Elizabeth Alexander, Biden, Biden's, Ismail Shakil, Matt Spetalnick, Trevor Hunnicutt, Muralikumar Anantharaman, Gerry Doyle Organizations: White, REUTERS, Rights, Sunday, Thomson Locations: Washington , U.S, India, Rehoboth Beach , Delaware, Delaware, New Delhi, Hanoi
U.S. President Joe Biden shakes hands with Chinese President Xi Jinping as they meet on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsREHOBOTH BEACH, Delaware, Sept 3 (Reuters) - U.S. President Joe Biden said on Sunday that he was disappointed that Chinese President Xi Jinping was not attending the summit of G20 leaders in India, but added that he was going to "get to see him." "I am disappointed ... but I am going to get to see him," Biden told reporters in Rehoboth Beach, Delaware, without elaborating. Asked if he was looking forward to his trip, Biden said, "Yes, I am." I think they both (India and Vietnam) want much closer relations with the United States and that can be very helpful," Biden said.
Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Li Qiang, Jeff Mason, Ismail Shakil, Diane Craft Organizations: REUTERS, Reuters, Thomson Locations: Bali , Indonesia, REHOBOTH BEACH , Delaware, India, Rehoboth Beach , Delaware, Vietnam, Asia, Beijing, New Delhi, United States
A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. Facebook and Google will need to voluntarily negotiate deals with news publishers in Canada and pay a portion of their global revenues, based on a set calculation, according to the draft regulations. Both companies have said that the law is unworkable for their businesses, and Meta has already ended news sharing on its platforms in Canada. Google also plans to block news from search results in Canada before the law comes into effect. Agreements that Google and Facebook reach must also cover independent local, Indigenous and official language minority community news businesses, according to the draft regulations.
Persons: Dado Ruvic, Alphabet's, Ismail Shakil, David Ljunggren, Mark Porter Organizations: REUTERS, Rights, Google, Canada's, Facebook, Meta, Canadian, Canadian Radio, Telecommunications Commission, Thomson Locations: Canada, Ottawa
The second-quarter reading was far lower than the Bank of Canada's (BoC's) forecast for a 1.5% annualized GDP growth as well as the 1.2% gain expected by analysts. The quarterly slowdown was largely due to declines in housing investment and smaller inventory accumulation as well as slower international exports and household spending, Statistics Canada said. The central bank hiked its benchmark overnight rate to a 22-year-high of 5.0% in July, the tenth increase since March of last year. The high interest rate environment has coincided with falling housing investment, which recorded its fifth consecutive quarterly decrease in the three months ended in June. The housing investment decline was led by a sharp drop in new construction as well as a fall in renovation activities, Statscan said.
Persons: Stephen Brown, Andrew Kelvin, Statscan, downwardly, Doug Porter, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Nivedita Balu, Mark Porter Organizations: Bank of Canada's, North, Capital Economics, Bank of Canada, Statistics, BoC, Reuters, TD Securities, Money, Canadian, BMO Capital Markets, Thomson Locations: OTTAWA, North American, Statistics Canada, Canada
The U.S. Commerce Department, which normally administers new licensing requirements on exports, did not immediately return a request for comment. Last September AMD said it had received new license requirements that would halt exports of its MI250 artificial-intelligence chips to China. Nvidia, AMD and Intel (INTC.O) have since then all disclosed plans to create less powerful AI chips that can be exported to the Chinese market. Nvidia this week did not specify which countries in the Middle East were affected. About 13.9% of sales came from all other countries combined, and Nvidia does not provide a revenue breakout from the Middle East.
Persons: Dado Ruvic, Biden, Jasper Ward, Ismail Shakil, Stephen Nellis, Max Cherney, Abinaya, Chris Sanders, Nick Zieminski, Matthew Lewis, Lincoln Organizations: NVIDIA, REUTERS, Nvidia, Devices, AMD, U.S, U.S . Commerce Department, Intel, USG, ., Thomson Locations: U.S, China, United States, Taiwan, Japan, Netherlands, Washington, Ottawa, San Francisco, Bengaluru
Total: 25