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☆ Strep A is surging in the UK and has already killed at least 19 children. Here's why it's taken so long to make a vaccine against this deadly pathogen.
▼ + stars: | 2022-12-16 | by ( Sarah Braner | ) www.businessinsider.com time to read: +5 min

Strep A is surging in the UK and has killed at least 19 kids, the UK Health Security Agency said. A vaccine would be better, but research groups have hit roadblocks during its development. Researchers have been trying to make a strep-A vaccine for decadesIf it's caught in time, strep A can be treated with antibiotics. There is no vaccine commercially available, but several research groups are working on developing one. A GSK spokesperson confirmed to Insider that it's also in the early stages of developing a strep-A vaccine but that it had not started human testing.

☆ A 'California girl' settled down in a remote Canadian city with her husband. They were finally able to buy a home and have a slice of the American dream.
▼ + stars: | 2022-12-09 | by ( Bill Murphy Jr. | ) www.businessinsider.com time to read: +9 min

Erin Ventura had no intention of leaving Los Angeles — until she met her Canadian husband, Justin Chiang. Erin Ventura grew up in Los Angeles, and she describes herself as "a California girl" through and through. But since Chiang was a Canadian citizen and Ventura was American, they had to choose which country to live in. Ventura said her husband was making a bit over 60,000 Canadian dollars a year playing in the military band. But I think in this case it's more of a 'big city, small city' kind of thing.

☆ TD Bank quarterly profit jumps on higher rates boost
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +1 min

Dec 1 (Reuters) - Canada's TD Bank (TD.TO) posted a surge in fourth-quarter profit on Thursday as gains from higher interest rates boosted its personal and commercial business and helped offset weakness in underwriting and capital markets. The lender set aside C$617 million in loan loss provisions, compared to a release of C$123 million a year earlier. TD Bank joined peers Royal Bank of Canada (RY.TO), Bank of Nova Scotia and National Bank of Canada (NA.TO) to mark higher funds this year to prepare for potential loan losses as worries of an economic downturn grow. read moreThe bank's personal and commercial business posted an 11% increase in net income, reflecting higher margins and strong volume growth. Overall net profit was C$6.67 billion, or C$3.62 per share, compared with C$3.78 billion, or C$2.04 per share.

☆ National Bank of Canada quarterly profit falls on higher expenses, provisions
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - National Bank of Canada (NA.TO) posted a lower fourth-quarter profit on Wednesday, as the Canadian lender set aside higher provisions in the face of an economic downturn. The company recorded $87 million in provisions for the three months ended Oct 31, compared to $41 million a year ago. The Canadian lender's personal and commercial unit saw net income jump 13% on strong lending as the central bank pumps up interest rates to combat decades-high inflation. The Canadian lender joined Bank of Nova Scotia in reporting a lower profit as fees from advisory and deals tank due to escalating worries of an economic downturn. ($1 = 1.3526 Canadian dollars)Reporting by Mehnaz Yasmin in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ After a slow start, the 2022 hurricane season roared in with memorable and destructive storms
▼ + stars: | 2022-11-30 | by ( Jennifer Gray | ) edition.cnn.com time to read: +8 min

CNN —As the hurricane season closes, a handful of blockbuster storms made history after an eerily quiet first half of the season gave false hope. In fact, we didn’t have any named storms from July 3 to August 31, the first time that’s occurred since 1941. One of those storms was Hurricane Ian, which hit land in late September and will go down as the most memorable storm of the 2022 season. “Tropical storms have formed in every month outside of hurricane season, and there have been a few hurricanes, too,” NOAA said. Historically, we’ve seen at least 15 named storms form in the month of December, even all the way up to December 30.

The transaction is also fraught with regulatory risks, analysts said, though RBC argues that HSBC's Canada business accounts for just 2% of Canadian banking market share. The finance minister has the authority to impose any terms and conditions, the finance department said in a statement. "This regulatory assessment isn't likely to be completed for some time," Calvin Goldman, former commissioner of Canada's competition bureau, told Reuters, referring to the latest deal. QUICK MOVEDespite the expected regulatory risks, RBC was keen to move quickly. RBC is paying 9.4 times HSBC's 2024 adjusted earnings, which KBW analysts said was a steep price, though offset by savings potentials.

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). I'm not worried about the recession because it feels like I've been practicing for years. Neither of us have family to depend on financially; in fact, we support my partner's family abroad. Ever since, I've bought the vast majority of our kid's clothes secondhand, and this child is never lacking in style. The night we were too broke for a hotel and lucked into a camping spot on a Big Sur riverbank.

Nov 27 (Reuters) - Top Canadian banks are expected to post a decline in fourth-quarter profits as choppy markets hurt wealth management and a slow deal pipeline dents income from investment banking, offsetting expected gains from business loans. On average, profit for the Big Six banks are expected to drop 4% from last year, hurt by lower investment banking activity. Royal Bank of Canada (RY.TO) and Bank of Montreal (BMO.TO), which have the largest capital markets businesses, are expected to see the biggest hit to profits. "Business lending was particularly strong and aided by strength in balances outside of Canada," KBW analysts Mike Rizvanovic and Abhilash Shashidharan said. National Bank of Canada (NA.TO) and Toronto-Dominion Bank (TD.TO), also among the Big Six, will report earnings on Wednesday and Friday, respectively.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

☆ Ukraine says will look into video allegedly showing its soldiers shooting Russians
▼ + stars: | 2022-11-21 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

“HRMMU is aware of the video and is looking into it,” it said in a statement to The Associated Press. “We have received credible allegations of summary executions of persons hors de combat, and several cases of torture and ill-treatment, reportedly committed by members of the Ukrainian armed forces,” Bogner said. Ukrainian forces often wear bits of yellow, blue or green to identify themselves on the battlefields. At least two other armed men wearing glimpses of yellow also appear to be watching the apparent surrender. Ukrainian forces claimed to have regained control of the front-line village earlier this month.

☆ I Saw a UFO, and So Did Members of My Flight Crew
▼ + stars: | 2022-11-08 | by ( ) www.wsj.com time to read: 1 min

Another pilot, another opinion on UFOs. I know they exist because I was the co-pilot of a Pan American cargo flight with five crew members who clearly saw their formation. It was on a crystal clear, moonless night over Nova Scotia’s south coast, and we all watched and saw the same thing through different panes of cockpit glass. It lasted five minutes and terminated with the most dazzling feat of aerodynamics we had ever seen. I have now retired to the largest fly-in community in the world, in which many highly trained observers know that UFOs are real, “cataracts and floaters” aside.

Eastern Canada, with its strong electricity-generating winds and short shipping distance, is a prime potential source for green hydrogen. Most hydrogen output uses natural gas or coal, called gray hydrogen, but companies want to produce green hydrogen without emissions by separating hydrogen from oxygen in water using wind-powered electrolyzers. Green hydrogen is typically more expensive, but soaring natural gas prices have elevated gray hydrogen production costs above those of green hydrogen, according to an October report. GERMANY-CANADA HYDROGEN PARTNERSHIPGermany and Canada signed a non-binding agreement in August to ship clean Canadian hydrogen to Germany by 2025. "We believe in green energy, but we don’t believe in destroying nature for a profit or supplying Germany," Rowe said.

LONDON, Nov 1 (Reuters) - New G7 and European Union sanctions on Russian oil exports will have a muted impact on flows and global prices according to analysts polled by Reuters, as Russia is set to largely succeed in rerouting its trade eastward. Analysts at the Bank of Nova Scotia, however, saw oil export and production levels remaining relatively flat despite the sanctions. Up to 80-90% of Russian oil could still flow if Moscow seeks to flout the G7 price cap, a U.S. treasury official told Reuters last month, leaving 1-2 million bpd shut in. "The implementation of Russian sanctions ... will remove 1.5 million bpd of supply from the market. "While we believe (the price cap) would be very difficult to implement, it would directionally raise the likelihood of more Russian oil staying on the market at any price."

The European common currency rose as high as$1.0048, the highest since Sept. 20, and was last up 0.5% at $1.0019. At 10:35 a.m. EDT (1435 GMT), the dollar was down 0.595% at 110.28 against a basket of six peer currencies. Fed officials have begun sounding out their desire to slow the pace of increases soon, according to a Wall Street Journal report on Friday that caused markets to reprice. The aggressive pace of Fed tightening this year, aimed at taming stubbornly high inflation, has turbo-charged the dollar. The dollar slumped more than 1.3% against China's offshore yuan , while the onshore yuan finished the domestic trading session at 7.1825 per dollar, the strongest close since Oct. 12.

☆ Some 349,000 still without power in Puerto Rico after Fiona
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Sept 28 (Reuters) - An estimated 349,000 homes and businesses were still without power in Puerto Rico on Wednesday after Hurricane Fiona hit on Sept. 18, causing an island-wide power outage for its 3.3 million people. After hitting Puerto Rico and the Dominican Republic, Hurricane Fiona turned north and slammed into eastern Canada on Sept. 24, leaving over a third of Nova Scotia without power. Register now for FREE unlimited access to Reuters.com RegisterFiona hit Puerto Rico about five years after Hurricane Maria knocked out all power on the island. At that time the now bankrupt Puerto Rico Electric Power Authority (PREPA) was still operating the grid. Puerto Rico is restoring power to homes more quickly in the wake of Hurricane Fiona than after Hurricane Maria five years ago, when it took months before the island fully recovered.

☆ Scotiabank names Thomson as chief executive officer
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterA person walks infant of a sign for The Bank of Nova Scotia, operating as Scotiabank, in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos OsorioSept 26 (Reuters) - Bank of Nova Scotia (BNS.TO) said on Monday it appointed Scott Thomson to succeed Chief Executive Officer Brian Porter, at a time when the Canadian banking sector is struggling with market turmoil and rising interest rates. Thomson, who has been a member of the board of Bank of Nova Scotia since 2016, will initially start as president from Dec. 1, overseeing Canadian banking, global banking and markets, global wealth management and international banking at the bank. Register now for FREE unlimited access to Reuters.com RegisterAt Finning, Thomson helped boost return on invested capital in all business units, particularly in Latin America. read moreLast month several brokerages aggressively downgraded the largest Canadian bank as profits at its international banking segment fell below estimates and risks rose from modest net interest margin expectations.

Hundreds of thousands of Canadians were without power Saturday after former hurricane Fiona slammed into the country’s Atlantic provinces, causing what officials called a shocking and devastating amount of damage. More than 471,000 customers across Nova Scotia, Prince Edward Island New Brunswick and Newfoundland were without power Saturday, according to utilities. “PEI (Prince Edward Island) has experienced storm damage like they’ve never seen. Fifteen deaths in Puerto Rico and two deaths in the Dominican Republic have been tied to the storm, officials there said. In Prince Edward Island, King, the premier, said Saturday that the damage is most likely the worst the province has ever seen.

☆ Damage to Canada from storm Fiona is 'unprecedented'
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +1 min

A fallen tree lies on a crushed pickup truck following the passing of Hurricane Fiona, later downgraded to a post-tropical storm, in Halifax, Nova Scotia, Canada September 24, 2022. REUTERS/Ted PritchardOTTAWA, Sept 25 (Reuters) - The breadth of the damage caused by the powerful storm Fiona that ravaged Canada's Atlantic coast on Saturday has never been seen before, and it will take months to rebuild the critical infrastructure that was destroyed, Canada's emergency preparedness minister Bill Blair said on Sunday. "The scale of what we're dealing with, I think it's unprecedented," Blair told Reuters in a telephone interview when asked how Fiona compared to Dorian, a storm that struck the region around Halifax, Nova Scotia, in 2019. "There is going to be what I believe will likely be several months work in restoring some of the critical infrastructure - buildings and homes, rooftops that have been blown off community centers and schools," he added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Steve Scherer; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Canada girds for long haul after historic storm Fiona ravages east coast
▼ + stars: | 2022-09-25 | by ( John Morris | ) www.reuters.com time to read: +4 min

Waves roll in near a damaged house built close to the shore as Hurricane Fiona, later downgraded to a post-tropical cyclone, passes the Atlantic settlement of Port aux Basques, Newfoundland and Labrador, Canada September 24, 2022. The historic storm slammed into eastern Canada with hurricane-force winds, forcing evacuations, uprooting trees and powerlines, and reducing many homes to "just a pile of rubble." read moreThe Canadian Hurricane Centre estimated that Fiona was the lowest pressured land falling storm on record in Canada. Several university students lined up for food outside convenience stores powered by generators due to the power outage caused by Fiona. "So this is exactly the kind of work that will accompany provincial authorities in the coming weeks and months," he added.

☆ Fiona Floods and Lashes Eastern Canada
▼ + stars: | 2022-09-24 | by ( Ginger Adams Otis | ) www.wsj.com time to read: 1 min

Fiona, no longer a hurricane but still a mighty storm, left a trail of devastation across eastern Canada on Saturday as it knocked down power lines, uprooted trees and flooded roads. Roughly half a million people in Atlantic Canada were without electricity as Fiona raged across Nova Scotia, Prince Edward Island and Newfoundland and Labrador.

☆ Canada braces for ‘extreme event’ as storm Fiona nears after leaving path of destruction
▼ + stars: | 2022-09-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +4 min

Residents of Nova Scotia and other parts of Canada were bracing for hurricane-force winds and a potential historic storm surge as Hurricane Fiona approached Friday. “It is going to be certainly a historic extreme event for Eastern Canada,” said Bob Robichaud, warning preparedness meteorologist with the Canadian Hurricane Centre, at a briefing Friday. At 9 p.m. Halifax time, the storm was “accelerating quickly” toward Nova Scotia, Canada’s hurricane center said. Damage in Nova Scotia was estimated at almost $102 million, the CBC reported. In 2003 Canada was hit by Hurricane Juan, a Category 2 storm at landfall that ripped through Nova Scotia.

☆ VIdeo: Houses in Canada dragged out to sea by Fiona
▼ + stars: | 2022-09-24 | by ( ) edition.cnn.com time to read: 1 min

Fiona touched down in Nova Scotia as a post-tropical cyclone with hurricane-strength winds that carried homes off their foundations and into the Atlantic. Source: CNN

Francis Bruhm, Project Manager for general contractor G&R Kelly, places sandbags around the doors of the Nova Scotia Power building before the arrival of Hurricane Fiona in Halifax, Nova Scotia, Canada September 23, 2022. It was due to make landfall in eastern Nova Scotia Saturday morning, but rain and wind had already started Friday night. Canadian authorities sent emergency alerts in Nova Scotia and Prince Edward Island, warning of severe flooding along shorelines and extremely dangerous waves. The storm could prove more ferocious than the benchmarks of Hurricane Juan in 2003 and Hurricane Dorian in 2019, Canadian Hurricane Centre meteorologist Bob Robichaud told a briefing. Trailing Fiona in the Caribbean is Tropical storm Ian, which is expected to become a hurricane on Sunday night.

Francis Bruhm, Project Manager for general contractor G&R Kelly, places sandbags around the doors of the Nova Scotia Power building before the arrival of Hurricane Fiona in Halifax, Nova Scotia, Canada September 23, 2022. REUTERS/Ingrid Bulmer/File PhotoHALIFAX, Nova Scotia, Sept 24 (Reuters) - Powerful storm Fiona slammed into eastern Canada on Saturday with hurricane-force winds, nearly a week after devastating parts of the Caribbean. The U.S. National Hurricane Center said the center of the storm, now called Post-Tropical Cyclone Fiona, was crossing eastern Nova Scotia, bringing high winds and heavy rains. Register now for FREE unlimited access to Reuters.com RegisterExperts predicted high winds, storm surges and heavy rainfall from Fiona. Canadian authorities sent emergency alerts in Nova Scotia and Prince Edward Island, warning of severe flooding along shorelines and extremely dangerous waves.

☆ Fiona bears down on northeast Canada as big, powerful storm
▼ + stars: | 2022-09-24 | by ( ) www.cnbc.com time to read: +6 min

A youth rides his bycicle at the seaside in Nagua, Dominican Republic, on September 19, 2022, as Hurricane Fiona passes through the country. Fiona, which started the day as Category 4 storm but weakened to Category 2 strength late Friday, was forecast to make landfall in Nova Scotia early Saturday. The Canadian Hurricane Centre issued a hurricane watch over extensive coastal expanses of Nova Scotia, Prince Edward Island and Newfoundland. The U.S. National Hurricane Center said Fiona should reach the area as a "large and powerful post-tropical cyclone with hurricane-force winds." It was centered about 140 miles (220 kilometers) southeast of Halifax, Nova Scotia, heading north at 46 mph (74 kph).

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