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Search resuls for: "Paul VI"


22 mentions found


☆ Canada Pushes Canadian Content, Irking Big Tech
  + stars: | 2022-12-02 | by ( Paul Vieira In Ottawa | Vipal Monga In Toronto | Paul Vieira | ) www.wsj.com   time to read: 1 min
Facebook owner Meta Platforms is one of the companies that would be affected by the proposal in Canada. Google parent Alphabet Inc., Facebook owner Meta Platforms Inc. and Bytedance Ltd., TikTok’s owner, are pushing back against a proposal in Canada that would force digital platforms to more prominently feature Canadian content and compensate news outlets. The new rules, championed by Canadian Prime Minister Justin Trudeau , would require reworking existing algorithms so that if a person in Canada searched on YouTube, the results would display videos mostly from Canadian artists ahead of foreign or U.S.-made content.
☆ S&P 500 Slips With Chinese Protests, Powell Speech in Focus
  + stars: | 2022-11-29 | by ( Anna Hirtenstein | Paul Vigna | ) www.wsj.com   time to read: 1 min
U.S. stocks closed mostly lower Tuesday as investors eyed protests in China and pondered what Federal Reserve Chairman Jerome Powell might say in a coming speech. The S&P 500 slipped 6.31 points, or 0.2%, to 3957.63 and the Nasdaq Composite lost 65.72 points, or 0.6%, to 10983.78. The Dow Jones Industrial Average added 3.07 points, or 0.01%, to 33852.53.
☆ Canada’s Justin Trudeau Defends Use of Emergency Powers Against ‘Freedom Convoy’ Protesters
  + stars: | 2022-11-25 | by ( Paul Vieira | ) www.wsj.com   time to read: 1 min
Prime Minister Justin Trudeau, in Parliament Thursday, said he had grown impatient with local police’s inability to end the Ottawa protests. OTTAWA—Canadian Prime Minister Justin Trudeau said at a judicial inquiry Friday that he invoked extraordinary powers to end a weekslong protest earlier this year over Covid-19 mandates because local police lost control of the demonstration and key U.S.-Canada trade routes needed to remain open. The prime minister testified at the end of a 31-day inquiry that seeks to determine whether the Canadian leader was justified in invoking emergency powers last February to end the demonstrations. Canada’s emergency-power legislation automatically triggers an independent inquiry following the use of such powers.
☆ Stocks Finish Mixed in Shortened Trading Day
  + stars: | 2022-11-25 | by ( Chelsey Dulaney | Paul Vigna | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-update-11-25-2022-11669376405
☆ Stocks Close Lower as Covid-19 Cases Rise in China
  + stars: | 2022-11-21 | by ( Caitlin Ostroff | Paul Vigna | ) www.wsj.com   time to read: 1 min
U.S. stocks fell Monday as investors worried about a rise in Covid-19 infections overseas and the state of the economy at home heading into the key holiday season. The Dow Jones Industrial Average slipped 45.41 points, or 0.1%, to 33700.28, while the S&P 500 dropped 15.40 points, or 0.4%, to 3949.94. The Nasdaq Composite lost 121.55 points, or 1.1%, to 11024.51.
☆ Who’s Who in the FTX Mess
  + stars: | 2022-11-17 | by ( Paul Vigna | ) www.wsj.com   time to read: 1 min
The collapse of FTX has shaken the crypto world. To help you keep it all straight, here’s a quick list of the main people and companies involved. The PeopleSam Bankman-Fried: The 30-year-old co-founder of FTX and related companies. He was also a regular fixture in Washington, talking to lawmakers about regulation for the crypto industry. He resigned from FTX when it filed for bankruptcy on Nov. 11.
☆ China’s Xi Jinping Chides Justin Trudeau at G-20, Video Shows
  + stars: | 2022-11-16 | by ( James T. Areddy | Paul Vieira | ) www.wsj.com   time to read: +5 min
That’s not appropriate,” a visibly agitated Mr. Xi told Mr. Trudeau on the G-20 sidelines as the Bali summit was closing, according to a video posted on Twitter by a reporter for Canadian broadcaster CTV. In their encounter on Wednesday, the Canadian prime minister emphasized the importance of transparency and expressed a desire to work constructively despite disagreements. At this year’s G-20 meeting, Mr. Xi didn’t hold formal talks with Mr. Trudeau as he did with President Biden and the leaders of France and Australia, among others. Quoting an unnamed person, the Global Times said Mr. Xi told Mr. Trudeau that the key requirement for China-Canada relations is finding a common ground while managing differences. Speaking to reporters before departing Indonesia, Mr. Trudeau on Wednesday said he had defended Canada’s interests in his conversations with Mr. Xi.
☆ Bitcoin-Mining Machines: For Sale on Deep Discount
  + stars: | 2022-11-05 | by ( Paul Vigna | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/bitcoin-mining-machines-for-sale-on-deep-discount-11667650411
☆ Coinbase Posts Third Consecutive Losing Quarter Amid Crypto Rout
  + stars: | 2022-11-03 | by ( Paul Vigna | ) www.wsj.com   time to read: 1 min
Coinbase Global Inc. posted a loss of $2.43 per diluted share in the third quarter, compared with earnings of $1.62 a share a year ago, as its main revenue driver—crypto trading—remains depressed in the wake of the market’s crash. The second-largest crypto exchange lost $545 million—its third unprofitable quarter in a row—on total sales of $590 million in the quarter, down from a profit of $406 million on $1.3 billion of total sales the same quarter last year.
☆ Crypto Exchange Coinbase Posts Third Consecutive Loss
  + stars: | 2022-11-03 | by ( Paul Vigna | ) www.wsj.com   time to read: 1 min
Coinbase Global Inc. posted a loss of $2.43 per diluted share in the third quarter, compared with earnings of $1.62 a share a year ago, as its main revenue driver—crypto trading—continues to remain depressed in the wake of the market’s crash. The largest U.S. crypto exchange lost $545 million on total sales of $590 million in the quarter, down from a profit of $406 million on $1.3 billion of total sales the same quarter last year.
☆ U.S.-Canada Border Frequent Traveler Program Sparks Diplomatic Rift
  + stars: | 2022-11-01 | by ( Paul Vieira | ) www.wsj.com   time to read: 1 min
OTTAWA—A disagreement between the U.S. and Canada over border security, which has simmered for months behind the scenes, has escalated into a public diplomatic spat that is disrupting plans for business travelers who frequently cross the border. The snarl revolves around the U.S.-Canada trusted-traveler program, called Nexus, that expedites entry of previously screened passengers into either country. Nexus centers in Canada haven’t reopened since they were closed at the start of the pandemic, because the U.S.—which has long wanted more legal protection for American border agents working at Canadian centers—hasn’t sent its agents back.
☆ Bank of Canada Surprises With Half-Point Interest-Rate Rise to 3.75%
  + stars: | 2022-10-26 | by ( Paul Vieira | ) www.wsj.com   time to read: 1 min
OTTAWA—The Bank of Canada raised its main interest rate on Wednesday at a lighter-than-expected pace, as the central bank said it expected close to zero growth starting late this year and through the first half of 2023 owing to lower household and business spending. Canada’s central bank increased its target for the overnight rate by a half-percentage point from 3.25% to 3.75%, the highest level in roughly 14 years. Three-quarters of economists surveyed last week by The Wall Street Journal expected the Bank of Canada to deliver a second straight 0.75-percentage-point rate increase, citing elevated inflation and remarks from Gov. Tiff Macklem that signaled no end to the central bank’s aggressive tightening campaign.
☆ Facebook Says It Is Prepared to Block News Content in Canada
  + stars: | 2022-10-22 | by ( Paul Vieira | ) www.wsj.com   time to read: 1 min
OTTAWA— Facebook owner Meta Platforms Inc. has warned Canada it is prepared to block the sharing of Canadian news content—like it did in Australia last year—unless the Liberal government amends legislation that would compel big digital companies to compensate domestic media outlets. The legislation is under review by a parliamentary committee, and lawmakers voted this week to stop hearing further testimony from witnesses. Facebook said it wasn’t given an opportunity to testify, so late Friday it issued a statement outlining the company’s concerns with Canada’s proposed rules—and a warning.
☆ Vatican confirms renewal of contested accord with China on bishops' appointments
  + stars: | 2022-10-22 | by ( Philip Pullella | ) www.reuters.com   time to read: +4 min
VATICAN CITY, Oct 22 (Reuters) - The Vatican on Saturday said that it and China had renewed a secret and contested agreement on the appointment of Roman Catholic bishops in the communist country. The deal was a bid to ease a longstanding divide across mainland China between an underground flock loyal to the pope and a state-backed official church. The Vatican-China deal centres on cooperation over the appointment of bishops, giving the pope the final and decisive say. They also point to increasing restrictions on religious freedoms in China for Christians and other minorities. Last month, the Vatican tried to arrange a meeting between Xi, 69, and the pope, 85, while both leaders were in Kazakhstan, but China declined.
☆ Hockey Canada Leaders Step Down in Wake of Sexual-Assault Settlement
  + stars: | 2022-10-11 | by ( Paul Vieira | ) www.wsj.com   time to read: 1 min
Scott Smith, who stepped down as CEO of Hockey Canada, in Ottawa this summer. OTTAWA—The chief executive and the board of directors at Canada’s governing body for hockey stepped down Tuesday, after some of Canada’s biggest corporations severed financial relationships with the organization in response to its handling of sexual assault allegations. Hockey Canada said the resignations are in recognition of “the urgent need for new leadership and perspectives.” The organization will hold votes for members to elect a new board no later than mid-December.
☆ SK Capital Buys Generic-Drug Firm Founded by Murdered Canadian Billionaire
  + stars: | 2022-09-29 | by ( Paul Vieira | ) www.wsj.com   time to read: 1 min
Barry Sherman, the late founder of generic-drug maker Apotex Pharmaceutical Holdings who was murdered along with his wife in 2017. OTTAWA—A New York private-equity firm has purchased Apotex Pharmaceutical Holdings Inc., the Canadian generic-drug maker founded by billionaire Barry Sherman , who was murdered along with his wife at his Toronto home and whose deaths are the subject of a nearly five-year investigation. SK Capital, which focuses on investments in the pharmaceutical and chemical sectors, said in a statement it agreed to acquire the closely held Toronto-based company. SK Capital said the transaction was subject to regulatory approval. Representatives for SK Capital and Apotex didn’t respond to requests for further comment.
☆ Ether Cryptocurrency Falls After ‘Merge’ Software Upgrade
  + stars: | 2022-09-27 | by ( Paul Vigna | ) www.wsj.com   time to read: 1 min
The price of the cryptocurrency ether has fallen 19% over the past two weeks as Ethereum miners sell their holdings in the wake of a much-hyped software upgrade dubbed “the merge.”On Tuesday evening, ether’s price was $1,324, a decline of less than 0.1% from Monday.
☆ Canada Repeals Covid-19 Border Restrictions
  + stars: | 2022-09-26 | by ( Paul Vieira | ) www.wsj.com   time to read: 1 min
Travelers at the Toronto airport; far fewer Americans are visiting Canada than before the pandemic struck. OTTAWA—Canada will scrap its remaining Covid-19 border restrictions on Oct. 1, bringing an end to pandemic policies that have dramatically slowed cross-border traffic between Canada and the U.S.Canada will no longer bar people that haven’t been fully vaccinated for Covid-19 from entering the country. It also stopped a requirement that travelers upload proof of vaccination and other information into a government app called ArriveCan. Business owners, politicians and border agents said that preclearance method was clunky, error-ridden and dissuaded travelers from entering Canada. Wearing masks on flights and trains will also be optional.
☆ CEO of Crypto Exchange Kraken Steps Down
  + stars: | 2022-09-21 | by ( Paul Vigna | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ceo-of-crypto-exchange-kraken-steps-down-11663778989
☆ Binance and FTX Make Top Bids for Bankrupt Lender Voyager
  + stars: | 2022-09-21 | by ( Paul Vigna | ) www.wsj.com   time to read: 1 min
Crypto exchanges FTX and Binance have made the leading bids for the assets of bankrupt crypto-lender Voyager Digital according to people familiar with the matter, but neither bid has been accepted yet. The current bid from Binance is about $50 million, slightly higher than the competing bid from FTX, according to the people.
☆ S&P 500 Breaks Five-Day Losing Streak
  + stars: | 2022-08-12 | by ( Caitlin Mccabe | Paul Vigna | ) www.wsj.com   time to read: 1 min
U.S. stocks rose, with the S&P 500 regaining some ground after five consecutive sessions of losses triggered by worries about how severe an economic downturn might be. The S&P 500 advanced 29.59 points, or 0.8%, to 3963.51 on Thursday. The Dow Jones Industrial Average gained 183.56 points, or 0.5%, to 33781.48. The Nasdaq Composite added 123.45 points, or 1.1%, to 11082.00.
☆ Stocks Close Higher as Midterm Voting Begins
  + stars: | 2022-08-11 | by ( Will Horner | Paul Vigna | ) www.wsj.com   time to read: 1 min
U.S. stock indexes finished ahead on Tuesday as investors awaited the outcome of midterm elections, which are expected to result in a divided government. Stocks rallied in the morning before the S&P 500 and the Nasdaq Composite briefly fell into the red in afternoon trading. They rallied again before market close, though they pared their earlier gains. The S&P rose 21.31 points, or 0.6%, to 3828.11. The Nasdaq Composite added 51.68 points, or 0.5%, to 10616.20.
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