By Fergal Smith and Steve Scherer TORONTO (Reuters) – The Bank of Canada’s move to come off the sidelines after a five-month pause has sent a signal that some economic pain will be needed to tame stubborn inflation, leading investors to raise bets on a hard landing for the economy. The central bank is worried…
(Reuters) -Pot producer Canopy Growth said on Thursday it has completed the sale of its facility in Modesto, California as part of its divestitures to raise funding amid liquidity concerns. The sale, the fifth such deal since April 1, is part of Canopy’s ongoing efforts to improve liquidity by reining in costs through layoffs, exits…
(Reuters) -Pot producer Canopy Growth said on Thursday it has completed the sale of its facility in Modesto, California as part of its divestitures to raise funding amid liquidity concerns. The sale, the fifth such deal since April 1, is part of Canopy’s ongoing efforts to improve liquidity by reining in costs through layoffs, exits…
(Reuters) – Social media company Snap Inc said on Thursday its subscription service, Snapchat+, hit 4 million members since its launch last year in June. Snapchat+ gives subscribers access to exclusive and pre-release features, and costs $3.99 a month. The company said paid users got a first look at new offerings such as Snapchat for…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday vowed to clean up cases of fraud and corruption at Segalmex, a government organization aimed at promoting food self-sufficiency in the agricultural sector. Segalmex, created by Lopez Obrador, has been the target of multiple corruption accusations, with several former employees arrested by the…
By Foo Yun Chee BRUSSELS (Reuters) -Apple will on Friday seek to fend off a revised EU antitrust charge and possible hefty fine linked to claims it prevents music streaming companies such as Spotify from informing users of other buying options outside its App Store. The iPhone maker will set out its arguments to senior…
By Richard Cowan and Moira Warburton WASHINGTON (Reuters) – U.S. congressional Democrats are trying to force votes on abortion and gun control bills, which have slim chances of success this year, but could resonate with voters in districts represented by moderate Republicans they hope to oust in the 2024 elections. With only a 51-49 Democratic…
(Reuters) – Russian clinics will soon be staffed with sexologists to help patients “overcome” homosexuality and various sexual “mental disorders”, a health ministry order said, in the latest Kremlin attack on what it calls “non-traditional lifestyles.” The order, which takes effect on July 1, comes amid a clampdown on LGBT rights, which President Vladimir Putin…
LONDON (Reuters) – Microsoft’s appeal against Britain’s veto of its $69 billion deal to buy Activision Blizzard will go ahead as planned at the end of July after the Competition Appeal Tribunal (CAT) rejected the antitrust regulator’s request for a delay. The Competition and Markets Authority, which blocked the takeover in April, wanted the hearing…
(Reuters) – The number of German firms pushed into insolvency rose in the first half of this year at the fastest pace in more than two decades due to the energy crisis, inflation and rising interest rates, a study by credit agency Creditreform showed on Thursday. There were 8,400 corporate insolvencies in Germany from January…
