MEXICO CITY (Reuters) – Mexico’s government and railroad company Canadian Pacific Kansas City (CPKC) have formalized an agreement to study the viability of a passenger rail line from Mexico City to the city of Queretaro, some 140 miles (220 km) north-west from the capital. “An agreement was signed 15, 20 days ago where the business…
(Reuters) – The U.S. Food and Drug Administration said on Wednesday it is reviewing concerns raised by Senate Majority Leader Chuck Schumer against a popular influencer-created energy drink. Schumer said earlier this month that PRIME, a beverage brand started last year by YouTube stars Logan Paul and KSI, should be investigated due to the high…
(Reuters) – J.P.Morgan and Goldman Sachs said on Wednesday they now expect the Bank of Canada (BoC) to deliver one last 25-basis point rate hike in October and lifted their terminal rate forecast to 5.25%. The revised forecast came after the BoC hiked its key overnight rate by a quarter of a percentage point on…
By James Pomfret and Jessie Pang (Reuters) -For Anna Kwok, a Washington-based Hong Kong activist, the imposition of a Hong Kong police bounty for her arrest has underscored the urgency of her bid for political asylum at a time of growing tensions between the United States and China. The Hong Kong native, who left the…
By James Pearson LONDON (Reuters) -Hackers suspected of working for Russia’s foreign intelligence agency targeted dozens of diplomats at embassies in Ukraine with a fake used car advert in a bid to break into their computers, according to a cybersecurity firm report published on Wednesday. The wide-reaching espionage activity targeted diplomats working in at least…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar crashed to its lowest in more than a year on Wednesday after data showed the rise in U.S. consumer prices moderated in June, suggesting the Federal Reserve may have to raise interest rates only one more time this year. The dollar index dropped to as low…
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Bank of Canada on Wednesday hiked its key overnight rate by a quarter of a percentage point to a 22-year high of 5.0%, and said it could raise rates further because of the risk of inflation stalling above its 2% target. The move to increase borrowing…
(Reuters) – Canadian ecommerce firm Shopify said on Wednesday it would soon launch an artificial intelligence assistant for merchants on its platform, the latest technology company to roll out such a feature. The assistant called “Sidekick” would be embedded as a button on Shopify and answer merchant queries, including details about sales trends, CEO Tobi…
By John Irish and Niklas Pollard VILNIUS (Reuters) – G7 countries on Wednesday unveiled an international framework for the long-term security of Ukraine to boost its defences against Russia and deter Moscow from future aggression, officials said. Ukrainian President Volodymyr Zelenskiy was meeting leaders of NATO at a summit of the 31-member Western alliance, a…
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in April, as excess demand continues feed underlying inflation, which is coming down more slowly than had been previously estimated. In its quarterly Monetary Policy Report, the BoC said inflation would…
