VILNIUS (Reuters) – G7 countries announced on Wednesday an international framework that paves the way for long-term security assurances for Ukraine to boost its defences against Russia and deter Moscow from future aggression. In a joint declaration, which other nations can join, the United States, Germany, Japan, France, Canada, Italy and Britain, as well as…
(Reuters) – A bargaining agreement will soon be within reach to end a dispute between striking Canadian dock workers and their employers, Labour Minister Seamus O’Regan said on Tuesday. About 7,500 port workers have been on strike since July 1 to press for higher wages, disrupting operations at the key ports of Vancouver and Prince…
(Reuters) -Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold more funds to better manage risks from a sharp rise in home loan rates. Variable home loan rates have risen as the country’s central bank has hiked benchmark interest rate to a 22-year high…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar declined to a two-month low against a major currency index on Tuesday after Federal Reserve officials signaled that the U.S. central bank is near the end of its tightening cycle, while sterling hit a 15-month high after pay growth exceeded expectations. Against the yen, the dollar…
By Steve Holland and Justyna Pawlak VILNIUS (Reuters) -U.S. President Joe Biden’s administration will move ahead with the transfer of F-16 fighter jets to Turkey in consultation with Congress, national security adviser Jake Sullivan said on Tuesday, a day after Ankara gave the green light for Sweden to join NATO. Turkey, which had been the…
VILNIUS (Reuters) – The 31-member NATO alliance gathered in the Lithuanian capital Vilnius on July 11-12. Below is the agreed language regarding Ukraine and its future pathway to NATO membership. We reaffirm our unwavering solidarity with the government and people of Ukraine in the heroic defence of their nation, their land, and our shared values….
VILNIUS (Reuters) – NATO leaders have reached agreement over how to define their future relationship with Ukraine, including its membership bid, four diplomats said on Tuesday. One of the diplomats said the final wording on the declaration regarding Ukraine’s future membership read that NATO “will be in a position to extend an invitation to join…
By Ludwig Burger FRANKFURT (Reuters) – China’s planned export controls on gallium have caused frantic stockpiling of speciality semiconductor wafers made from the metal, according to the world’s largest gallium buyer. Freiberger Compound Materials relies almost entirely on Chinese suppliers for its gallium needs to make wafers that go into mobile phone radio signal amplifiers…
(Reuters) – Canadian discount store chain Dollarama said on Monday its chief financial officer, J.P. Towner, would step down in the coming months to pursue another career opportunity. He became Dollarama’s finance head in March 2021, succeeding Michael Ross who stepped down after more than a decade with the company. Prior to taking up the…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to a three-week low on Monday after comments by Federal Reserve officials reinforced market expectations that the U.S. central bank is near the end of its tightening cycle. The Fed, however, is widely expected to raise interest rates by another 25 basis points this month…