Business

Australian-based development and construction companies Southern Infrastructure Pty Ltd. and Kaizen ANZ Pty Ltd. are planning to build and operate a Thorium fueled reactor in the Philippines as alternative renewable sources of hydrogen and nuclear power via a public-private-partnership (PPP) agreement with the Philippine government,  according to the Department of …

BEIJING: Beneath the warm autumn sun, expansive mountains roll out with camel caravans and tourists extending for miles at the Yueya Spring scenic spot in the city of Dunhuang, northwest China’s Gansu province. According to statistics from the municipal department of culture and tourism, over the eight-day holiday that ended …

HONOLULU: The area around the Maui town largely destroyed by wildfire two months ago was scheduled to welcome back travelers on Sunday as the mayor and Hawaii’s governor pushed ahead to restart tourism to boost the economy despite opposition from some Lahaina residents. Five hotels in West Maui were accepting …

Economic data has been surprisingly resilient, but financial markets don’t believe the numbers. What messages and warnings are markets sending — and should we be heeding them?  Economic data has been resilient, but financial markets don’t believe the numbers. Financial markets are not the economy and the economy is not …

The United Auto Workers has decided not to expand its strikes against Detroit’s three automakers after General Motors made a concession on unionizing electric vehicle battery plants.  Factory in Arlington Texas was slated to walk off the job. The United Auto Workers union has decided not to expand its strikes …

After more than a year of high food inflation, families gathering this weekend to gobble Thanksgiving dinner may be feeling the pinch after their grocery shopping. Amid year of high prices for food, many holiday staples are much more expensive this year. After more than a year of high food …

The five largest grocery chains have delivered plans to stabilize food prices to the federal government, Industry Minister François-Philippe Champagne said Thursday. In August, food prices increased 6.9 per cent over last year, while the overall inflation rate hit 4 per cent. The five largest grocery chains have delivered plans …

Canada Mortgage and Housing Corp. says construction of new homes increased slightly across several of Canada’s major cities in the first half of 2023, as the pace of apartment starts helped offset declines in other dwelling types. Pace of new home construction is down 25% so far in 2023, despite …

Philippine stocks sank by more than 100 points Thursday after the Philippine Statistics Authority (PSA) reported that inflation rate picked up to a four-month high in September. The 30-company Philippine Stock Exchange index fell by 119.60 points, or 1.9 percent, to close at 6,178.60, while the broader all-shares index declined …

Canada's economy added 64,000 new workers as a surge in hiring in Quebec and B.C. was enough to offset a loss of 38,000 jobs in Alberta. Economists had been expecting about 25,000 new jobs Canada's economy added 64,000 new workers as a surge in hiring in Quebec and B.C. was …