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Canadians seeking long-term mortgages may feel the impact as the influential Federal Reserve holds off on another rate hike. But any break will likely be short-lived as the Fed committee suggests another half-point hike will be needed to get inflation under control.  Good news and bad news for Canadians, too, …

The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signaled that it may raise rates twice more this year, beginning as soon as next month.  No hike for now, but expect …

Former British prime minister Boris Johnson deliberately misled Parliament about the lockdown-flouting parties that undermined his credibility and contributed to his downfall, a committee of lawmakers said Thursday after a year-long investigation.  Johnson quit as an MP last week, making the 90-day suspension academic. Former British prime minister Boris Johnson …

This Day In Weather History is a daily podcast by Chris Mei from The Weather Network, featuring stories about people, communities and events and how weather impacted them.  On Tuesday, June 14, 1892, Canada’s ninth deadliest tornado hit Sainte-Rose, Quebec. A total of six people died, and an additional 26 …

WASHINGTON, D.C.: US Treasury Secretary Janet Yellen said on Tuesday that international financial institutions like the International Monetary Fund (IMF) and World Bank “reflect American values” and serve as key counterweights to “unsustainable lending from others like China.” Speaking before the House Financial Services Committee, she sought congressional support for …

OVER the past few months, a common theme among institutions concerned with combating climate change is that there must be a substantial increase in private sector investment in climate adaptation and mitigation. Public sector resources coursed through various institutions such as the UN-managed climate funds, the World Bank, the Asian …

At a Glance The World Bank approves the $750 million Philippines First Sustainable Development Policy loan. According to the World Bank, the new financing supports ongoing government reforms to attract private investment in renewable energy, enhance plastic waste management through reduction, recovery, and recycling, as well as promote green transport. …

Foreign doctors may soon be allowed to practice locally for a limited period amid a push for the Department of Health to give the greenlight as it would benefit the country not only with the exchange of ideas, but also on the transfer of technology. In response, Health Secretary Teodoro …

THE plane carrying President Ferdinand Marcos Jr. and his party encountered technical problems, forcing a return to Villamor Airbase in Pasay City where they boarded another plane, Malacañang said on Wednesday. The President flew to South Cotabato to attend the launch of the South Cotabato Consolidated Rice Production and Mechanization …

President Ferdinand “Bongbong” Marcos Jr. is hopeful that the Philippines will soon be at par with its neighbor countries Thailand and Vietnam in terms of rice production. (RTVM Screenshot) Speaking before residents of South Cotabato on Wednesday, June 14, Marcos expressed optimism that with the ongoing efforts to create an …