Business

BAILOUT In this photo taken on May 6, 2018, a Sri Lankan worker sorts plastic at Kathirana, on the outskirts of Sri Lanka’s capital Colombo. The Asian Development Bank on Monday released a loan worth $3450 million to help stabilize the economy of the cash-strapped South Asian nation. AFP PHOTO …

WAVERING A person looks at an electronic stock board showing Japan’s Nikkei 225 and New York Dow indexes at a securities firm in the rain on Monday, May 29, 2023, in Tokyo. Shares in Asia and Europe were mixed in as the decision on raising the US debt ceiling in …

WELCOME NEWS A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in the rain on Monday, May 29, 2023, in Tokyo. Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on …

Businesses in Hay River, N.W.T. have varying degrees of optimism about the future after a wildfire forced residents out of the town for nearly two weeks. One local restaurant fears the government’s financial support program isn’t going to be enough.  Vietnamese restaurant hoping small businesses will get more relief. As …

PAY CUT In a file picture taken on Feb. 6, 2009, a man walks past the company logo of Temasek Holdings in Singapore. Singapore state investment fund Temasek said on Monday, May 29, 2023, it had slashed compensation for the team and senior management responsible for its investment in collapsed …

Canadian fans and broadcast rights holders would prefer to see some big names in the Stanley Cup final. But a matchup of two emerging-market teams can grow the game — and eventually the salary cap.  How growing the game of hockey can boost the salary cap and help your favourite …

The federal government is looking to update Canada’s competition laws — possibly their most significant review in decades.  Current laws ‘lagging behind our international peers,’ head of Competition Bureau says. Whether checking in at the airport or checking out at the grocery store, it seems everywhere you turn these days, …

EMBRACING CRYPTO This photo taken on Saturday, May 27, 2023, shows customers in a cryptocurrency exchange office in Hong Kong. Retail investors in Hong Kong may soon be able to buy popular cryptocurrencies like bitcoin at government-licensed exchanges, thanks to new rules meant to bolster the city’s standing as a …

DOWNWARD TREND People enjoy sunshine in Kaivopuisto of Helsinki, Finland, on March 16, 2022. Housing prices in Finland are expected to have the biggest drop this year since 1993, a Finnish credit institution specializing in this sector said on Friday, May 26, 2023. XINHUA PHOTO HELSINKI: Housing prices in Finland …

Neuralink says it’s gotten permission from U.S. regulators to begin testing its brain implant device in people. The company made the announcement on Twitter Thursday evening but has provided no details about a potential study, which was not listed on the U.S. government database of clinical trials.  Brain implant company …