Business

A vendor sells livestock at a market in Shenyang in northeastern China’s Liaoning province on January 12, 2024./AFP  BEIJING, China — Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country’s myriad economic woes. The …

People use their phones next to a display showing the stock numbers on the Hang Seng Index in Hong Kong on April 27, 2022. (Dale dela Rey/AFP)  HONG KONG, China — Asian markets on Friday tracked a record-breaking day in New York and Europe as traders grew increasingly optimistic about …

People spend time on the waterfront of Victoria Harbour in Hong Kong on May 31, 2020. (AFP / Isaac Lawrence)  HONG KONG, China — As Hong Kong fast-tracks a new national security law, the legislation and questions about its implementation have raised fears among the business community. The draft bill, …

The Bank of Canada left interest rates unchanged this week, at least in part because it doesn’t want to add fuel to a real estate market that’s already heating up.  As housing market heats up, central bank leaves interest rates unchanged at 5%. The Bank of Canada is trying to …

A former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China, the U.S. Justice Department said Wednesday.  Chinese national Linwei Ding arrested in California on 4 counts of federal trade secret theft. A former software …

The Bank of Canada has held its key interest rate at five per cent again, as economists had expected. The Bank of Canada has held its key interest rate at five per cent again, as economists had expected. ABOUT THE AUTHOR Jenna Benchetrit Journalist Jenna Benchetrit is a senior writer …

The Canada Infrastructure Bank has signed a $100-million deal with the First Nations Bank of Canada to help Indigenous communities borrow money to build infrastructure.  Canada Infrastructure Bank signs $100M agreement with First Nations Bank of Canada. Today, the Canada Infrastructure Bank (CIB) and the First Nations Bank of Canada …

Meta Platforms-owned Facebook and Instagram were down for hundreds of thousands of users across the globe on Tuesday, according to outage tracking website Downdetector.com.  Disruptions started at about 10 a.m. ET. Meta Platforms said it resolved issues with Facebook and Instagram on Tuesday afternoon following a global outage that hit …

Canada’s financial intelligence agency says it has been hit by a cyberattack.  Agency takes corporate systems offline to protect data. Canada’s financial intelligence agency says it has been hit by a cyberattack. The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) says it has taken its corporate systems offline …

Consumers in Ontario and B.C. increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. Financially stressed homeowners in those provinces are also increasingly missing credit payments, the agency said, a trend primarily driven by homeowners who are 36 and younger.  Rates rising …