Business

July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday.  Pace of sales picking up after bottoming out, realtor group says. July home sales saw the largest year-over-year increase in more than two years, …

Ottawa’s corporate ethics watchdog has announced an investigation into fashion company Ralph Lauren over the alleged use of forced labour in its supply chains.  Watchdog also has asked Toronto-based mining company GobiMin to improve its policies. Ottawa’s corporate-ethics watchdog has announced an investigation into fashion company Ralph Lauren over the …

BEIJING: China said it would stop publishing data on its rising youth unemployment rate on Tuesday, as it released a raft of disappointing figures that stoked concerns over the state of the world’s second-largest economy. Shortly before the latest uninspiring indicators were published, the central bank cut a key interest …

TOKYO: Japan’s economy grew 1.5 percent in the three months to June, official data showed on Tuesday, beating expectations on the back of strong exports. The average forecast for quarter-on-quarter growth in the world’s third-largest economy had been 0.8 percent, according to Bloomberg News. The data, released by the Cabinet …

The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports.  Russian currency slumps to lowest level in 17 months. The Russian ruble on Monday reached its lowest value since …

Despite signs the meatless burger industry is losing steam, writers, chefs and industry experts say there is hope consumers will continue exploring more plant-based options. Writer and cook Alicia Kennedy says meatless burgers were only ever a distraction.  Writer and cook Alicia Kennedy says ‘tech burgers’ were only ever a …

BEIJING: Shares in Chinese property giant Country Garden plunged on Monday after it missed bond payments and warned of multibillion-dollar losses, deepening concerns over the nation’s heavily indebted real estate sector. SHARP DROP This photo taken on June 15, 2023 shows the headquarters of China’s developer Country Garden Holdings in …

TEHRAN: Iran’s chief banker said on Saturday that the Republic of Korea (ROK) has released all Iranian funds frozen in its banks. Governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin made the remarks in a post on X, previously known as Twitter, elaborating on the unfreezing process …

NEW YORK: Commercial airlines have faced a tricky balancing act this summer, ramping up service to meet torrid travel demand in a period of labor shortages and supply chain constraints. Adding to the challenges: new inspections needed on a class of Airbus planes that may suffer from microscopic “contamination” of …

WAD MADANI, Sudan: Sudan’s war has left university lecturer Ali Seif without pay for months. To make ends meet, he has turned to making soap in his room at a makeshift displacement camp. Out of work as fighting rages between the forces of rival generals, many Sudanese have been forced …