Breadcrumb Trail Links News Output from goods-producing industries in Ontario drops at steepest rate since the pandemic Published Nov 19, 2024 • Last updated 21 minutes ago • 4 minute read You can save this article by registering for free here. Or sign-in if you have an account. Manufacturing slumped in Ontario in 2024. Photo by JEFF KOWALSKY/AFP/Getty Images Article content Canada’s industrial heartland has had a tough year. A new
(Reuters) – Ratings agency S&P revised South Africa’s outlook to “positive” from “stable” on Friday, citing plans for accelerated economic reforms by the new government of national unity and a pickup in private investments. The coalition government, formed in June after the African National Congress lost its parliamentary majority for the first time in 30 years, boosted business confidence. S&P also stated that since the formation of the government, debt
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. (photo by Mike Kemp/In Pictures via Getty Images) Mike Kemp |
Chancellor Rachel Reeves is planning what she calls the “biggest pension reform in decades” in an attempt to boost economic growth. The government wants to merge the UK’s 86 council pension schemes into a handful of “pension megafunds”. It is hoped the changes will lead to billions of pounds being invested in the UK in areas such as energy infrastructure, tech start-ups and public services. Reeves told the BBC that
A view of Rocket Lab’s HASTE suborbital launch vehicle. Rocket Lab Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago, and above Wall Street’s expectation of $102 million, according to analysts surveyed by
The UK’s unemployment rate has risen, official figures suggest, while pay growth continues to slow. The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter. However, the Office for National Statistics (ONS) urged caution over giving too much weight to its latest jobs figures due to issues with how it gathers the data. While wage growth has eased, pay is still
General view of the City of London skyline, the capital’s financial district, in October. Sopa Images | Lightrocket | Getty Images LONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand. The IMF now sees 1.1% growth for the U.K. economy this year, up from a July forecast of 0.7%. The agency
RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia’s finance minister said, expressing particular concern over lower income countries as well as what he described as rapidly growing global fragmentation. “I think globally, the serious, serious issue that we need to watch is sovereign debt issues, particularly in low-income countries and emerging economies that do not have the fiscal buffers to lean into
Investing.com — Expedia Inc (NASDAQ:)’s mixed Q3 results and guidance released Thursday point to ongoing tepid growth that will keep a lid on its earnings power in 2025, analysts at Deutsche Bank said in a Friday note. While Expedia’s is likely to make a “modest improvement” in bookings and revenue growth and margin leverage in 2025, it likely be insufficient to ensure its multiple continue to move higher into 2025, the
