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Bank of England hikes interest rates but resists bolder move

Bank of England hikes interest rates but resists bolder move

LONDON (AP) — The Bank of England raised interest rates by a quarter-percentage point Thursday, shrugging off pressure for a bolder move to combat price increases that have pushed inflation to a 40-year high .
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Statistics Canada says wholesale sales down 0.5 per cent in April to $79.8 billion

Statistics Canada says wholesale sales down 0.5 per cent in April to $79.8 billion

OTTAWA — Statistics Canada says wholesale sales fell 0.5 per cent in April to $79.8 billion as the miscellaneous goods and the building materials and supplies subsectors posted the largest declines.
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Mo'Nique, Netflix reportedly settle her suit alleging bias

Mo'Nique, Netflix reportedly settle her suit alleging bias

LOS ANGELES (AP) — Mo'Nique and Netflix reportedly have settled her lawsuit that accused the streaming service of racial and sexual discrimination for allegedly making her a lowball offer for a proposed comedy special.
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Pakistani govt chided for 'Drink less tea, save money' plea

Pakistani govt chided for 'Drink less tea, save money' plea

ISLAMABAD (AP) — A minister in Pakistan's newly elected government faced criticism Wednesday following his plea to the nation to drink less tea to help save on imports amid a deepening economic crisis.
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Asian shares gain after Fed assurance on rates lifts Wall St

Asian shares gain after Fed assurance on rates lifts Wall St

TOKYO (AP) — Asian shares advanced Thursday after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation.
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Wealthsimple laying off 13 per cent of staff amid 'immense volatility'

Wealthsimple laying off 13 per cent of staff amid 'immense volatility'

TORONTO — Wealthsimple is laying off 13 per cent of its workforce as the financial services company joins the slew of global technology businesses facing market "immense volatility.
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Canadian National Railway says it has received 72-hour strike notice from IBEW union

Canadian National Railway says it has received 72-hour strike notice from IBEW union

MONTREAL — Canadian National Railway Co. says it has been given 72-hour strike notice by the International Brotherhood of Electrical Workers. CN says the union represents about 750 of its signals and communications employees across the country.
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FAA says future planes will need to reduce carbon emissions

FAA says future planes will need to reduce carbon emissions

WASHINGTON (AP) — The Biden administration proposed Wednesday that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators.
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Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan

Glass Lewis says majority of Shopify shareholders opposed 'founder share' plan

OTTAWA — Investor advisory firm Glass Lewis & Co. says Shopify Inc.’s plan to augment founder Tobi Lütke's power in the e-commerce company only passed because of the support from an early company investor and director.
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Fed attacks inflation with its largest rate hike since 1994

Fed attacks inflation with its largest rate hike since 1994

WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off th
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