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EU faces battle to keep energy prices from tanking economy

EU faces battle to keep energy prices from tanking economy

BRUSSELS (AP) — European Union leaders enter a crucial stretch this week to make sure runaway energy prices and short supplies don't further tank their struggling economies and foment unrest.
French firm admits Islamic State group payments in US court

French firm admits Islamic State group payments in US court

NEW YORK (AP) — French cement company Lafarge pleaded guilty Tuesday to paying millions of dollars to the Islamic State group so that a plant in Syria could remain open, a case that the Justice Department described as the first of its kind.
Conference Board predicts economic growth to slow to near standstill until spring

Conference Board predicts economic growth to slow to near standstill until spring

OTTAWA — A new economic outlook by the Conference Board of Canada says a recession is possible, but the underlying conditions are working in the economy's favour.
Holiday spending expected to slump amid inflation, economic uncertainty: report

Holiday spending expected to slump amid inflation, economic uncertainty: report

Holiday spending in Canada is expected to drop this year as inflation shrinks consumer buying power and economic uncertainty looms over household budgets, a new report says.
Former federal finance minister Bill Morneau to join CIBC board of directors

Former federal finance minister Bill Morneau to join CIBC board of directors

TORONTO — Former federal finance minister Bill Morneau will join CIBC's board of directors next month. The bank says Morneau will become a member of the board effective Nov. 1.
German cybersecurity chief out after reports of Russia ties

German cybersecurity chief out after reports of Russia ties

BERLIN (AP) — The head of Germany's national cybersecurity agency has been dismissed following reports of possible ties to Russian intelligence, the Interior Ministry said Tuesday.
Annual pace of housing starts up in September, hitting highest level since Nov. 2021

Annual pace of housing starts up in September, hitting highest level since Nov. 2021

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in September rose to the highest level since November 2021.
Iamgold selling stake in Rosebel Gold Mines to Chinese company for US$360M in cash

Iamgold selling stake in Rosebel Gold Mines to Chinese company for US$360M in cash

TORONTO — Iamgold Corp. has signed a deal to sell its 95 per cent interest in Rosebel Gold Mines N.V. to Chinese company Zijin Mining Group Co. Ltd. for US$360 million in cash.
Russian warplane crashes near apartment building, killing 13

Russian warplane crashes near apartment building, killing 13

MOSCOW (AP) — A Russian warplane crashed Monday into a residential area in a Russian city on the Sea of Azov after suffering engine failure, leaving at least 13 people dead, three of whom died when they jumped from upper floors of a nine-story apartm
Asian shares mostly gain after rally on Wall Street

Asian shares mostly gain after rally on Wall Street

BANGKOK (AP) — Stocks were mostly higher in Asia on Tuesday after Wall Street rallied in its latest about-face in recent topsy-turvy trading. Oil prices and U.S. futures advanced and the dollar was trading near 149 Japanese yen.
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