Native Americans try to block US move to give land to Rio Tinto | Indigenous Rights News

Native American group says US does not own land sought by mining giant for lucrative copper deposits. Members of Arizona’s San Carlos Apache tribe have filed a property claim in an attempt to regain control over land that the United States government is poised to give to Rio Tinto Ltd for its Resolution Copper mine. … Read more

‘Dead heat’: 2020 tied for warmest year on record, NASA finds | Climate News

When it comes to the Earth’s global surface temperature, 2020 came in hot — tying 2016 as the warmest year on record, according to a climate analysis published Thursday by NASA and the United States’ National Oceanic and Atmospheric Administration (NOAA). The Earth’s average temperature was 1.02 degrees Celsius (1.84 degrees Fahrenheit) warmer than the … Read more

Budget deficit fix? Oman readies third bond sale in three months | Coronavirus pandemic News

The largest oil exporter outside of OPEC is selling $3.25bn in debt in three parts. Oman is back in the debt market for the third time in less than three months, taking advantage of investors’ appetite for yield to help plug the Gulf Arab region’s widest budget deficit. The largest oil exporter outside of OPEC … Read more

China is winning the trade war and its exports have never been higher

The world’s second biggest economy closed out 2020 with an overall trade surplus of $78 billion for December, according to official customs data released Thursday. China’s overall surplus for the year hit a record $535 billion, up 27% from 2019. Exports, meanwhile, rose to an all-time high. “Amid all the noises on de-coupling and de-globalization, … Read more

Venezuela mulls letting private firms operate state oilfields | Nicolas Maduro News

Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned Petroleos de Venezuela (PDVSA) while pocketing part of the proceeds, six people with knowledge of the talks told Reuters news agency. The talks show that President Nicolas Maduro, facing a collapse in crude output … Read more

Stocks Open Higher, Bond Yields Rise Ahead of Biden Speech | Business News

NEW YORK (AP) — Stocks are opening higher on Wall Street as investors look ahead to a speech later Thursday in which President-elect Joe Biden is expected to provide more details on the incoming administration’s plans for more help for the coronavirus-ravaged economy. The S&P 500 index was up 0.3% in the early going, and … Read more

Germany’s economy weathered the pandemic better than the financial crisis

The country’s Federal Statistics Office on Thursday forecast a 5% contraction in the economy in 2020 compared to the previous year, based on provisional GDP estimates. By comparison, Europe’s biggest economy shrank 5.7% in 2009 during the recession that followed the financial crisis, it said in a statement. Nearly all major sectors with the exception … Read more

China 2020 Exports up Despite Virus; Surplus Surges to $535B | Business News

BEIJING (AP) — China’s exports rose in 2020 despite pressure from the coronavirus and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever reported. Exports increased 3.6% over 2019 to $2.6 trillion, an improvement over the previous year’s 0.5% gain, customs data showed Thursday. Imports … Read more

New COVID-19 lockdowns imperil global economy’s recovery | Business and Economy News

A major chunk of the global recovery in companies’ earnings – recovery expected in the first quarter of 2021 – is at risk of being pushed back further as coronavirus lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic rebound, investment banks said. China announced lockdowns in four cities and European … Read more

Trump scraps plan to ban China’s Alibaba, Tencent, Baidu: Sources | Donald Trump News

Senior US officials had been considering plans to add the firms to a list of alleged Chinese military companies, which would have subjected them to a US investment ban. The administration of United States President Donald Trump has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter … Read more

US slaps sanctions on two Iranian foundations linked to Khamenei | Business and Economy News

Advisers to United States President-elect Joe Biden believe the Trump administration is trying to make it harder for Biden’s Democratic administration to re-engage with Iran. The United States on Wednesday blacklisted two Iranian foundations controlled by Supreme Leader Ayatollah Ali Khamenei and their subsidiaries, saying the institutions enabled Iran’s elite to sustain a “corrupt” system of … Read more

Could Houston I-45 expansion be upended under a Biden presidency? | Business and Economy News

Prevention specialist Elda Reyes lives in a modest, three-bedroom home nestled in the corner of a small residential street in north Houston, close to Interstate 45 (I-45). She bought the house 17 years ago, building a life on the tree-lined street with her husband Jesus, a groundskeeper, and their three children, one of whom – … Read more

US unveils plans to counter China’s rise in Asia | Business and Economy News

In a new document, the US says it wants to counter China’s ‘predatory economic practices’, ‘accelerate India’s rise’ and help Taiwan ensure its ‘freedom from coercion’. The Trump administration declassified its strategy to ensure continued dominance over China, which focuses on accelerating India’s rise as a counterweight to Beijing and the ability to defend Taiwan … Read more

Indian Partying Hotspot Goa Counts Losses, Braces for Change | Business News

By VINEETA DEEPAK, Associated Press GOA, India (AP) — The sun’s golden rays fall on Goa’s smooth, sandy beaches every evening, magical as ever but strangely quiet and lonely. This holiday season, few visitors are enjoying the celebrated sunsets in the Indian party hotspot. The unspoken fear of the coronavirus is sapping Goa’s vibrant beach … Read more

Marooned: Investors want seafarers’ COVID crisis to end | Coronavirus pandemic News

Hundreds of thousands of sailors are thought to be stranded on ships for months due to the pandemic, raising risks to people, ships and cargoes. A group of leading investors on Wednesday called for an end to a crisis involving hundreds of thousands of seafarers stuck on ships for many months due to COVID-19, warning … Read more

Use pandemic to protect forests, WWF urges consumers, politicians | Climate Change News

The world has lost tropical forest equivalent to the size of California over a 13-year period, environmental group World Wide Fund for Nature (WWF) said on Wednesday, calling for COVID-19 recovery plans to revitalise conservation efforts. In a new report, WWF analysed 24 deforestation hotspots across Asia, Latin America and Africa, and found that more … Read more

Civil rights groups plan YouTube boycott if site won’t ban Trump | Civil Rights News

YouTube is the last major tech company that has not banned US President Donald Trump from posting on its platforms after last week’s Capitol riot. United States civil rights groups will organise an advertiser boycott against Alphabet’s YouTube if it does not remove President Donald Trump’s channel, the groups told the Reuters news agency. Jim … Read more

Biden to tap Obama-era regulator Gensler to lead SEC: Sources | Business and Economy News

Gary Gensler was chair of the Commodity Futures Trading Commission from 2009 to 2014. Gary Gensler, a leading financial regulator under the administration of US President Barack Obama, is expected to be named chair of the United States Securities and Exchange Commission (SEC) by President-elect Joe Biden in coming days, two sources familiar with the … Read more

UK condemns China’s ‘horrific barbarism’ against Uighur minority | Uighur News

Foreign secretary slams rights abuses and outlines new rules banning imports of goods suspected of using forced labour. The United Kingdom has accused China of human rights violations amounting to “barbarism” against its Uighur minority, as it announced, on Tuesday, new rules to ban imports of goods suspected of using forced labour. The abuses were … Read more

Indonesia’s Sriwijaya Air built its empire on old, cheap planes | Aviation News

Starting with just one plane in 2003, Indonesia’s Sriwijaya Air has become the country’s third-largest airline group, aided by its strategy of acquiring old planes at cheap prices and serving routes neglected by competitors. The mid-market airline, which has few international flights, was thrust into the spotlight this week when a nearly 27-year old Boeing … Read more

Asian Stocks Mixed as Markets Watch for Biden Stimulus Plan | Business News

By JOE McDONALD, AP Business Writer BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden’s promised economic stimulus plan. Shanghai, Tokyo and Hong Kong, which account for the bulk of the region’s stock value, rose. Seoul, Sydney and Southeast Asian markets retreated. Overnight, Wall Street declined following a … Read more

Firms debut Bluetooth N95 masks, AI perfume at virtual CES | Business and Economy News

From sanitising robots to personalised perfume dispensers to creative automotive technology and innovative apps, cutting-edge products and high-tech advances from around the world are on display at the annual Consumer Electronics Show. CES is also normally one of the biggest and most crowded events held in Las Vegas, Nevada in the United States. But this … Read more

Poll suggests 81 per cent believe Canada still in recession, but most are bullish on their own personal finances

Poll suggests 81 per cent believe Canada still in recession, but most are bullish on their own personal finances | The Star“,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”Respondents were asked to “click up to a maximum of four words that best describe the feelings you have about Canada’s economy.””,”type”:”text”,”isParagraph”:true},{“type”:”relatedStories”,”relatedStories”:[]},{“type”:”cta”,”buttonText”:”Sign Up Now”,”buttonLink”:”/emails.html?nsrc=article-inline-covid”,”description”:”Never miss the latest news from the Star, including up-to-date coronavirus … Read more

Iran, South Korea discuss frozen funds as vessel remains seized | Iran News

Iranian officials tell South Korean delegation Seoul must give Tehran access to its frozen money, refrain from ‘politicising’ seizure of the vessel. Tehran, Iran – Iran’s foreign minister has told a visiting South Korean delegation the “technical” issue of a ship seized by Iranian forces will be handled by his country’s courts, as he called … Read more

Parler sues Amazon for yanking account following US Capitol siege | Donald Trump News

Parler, a social networking service favoured by supporters of President Trump, accused Amazon of making politically-motivated decisions. Parler LLC, a social networking service favoured by many supporters of United States President Donald Trump, sued Amazon.com Inc on Monday, accusing its internet hosting service of making an illegal, politically motivated decision to shut down its account. … Read more

Bitcoin’s two-day plunge fuels concerns crypto bubble could burst | Business and Economy News

Bitcoin plunged as much as 21 percent over Sunday and Monday – its biggest two-day slide since March. A steep selloff in Bitcoin is fueling concern that the cryptocurrency bubble may be about to burst. Bitcoin slid as much as 21% over Sunday and Monday in the biggest two-day slide since March. While the digital … Read more

Stocks stall near record highs ahead of US stimulus expectations | Business and Economy News

Concerns over a possible Trump impeachment kept Asian shares from crossing historic highs despite expectations of ‘trillions’ of dollars in new stimulus measures. Asian shares paused near historic highs on Monday while United States Treasury yields were at a 10-month top as “trillions” in new US fiscal stimulus plans were set to be unveiled this … Read more

250,000 small UK firms seen closing without more financial aid | Business and Economy News

At least 250,000 small British firms could close as government emergency aid package falls short, industry group warns. An industry group says at least 250,000 small firms in the United Kingdom could close unless the government gives them more financial help. The Federation of Small Businesses’s (FSB’s) warning on Monday comes after authorities imposed renewed … Read more

Goldman Sachs, Citigroup, JP Morgan to pause political donations | Banks News

Several US firms are reviewing their donation policies in the aftermath of riots at the Capitol in the past week. Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co. plan to pause all political contributions, joining a growing list of companies changing or reviewing their donation policies in the aftermath of riots at … Read more

Turkey: Erdogan’s media office quits WhatsApp over privacy change | Turkey News

Turkish presidency will switch to local app BiP to brief journalists following WhatsApp’s controversial new usage terms. Turkish President Recep Tayyip Erdogan’s media office says it is quitting WhatsApp after the messaging app’s move to oblige many of its users to agree to a controversial new privacy policy. In statements made through WhatsApp on Sunday, … Read more

The Latest: Africa Tops 3 Million Confirmed Virus Cases | World News

JOHANNESBURG — Africa passed the milestone of 3 million confirmed cases COVID-19 Sunday, including more than 72,000 deaths, according to the Africa Centers for Disease Control and Prevention. South Africa accounts for more than 30% of the continent’s total with more than 1.2 million reported cases, including 32,824 deaths. The high proportion of cases in … Read more

Canada lags far behind pioneering Norway in phasing-out gasoline vehicles – National

More often than not, Norway finds itself at, or near, the top of all the good lists — perhaps most notably as number 1 on the United Nations Human Development Index. It has now secured its place at the top of another list: the 21st century race to make zero-emission vehicles (ZEV) the norm. In … Read more

US Consulate a Turning Point for Disputed Western Sahara | Business News

By MOSA’AB ELSHAMY, Associated Press DAKHLA, Western Sahara (AP) — Trawlers pack the bustling Western Saharan port of Dakhla, where fish scales glisten from workers’ arms as they roll up their nets and buyers shout bids in a sprawling auction warehouse. Nearby, turquoise waters lap wide, nearly empty Atlantic beaches and diners sip tea in … Read more

The Latest: Montreal Enacts Curfew as Virus Cases Spike | World News

MONTREAL — A curfew meant to curb a rising tide of COVID-19 cases took effect across Quebec on Saturday evening. Premier Francois Legault says the measure is needed to prevent gatherings that have fueled the rampant spread of the virus, The French-speaking Canadian province has a population of more than 8.4 million The rules will … Read more

Some southern Alberta small businesses frustrated with extended COVID-19 restrictions – Lethbridge

With emotions running high over current COVID-19 restrictions being extended until at least Jan. 21., one hair salon owner in Medicine Hat started an online petition asking the Alberta government to allow the beauty industry to get back to work. “We were told by Mr. [Jason] Kenney in December that our industry had zero cases … Read more

Twitter permanently suspends Trump’s account | Donald Trump News

Social media platform says Trump’s account suspended due to risk of ‘further incitement of violence’. Twitter said it has permanently suspended United States President Donald Trump’s account due to the risk of further incitement of violence after hundreds of his supporters stormed the US Capitol. “After close review of recent Tweets from the @realDonaldTrump account … Read more

Jobs report shows 140,000 jobs were lost in December. All of them were held by women

For three months, they held more jobs than men in the US economy — something that had only occurred one other time in history, during a short period in 2009 and early 2010. Sure, there were still many other gender gaps: women were more likely than men to work part-time, for example, because of caregiving … Read more

California Budget Proposes $15 Billion for Economic Relief | California News

By ADAM BEAM, Associated Press SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom’s $227 billion budget plan released Friday would turn a $15 billion windfall because of surging tax revenues into economic relief as the state confronts the coronavirus pandemic and ensuing deaths. His budget proposal comes as the state faces “a challenge the likes … Read more

Pakistan jails Mumbai attacks ‘plotter’ for ‘terrorism financing’ | Pakistan News

Court sentences Zaki-ur-Rehman Lakhvi, a senior official of armed group Lashkar-e-Taiba, to five years in prison. A Pakistan court has sentenced Zaki-ur-Rehman Lakhvi, a senior leader of armed group Lashkar-e-Taiba (LeT), to five years in jail for “terrorism financing”. Lakhvi and the group are accused by India and the United States of being behind the … Read more