Bowen Island - National Business News - Bowen Island Undercurrent

Why allowing Ukraine to ship grain during Russia's war matters to the world

LONDON (AP) — Russia has suspended a wartime deal designed to move grain from Ukraine to parts of the world where millions are going hungry. The Black Sea Grain Initiative, brokered by the U.N. and Turkey, has allowed 32.9 million metric tons (36.

Jul 17, 2023 7:40 AM Read more >

Algerian leader on a state visit to China to pump up economic ties and lock in support to join BRICS

ALGIERS, Algeria (AP) — Algerian President Abdelmadjid Tebboune began a state visit to China on Monday, with both economic and diplomatic priorities as the North African nation looks to become less gas-dependent and raise its global profile.

Jul 17, 2023 6:50 AM Read more >

Wholesale sales excluding petroleum products and oilseeds and grains up in May

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products and other hydrocarbons and excluding oilseed and grains, rose 3.5 per cent to $83.6 billion in May.

Jul 17, 2023 6:48 AM Read more >

Kimberly Palmer: What to consider before budgeting with the cash-stuffing method

When Giovanna “Gigi” Gonzalez wanted to cut back on her food spending, the finance expert and money coach applied what is known as the “cash-stuffing” method of budgeting.

Jul 17, 2023 6:14 AM Read more >

Small tornado hits northwestern Puerto Rico, downing trees and power lines

SAN JUAN, Puerto Rico (AP) — A small and rare tornado swept briefly through a town in northwestern Puerto Rico, damaging homes and causing at least one landslide, officials said Monday. No injuries were reported.

Jul 17, 2023 5:52 AM Read more >

Germany's central bank says the economy apparently returned to growth in the 2nd quarter

BERLIN (AP) — The German economy appears to have returned to slight growth in the April-June period after shrinking for two consecutive quarters, the country's central bank said Monday.

Jul 17, 2023 5:35 AM Read more >

G20 finance chiefs meeting in India address global challenges like climate change and rising debt

NEW DELHI (AP) — Finance ministers from the Group of 20 nations meeting in India on Monday are poised to address critical global economic challenges, including the threats posed by climate change and rising debt among low-income countries.

Jul 17, 2023 3:58 AM Read more >

China's economy misses growth forecasts, raising the odds of more support for its tepid recovery

HONG KONG (AP) — China's economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood the government will double down on support for the fa

Jul 17, 2023 1:10 AM Read more >

Hong Kong's seafood businesses brace for a sales slump as Japan plans to discharge radioactive water

HONG KONG (AP) — As Tokyo plans to discharge treated radioactive wastewater into the sea, Japanese restaurant operator Sam Lam is busy finding substitutes for Japanese seafood that could soon be banned from entering Hong Kong.

Jul 16, 2023 8:58 PM Read more >

French tourism businesses are wary of customers drying up as droughts worsen

SAINTE-CROIX du VERDON, France (AP) — At the pristine southern French lake of Sainte-Croix-du-Verdon, tourists in pedal boats and on white water rafts — and the businesses that welcome them — have been buoyed by generous rainfall and good water manag

Jul 16, 2023 8:12 PM Read more >