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Canada Post presents latest contract offer to Canadian Union of Postal Workers
OTTAWA — Canada Post has presented its latest contract offer to the Canadian Union of Postal Workers in a bid to reach a new deal without a labour disruption. The new proposal includes annual wage increases amounting to 11.5 per cent over four years. It also protects the defined benefit pension for current employees, as […]
Jobs report on eve of election will be among the most distorted in years
WASHINGTON (AP) — Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role. Yet Friday’s report will include some of the most distorted monthly employment figures in years, with […]
UK Treasury chief unveils budget with $50 billion in tax hikes, promising greater investment
LONDON (AP) — British Treasury chief Rachel Reeves told lawmakers Wednesday that taxes will rise by 40 billion pounds ($52 billion) in order to plug a hole in the public finances and investment projects to boost growth. In the Labour Party’s first budget since returning to power earlier this year for the first time in […]
US economy grew at a solid 2.8% pace last quarter on strength of consumer spending
WASHINGTON (AP) — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — did slow slightly from its […]
Luxury SUV test: Edmunds compares the Lincoln Nautilus and Mercedes-Benz GLC
While Lincoln’s full-size Navigator is great for big families and towing, the recently redesigned Lincoln Nautilus should have broader appeal for SUV shoppers. It’s a midsize SUV that seats five and boasts distinctive styling, lots of premium features, and an eye-catching curved display that spans the width of the dashboard. So how does this Lincoln […]
Volkswagen says cost cuts are urgently needed as its earnings decline sharply
BERLIN (AP) — Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in third-quarter earnings on Wednesday and faced employee representatives angry at the possibility of the automaker’s first plant closures in Germany. The company reported net profit of 1.58 billion euros ($1.7 billion) for the July-September period, a 64% […]
What to know about Europe’s tariffs on Chinese electric vehicles
FRANKFURT, Germany (AP) — The European Union has finalized its sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing’s burgeoning exports of green technology to the 27-nation bloc. The duties took effect provisionally in July and were […]
Stock market today: Trading on Wall Street mixed in premarket, Reddit soars and Chewy sinks
Trading on Wall Street is essentially flat early Wednesday on mixed corporate earnings reports and new data on U.S. growth. Futures for the S&P 500 ticked up 0.1% before the bell, while futures for the Dow Jones industrials fell 0.2%. After hitting a record high on Tuesday, futures for the tech-heavy Nasdaq ticked up another […]
