Pandemic Financial News

Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024

The food service industry could be decimated by a wave of closures if the federal government does not extend the Jan. 18 deadline for the repayment of loans under the Canada Emergency Business Account program, two industry groups are warning.

According to Moody's, US office vacancies rose to a record in the fourth quarter of 2023, «shattering the previous record.»

2023 was a rough year forreal estate, but some Canadian housing markets fared worse than others, according to early data.

World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic, then the war in Ukraine and ensuing spikes in inflation and interest rates around the world, the first half of the 2020s now looks like it will be the worst half-decade performance in 30 years, it added.

HONG KONG (Reuters) — Plans by Hong Kong's Cathay Pacific Airways (OTC:CPCAY) to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city's leader said, while its pilot union called for a government enquiry.

India and visited China, unlike his predecessors. On Monday, China's state media Global Times, in an editorial, mentioned Muizzu's visit to the East Asian Nation, and referred to India's diplomatic row with the Maldives, and called for an "open-minded" approach to looking at South Asian issues. 10.

Cushman and Wakefields Bruce Mosler explains why he is optimistic about 2024 on The Claman Countdown.

By Tim Hepher, Rajesh Kumar Singh and Valerie Insinna

Suicide Squad: Kill the Justice League" video game will be launched on February 2 by Warner Bros. Games. Warner Bros. Interactive Entertainment president David Haddad has called the game 'ambitious' projects, according to a report by Variety. «Suicide Squad: Kill the Justice League» will be a free-to-play brawler video game 'MultiVersus'. In this video game, characters owned by Warner Bros will battle it out, as per the report.

(Reuters) -JetBlue Airways on Monday named Joanna Geraghty as its CEO, succeeding Robin Hayes who spearheaded the $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines (NYSE:SAVE)

Leading New Mexico lawmakers are recommending a 5.9% increase in general fund spending for the coming fiscal year amid a windfall in oil-related income

India on Monday summoned Maldives High Commissioner Ibrahim Shaheeb amid the row over Maldivian ministers' objectionable remarks against PM Narendra Modi's pitch on 'Visit Lakshadweep'. Shaheeb was conveyed India's strong concern over the derogatory remarks against Modi. The Maldivian envoy's visit to South Block came a day after the Maldives distanced itself from its deputy ministers — Malsha Shareef, Mariyam Shiuna and Abdulla Mahzoom Majid — and highlighted the remarks were their «personal» views and did not represent Male while suspending them.

Life Insurance Corporation of India (LIC) alone was slapped with notice for around ₹806 crore on January 1. The next day, Hindustan Unilever was sent a GST demand of ₹447.5 crore. Similarly, a series of notices to Asian Paints, Eicher Motors, ICICI Prudential, and Nestle India, with regards to pending GST dues and penalties for FY19 and FY20, have rattled corporate India.

CBRE Group Inc. Compounding the issue, mainland companies, which historically contributed to rising rentals, accounted for only 11% of new leases in 2023, down from 18% in 2021. In response to the potential demand for increased in-office presence, 27% of respondents sought a salary raise, predominantly targeting a 6% or higher increment, while another 24% contemplated changing jobs to secure flexible work arrangements.

The first advance estimates of our national income for 2023-24 issued by the National Statistical Office on Friday show India’s economy blazing ahead, with gross domestic product (GDP) seen rising 7.3%. As China sputters, India is poised to retain its fastest-growing major economy tag, having rebounded sharply from the pandemic on the back of infrastructure spending by the government. In 2021-22, we made up for the previous year’s covid contraction, and then logged 7.2% GDP growth last fiscal year.

see similar prices to what was seen in 2023, with automotive experts saying not to expect the cost for a vehicle to return to pre-pandemic levels anytime soon.During the COVID-19 pandemic, inventory became a big factor due to supply chain issues impacting semiconductors and automotive computer chips, and with it came higher prices due to fewer new and used cars available for purchase.“So when there (are) fewer cars sold and new cars sold, obviously it has a direct impact on the used market,” Baris Akyurek, vice-president of insights and intelligence at Autotrader.ca, told Global News in an interview. “That’s why we have been seeing inflated prices.”As 2023 came to a close, however, Akyurek said it has been a “pretty positive” year in terms of availability.According to Auto Trader’s 2023 trends report released in September, the new car supply had increased from the month prior, with the organization predicting modest increases to inventory in the coming years.

By David Shepardson, Valerie Insinna and Tim Hepher

SAN ANTONIO—The good news: the U.S. is headed for growth this year, not recession. The bad news: there is as yet little prospect growth will be any better than before the pandemic.

Forbes Media Chairman Steve Forbes and former CKE Restaurants CEO Andy Puzder discuss the December jobs report and point out discrepancies in its reporting.

HARBIN, China, — China's annual Ice and Snow Festival, with its fairy-tale ice sculptures, opened on Friday attracting throngs of tourists who shuffled carefully over the slippy ice and snow and dragged their children in sledges around the park. This year the ice park spans 810,000 sq metres with 250,000 cubic metres of sculptured ice, harvested from the nearby frozen Songhua River, and lit up at night with colourful lights. The sculptures, some a few-storeys-high, featured Chinese-style buildings and bridges, fairy-tale castles, towers and one fashioned after Beijing's Temple of Heaven.