October 17th, 2021

Business

Schumer: Agreement reached on short-term debt ceiling fix

By Kevin Freking And Josh Boak, The Associated Press on October 7th, 2021

WASHINGTON (AP) – Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis. “We’ve reached agreement,” Schumer announced as he opened the Senate. “Our hope is to get this done as soon as today.” THIS IS A BREAKING ... Read More »

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Lululemon joins new generation of home gym equipment retailers with launch of Mirror

By The Canadian Press on October 7th, 2021

VANCOUVER – Lululemon Athletica Inc. is joining the booming personalized at-home exercise trend with the launch of Mirror, a large electronic device for streaming workout classes. The athleisure retailer says the mirror-like machine, which can be mounted to a wall, is available for in-store demonstrations in Canada starting Thursday and will be available for purchase ... Read More »

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Tilray’s Q1 earnings would have been higher, if Aphria processes used: Tilray CEO

By Tara Deschamps, The Canadian Press on October 7th, 2021

Tilray Inc. said it is on track to save at least US$80 million from its merger with Aphria Inc. as it reported a first-quarter loss of US$34.6 million and a revenue increase of 43 per cent compared with a year ago. Chief executive Irwin Simon said Thursday its earnings would have been better if the ... Read More »

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EXPLAINER: What’s behind the looming Hollywood strike?

By Lindsey Bahr, The Associated Press on October 7th, 2021

A major Hollywood strike could be on the horizon for some 60,000 behind-the-scenes workers in the entertainment industry. Over the weekend, members of the International Alliance of Theatrical Stage Employees (IASTE) overwhelmingly voted in favor of authorizing a nationwide strike for the first time in its history. Here we look at who is involved, what ... Read More »

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US jobless claims fall to 326,000, first drop in four weeks

By Paul Wiseman, The Associated Press on October 7th, 2021

WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell last week, another sign that the U.S. job market and economy continue their steady recovery from last year’s coronavirus recession. Unemployment claims fell by 38,000 to 326,000, the first drop in four weeks, the Labor Department said Thursday. Since surpassing 900,000 in early ... Read More »

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Pfizer asks US to allow COVID shots for kids ages 5 to 11

By Lauran Neergaard, The Associated Press on October 7th, 2021

Pfizer asked the U.S. government Thursday to allow use of its COVID-19 vaccine in children ages 5 to 11 — and if regulators agree, shots could begin within a matter of weeks. Many parents and pediatricians are clamoring for protection for children younger than 12, today’s age cutoff for the vaccine made by Pfizer and ... Read More »

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Cash windfall for Spanish youth can’t be spent on bullfights

By The Associated Press on October 7th, 2021

MADRID (AP) – The Spanish government is offering citizens who turn 18 years old next year 400 euros ($462) to spend on cultural activities. But the sum comes with strings attached: the recipients can’t use it to buy tickets for bullfights. The decision was one of the politically controversial measures included in the 2022 national ... Read More »

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Cannabis company Tilray reports $34.6M Q1 loss, revenue up 43 per cent

By The Canadian Press on October 7th, 2021

LEAMINGTON, Ont. – Cannabis company Tilray Inc. reported a loss of US$34.6 million in its latest quarter, compared with a loss of US$21.7 million in the same quarter last year, as its net revenue rose 43 per cent. The company, which keeps its books in U.S. dollars, says the net loss amounted to eight cents ... Read More »

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Toronto Zoo says endangered orangutan is pregnant, due to give birth in April

By The Canadian Press on October 7th, 2021

TORONTO – The Toronto Zoo says one of its critically endangered orangutans is pregnant – the first such pregnancy at the zoo in 15 years. The organization says the mother is Sekali, a 29-year-old Sumatran orangutan, and the father is 15-year-old Budi. Both were born at the zoo. It says the pair was introduced in ... Read More »

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Ship anchored near oil pipeline made unusual movements

By Michael Biesecker, Stefanie Dazio And Michael Balsamo, The Associated Press on October 6th, 2021

HUNTINGTON BEACH, Calif. (AP) – A massive cargo ship made a series of unusual movements while anchored in the closest spot to a Southern California oil pipeline that ruptured and sent crude washing up on beaches, according to data collected by a marine navigation service. The Coast Guard is investigating whether a ship anchor might ... Read More »

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IMF head meets with board probing data-rigging allegations

By Martin Crutsinger, The Associated Press on October 6th, 2021

WASHINGTON (AP) – The head of the International Monetary Fund met on Wednesday with her agency’s executive board, which is conducting an investigation into alleged data-rigging at the World Bank, the sister global lender where she was formerly was a top executive. The IMF is investigating allegations that in 2018 World Bank employees were pressured ... Read More »

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