July 5th, 2020

Business

Russian voters agree to extend Putin’s rule to 2036

By Vladimir Isachenkov And Daria Litvinova, The Associated Press on July 1st, 2020

MOSCOW – A majority of voters approved changes to Russia’s constitution that would allow President Vladimir Putin to hold power until 2036, but the weeklong plebiscite that ended Wednesday was tarnished by widespread reports of pressure on voters and other irregularities. With most of the nation’s polls closed and 20% of precincts counted, 72% voted ... Read More »

Be the first to comment!

Russians voters agree to extend Putin’s rule to 2036

By Vladimir Isachenkov And Daria Litvinova, The Associated Press on July 1st, 2020

MOSCOW – A majority of Russians approved amendments to Russia’s constitution in a weeklong vote ending Wednesday, allowing President Vladimir Putin to hold power until 2036, although the balloting was tarnished by widespread reports of pressure on voters and other irregularities. With most of the nation’s polls closed and 15% of precincts counted, 71% voted ... Read More »

Be the first to comment!

Early results show approval for letting Putin rule to 2036

By Vladimir Isachenkov And Daria Litvinova, The Associated Press on July 1st, 2020

MOSCOW – Russian voters are overwhelmingly approving constitutional amendments that would allow President Vladimir Putin to run for another two terms and potentially extend his rule until 2036, according to early referendum results. The Central Elections Commission said that with 15% of precincts counted, the amendments package got the approval of 71 % of voters. ... Read More »

Be the first to comment!

Surge in sales ahead of Canada Day helping fireworks companies in difficult year

By The Canadian Press on July 1st, 2020

Fireworks companies say they’re experiencing a surge in consumer sales as people try to recreate Canada Day displays that were cancelled because of COVID-19. Gary Colquhoun, owner of Fireworks Atlantic in Yarmouth, N.S., said he’s received five months worth of orders in the past two weeks after a slow start to the year. Colquhoun, who ... Read More »

Be the first to comment!

US construction spending fell 2.1% in May

By Martin Crutsinger, The Associated Press on July 1st, 2020

WASHINGTON – U.S. construction spending fell for a second month in May with both home building and nonresidential activity declining. The Commerce Department said May activity dropped by 2.1% following an even larger 3.5% fall in April as the construction industry was rocked by the shutdowns triggered by the coronavirus pandemic. Home building dropped 4% ... Read More »

Be the first to comment!

Lighthizer celebrates USMCA, promises enforcement as trade deal comes into force

By The Canadian Press on July 1st, 2020

WASHINGTON – The new North American trade agreement is officially the law of the land, and the Trump administration is vowing to ensure that Canada, Mexico and the United States live up to its obligations. U.S. trade ambassador Robert Lighthizer has issued a statement marking today’s coming into force of the U.S.-Mexico-Canada Agreement, and promises ... Read More »

Be the first to comment!

Mexico’s legacy airline Aeromexico files for bankruptcy

By The Associated Press on June 30th, 2020

MEXICO CITY – Mexico’s oldest legacy airline, Aeromexico, said Tuesday it has filed for Chapter 11 reorganization, a form of bankruptcy in which the carrier can keep operating while its debts and obligations are sorted out. The airline said “this legal process will not interrupt the airline’s operations” and that all tickets, reservations and bonus ... Read More »

Be the first to comment!

Fitch reduces Alberta credit rating, cites concerns on heavy borrowing

By Dean Bennett, The Canadian Press on June 30th, 2020

EDMONTON – Alberta’s plan to relaunch its economy is taking a hit right out of the starting gate. The United States-based Fitch rating agency has announced it’s reducing Alberta’s credit rating to AA- from AA. Fitch cites a concern with sharply higher borrowing done by the province to deal with the economic fallout of the ... Read More »

Be the first to comment!

TSX has best quarter in more than a decade as gold hits nine-year high

By The Canadian Press on June 30th, 2020

TORONTO – Canada’s main stock index ended its best quarter in more than a decade as the price of gold hit its highest level since 2011. The S&P/TSX composite index closed up 125.50 points at 15,515.22. In New York, the Dow Jones industrial average was up 217.08 points at 25,812.88. The S&P 500 index was ... Read More »

Be the first to comment!

New Mexico tribe transforms old casino into movie studio

By Russell Contreras, The Associated Press on June 30th, 2020

TESUQUE PUEBLO, N.M. – A small northern New Mexico Native American tribe has opened a movie studio in a former casino that it hopes will lure big productions. The Tesuque Pueblo recently converted the building near Santa Fe into a movie studio campus called Camel Rock Studios with more than 25,000 square feet (2,323 square ... Read More »

Be the first to comment!

Order restricting entry to Canada extended to July 31 as COVID-19 worries remain

By The Canadian Press on June 30th, 2020

OTTAWA – The federal government says it has extended tight rules barring most foreign travellers from entering Canada until the end of July as part of efforts to slow the spread of COVID-19. The restrictions covering everyone except Canadian citizens and permanent residents – as well as Americans entering Canada for essential reasons – were ... Read More »

Be the first to comment!