Economy

The supply chain crisis is improving: prices and inflation are expected to fall

The supply chain crisis has become so pervasive in the United States that it has spawned its own kind of memes. But consumers and pranksters alike might finally have a chance to rejoice: it looks like the knotty supply chain might finally be unraveling. Goods take less time to cross the ocean. Shipping becomes cheaper. …

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Twitter must sue Elon Musk for termination of takeover | Nils Pratley

Elon Musk is moving in mysterious ways, so it’s just about possible that his withdrawal from his $44 billion bid to buy Twitter was an aggressive attempt to bounce the target’s board of directors into accepting a price. lower redemption. At least that’s a popular interpretation of events, and Musk’s motive wouldn’t be hard to …

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Exclusive: the French nationalization of EDF will cost more than 8 billion euros

PARIS, July 11 (Reuters) – The French government is set to pay more than 8 billion euros ($8.05 billion) to bring electricity giant EDF (EDF.PA) back under full control of the state, two sources with knowledge of the matter said, adding the goal is to complete the transaction in the fourth quarter. One of the …

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Canadian charities hit by the double whammy of rising costs and increased demand

The school year may be over, but a team of Brown Bagging for Calgary’s Kids staff and volunteers are sorting through granola bars and other snacks for kids attending summer camps in the city. Like many charities across the country, the demands placed on the organization have never been higher, as inflationary costs have strained …

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“Toronto real estate market is cooling rapidly”: Scotiabank

A daily digest of research and analysis from Globe and Mail market strategist Scott Barlow BMO Chief Economist Doug Porter discussed the question that has been on the minds of most investors lately in Peak inflation: are we there already?, “The answer to the headline question is no, not quite, even with the growing decline …

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Canadian tech talent still in demand after recent massive layoffs

Sumeru Chatterjee was the content and community manager for Vancouver-based educational technology company Thinkific before he was laid off in April along with around 100 others. He is now setting up his own business.DARRYL DYCK/The Canadian Press Thousands of tech workers have started looking for new jobs as layoffs ripple through the industry in recent …

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US Inflation Data Will Be ‘Messy’ – 5 Things to Know About Bitcoin This Week

Bitcoin (BTC) begins another week in a precarious position near $20,000 ahead of another macro upheaval. After admittedly sealing gains in its best week since March, the biggest cryptocurrency is struggling to hold onto its recently recovered levels. Key resistance areas remain overhead, and with inflation data due out later in the week, the next …

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