Economy

‘I’ve never seen anything like this’: Heat dome, flooding wreak havoc on B.C. Christmas tree supply | Globalnews.ca

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Unless you start the Christmas tree hunt early this season, securing that perfect slice of holiday tradition may be a challenge. The Canadian Christmas Trees Association said there’s a supply shortage across North America, driven by increased demand during the COVID-19 pandemic. 1:45 Christmas trees in short supply this season Christmas trees in short supply this … Read more

Turkish lira crisis hits Idlib in Syria

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Jamil Barakat says it was never easy to sustain a living in Syria’s northwestern Idlib town. But the Turkish lira crisis next door and skyrocketing inflation have made running his small business a nightmare. “Produce prices change every day, and customers are in disbelief,” Barakat tells Al Jazeera. “And of course you have to take … Read more

Malls hoping for big holiday season of sales as some struggle to stay relevant

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LONE TREE, Colo. — At malls across Colorado, thousands of shoppers headed to the stores this Black Friday on the hunt for a good deal. Brick and mortar stores are hoping for a busy holiday season after the pandemic took a toll on their bottom lines last year when they were forced to close temporarily. … Read more

Black Friday shopping trends are changing

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The National Retail Federation expects over 158 million Americans to shop this weekend. But waiting in long lines, camping out overnight, and fighting for that great deal might be a thing of the past for Black Friday shoppers. “I feel like the pandemic has slightly changed this trend,” said Ali Besharat, associate professor at the … Read more

U.S. to Restrict Travel From South Africa, 7 Other Countries as New Covid Variant Emerges

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The United States will restrict travel for non-U.S. citizens from South Africa and seven other countries starting Monday as a new Covid variant emerges. President Joe Biden was briefed Friday by White House chief medical advisor Dr. Anthony Fauci. The briefing came as other nations announced travel restrictions on southern Africa. In addition to South … Read more

Global stocks sink after South Africa finds virus variant

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Global stocks and oil prices have tumbled after South Africa found a fast-spreading coronavirus variant and the European Union proposed suspending air travel from southern Africa By JOE McDONALD AP Business Writer November 26, 2021, 9:25 AM • 3 min read Share to FacebookShare to TwitterEmail this article BEIJING — Global stocks and oil prices … Read more

Seoul bids for Hong Kong’s crown as Asia’s financial hub

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Seoul, South Korea – When Alex Short was offered rent-free office space to locate his fintech startup in Seoul’s financial district, he jumped at the opportunity. For Short, whose startup PerformID helps online shoppers claim cashbacks and other benefits, South Korea felt like an ideal location for his business due to its highly skilled workforce … Read more

The old normal: Thanksgiving traditions return to the US

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Americans flocked to parades, packed football stadiums and gathered more freely for family feasts on Thursday, grateful to celebrate Thanksgiving Day traditions again after the pandemic kept many at home last year. The holiday dates to the early 17th century when pilgrims from Europe and Native Americans gathered to share the autumn bounty — a celebration of … Read more

Freeland says Canada may retaliate against U.S. softwood lumber duty rate | Globalnews.ca

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Canada is prepared to retaliate against an American increase of duties on Canadian softwood lumber producers, Deputy Prime Minister Chrystia Freeland said Thursday. “We will do precisely what we have done successfully with two previous American administrations: we state our case clearly and rationally. We also make very, very clear that Canada is prepared to … Read more