Small businesses are hit with back rent demands amid high inflation

The rent has come due for America’s small businesses and at a very inopportune time. Landlords were lenient about rent payments during the first two years of the pandemic. Now, many are asking for back rent, and some are raising the current rent as well. Meanwhile, most of the government aid programs that helped small … Read more

Chinese-Canadian tycoon who vanished set for trial, embassy says

Billionaire Xiao Jianhua went missing in Hong Kong in 2017. Chinese-Canadian billionaire Xiao Jianhua, who went missing in Hong Kong five years ago, was due to go on trial in China on Monday, the Canadian embassy in Beijing said. China-born Xiao, known to have links to China’s Communist Party elite, has not been seen in … Read more

Data puts Turkey’s annual inflation at 78.6%, a 24-year high

ISTANBUL — Annual inflation in Turkey hit 78.62% in June, the highest rate since 1998, according to official data released Monday. The Turkish Statistical Institute, or TurkStat, released the monthly figures as Turkey is experiencing a deepening cost-of-living crisis. Consumer prices rose by 4.95% on a monthly basis, the institute reported. While many countries are … Read more

Kenney suggests details on inflation support could come next week | Globalnews.ca

Alberta Premier Jason Kenney has indicated his United Conservative government will reveal details next week about additional support to help people deal with high inflation. Earlier this week when Finance Minister Jason Nixon announced a $3.9 billion surplus at the end of the 2021-22 fiscal year ending March 31, Nixon said one of the goals was to … Read more

Restrictions on Contraception Could Set Women Back Generations

Claudia Goldin, a professor of economics at Harvard and the author of “Career and Family: Women’s Century-Long Journey Toward Equity,” was a college student at Cornell University from 1963 until 1967. Back then, in the days before readily accessible birth-control pills and legal abortions, family-planning services weren’t offered to women who weren’t married. At Cornell, … Read more

Ghana to make U-turn and ask IMF for help for its economy

Until now, Ghana had refused to seek IMF support to rescue an economy crippled by the pandemic, rampant inflation and a depreciating currency. Ghana, one of West Africa’s largest economies, will hold formal talks with the International Monetary Fund (IMF) on a support package, the government has said, only days after hundreds took to the … Read more

‘Irresponsible’ to cut back aid now: Q&A with UNDP’s Steiner

New York City, US –  Developed nations should do more for less fortunate countries in a world with “more conflicts, more refugees and more displaced people since World War II”, a senior United Nations official has told Al Jazeera. The world is “in a bad place and things could easily get worse”, Achim Steiner, administrator of the … Read more