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‘Very stupid’: Italy’s bank tax remains controversial as government scrambles to update it

Sep 20, 2023

Italy’s shock tax on banks continues to prove controversial, even as the government insists it can improve it.

Fears over access to credit hit highest level in more than a decade, New York Fed survey shows

Sep 20, 2023

American consumers are worried about access to credit amid persistently higher interest rates and tighter standards at banks, according to a New York Federal Reserve survey released Monday.

August core inflation, excluding food and energy, rose 0.3%, hotter than expected

Sep 20, 2023

Inflation posted its biggest monthly increase this year in August as consumers faced higher prices on energy and a variety of other items.

Shipping giant Maersk unveils world’s first vessel using green methanol

Sep 20, 2023

Copenhagen, DENMARK — Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol, a landmark moment for one of the world’s most polluting industries.

August wholesale inflation rises 0.7%, hotter than expected, but core prices in check

Sep 20, 2023

Inflation at the wholesale level rose more than expected in August, countering recent data showing that price increases have tempered lately.

Striking unions impacting the economy at a level not seen in decades

Sep 20, 2023

The auto workers’ strike is the latest in a series of labor-management conflicts that economists say could start having significant growth impacts if they persist.

Eli Lilly sues clinics allegedly selling knockoff versions of Mounjaro diabetes drug

Sep 20, 2023

Eli Lilly on Tuesday sued 10 medical spas, wellness clinics and compounding pharmacies across the U.S. for allegedly selling cheaper, unauthorized versions of the company’s diabetes drug Mounjaro. 

Ford Reaches Tentative Deal With Canadian Auto Union

Sep 20, 2023

DETROIT — Ford Motor’s labor troubles could become an international issue that affects U.S. production of some pickup trucks, as Canadian union Unifor and the company have only hours to reach an agreement for roughly 5,600 autoworkers.

Grocer summit to ‘take the heat off’ Ottawa, not tackle food inflation: experts

Sep 18, 2023

The federal government’s efforts to gather Canadian grocery executives for a summit to tackle food inflation is “disingenuous” and unlikely to bear much fruit, analysts say.

Will Canada skirt recession? Jobs numbers show ‘clear signs of a soft landing’

Sep 18, 2023

Canada’s labour market bounced back in August, though signs of underlying weakness reveal the impacts of a slowing economy on Canadian job seekers.

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