Canada’s shock interest rate hike amidst skyrocketing mortgage debt

Canada’s shock interest rate hike amidst skyrocketing mortgage debt

1/2 After standing pat for months, the central bank of Canada announced Wednesday it was hiking its overnight lending rate by 25 basis points. Photo courtesy of the Bank of Canada June 7 (UPI) — The Central Bank of Canada hiked its lending rates after a five-month pause, saying Wednesday that its policies have yet …

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CNN Business provides eleventh-hour tips for filing taxes

CNN Business provides eleventh-hour tips for filing taxes

CNN reports that over 100 million income tax returns for 2022 have been received by the IRS so far this tax season, meaning many households are yet to file. The article outlines several last-minute tips to keep in mind before the April 18 deadline, including potential filing extensions for those in federally declared disaster areas …

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Dementia renders 88-year-old Rwandan genocide suspect incapable of standing trial, UN judges rules.

Dementia renders 88-year-old Rwandan genocide suspect incapable of standing trial, UN judges rules.

Judges of the International Residual Mechanism for Criminal Tribunals have ruled that Félicien Kabuga, an 88-year-old Rwandan genocide suspect, cannot continue standing trial due to his dementia. However, the judges have stated that they will establish a procedure to continue hearing evidence without the possibility of convicting Kabuga. The majority decision, published on Wednesday, means …

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Boeing sued by Wilson Aerospace for allegedly appropriating IP for NASA projects

Boeing sued by Wilson Aerospace for allegedly appropriating IP for NASA projects

The Artemis 1 mission Space Launch System (SLS) rocket Frank Michaux / NASA Wilson Aerospace, a small family-run tools company based in Colorado, is suing Boeing for a wide range of claims concerning allegedly stolen intellectual property over the last two decades. The company’s lawsuit centers around multiple custom-designed tools that Wilson says it created …

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The Fear Residing in Biden Outweighs that of the Ukrainians

The Fear Residing in Biden Outweighs that of the Ukrainians

“The language of escalation is the language of excuse.” Ukraine’s foreign minister, Dmytro Kuleba, dismisses concerns that providing assistance to Ukraine could lead to Russia expanding its aggression to NATO countries or crossing the nuclear threshold. Despite being least likely to be a victim of Russia’s aggression, the United States is the most concerned about …

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Russia: Dozens sickened, at least 29 dead from contaminated cider

Russia: Dozens sickened, at least 29 dead from contaminated cider

The death toll from drinking contaminated cider in the western Russian region of Ulyanovsk rose to at least 29, with a further 61 people falling ill, authorities said Tuesday. The health ministry, quoted by news agencies, said the total number of intoxicated victims had reached 90 with 29 fatalities, up from the previous death toll …

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EU trademark battle ends with Batman’s victory

EU trademark battle ends with Batman’s victory

DC Comics, the parent company of Batman, has won a legal battle in the European Union against an Italian retailer. Reuters reported that the General Court, Europe’s second-top court, ruled in favor of the company more than 20 years after its Batman logo was registered with the European Union Intellectual Property Office. Commerciale Italiana Srl …

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Ahead of interest rate decisions, US and European stock markets slide.

Ahead of interest rate decisions, US and European stock markets slide.

US stocks fell on Wednesday, as markets struggled to find direction while investors awaited for the Federal Reserve to next week set interest rates for the world’s largest economy. Wall Street’s benchmark S&P 500 lost 0.3 per cent, giving up early gains. The tech-heavy Nasdaq Composite fell 1 per cent. European indices followed Wall Street …

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