Dubai house prices to rise modestly, stay affordable in coming years
Dubai’s residential property market is on a steady course, with prices expected to rise modestly over the next couple of years, according to a Reuters poll of housing analysts who say property prices there will remain affordable during that time.
U.S. judge rules Lithium Americas may excavate Nevada mine site
A U.S. federal judge has ruled that Lithium Americas Corp (LAC.TO) may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from environmentalists who said the digging could harm sage grouse and other wildlife.
After COVID revenue collapse, Canadian municipalities face insurance premium spike
Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents.
Shell unveils carbon capture project in Canada’s Alberta province
CALGARY, Alberta, July 13 (Reuters) – Royal Dutch Shell (RDSa.L) said on Tuesday it plans to build a large-scale carbon capture and storage (CCS) project near Edmonton, Alberta, joining a number of other companies proposing clean energy initiatives in Canada’s main oil-producing province. The Polaris CCS project would have capacity to store 300 million tonnes of carbon […]
U.S. industry groups, lawmakers press White House to lift travel restrictions
A coalition of 24 industry organizations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official told Reuters late on Wednesday reopening will need more discussion.
Marketmind: Known unknowns and unknown unknowns
A look at the day ahead from Julien Ponthus.
What inflation? Pandemic leaves emerging Asia’s consumer recovery behind
Asia’s once fast-growing economies are struggling with weak domestic demand that is keeping a lid on inflation in contrast to some developed markets, heightening the chance many central banks will forgo interest rate hikes this year.
Musk set to tout Starlink progress as cost, demand hurdles linger
Don Joyce, a Nokia director working from home at a remote lake cottage in Canada, recently abandoned his painfully slow phone-line internet in favor of satellite broadband service Starlink, offered by Elon Musk’s SpaceX.
Canada lawmakers pass budget bill with pandemic supports ahead of summer recess
Canadian lawmakers on Wednesday passed Prime Minister Justin Trudeau’s budget bill, approving billions in funding to extend COVID-19 supports on the last day of voting before the summer break and a likely election in the fall.
Canada’s climate plan charts hard road ahead for high-polluting oil sands
Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge: not only is its economy dependent on oil production, but the Canadian oil industry’s carbon emissions are among the world’s highest for every barrel of oil it pumps.
