Canadian is detained in China on drug allegations: Chinese government

Canadian is detained in China on drug allegations: Chinese government
OTTAWA — China’s foreign ministry says the recent detention of a Canadian citizen by Chinese authorities is linked to drug allegations against foreign teachers. The detention of a Canadian in China comes with the two countries entangled in a diplomatic dispute triggered by the December arrest of Huawei executive Meng Wanzhou in Vancouver. In the days after Meng’s arrest, China detained two Canadians on espionage... Read More

China’s economy growth cools further amid US tariff war

China’s economy growth cools further amid US tariff war
BEIJING — China’s economic growth slowed to its lowest level in a decade in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world’s second-largest economy grew 6.2% over a year ago, down from the previous quarter’s 6.4%, government data showed Monday. That was the weakest growth since the... Read More

S. Korea proposes UN probe over Japanese sanctions claims

S. Korea proposes UN probe over Japanese sanctions claims
SEOUL, Korea, Republic Of — South Korea said Friday it wants an investigation by the United Nations or another international body as it continues to reject Japanese claims that Seoul could not be trusted to faithfully implement sanctions against North Korea. Kim You-geun, deputy director of South Korea’s presidential national security office, said South Korea has been thoroughly implementing U.N.... Read More

North American stock markets rise on confirmation of upcoming U.S. rate cuts

North American stock markets rise on confirmation of upcoming U.S. rate cuts
TORONTO — North American stock markets rose, with U.S. markets hitting all-time highs, after the chairman of the U.S. Federal Reserve confirmed the central bank will cut interest rates because of a weakened economy. The S&P/TSX composite index closed up 18.08 points at 16,563.29. In New York, the Dow Jones industrial average was up 76.71 points at 26,860.20. The S&P... Read More

Poloz appears in no rush to move interest rate, warns of trade threats

Poloz appears in no rush to move interest rate, warns of trade threats
OTTAWA — Bank of Canada governor Stephen Poloz is holding firm on his key interest rate and showing no urgency to make a policy change, positions that come with the U.S. Federal Reserve poised to cut its rate. The Bank of Canada’s decision Wednesday kept the interest rate target at 1.75 per cent for a sixth-straight meeting as the country bounces back from a weak stretch that nearly brought the economy... Read More

Trade, climate policy on agenda for premiers’ meeting in Saskatoon

Trade, climate policy on agenda for premiers’ meeting in Saskatoon
SASKATOON — Canada’s 13 premiers are expected to discuss trade and climate policy among other pressing issues when they sit down for their annual conference in Saskatoon. The closed-door meeting is taking place today and tomorrow at a downtown hotel. Saskatchewan Premier Scott Moe is hosting the Conference of the Federation, and says one priority is breaking down trade barriers between... Read More

Bombardier to appeal Brazil ruling over alleged bidding infractions

Bombardier to appeal Brazil ruling over alleged bidding infractions
MONTREAL — Bombardier Inc. says it intends to appeal a Brazilian administrative tribunal ruling that concluded the railway car manufacturer and 10 other companies of allegedly manipulating contract bids. Brazil’s economic defence administrative council imposed fines of around $175 million against a “cartel” it found manipulated at least 26 tenders between 1999 and 2013 in four Brazilian states. France’s Alstom... Read More

Conservative party wins Greek election, ousts left-wing PM

Conservative party wins Greek election, ousts left-wing PM
ATHENS, Greece — Greek conservative opposition leader Kyriakos Mitsotakis comfortably won a parliamentary election Sunday as voters rejected Prime Minister Alexis Tsipras after a tumultuous four years of the country struggling through a crippling financial crisis. With more than 80% of votes counted, Mitsotakis’ New Democracy party had 39.7% of the vote compared to Tsipras’ left-wing Syriza party at 31.6%.... Read More