Finance

Prime Minister Justin Trudeau unveiled a comprehensive tax relief package Thursday, introducing both a temporary removal of federal sales tax on essential items and a one-time rebate payment for working Canadians. The measures aim to address ongoing affordability challenges facing Canadian households. Starting December 14 through February 15, Canadians will enjoy a break from the Goods and Services Tax/Harmonized Sales Tax (GST/HST) on a wide range of consumer goods. The tax relief applies nationwide, with enhanced savings in provinces using the harmonized system (Ontario, Newfoundland and Labrador, Nova Scotia, New Brunswick, and Prince Edward Island). The tax holiday covers numerous everyday items including restaurant meals for dine-in, takeout, and delivery; pre-prepared foods and platters; bakery items and desserts; snack foods and beverages; children's items such as clothing, footwear, car seats, and diapers; entertainment items including video games, consoles, board games, […]

France's reputation as a top destination for foreign investment is facing challenges due to growing concerns about political instability, according to a recent survey of international business leaders. The survey, conducted by consultancy firm EY, reveals that a significant number of executives are hesitant to invest further in France due to the uncertain political landscape following last summer's parliamentary elections. While France has enjoyed several years of attracting new headquarters, research centers, and factories from foreign companies, the tide appears to be turning. The EY survey, which polled 200 managers of foreign-owned companies in France, found that a majority of respondents expressed concerns about the country's political climate and its potential impact on their business plans. Executives cited worries about a slowdown in reforms aimed at reducing bureaucracy and the potential for increased labor costs. These concerns are leading to […]

President Ahmed Tinubu has declared that Nigeria will actively collaborate with other African nations to secure greater access to international climate finance. Speaking at the COP29 climate summit in Baku, Azerbaijan, Tinubu emphasized the need for increased funding to address the challenges posed by climate change in developing countries. Represented by the Minister of Environment and Ecological Management, Balarabe Lawal, Tinubu stressed the importance of grants and accessible finance to support mitigation and adaptation efforts. He called for the swift operationalization of the loss and damage fund to help vulnerable countries cope with the adverse impacts of climate change. Tinubu highlighted Nigeria's vulnerability to climate change, citing increasing evidence of its widespread effects on the country. He outlined Nigeria's commitment to implementing policies and initiatives aimed at reducing greenhouse gas emissions, building resilience, and integrating climate solutions into national planning. […]