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Biden defends calling Chinese leader Xi a 'dictator' and says he still expects to meet with him

Biden defends calling Chinese leader Xi a 'dictator' and says he still expects to meet with him

WASHINGTON (AP) — President Joe Biden on Thursday defended his harsh public comments on China, including calling President Xi Jinping a dictator, saying his words would have no negative impact on U.S.
'Our turnaround is now complete': Sobeys parent Empire completes multi-year overhaul

'Our turnaround is now complete': Sobeys parent Empire completes multi-year overhaul

Empire Company Ltd. said Thursday its full-service grocery stores rebounded in its latest quarter as it added more private-label food items, the pace of inflation slowed and the company's multi-year overhaul paid off with customers.
May home sales rise with near record-few on the market and biggest annual price drop since 2011

May home sales rise with near record-few on the market and biggest annual price drop since 2011

LOS ANGELES (AP) — Sales of previously occupied U.S.
Microsoft, regulators tangle in court over fate of $69 billion deal that could reshape video gaming

Microsoft, regulators tangle in court over fate of $69 billion deal that could reshape video gaming

SAN FRANCISCO (AP) — Federal regulators on Thursday launched a legal attack on Microsoft's proposed $69 billion takeover of video game maker Activision Blizzard by depicting it as an anticompetitive weapon while Microsoft hailed the deal as a way to
In the years leading up to retirement, an updated financial plan is key: Experts

In the years leading up to retirement, an updated financial plan is key: Experts

TORONTO — As Willi Fleerakkers’ retirement date approaches at a time of inflation and higher interest rates, it's hard for her not to worry — but when she reviews her plan, it helps to ease those concerns.
Government benefits helped lower-income households afford rising cost of living: PBO

Government benefits helped lower-income households afford rising cost of living: PBO

OTTAWA — The parliamentary budget officer says lower-income households maintained their purchasing power despite high inflation with help from government benefits.
UK recession fears mount after Bank of England hikes borrowing rates by more than expected

UK recession fears mount after Bank of England hikes borrowing rates by more than expected

LONDON (AP) — Fears that the British economy is heading for recession mounted sharply Thursday after the Bank of England raised borrowing costs by more than anticipated, seeking to combat stubbornly high inflation with a hike that will hit borrowers
Deloitte study suggests Canadians lack trust in brands' sustainability claims

Deloitte study suggests Canadians lack trust in brands' sustainability claims

While most consumers believe in rewarding companies that accurately deliver on sustainability promises, a new study suggests their trust is lacking in the "green" claims made by brands.
Weekly US applications for unemployment aid remain relatively elevated

Weekly US applications for unemployment aid remain relatively elevated

The number of Americans applying for unemployment benefits remained relatively elevated last week, potentially another signal that Federal Reserve rate hikes are beginning to cool a surprisingly resilient labor market. U.S.
Turkey's central bank sharply raises interest rates. That could signal an economic turnaround

Turkey's central bank sharply raises interest rates. That could signal an economic turnaround

ANKARA, Turkey (AP) — Turkey's central bank delivered a large interest rate hike Thursday, signaling a shift toward more conventional economic policies to counter sky-high inflation following criticism that President Recep Tayyip Erdogan’s approach h