Connect with us

Business

Canada’s Alberta province toughens COVID-19 restrictions By Reuters

Published

on

Canada’s Alberta province toughens COVID-19 restrictions By Reuters


3/3

© Reuters. FILE PHOTO: A man pulls his luggage past baggage carts at Toronto Pearson International Airport in Mississauga, Ontario, Canada February 20, 2021. REUTERS/Kyaw Soe Oo

2/3

By Steve Scherer and Nia Williams (NYSE:)

OTTAWA/CALGARY, Alberta (Reuters) -The Canadian province of Alberta will increase restrictions aimed at limiting the spread of COVID-19 as a third wave of the pandemic threatens to overwhelm the hospital system within weeks, Premier Jason Kenney said on Tuesday.

Stricter measures include confining schools to online learning, ordering workplaces with COVID-19 outbreaks to close for 10 days, closing salons, allowing restaurants to offer takeout service only and reducing the number of people allowed at funerals and religious services.

Alberta, the center of Canada’s energy industry, has the highest per capita rate of COVID-19 cases in the country and follows Ontario and Quebec in beefing up restrictions.

“If you can stay home, please stay home,” Kenney told a news conference.

Prime Minister Justin Trudeau said on Tuesday the federal government was offering whatever help the province needed to get the situation under control and keep Albertans safe.

Alberta’s tougher measures come on the same day Canada’s Tourism Minister Melanie Joly said the country is working with international partners to develop a standardized vaccine certification for travel.

Canada currently has a higher infection rate than the United States as it rolls out vaccines during a third wave. The country has fully inoculated only 3% of its almost 38 million people, though more than 34% have received a first dose and millions of doses are arriving each week.

“Clearly as vaccination is being rolled out, we will position ourself as a safe destination,” Joly said in a telephone interview after attending a virtual meeting with her G20 counterparts earlier in the day.

Canada’s land border with the United States has been closed to non-essential travel since March 2020, and those arriving by plane must be tested and quarantine themselves.

The third wave gripping the country now has dimmed the hopes of airlines and the tourism sector for renewed travel this summer.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

Tesla developing platform to allow car owners in China access data By Reuters

Published

on

Tesla developing platform to allow car owners in China access data By Reuters



© Reuters. FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann

BEIJING (Reuters) -U.S. electric-vehicle maker Tesla (NASDAQ:) Inc said on Thursday it was developing a platform for car owners in China that will allow them to access data generated by their vehicles.

Tesla, which makes Model 3 sedans and Model Y sport-utility vehicles at its Shanghai factory, aims to launch the data platform this year, it said in a statement.

This is the first time an automaker has announced plans to allow customers access car data in China, the world’s biggest car market.

Automakers for the past several years have been equipping more vehicles with cameras and sensors to capture images of a car’s surroundings. Control of use, sending and storage of these images is a fast-emerging challenge for the industry and regulators worldwide.

China last month published draft rules to ensure the security of data generated by smart cars. Data collected from Tesla electric cars in China is stored in the country, a company executive said last month.

Tesla in April was targeted by state media and regulators after a customer, angry over the handling of her complaint about malfunctioning brakes, climbed on top of a Tesla car in protest at the Shanghai auto show. Videos of the incident went viral.

Tesla provided the data related to the brake incident to the customer complying with the local authorities’ order.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading

Business

Trading bounce back helps French bank Societe Generale smash analyst expectations in first quarter

Published

on

Trading bounce back helps French bank Societe Generale smash analyst expectations in first quarter


A logo outside a Societe Generale SA bank branch in Paris, France.

Bloomberg | Bloomberg | Getty Images

LONDON — French bank Societe Generale reported net income that beat analyst expectations for the first quarter of 2021, getting a boost from a strong performance in its global markets division.

Net income for the first quarter came in at 814 million euros ($977 million), the lender said Thursday. Analysts were expecting a net income of 204 million euros.

The company also surprised markets at the end of the four quarter with a net income of 470 million euros, and well above the 252 million euros estimated by analysts ahead of the results.

The stock is up nearly 40% year-to-date.

This is a breaking news story and will be updated shortly.



Source link

Continue Reading

Business

China suspends economic dialogue mechanism with Australia as relations curdle By Reuters

Published

on

China suspends economic dialogue mechanism with Australia as relations curdle By Reuters



© Reuters. FILE PHOTO: Australian flag flutters in front of the Great Hall of the People during a welcoming ceremony for Australian Prime Minister Malcolm Turnbull (not in picture) in Beijing, China, April 14, 2016. REUTERS/Jason Lee

BEIJING (Reuters) – China “indefinitely” suspended on Thursday all activity under a China-Australia Strategic Economic Dialogue, its state economic planner said, the latest setback for their strained relations.

“Recently, some Australian Commonwealth Government officials launched a series of measures to disrupt the normal exchanges and cooperation between China and Australia out of Cold War mindset and ideological discrimination,” China’s National Development and Reform Commission (NDRC) said in a short statement on the decision.

The commission did not say in the statement what specific measures prompted the action.

The Australian dollar fell sharply on the news, and was as low as 0.7701 to the U.S. dollar from Wednesday’s $0.7747.

Bilateral ties were strained in 2018 when Australia became the first country to publicly ban Chinese tech giant Huawei from its 5G network. Relations worsened last year when Australia called for an independent investigation into the origins of the novel coronavirus, prompting trade reprisals from China.

Australia’s trade minister, Dan Tehan, did not immediately respond to a request for comment on China’s decision.

The last meeting under the mechanism, intended as a framework for economic cooperation, was in Beijing in 2017, when Australia’s trade minister signed an agreement on cooperation on Belt and Road projects in third-party countries.

Australia has, however, declined to sign agreements on direct participation in China’s flagship foreign policy initiative.

In April, Canberra cancelled two Belt and Road deals struck by its state of Victoria, prompting the Chinese embassy to warn that already tense bilateral ties were bound to worsen.

Reuters reported this week that Australia was reviewing the 99-year lease of a port in its north to a Chinese firm, according to a government source.

Australia’s federal parliament granted veto power over foreign deals by states in December amid the deepening diplomatic dispute with China, which has imposed a series of trade sanctions on Australian exports ranging from wine to coal.

In the 12 months to March, Australia exported A$149 billion ($115.04 billion) worth of goods to China, excluding services, of which iron ore was by far the largest product.

(Graphic: Australia exports to China vs the rest of the world – https://fingfx.thomsonreuters.com/gfx/ce/jbypryjnjve/AustraliaExportstoChinavsRoW.png)

A trader said he expected the latest strains would not have a major impact on the iron ore trade.

“We believe the iron ore trading relationship between Australia and China will remain ring-fenced in relation to current political tensions between the two nations,” said Atilla Widnell, managing director at Singapore-based Navigate Commodities Ptd Ltd.

“This is a co-dependent relationship whereby either party cannot survive without the other.”

($1 = 1.2952 Australian dollars)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading

Trending