Canada Orders Phone Companies to Offer Wholesale Access to Fiber-Optic Broadband

OTTAWA—Canada’s telecommunications regulator on Monday ordered the country’s big phone companies to make available their fiber-optic internet services to small independent broadband providers, saying this would improve access to higher-speed internet for households and bolster competition in the sector. The Canadian Radio-television and Telecommunications Commission said the decision was triggered by worries over a decline … Read more

A Westernprice cap on Russian oilmeant to curb Moscow's war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

A Western price cap on Russian oil meant to curb Moscow’s war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening

Updated Nov. 5, 2023 12:01 am ET HONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump. From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related … Read more

Germany’s Trade Surplus Fell in September as Exports, Imports Dipped

Germany’s trade surplus declined in September, as exports and imports fell more than expected, a signal of the fragile economic climate for German businesses both at home and abroad. The country’s adjusted trade surplus-representing the difference between exports and imports of goods-dipped to 16.5 billion euros ($17.53 billion) in September, compared with EUR17.7 billion in … Read more

Google’s Cloud Sales Disappoint as Advertising Rebounds

Updated Oct. 24, 2023 6:08 pm ET Google reported its strongest business growth in more than a year but disappointed investors with relatively weak cloud-computing sales, delivering a mixed picture as it continues to wrestle with competitors developing artificial-intelligence tools. Google’s parent company Alphabet reported third-quarter revenue of $77 billion Tuesday, up 11% from the same … Read more

Japan’s Exports Rebounded in September

Japan’s exports rebounded in September, led by growth in shipments of autos and auto parts, data from the Ministry of Finance showed Thursday. Exports rose 4.3% from a year earlier, reversing from the decline in July and August. Economists polled by data provider FactSet had expected exports to rise 4.5%. Copyright ©2023 Dow Jones & … Read more

Ship Freight Rates Tumble as Consumers Pull Back

The largest container carriers are cutting sailings and face prospects of weaker prices in the months ahead. Source link

U.S. Prepares Crackdown on Russian Oil Sanctions Evasion

Treasury Secretary Janet Yellen says the U.S. is likely to start enforcing the $60-a-barrel price cap on Russian oil. Source link

U.S. Probe of Russia-Sanctions Busting Focuses on Major Oil Trader

The investigation is examining whether Murtaza Lakhani, founder and chief executive of Mercantile & Maritime Group, traded Russian oil in breach of Western sanctions. Source link

The Stunning Boom and Bust of a Tax-Refund King

One of the biggest processors of a pandemic tax break has slashed staff and stopped marketing after an IRS crackdown. Source link