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Profit at Chinese state industry rises with virus recovery

Profit at Chinese state industry rises with virus recovery

BEIJING — Profit at state-owned companies that dominate China’s banking, oil and most other industries rose by as much as 25% last year as the country recovered from the coronavirus pandemic, the government said Tuesday.
European car sales suffer worst plunge ever in pandemic

European car sales suffer worst plunge ever in pandemic

MILAN — European car sales plunged by nearly a quarter last year as the pandemic provoked the worst crisis ever to hit the capital-intensive industry. New car registrations sank by 23.7%, or 3 million vehicles, to 9.
Turkey slaps advertising ban on Twitter, Pinterest

Turkey slaps advertising ban on Twitter, Pinterest

ANKARA, Turkey — Turkey on Tuesday slapped advertising bans on Twitter, Periscope and Pinterest over their non-compliance with a controversial new law that requires social media platforms to appoint legal representatives in the country.
TC Energy decarbonization response to Keystone setback unlikely to sway ESG investors

TC Energy decarbonization response to Keystone setback unlikely to sway ESG investors

Sustainable investing experts say TC Energy Corp.'s plan to decarbonize the Keystone XL pipeline is unlikely to save its fortunes, as a growing movement to divest from fossil fuels gains political clout. U.S.
Yellen urges Congress to do more to fight pandemic recession

Yellen urges Congress to do more to fight pandemic recession

WASHINGTON — Treasury Secretary nominee Janet Yellen is calling on Congress to do more to fight a deep pandemic-induced recession, saying the threats of a longer and even worse downturn are too great to cut back on support now.

Remittances to El Salvador rebound after early pandemic drop

SAN SALVADOR, El Salvador — The money sent home to El Salvador by migrants plunged 40% at the start of the coronavirus pandemic, but then recovered to end 2020 at a record high of $5.92 billion, authorities said Monday.
Japan urges South Korea to drop wartime compensation demands

Japan urges South Korea to drop wartime compensation demands

TOKYO — Japan's foreign minister accused South Korea on Monday of worsening already strained ties by making “illegal” demands for compensation for the sexual abuse of Korean women and use of forced labourers during World War II.

AltaLink seeks to refund extra $350 million over three years to Alberta customers

CALGARY — AltaLink wants to refund an additional $350 million to Alberta's electricity customers over the next three years because of low energy prices.
B.C. company turning fly larvae into pet food gets $6M in federal funds

B.C. company turning fly larvae into pet food gets $6M in federal funds

CALGARY — A British Columbia company that feeds food waste to insects to produce pet food has received $6 million from the federal government for a new plant just north of Calgary. Enterra Feed Corp.
Pandemic doesn't slow cargo shipments at the port in Prince Rupert, B.C.

Pandemic doesn't slow cargo shipments at the port in Prince Rupert, B.C.

PRINCE RUPERT, B.C. — The port in Prince Rupert, B.C., has set another record in defiance of the economic downtown caused by the COVID-19 pandemic.