Daily News

By Julia Hornstein MONTREAL, Canada (CIC NEWS) – Ontario is investing $25 million more over the next three years, on top of the $15 million over three years that was announced in Budget 2022, to double Ontario’s skilled immigrant intake. The investment will work to address labour shortages and promote economic growth in the province. Ontario is Canada’s most popular landing destination, and the province welcomes one-third of all newcomers to the country each year. The province and federal government announced […]

UKEF’s new Brazil IEFE will ensure continued support for trade links between UK exporters and buyers from Brazil as well as Chile, Paraguay, Uruguay, and Argentina. With up to £4 billion in export finance already available for buyers in Brazil, UKEF is seeking to grow the number of businesses in Brazil and Latin America looking to invest in and trade with the UK. Based at the British Consulate in São Paulo, the new IEFE will work to strengthen trade ties […]

– On the IMF approach to Central Bank Digital Currencies (or CBDC) capacity development, knowing how important this topic is to IMF member countries. By Bo Li I’d like to focus on three points: first on global interest in CBDC, second on demand for the IMF’s assistance through capacity development, and finally on the IMF approach to CBDC capacity development. We have seen unprecedented levels of global interest in CBDCs in recent years. Recent surveys provide insights into the widespread […]

By Edana Robitaille MONTREAL, Canada (CIC NEWS) – New spending for healthcare was highlighted as a top priority in Canada’s Budget 2023. Healthcare is a provincial /territorial responsibility but due to pressure on the system caused by labour shortages and lack of funding before the COVID-19 pandemic (which intensified the situation), the provincial and territorial governments have requested more funding from the federal government. Canada’s aging population puts additional strain on the healthcare system. The 2021 census shows that there are 861,395 people over the […]

Global growth is expected to be lower than earlier projected, signalling a potential economic downturn. Developing countries face mounting debt and insufficient international support, risking another lost decade. The banking crisis highlights long-neglected financial fragilities and regulatory weaknesses. Declining energy costs lead to lower inflation, but elevated food prices maintain a high cost of living in many developing countries. Growing global asymmetries threaten developing countries’ resilience, requiring stronger multilateral action and an urgent focus on sovereign debt architecture. – Developing […]

USA / AFRICA – Fully financing the HIV response in Africa will produce substantial health, social and economic gains for the continent, a new report backed by the UN agency devoted to ending AIDS (UNAIDS) has revealed. The report based on research by the Economist Impact partnership across 13 African countries, A Triple Dividend: The health, social and economic gains from financing the HIV response in Africa, estimates that millions of lives will also be saved if funding is forthcoming. Not only would there […]

WASHINGTON, USA – United States Trade Representative Katherine Tai yesterday signed and presented the United States’ official instrument of acceptance of the Fisheries Subsidies Agreement to World Trade Organization (WTO) director-general Ngozi Okonjo-Iweala. The Agreement determines disciplines for WTO members engaged in harmful fisheries subsidies, and marks the first-ever multilateral agreement that has environmental sustainability at its core. The Agreement also demonstrates the Biden administration’s commitment to sustained engagement at the WTO to ensure that the institution delivers tangible results, fit […]

By Caribbean News Global LONDON, England – UK prime minister Rishi Sunak welcomed US president Biden to the United Kingdom for a meeting in Belfast today. “The leaders reflected on the legacy of the Belfast (Good Friday) Agreement, which was signed 25 years ago this week. They agreed that this anniversary is a moment to celebrate the progress that Northern Ireland has made over the last quarter of a century and to recommit to building an even brighter future for […]

WASHINGTON, USA – The Transportation Security Administration (TSA) announced the award of three orders for a combined total value of up to $1.3 billion for Computed Tomography (CT) scanners to include up to 426 base, 359 mid-size, and 429 full-size units, if all options are exercised, for deployment across TSA checkpoints starting Summer 2023. Analogic Corporation will provide base-size units. IDSS Holdings will provide mid-size units. Smiths Detection Incorporated will provide full-size CT X-ray systems. “These CT units represent sophisticated technology that helps our […]