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News
Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
3+ week, 3+ day ago (531+ words) Fréchette had said a day earlier that negotiations were “far from over” and that Quebec alone would decide whether U.S. alcohol returns to shelves at the SAQ, the Quebec government corporation that controls most wine and spirits sales in…...
Walmart sees the slowest pace in US comparable sales in 6 years and offers cautious guidance
3+ week, 4+ day ago (465+ words) Comparable sales in U.S. stores, which measure sales at stores open at least a year along with online sales tied to those locations, rose 2.6% in the second quarter. They rose 4.1% in the previous quarter. Excluding the wellness category that includes Walmart’s…...
Chinese court sentences founder of troubled property developer Evergrande to life in prison
3+ week, 4+ day ago (371+ words) The decision marks a milestone in Evergrande’s saga after it defaulted on more than $300 billion in liabilities when Chinese authorities cracked down on excessive borrowing in the real estate industry in 2020. That triggered a crunch among many developers and brought…...
World shares are mixed after US Treasury expands debt buybacks, while Brent crude gains 2.2%
3+ week, 4+ day ago (457+ words) U.S. futures edged lower after the U.S. Treasury Department said it would at least double the size of planned purchases of longer-term government debt. That could ease pressure on share prices coming from the bond market since the purchases would push bond…...
Champagne growers race to preserve quality in record-early harvest
3+ week, 4+ day ago (790+ words) On the hillsides of Hautvillers, teams of grape pickers start work at 6:30 a.m. among rows of vines that were recognized as a UNESCO World Heritage site in 2015. For Alexandre Gobillard, production director at the Gobillard & Fils Champagne house, beginning the harvest…...