Women struggle to get back to work in Canada as 'she-cession' weighs

OTTAWA, June 5 (Reuters) – Women are having a harder time than men returning to Canada’s labour force as persistent childcare issues weigh, and jobs in the male-dominated goods sector return faster than those in the service industry, data showed on Friday. Total employment increased by just 1.1% for women in Canada in May, compared with 2.4% for men, the […]

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AstraZeneca CEO: We are 'trailblazing' on vaccine process

London (CNN Business)AstraZeneca says it has secured capacity to produce 2 billion doses of a potential coronavirus vaccine being developed in partnership with researchers at Oxford University. The new production figure includes 400 million doses that will be provided to low and middle-income countries before the end of this year. The UK-based pharmaceutical company announced Thursday that it had signed […]

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Alibaba stock pops in Hong Kong debut

Hong Kong (CNN Business)Hong Kong’s status as a global business hub has been cast into doubt in recent weeks. But the city has become increasingly attractive to Chinese companies that fear their business prospects in the United States may be in jeopardy. Gaming company NetEase (NTES) announced plans this week to raise billions of dollars through a secondary listing of […]

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U.S. Mobility is Rising, And UBS Says That’s Good for Stocks

In this article The reopening of a number of big U.S. states should support an uptrend in mobility and activity, bringing potential gains for equities, according to UBS Group AG. Investors are scouring location tracking data from smartphones and mapping devices, published by companies including Apple Inc, Alphabet Inc’s Google, and TomTom NV, for signs of whether people are starting […]

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Breakingviews – Christine Lagarde is having a good crisis

LONDON (Reuters Breakingviews) – Crisis is supposed to reveal character. If so, it’s showing European Central Bank President Christine Lagarde in a flattering light. The Frenchwoman on Thursday confirmed she is as capable of decisive action as her predecessor, Mario Draghi, by announcing she will buy more assets and for longer than initially planned to help the euro zone recover […]

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German auto stimulus to boost VW's electric push

BERLIN/FRANKFURT (Reuters) – Germany unveiled sweeping incentives for cheap electric cars, providing a boost to Volkswagen’s (VOWG_p.DE) electric push while penalising heavy sports utility vehicles (SUVs) with new staggered taxes for polluting combustion-engined cars. Buyer incentives for passenger cars, including a lowering of value added tax (VAT) to 16% from 19% were included as part of a 130 billion euro […]

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