The demise of the department store heralds a shift in downtown areas

Nov 02, 2020 09:17 am UTC| Economy

Over the past year, cities have become remarkably different places. The response to the ongoing coronavirus pandemic has resulted in less active public and shared spaces like parks, malls, streets and retail. In most...

Huge government debts mean Canada is robbing its kids

Nov 02, 2020 09:16 am UTC| Economy

Before the pandemic, the combined federal and provincial Canadian debt totalled $1.4 trillion. And since then, this debt has rapidly grown, with governments borrowing another $300 billion in the current year alone. This...

The suburbs are the future of post-COVID retail

Nov 02, 2020 07:05 am UTC| Economy

The COVID-19 pandemic delivered a body blow to CBD retailers, but its just the latest of their challenges in recent years. They were already under pressure from cautious consumer spending, intense competition from online...

US consumer spending surpasses expectations in September, but outlook dimmer in Q4

Oct 31, 2020 22:56 pm UTC| Economy

US consumer spending rose 1.4 percent in September, surpassing analysts expectations of a 1 percent increase, but decreasing benefits for the unemployed, cooling temperatures and a COVID-19 resurgence could cut spending in...

Japanese firms to struggle with China's environmental policies, growth strategy

Oct 31, 2020 21:35 pm UTC| Economy

Chinas environmental restrictions and a new economic growth strategy called dual circulation could pose obstacles for Japanese companies to expand their local operations. Japans Toyota Motor Corp. said total hybrid car...

KB Financial leads S. Korea's major banking groups in surpassing Q3 earnings expectations

Oct 30, 2020 11:55 am UTC| Economy

KB Financial Group recorded 1.16 trillion won in net profit, up 24.1 percent on-year, to lead South Koreas major banking groups that were bolstered by nonbanking businesses in posting better-than-expected third-quarter...

The US economy's record swings: 4 essential reads

Oct 30, 2020 07:53 am UTC| Economy

The U.S. economy rebounded from its unprecedented coronavirus plunge in the spring with a record surge over the summer, giving the president some good news just days before Election Day. Gross domestic product climbed...