Author: ovieoftoronto

Sao Paulo's finance minister and others plan to compile a final statement, with the draft citing a “higher-than-expected rise in the inflation rate'' as a risk. A soft landing for the global economy is increasingly likely, Treasury secretaries said in a draft closing statement for this week's G20 meeting in Brazil, with faster-than-expected inflation rising among the risks. It pointed out. “We note that the possibility of a soft landing for the global economy is increasing,” the draft communiqué, dated February 23 and obtained by Bloomberg News, reads. “Risks to the global economic outlook are more balanced. Upside risks include…

The statement reflected a relatively optimistic view of the global economy, which has struggled in recent years to overcome the effects of the pandemic, high inflation and sharply rising interest rates.The International Monetary Fund last month raised its forecast for global growth in 2024 to 3.1%, citing better-than-expected U.S. economic growth and financial support from China. Photo: Bloomberg Bloomberg Manuela Tobias In a draft closing statement from the G20 summit in Brazil this week, finance ministers said the global economy was increasingly likely to achieve a soft landing and cited faster-than-expected deflation as one upside risk. Click here to connect…

It is fitting that G20 finance ministers and central bank governors will meet this week at the Biennale Pavilion in São Paulo, designed by renowned architect Oscar Niemeyer. With its flowing lines and impressive façade, this building is a monument to the boldness of modern Brazil. I hope the G20 will also take inspiration from this landmark and act boldly. The recent improvement in the global short-term outlook gives G20 policymakers an opportunity to rebuild policy momentum and set their sights on a more just, prosperous, sustainable and cooperative future. After years of shocks, global growth is expected to reach…

MLB.com tracks all the latest Cubs-related free agency and trade rumors here. Feb. 26: Will the Cubs make another big contract soon?The oft-rumored reunion between the Cubs and Cody Bellinger finally materialized over the weekend. But the Cubs may not be done with additions to the lineup. The North Siders have been linked with third baseman Matt Chapman all offseason, and according to MLB.com's Mark Feinsand, “it would be foolish to close the door” on an agreement between the two teams. “While the Cubs' payroll remains below the first competitive balance tax threshold, signing Chapman would likely push them above…

Production on the new season 3 is currently well underway in Chicago, and while the cast is keeping tight-lipped about major story points, White revealed what to expect from Carmy going forward, saying that her character is “happy.” He admitted that he was hoping for an “end.”He told Deadline: “I think that's all I really wanted: for him to learn how to understand himself a little better, appreciate what he has, and then find peace.”For him, he admits that the series is about “how to overcome loneliness and how to deal with it,” adding, “It's about how to find a…

Stephane Dujarric told correspondents at a regular news conference in New York that during the clashes, two rockets landed near the United Nations peacekeeping base in Kimoka, about 4 kilometers northwest of Salkeh in North Kivu province.The UN said no casualties were reported.UN Mission MONUSCO “remains deeply concerned by the hostilities in eastern Congo and once again calls on the M23 to cease its attacks and respect the Luanda roadmap,” it added, setting out the necessary steps to strengthen it. He referred to the 2022 agreement. Lasting peace in eastern DRC.Signatories are Angola, Democratic Republic of the Congo, and Rwanda.Mr.…

One month after the International Court of Justice (ICJ) ordered “immediate and effective measures” to protect Palestinians in the occupied Gaza Strip from the risk of genocide by ensuring sufficient humanitarian assistance and enabling basic services, Israel has failed to take even the bare minimum steps to comply, Amnesty International said today. The order to provide aid was one of six provisional measures ordered by the Court on 26 January and Israel was given one month to report back on its compliance with the measures. Over that period Israel has continued to disregard its obligation as the occupying power to…

Westlock, a town of about 5,000 people north of Edmonton, voted Thursday to implement a bylaw that prohibits rainbow crosswalks and restricts the town to flying only government flags. Between 10 a.m. and 8 p.m. Thursday, 1,306 Westlock residents – or 33.5 per cent of eligible voters – reported to a community hall to vote either yes or no to the following question: “Do you agree that: only federal, provincial and municipal flags may be flown on flagpoles on Town of Westlock municipal property; all crosswalks in the Town of Westlock must be the standard white striped pattern between two…

A GoFundMe page set up for the family of Lisa Lopez-Galvan, the woman killed in a mass shooting at the Kansas City Chiefs’ victory parade, has caught the attention of Taylor Swift, who made donations on the page totaling $100,000 early Friday morning. The “Elizabeth Lopez-Galvan Memorial” page was set up Thursday afternoon, with a goal of raising $75,000 for the family of the 44-year-old shooting victim. Around 1,300 people had made donations when Swift pushed the total beyond the goal in the wee hours of Friday morning, first making a donation of $50,000 and then making a second donation in the same…

AMSTERDAM (TND) — Which is worse? Snakes on a plane or maggots? An unsuspecting passenger on a Delta flight from Amsterdam had to deal with the latter. The flight was bound for Detroit, Michigan when it was forced to turn back to Amsterdam’s Schiphol Airport after maggots reportedly fell onto a passenger from an overhead bin, WJBK reported. Phillip Schotte was a passenger on the plane Tuesday and told WJBK “she was freaking out” and “was just trying to kind of fight off these maggots.” Schotte said it was discovered that a passenger had placed fish wrapped in newspaper into his bag. “I don’t really know…