As Euro Slides, American Tourists Splurge in Parisian Boutiques

As Euro Slides, American Tourists Splurge in Parisian Boutiques

American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar. The euro tumbled below $1 on Wednesday for the first time in two decades on fears that rising energy prices triggered by the Ukraine conflict could tip the European Union into a prolonged economic crisis. “It’s like it’s on sale here,” said Wilson, 49, from Colorado, whose purchases included two dresses for her daughter. “Because…

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European governments reject Putin threats over gas supplies as ‘blackmail’

European governments reject Putin threats over gas supplies as ‘blackmail’

Russian president Vladimir Putin threatened on Thursday to halt contracts supplying Europe with a third of its gas unless they are paid in Russian currency, his strongest economic riposte so far to crushing western sanctions over his invasion of Ukraine. European governments rejected Mr Putin’s ultimatum for Friday, with the continent’s biggest recipient of Russian gas, Germany, calling it “blackmail”. Moscow did, however, offer a mechanism for buyers to obtain roubles via a Russian bank. The energy showdown has huge ramifications for Europe as US officials circle the globe to…

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Ukraine negotiations to resume, Putin gives Europe gas payment ultimatum

Ukraine negotiations to resume, Putin gives Europe gas payment ultimatum

European buyers of Russian gas faced a deadline to start paying in roubles on Friday, while negotiations aimed at ending the five-week war were set to resume even as Ukraine braced for further attacks in the south and east. Moscow’s invasion of its neighbour has killed thousands, sent millions fleeing and galvanised the United States and allies around the world to impose punishing penalties on Russian government entities, businesses and oligarchs. Russia will respond to European Union sanctions, the RIA news agency quoted a senior foreign ministry official on Friday….

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Europe’s Economy Reels Under Energy Fallout

Europe’s Economy Reels Under Energy Fallout

Two weeks since Russia began Europe’s biggest conflict since World War II, businesses across the continent are already in varying stages of despair at the consequences on livelihoods. A crisis of human suffering in Ukraine, whose wider economic impact prompted European Central Bank officials to quicken their withdrawal from stimulus this week, is affecting prosperity from the farmlands of Spain to the euro zone’s manufacturing core in Germany and France. Surging energy costs are the central complaint, though disrupted supply chains, sanctions and worries about a looming demand drop are…

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EU Parliament’s final push on the Digital Markets Act must include default settings

EU Parliament’s final push on the Digital Markets Act must include default settings

Europe has a deeply uneven tech playing field. But as members of the European Parliament prepare to vote in plenary on the Digital Markets Act (DMA) on Wednesday, there’s a chance to correct this course. MEPs must sustain significant progress made within the legislation, such as with regard to ad platforms, as well as the major wins brought home by the European Commission over recent months such as the Google Shopping case and Android choice screen — demonstrating the EU’s ability to take concrete action to create a fair and…

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Shoppers In Canada, queue up for Ramana Maharshi Handicraft Statues Sold By Tiruvannamalai Handicrafts Online

Shoppers In Canada, queue up for Ramana Maharshi Handicraft Statues Sold By Tiruvannamalai Handicrafts Online

Here is a write up on this Unique Christmas Gift from India, which has created a huge sensation and has become the latest fashion in Online Shopping globally. The first edition was sold out in a record breaking 48 hours.The worldwide online sale began on 9th December 2021 on www.Tiruvannamalaihandicrafts.com .This collection is a very limited edition. Tiruvannamalai Handicrafts, from India has announced the much awaited and anticipated worldwide online sale of Sri Ramana Maharshi handicraft statues from today, the 7th December 2021.   The introduction of Ramana Maharshi handicraft  statutes has been…

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Due to shortage of staff,Canadian employers accommodate unvaccinated employees.

Due to shortage of staff,Canadian employers accommodate unvaccinated employees.

Canada’s tight labor market is forcing many companies to offer regular COVID-19 testing over vaccine mandates, while others are reversing previously announced inoculation requirements even as Omicron variant cases rise. Canadian Prime Minister Justin Trudeau’s government adopted one of the strictest inoculation policies in the world for civil servants and has already put more than 1,000 workers on unpaid leave, with thousands more at risk. Airlines, police forces, school boards and even Canada’s Big Five banks have also pledged strict mandatory vaccine policies. But following through has proven less straightforward,…

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Canada exceeds expectations in Job Growth in November

Canada exceeds expectations in Job Growth in November

With employment soaring beyond predictions and unemployment dropping to near pre-pandemic levels, new labour force data suggest that Canada is on its way to a full economic recovery. This past November, Canadian employers added 154,000 jobs to the economy. Last month’s growth exceeded analysts’ predictions of 38,000, which was closer to October levels. The gains pushed employment a full percentage point higher than pre-pandemic levels. Also, unemployment dropped to 6%, which is within 0.3 percentage points of what it was in February 2020. Data from Statistics Canada’s Labour Force Survey…

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IMF’S KRISTALINA GEORGIEVA: OMICRON VARIANT LIKELY TO USHER GROWTH DOWNGRADES

IMF’S KRISTALINA GEORGIEVA: OMICRON VARIANT LIKELY TO USHER GROWTH DOWNGRADES

Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said on Friday. “A new variant that may spread very rapidly can dent confidence, and in that sense, we are likely to see some downgrades of our October projections for global growth,” Georgieva said during the Reuters Next conference. The IMF said in October it expected the global economy to grow 5.9% this year and 4.9% next year, pointing then to…

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U.S. STATE DEPARTMENT APPLE IPHONE HACKED WITH ISRAELI COMPANY SPYWARE – SOURCES

U.S. STATE DEPARTMENT APPLE IPHONE HACKED WITH ISRAELI COMPANY SPYWARE – SOURCES

Apple Inc iPhones of at least nine U.S. State Department employees were hacked by an unknown assailant using sophisticated spyware developed by the Israel-based NSO Group, according to four people familiar with the matter. The hacks, which took place in the last several months, hit U.S. officials either based in Uganda or focused on matters concerning the East African country, two of the sources said. The intrusions, first reported here, represent the widest known hacks of U.S. officials through NSO technology. Previously, a list of numbers with potential targets including…

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