62 h. ago Costco denies infringing on Lululemon’s trademarks when it sold alleged dupes

Costco Wholesale Corp. is pushing back on claims that it infringed on Lululemon Athletica Inc.’s intellectual property when it sold alleged knockoffs. In a recent filing made with a California court, Costco denies allegations that it copied Lululemon’s Scuba hoodies and sweatshirts, Define jackets and ABC pants. Some of the alleged fakes Vancouver-based Lululemon identified […]

Economics

64 h. ago US Initial Jobless Claims Jump to Highest in Almost Four Years

Applications for US unemployment benefits jumped last week to the highest level in almost four years, indicating layoff activity may be on the rise amid a sharp slowdown in hiring.

Other

2 w. ago Harmony Shares Drop as South African Gold Miner Warns on Costs

Harmony Gold Mining Co. shares dropped after the largest producer of South African gold warned of rising costs, even as record bullion prices pushed up profit.

Economics

2 w. ago UK Energy Bills to Rise to Fund Support for Vulnerable Homes

UK energy bills will rise 2% from October, pushed up by the twin costs of supporting vulnerable homes and balancing the addition of more intermittent renewable sources.

Other

2 w. ago Australia’s Monthly Inflation Accelerates More Than Expected

A gauge of Australia’s monthly inflation accelerated faster than expected in July, moving closer to the top of the Reserve Bank’s 2-3% target and supporting a gradual approach to cutting interest rates.

Economics

3 w. ago Data shows sharp rise in Americans applying for refugee status in Canada

Data from Canada's Immigration and Refugee Board shows a sharp rise in the number of Americans applying for refugee status in Canada in the first half of the year.

Other

3 w. ago Sharp rise in Americans applying for refugee status in Canada, data shows

Data from Canada's Immigration and Refugee Board shows a sharp rise in the number of Americans applying for refugee status in Canada in the first half of the year.

Other

3 w. ago Norway Economy Grows More Than Forecast, Denting Rate Cut Bets

Norway’s economy surprised with faster-than-expected growth for a second quarter in a row, adding pressure on the nation’s central bank to reconsider its plans for more easing.

Other

3 w. ago Norway Economic Growth Tops Forecasts, Denting Rate Cut Bets

Norway’s economy surprised with faster-than-expected growth for a second quarter in a row, adding pressure on the nation’s central bank to reconsider its plans for more easing.

Other

3 w. ago Sharp rise in airfare and food costs pushed UK inflation higher in July, denting rate cut hopes

LONDON (AP) — Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year. The Office for National Statistics said consumer price inflation was 3.8% in the year to July, up from 3.6% […]

Economics

3 w. ago Richest Australian Rinehart Joins Push Against Costs of Net Zero

Mining tycoon Gina Rinehart, Australia’s richest person, has urged the country to ditch its pursuit of net zero emissions, insisting the costs of climate action will devastate sectors from healthcare to logistics and defense.

Economics

3 w. ago Consumer inflation fell in July to 1.7%, but food costs ‘just won’t quit’

Consumer inflation in Canada rose by less than expected in July, according to Statistics Canada, as falling gasoline prices offset price increases elsewhere.

Economics

3 w. ago Inflation rate cools to 1.7% in July thanks to lower gas prices: StatCan

OTTAWA — Inflation cooled in July thanks largely to relief at the gas pumps, but Statistics Canada said grocery and shelter costs were accelerating last month.  The annual rate of inflation fell to 1.7 per cent in July, the agency said Tuesday, down from 1.9 per cent in June.  A 16.1 per cent decline year-over-year […]

Economics

3 w. ago Economists expect tariffs lifted food prices, core inflation in July

OTTAWA — Tariff impacts are expected to keep underlying inflation elevated in July, a Desjardins economist says, even if the headline figure retreats. Statistics Canada is set to report inflation figures for July on Tuesday. A poll of economists expects annual inflation cooled last month to 1.7 per cent, according to LSEG Data & Analytics. […]

Economics