She can also be a member of the Presidential Economic Advisory Council. A number of newsletters you will love, delivered straight to you. The Centre has already waived off customs obligation on import of many Covid-related relief materials, including Remdesivir injection and its APIs, medical grade oxygen, oxygen remedy associated equipment like oxygen concentrators etc, and Covid vaccines.

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The federal authorities has not extended the April 30 tax deadline for 2020 returns, and accountants say that’s leaving some Canadians in a lurch. Canadian auto gross sales in April were up 254 per cent compared with the identical month final year, when gross sales plunged because of lockdowns within the early levels of the COVID-19 pandemic.

Taking Stock

Nova Scotia Public Health reported 175 new circumstances of COVID-19 on Wednesday, probably the most the province has reported in one day because the pandemic began more than a yr in the past. As Canada enters a potential third wave of COVID-19, entrepreneurs across the country are left questioning the future of their businesses, with others mourning the lack of what was. With income tax deadlines approaching, the federal authorities is warnings that submitting late could mean delays of as much as two months for anybody hoping to receive any of the various COVID-19 financial relief advantages.

That was a much bigger hit than in most different European economies after Prime Minister Boris Johnson was slower to impose a coronavirus lockdown and had to keep it in place for longer in an economic system heavily reliant on face-to-face consumer companies. Congress made the request to Treasury Secretary Janet Yellen, based on letters released by Unite Here, the union representing greater than 2,500 employees whose jobs are at risk under United’s proposal. Chicago-based mostly United has received $7.7 billion in two COVID-19 relief deals, generally known as payroll help applications , to help the airline industry climate the pandemic and defend jobs. With mini lockdown, going down in some elements of the country, will the non-performing asset numbers in retail lending section witness any spike in first quarter of fiscal 22. During the pandemic, older aircraft have been retired, leading to a fleet that may gather extra details about emissions and safety. Landlords minimize small retailers a break on rent through the pandemic, but stores are still struggling as a result of too few office employees and vacationers have returned.

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Christine Holgate has thrown down a authorized gauntlet to the federal government over her controversial exit from Australia Post. Popular trend retailer Sportsgirl has been taken to court accused of failing to pay $2.three million – however the clothes company denies any breach. The Australian sharemarket inched into constructive territory today, with banks and telcos among the winners. The price of Ethereum is skyrocketing, pushed by the growing NFT craze and because it positive aspects recognition from main financial establishments.

business news today

Information is offered ‘as is’ and solely for informational purposes, not for buying and selling purposes or recommendation. Tamara Khandaker explores the stories shaping our world now with reporters, specialists, and the folks on the centre of the news. Within days, a couple weeks at most, the cicadas of Brood X will emerge within the trillions after 17 years underground. Over the previous couple of weeks, considerations have been rising over the suggestion that the federal government is leaving the door open in new legislation to permitting what you submit on-line to be topic to federal rules.

A Sombre Day For Tens Of Millions Of Employees In Africa