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Who inherits a selfie? States seek to fill privacy law gaps + MORE Oct 2nd
SPRINGFIELD, Ill. – States are passing laws dealing with how to release information from online accounts to relatives when people die.
Google, Facebook and other companies have said a federal privacy law approved decades before digital storage became common prevents them from releasing electro.... More »
New investors who thought markets only skyrocket learn a useful lesson: Don Pittis Feb 12th
As more than one wise commentator has pointed out, the unusual thing about stock markets is not that they have zigged and zagged by a few per cent over the past two weeks. The strange thing was what came before..... More »
Authorities close German unit of Canada’s Maple Financial + MORE Feb 7th
BERLIN – German authorities have ordered the closure of Maple Bank after the Canadian-owned company was investigated for alleged tax evasion and money laundering.
Maple Bank, based in Frankfurt, Germany, is part of Canada’s Maple Financial Group.
The Federal Financial Supervisory Authori.... More »
Stock market news for investors: Transat, Empire and Algoma report earnings + MORE Mar 14th
These companies reported earnings this week
Transat A.T. Inc.
Empire Company Ltd.
Algoma Steel
Also read
.... More »
Should you get a 30-year mortgage? + MORE Feb 25th
Signing a 30-year mortgage in Canada can be an attractive option for some home buyers in the face of relentless real estate prices.
In the city of Toronto, the average selling price for all home types reached $1.07 million in January 2022, according to figures from the Toronto Regional Real Estat.... More »
Greece’s leftist government pledges privatization push; experts doubt 50B euro goal reachable
– canadianbusiness.com
ATHENS, Greece – Work was supposed to begin next year on a 7 billion euros ($7.6 billion) waterfront urban renewal project almost twice the size of New York’s Central Park that could have poured nearly a billion euros into Greece’s depleted coffers. The plans stalled late last year after the far-left Syriza party took power and promised to halt attempts at putting the private sector in control of state assets, both on ideological grounds and because leaders believe rampant corruption must be addressed before any sell-off.
Now, in an attempt to get a third European bailout and prevent the Greek economy from collapsing, the ruling party has done an about-face. It has pledged to fast-track the waterfront project, plus sell government assets and allow for private development of state-owned property, all to generate cash that will help reduce Greece’s 320-billion-euro national debt and pay back money lent by European nations to prop up ailing banks.
Experts say the goal set by Greece’s European counterparts for the country to raise 50 billion euros in privatizations and private use of state property is probably impossible — but that Greece must make a better effort than it has in the past…
Now, in an attempt to get a third European bailout and prevent the Greek economy from collapsing, the ruling party has done an about-face. It has pledged to fast-track the waterfront project, plus sell government assets and allow for private development of state-owned property, all to generate cash that will help reduce Greece’s 320-billion-euro national debt and pay back money lent by European nations to prop up ailing banks.
Experts say the goal set by Greece’s European counterparts for the country to raise 50 billion euros in privatizations and private use of state property is probably impossible — but that Greece must make a better effort than it has in the past…
Greece bailout: Merkel ally urges rethink for MPs who voted against Greek talks – The Australian Financial Review
– news.google.ca
The Australian Financial ReviewGreece bailout: Merkel ally urges rethink for MPs who voted against Greek talksThe Australian Financial ReviewThe parliamentary leader of Angela Merkel's conservatives rejected criticism of Wolfgang Schaeuble's suggestion that Greece might be better off taking a time-out from the euro zone. Reuters. The general secretary of Chancellor Angela Merkel's Christian …UPDATE 1-Merkel ally urges German MPs who voted against Greek aid talks to …ReutersMinister in Germany Discusses Greece RoleNew York Times60 of Merkel's MPs rebel over Greek loanIrish IndependentChannel News Asia -euronews -swissinfo.chall 1,886 news articles »
Firms outside US likely to move first into post-sanctions Iran, seen as ripe for investment
– canadianbusiness.com
DUBAI, United Arab Emirates – The nuclear deal is done. Now it’s time to talk business.
While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market.
Germany is dispatching a large trade delegation to Tehran on Sunday. Spain has a similar trip planned, and France’s top diplomat is eyeing a visit too. Ads for European cars and luxury goods are starting to reappear in Tehran. Airlines in Dubai are fast adding new Iran routes to meet growing demand.
American firms, though, have to be much more cautious. Deal or no deal, U.S. sanctions not related to the nuclear program will still be in place and bar most American companies from doing business with Iran.
That means they stand to lose out to European and Asian companies — some that still have business contacts in the country before sanctions were tightened in recent years.
“It’s easier to say who is at a disadvantage…
While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market.
Germany is dispatching a large trade delegation to Tehran on Sunday. Spain has a similar trip planned, and France’s top diplomat is eyeing a visit too. Ads for European cars and luxury goods are starting to reappear in Tehran. Airlines in Dubai are fast adding new Iran routes to meet growing demand.
American firms, though, have to be much more cautious. Deal or no deal, U.S. sanctions not related to the nuclear program will still be in place and bar most American companies from doing business with Iran.
That means they stand to lose out to European and Asian companies — some that still have business contacts in the country before sanctions were tightened in recent years.
“It’s easier to say who is at a disadvantage…
