24News.ca

The chaotic mix of record fuel prices and an unending supply chain crisis have U.S. retailers considering the unthinkable: Instead of returning your unwanted items, just keep them. In recent weeks, some of the biggest store chains, including Target, Walmart, Gap, American Eagle Outfitters and others have reported in their latest earnings calls that they have too much inventory of stuff ranging from workout clothes, spring-time jackets and hoodies to garden furniture and bulky kids' toys. Source

Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. Source

MONTREAL - Three years ago, Chris Nowrouzi's private charter airline served mainly ultra-wealthy leisure travellers and the upper echelons of the corporate world. Now, 27 months into a global pandemic that closed borders and battered airlines, his Toronto-based FlyGTA caters to a broader swath of families and groups wary of the health risks and airport hassle of commercial air travel -- and who have cash to spare. Source

Rising food costs. Soaring fuel bills. Wages that are not keeping pace. Inflation is plundering people's wallets, sparking a wave of protests and workers' strikes around the world. This week alone saw protests by the political opposition in Pakistan, nurses in Zimbabwe, unionized workers in Belgium, railway workers in Britain, Indigenous people in Ecuador, hundreds of U.S. Source

After the producers of Sriracha warned in a statement that a shortage of its product was “unprecedented,” one Alberta restaurant worries about how customers will react to missing out on their favourite spicy sauce. “It’s mixed with the pho, you know? It’s really good when you mix the Sriracha in,” said Rose Tan, manager of Phobulous Vietnamese Restaurant in Edmonton. Source

WASHINGTON - The International Monetary Fund on Friday slashed its U.S. economic growth forecast as aggressive Federal Reserve interest rate hikes cool demand but predicted that the United States would "narrowly" avoid a recession. In an annual assessment of U.S. Source

After the U.S. Supreme Court ruled on Friday to overturn Roe v. Wade, corporate giants from a range of industries pledged to provide support and financial assistance for employees — and, in some cases, theirdependents — seeking abortions in states that outlaw the procedure. Source

Stocks racked up more gains on Wall Street Friday, as the S&P 500 had its best day in two years and just its second week of increases in the last 12 to provide a bit of relief from the market's brutal sell-off this year. Source

Social media is full of posts this month by Canadian airlines celebrating pride. There's aWestJet TikTok video showing a plane flying over a rainbow,Sunwing andAir Transat tweets promoting LGBTQ vacation hot spots and, on Instagram,Flair Airlines is wishing everyone "Happy Pride. Source

With inflation at a 39-year high — and banks hiking interest rates to avoid economic recession — many Canadians are said to be distressed and dispirited as they cut back to manage the rising cost of living. Source