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Canada defends capital gains tax hike, says it will keep borrowing low Jun 10, 2024 02:46PM

OTTAWA (Reuters) - A planned hike in the capital gains tax for the wealthiest will help keep Canada's borrowing low and fund social programmes, Finance Minister Chrystia Freeland said on Monday.

"We know now is the time to invest in Canada and Canadians," Freeland told a press conference. "The responsible way to pay for those investments is to ask those at the top to contribute a little bit of money."

Freeland in April revealed a new tax... (continue reading...)


38 migrants killed after boat capsizes off Yemen, says local official Jun 10, 2024 02:35PM

(Reuters) - Thirty-eight migrants coming from the Horn of Africa were killed after their boat capsized off Yemen's Aden, a local official and witnesses said on Monday.

(Reporting by Mohammed Ghobari)


Embraer's Eve to raise funds as soon as July for flying taxi certification Jun 10, 2024 02:35PM

By Gabriel Araujo

SAO JOSE DOS CAMPOS, Brazil (Reuters) - Electric aircraft maker Eve expects to raise funds as early as next month to finance operations through the certification of its flying taxi in 2026, Chief Executive Johann Bordais told Reuters.

Eve, which is majority owned by Brazilian planemaker Embraer, has enough cash and borrowing facilities to fund operations through 2025, but the company forecasts certification and entry... (continue reading...)


Apple to use its own server chips for AI features Jun 10, 2024 02:24PM

(Reuters) - Apple will use its own server chips to help power artificial intelligence features on its devices, the company said at its annual developer conference on Monday.

(Reporting by Aditya Soni in Bengaluru; Editing by Sayantani Ghosh)


Global body reviewing allegations of discrimination by Canadian human rights commission Jun 10, 2024 02:21PM

By Anna Mehler Paperny

TORONTO (Reuters) - A United Nations-affiliated body is reviewing allegations Canada's human rights commission discriminated against Black and other employees and disproportionately dismissed race-based complaints, a move that could hinder Canada's ability to participate in U.N. human rights proceedings.

In a report published Friday, the Global Alliance of National Human Rights Institutions - which accredits... (continue reading...)


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