Three projected victories are a message to US that Carney has support of the Canadian people, says one lawmaker
Canada’s ruling Liberal party has swept three special elections, a result that showed voters backing the prime minister, Mark Carney, after his face-off with Donald Trump.
The Canadian Press, Canada’s national news agency, projected Liberal victories in Chicoutimi-Le Fjord in Quebec, Beaches-East York in Toronto and North Vancouver-Capilano in British Columbia.
Continue reading...Hong Kong flotation at $26bn by firm once valued at $100bn follows failure to list in US and UK
Shares in the fast-fashion brand Shein slumped by as much as 10% as the China-founded company made its long-anticipated trading debut on the Hong Kong stock exchange.
The Singapore-headquartered company, once valued at almost $100bn (£74bn), went public on Tuesday pricing shares at HK$48.56, valuing the business at just over $26bn.
Continue reading...City council emphasises economic case for Madring amid local outrage over disruption and environmental impact
Opponents of Madrid’s newly constructed Formula One circuit have accused the regional authorities of putting profit before people’s wellbeing after tests for the inaugural Spanish Grand Prix at the track later this month yielded noise levels that were many times the legal decibel limit.
The regional government of Madrid and the city council are hoping that the 5.4km-long (3.3 miles) Madring circuit – which has been built in the north-east of the Spanish capital at a cost of €83m (£71m) – will attract visitors, boost the local economy and put the city firmly on the motor racing map. The Madring bills itself as “a perfectly connected circuit: just 20 minutes from the city centre”.
Continue reading...A yes to membership would have given Brussels a boost but Icelanders have not voted to isolate themselves
Iceland’s 52.8% to 47.2% vote against reopening EU accession talks is, undeniably, a blow for Brussels. But claiming it as a Brexit-style victory for “national sovereignty” or evidence of broad rejection of the EU misrepresents the reality of the island’s relationship with the bloc.
For the EU, Iceland was a dream candidate: small, stable, prosperous and strategically located in an increasingly contested Arctic. Eager as it is to wield more geopolitical clout and revive flagging momentum around enlargement, a vote in favour would have given Brussels a very welcome boost.
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