More people are going broke in Canada as interest rates rise

Toronto: An increasing number of Canadians can’t meet their financial obligations, another sign rising borrowing costs are taking a toll on household balance sheets. The number of consumers seeking debt relief jumped 5.1 per cent to 11,320 in November from a year earlier, the Ottawa-based Office of the Superintendent of Bankruptcy reported on Jan. 4. […]

US-China trade talks continue for a second day, few details -source

BEIJING: The United States and China extended trade talks late into a second day in Beijing on Tuesday, a source with knowledge of the meetings said, as the world’s two largest economies looked to resolve a bitter trade dispute. The source confirmed to Reuters that the talks were “ongoing,” but few other details had emerged. […]

Ghosn rejects allegations in his first public court hearing

Tokyo: Former Nissan Motor Co. Chairman Carlos Ghosn rejected prosecutors’ claims of financial wrongdoing and pledged his loyalty to the company he led for more than a decade, as the fallen car titan faces an extended detention following his shock arrest in Japan almost two months ago. “I have been wrongly accused and unfairly detained […]