Calgary Chef Launches App to Connect Food Businesses with Non-Profits
Amid record-high food bank usage across Canada, two Calgary entrepreneurs have introduced a new digital initiative to combat food waste. Sean Burton and Kenzie Bullock launched Mise: Family Meals, a program that facilitates the direct transfer of surplus food from local businesses to charitable organizations in need.
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Itlu Arjuna receives U/A certificate ahead of theatrical release
The Central Board of Film Certification has cleared director Mahesh Uppala’s Telugu romantic entertainer Itlu Arjuna for release with a U/A certificate.
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China's Factory Inflation Accelerates While Consumer Demand Stays Weak
China's producer prices rose 5.7% from a year earlier in October, the fastest increase since mid-2022, as expensive oil lifted costs in mining, chemicals and other energy-intensive industries. Consumer inflation slowed to 0.7%.
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US Adds 165,000 Jobs as Unemployment Falls to 4.1%
The US economy created 165,000 jobs in October, far above the 65,000 expected by economists, while unemployment edged down to 4.1%. Professional and business services led hiring, followed by healthcare, transport, warehousing and manufacturing.
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Bank of England Raises Interest Rate to 4% as Energy Risks Intensify
The Bank of England increased Bank Rate by 0.25 percentage points to 4% in an 8-1 vote. UK inflation reached 3.5% in September and is projected to climb toward 5% by mid-2027 as higher global energy costs reach household and company bills.
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Energy Costs Push OECD Inflation Up to 4.5%
Annual inflation across OECD economies rose to 4.5% in September from 4.3% in August, driven mainly by energy. Energy inflation reached 17.4%, while food inflation eased and underlying inflation remained broadly stable at 3.7%.
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OPEC Says Oil Output Is Near Prewar Levels Despite Shipping Disruptions
OPEC reported that oil production has moved close to levels seen before the Iran war, led by a sharp recovery in Saudi output even as regional shipping disruptions continue. The group left its broad demand and supply outlook largely unchanged.
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China's Trade Surplus Passes $1 Trillion as Technology Exports Surge
China recorded a trade surplus above $1 trillion for a second consecutive year, supported by strong exports of electronics, vehicles and other advanced manufactured products. October imports also rose as crude-oil shipments from the Gulf recovered.
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China's Singles' Day Exposes Persistent Consumer Caution
China's largest shopping festival again highlighted restrained household spending despite aggressive discounts. The economy grew 4.6% in January through September, but retail sales increased only 1.1% as the long property downturn continued to weigh on confidence.
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US Inflation Broadens as Fed Officials Consider Faster Rate Hikes
US inflation accelerated to 4% in October from 3.7% in September, with price increases spreading beyond fuel and tariff-sensitive goods into services such as healthcare, childcare, restaurants and hotels.
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