Bloomberg Canada’s labour market beat expectations in December, a strong end to a record year for employment gains. Employment rises 54,700 last month, Statistics Canada reported in Ottawa. That’s more than double the 25,000 gain economists were predicting in a Bloomberg survey. Full-time jobs actually surged by 123,000, as many part-time workers shifted to more permanent employment — another ...

  Bloomberg Germany suffered its costliest natural disaster on record last year, as flash floods led to damages that vastly exceeded the amount covered by insurers. Torrential rainfall that devastated parts of western Germany in July 2021 cost Europe’s biggest economy $40 billion, according to a Munich Re report. Roughly a quarter of that will be met by the insurance ...

  Bloomberg The New York Times Co agreed to buy the Athletic, acquiring a sports-news website with more than 1 million subscribers. The newspaper publisher is paying $550 million for the Athletic, which will remain a standalone product, Times Chief Executive Officer Meredith Kopit Levien said in a statement. The deal is expected to close by the end of March. ...