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UK, Canada reach stopgap deal to avoid tariffs

Bloomberg The UK and Canada reached a temporary agreement to prevent tariffs on goods and services between the two countries starting on January 1, when the UK will no longer be covered by Canada’s trade deal with the European Union. In a statement by the Canadian foreign affairs ministry, the governments said they agreed to continue giving each other’s products ...

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US shoppers favour websites over stores ahead of Christmas

Bloomberg American shoppers shunned stores and extended their online binge during the last weekend before Christmas, adding to a package-delivery logjam that’s now reaching a crescendo. There’s “a lot of stuff all hitting at once,” said Craig Johnson, president of Customer Growth Partners. “I think it’s past the time for creative. They have to charge people extra to get it ...

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Rupee, bonds joining stocks rally may add to India’s policy woes

Bloomberg Indian debt and rupee may lure overseas investors in 2021, just like the nation’s equities with one caveat: the central bank will face more challenges in curbing the local currency’s gains against the greenback. Stocks have already attracted the biggest yearly inflows since 2012, adding to the woes for the Reserve Bank of India (RBI) that has been buying ...

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