Bloomberg Canada’s budget deficit hit C$120.4 billion ($92 billion) in the three months through June, already more than double the largest yearly shortfall the country has ever run. Program expenses surged to C$167.9 billion, up 117% over the same time last year, as the government rolled out massive support for individuals and companies to mitigate the economic damage of the ...

Bloomberg Regulators signalled they would take a neutral stance on a new London license for Uber Technologies, offering a route for the ride hailing firm to continue to operate in its biggest European market. The London transport authority plans to leave final decision to a judge, an attorney for Uber said. The decision essentially mirrors the process through which Uber ...

Bloomberg The International Monetary Fund agreed to lend Ecuador $6.5 billion which will allow the nation to complete a bond restructuring plan and fund its 2020 budget. The deal will enable the exchange of $17.4 billion of debt to go ahead before the September 1 deadline. The country had agreed with bondholders that it would seek a new IMF deal, ...