Bloomberg Justin Trudeau’s special immigration initiative for Hong Kong residents received more applications than expected in its first three weeks, according to a spokesperson for Canada’s immigration minister. From February 8 to 28, 524 people applied for a three-year open work permit designed for young, educated individuals from the former British colony. It also expedites their eligibility to apply for ...

Bloomberg The Philippines is bracing for destructive winds and intense rains as Typhoon Surigae rapidly intensifies. The typhoon locally known as Bising is moving west northwest over the Philippine sea, packing maximum winds of 175 kilometres (109 miles) per hour and gusts of up to 215 kilometres per hour, the weather bureau said on Saturday. Flooding and rain-induced landslides may ...

Bloomberg The US government piled trillions of dollars of emergency funds into Americans’ accounts during the pandemic. That’s boosting the bottom lines of the banks that store their cash. Lending giants reported blockbuster profits this week, in part because stimulus payments have helped consumers bounce back from the Covid-19 crisis and prevented more severe economic damage. The emergency funds helped ...