IBT Staff Reporter

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TSX Breaks 7-day Winning Streak On Growth Worries

Canada's main stock index looked to break a seven-day winning streak on Tuesday, as prospects of aggressive monetary tightening by central banks stoked concerns of a global economic slowdown.
May 31, 2022

TSX Gives Back Monthly Gain As Resource Shares Slide

Canada's main stock snapped its recent winning streak on Tuesday, pressured by a drop in resource shares, as investors grew more nervous that central banks would hike interest rates aggressively to tame inflation.
May 31, 2022

Crisis-hit Sri Lanka Hikes Tax Rates To Maximise Govt Revenues

Sri Lanka's cash-strapped government on Tuesday announced a taxation overhaul to boost revenue amid the country's crippling economic crisis, hiking value added taxes and corporate income tax, and slashing the relief given to individual taxpayers.
May 31, 2022

Uvalde Begins To Bury Its Dead In Wake Of School Massacre

The grieving Texas town of Uvalde began laying to rest the 21 children and teachers shot to death at an elementary school one week ago, with funerals scheduled on Tuesday for a pair of slain 10-year-old girls as Governor Greg Abbott issued a disaster declaration for the city.
May 31, 2022

IATA Says Post-pandemic Airport Chaos Will Get Fixed

A top airline industry official called on Tuesday for calm surrounding recent travel chaos at some airports as people resume flying after the pandemic, blaming the gridlock on temporary delays in getting clearances for new staff.
May 31, 2022

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