Business And Finance

Why the falling oil price isn’t hurting markets

INVESTORS could easily get confused about the impact of oil-price rises on the economy and markets. The story seemed to be clear: high prices bad, low prices good. The two great oil shocks in the 1970s were unambiguously bad for Western economies—ushering in stagflation and transferring spending power to the oil-producing countries. In turn, low oil prices in the late ...

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Amazon takes aim at department stores with 'Prime Wardrobe'

Amazon is hoping to claim more territory once held by department stores, essentially placing a dressing room in your house. The company, which has been making a big push into selling clothes, is testing a new service that lets members of its Prime program try on styles before they put items on their charge card — at no upfront fee. ...

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Finland tests an unconditional basic income

JUHA JARVINEN, an unemployed young father in a village near Jurva, western Finland, brims with ideas for earning a living. “I’m an artist and entrepreneur. Sometimes I’m too active, I don’t have time to stop,” he says. He just agreed to paint the roofs of two neighbours’ houses. His old business, making decorative window frames, went bust a few years ...

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Complaints against America’s airlines are rising

LAST year, Bob Fornaro, the boss of Spirit Airlines, talked of the effort his firm had made to reduce the number of customer complaints. The ultra-low-cost carrier, dubbed the most hated airline in America by Bloomberg, had long been ranked as a primary purveyor of passenger pain, regularly propping up lists that rate airline service. Alas, Mr Fornaro’s efforts seem ...

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Canada's biggest cities move to regulate Airbnb, but it's no easy task

Following in the footsteps of major municipalities around the world, Canada’s biggest cities are getting closer to regulating Airbnb, the popular online service that allows homeowners to rent out part or all of their properties on a short-term basis. Toronto recently unveiled its proposed regulations on short-term rental services, of which Airbnb is the undisputed global leader. Vancouver has also proposed its own regulations, which ...

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CRTC bans cellphone unlocking fees, orders all new devices be unlocked

The era of having to pay cellular providers to unlock your cellphone will end this year. As of Dec. 1, cellphone customers can ask their provider to unlock their phones free of charge, the CRTC announced Thursday. At the same time, it said, all newly purchased mobile devices must be provided to customers unlocked. “It’s a big step forward,” said Rose Behar, senior reporter ...

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