Day: February 24, 2020

Teck Pulls Application for Oil-Sands Mine in Relief for Trudeau

(Bloomberg) — Teck Resources Ltd. is pulling its application for a controversial new oil-sands mine in Alberta, freeing Prime Minister Justin Trudeau from a political predicament.

The Vancouver-based company said in a statement late Sunday it is withdrawing its Frontier proposal from the regulatory process and plans to write down the project’s C$1.13 billion ($852 million) carrying value.

Teck’s decision not to proceed with the mine frees Trudeau from possibly the toughest test yet of his vow to balance developing Canada’s resources with fighting climate change. Rejecting the mine would have sparked widespread anger in Alberta, where the mine would

Coronavirus puts global economy recovery at risk, says IMF to G20

Global growth was poised for a modest rebound to 3.3% this year, up from 2.9% last year. (Reuters)

The deadly coronavirus epidemic could put an already fragile global economy recovery at risk, the IMF warned Sunday, as G20 financial chiefs discussed ways to contain its economic ripple effects. Global growth was poised for a modest rebound to 3.3 per cent this year, up from 2.9 per cent last year, International Monetary Fund chief Kristalina Georgieva said after a two-day meeting of G20 finance ministers and central bank governors in Riyadh.
“The projected recovery… is fragile,” Georgieva said. “The COVID-19 virus

Onida Fire: Decent-priced full HD TV with good sound, picture quality

The Onida Fire TV Edition is available in two models – 32-inch HD (Rs 12,999) and 43-inch Full HD (1080p), that carries a price tag of Rs 21,999.

Those in their forties and beyond will recall the Onida commercial with a memorable tagline, ‘Neighbour’s Envy, Owner’s Pride.’ Competition might have relegated the brand to the fringes, but the television set maker is making a concerted attempt to revive the old magic with its new innovation—Onida Fire TV Edition smart TVs. In partnership with Amazon, Onida has introduced a new generation of smart TVs featuring built-in Fire TV experience, including