By Reuters Staff
2 Min Read
OTTAWA, May 13 (Reuters) - The Bank of Canada said on Thursday that some of the monetary policy tools it is using to address the COVID-19 pandemic, such as quantitative easing (QE), could widen wealth inequality and that it was looking closely at the issue.
Governor Tiff Macklem, speaking to university students in Atlantic Canada by videoconference, said that while the QE program stimulated demand and helped create jobs, it was also boosting wealth by inflating the value of assets.
“But of course, these assets aren’t distributed evenly across society. As a result, QE can widen wealth inequality,” he said. “We will look closely at the outcomes of QE here and elsewhere and will work to more fully understand its impact on both income and wealth inequality.”
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THE HAGUE, Netherlands (Reuters) - Individuals involved in a new eruption of Israeli-Palestinian bloodshed may be targeted by an International Criminal Court investigation now under way into alleged war crimes in earlier bouts of the conflict, its top prosecutor said in an interview.
FILE PHOTO: Public Prosecutor Fatou Bensouda attends the trial of Congolese warlord Bosco Ntaganda at the ICC (International Criminal Court) in the Hague, the Netherlands August 28, 2018. Bas Czerwinski/Pool via REUTERS
The ICC’s Fatou Bensouda told Reuters she would press ahead with her inquiry even without the cooperation of Israel, which accuses her office of anti-Semitic bias and - like its closest ally the United States - rejected membership in the treaty-based court, objecting to its jurisdiction.Israel and Palestinian Islamist groups plunged this week into their fiercest round of fighting since 2014, with punishing Israeli air strikes on Gaza and militants based in the densely popu
By Reuters Staff
1 Min Read
FILE PHOTO: Former Minneapolis police officers (clockwise from top left) Derek Chauvin, Tou Thao, Thomas Lane and J. Alexander Kueng pose in a combination of booking photographs from the Minnesota Department of Corrections and Hennepin County Jail in Minneapolis, Minnesota, U.S. Minnesota Department of Corrections and Hennepin County Sheriff s Office/Handout via REUTERS.
(Reuters) - A judge has postponed the trial for three former Minneapolis police officers charged with aiding and abetting in the death of George Floyd, the Associated Press reported Thursday.
The trial, which was set for August, was pushed to March 2022.
By Reuters Staff
2 Min Read
SOFIA (Reuters) - Bulgaria’s incoming interim government on Wednesday ruled out any change in the country’s veto on the launch of European Union accession talks with North Macedonia.
Last November Bulgaria blocked the official start of the accession talks with its smaller Balkan neighbour due to disputes over history and language. Sofia has also accused Skopje of hate speech and failure to implement a 2017 bilateral friendship treaty.
“Bulgaria’s framework position (on the issue) was accepted by consensus among all political parties in the Bulgarian parliament. As an interim government, we have no authorisation to change that,” the new foreign minister, Svetlan Stoev, told reporters.
Myanmar security forces fired shots and arrested about 30 people at an anti-coup rally in the country's second-biggest city on Wednesday, witnesses said, as protesters kept defying a months-long crackdown by a junta struggling to impose order.