Tausi Insider

The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production. The price cap, to be enforced by the G7, the European Union and Australia, comes on top of the EU’s embargo on imports of Russian crude by sea and similar pledges by the United States, Canada, Japan and Britain. It allows Russian oil to be shipped to third-party countries using G7 and EU tankers, insurance companies and credit institutions, only if the cargo is bought at or below the price cap. Because the world’s key shipping and insurance firms are based in G7 countries, the cap could make it difficult for Moscow to sell its oil for a higher price. Russia, the world’s second-largest oil exporter, said on Sunday it would not accept the cap and would not sell oil that is subject to it, even if it has to cut production. The new price cap on Russian...

Photo : wavebreakmedia ( Shutterstock ) Many of us have been using iPhones since the beginning, and its “hidden” or “secret” features are things we’ve know about for ages. But every once in a while, I learn something new about iOS. This time , it’s a feature that lets you instantly measure someone with just your iPhone’s camera. This feature isn’t new , but it is only available on a select group of iPhones, specifically “Pro” models. If you have an iPhone 12 Pro, 12 Pro Max, 13 Pro, 13 Pro Max, 14 Pro, or 14 Pro Max, you have an instant people-measuring tool in your pocket. However, even if you have the most recent iPhone 14 or 14 Plus, you don’t. ( Weird how a brand-new iPhone doesn’t have a feature the two-year-old iPhone 12 Pro does.) How Li DAR works on iPhones Even if Apple wanted to add this feature to non-Pro iPhones, it likely couldn’t— the measure feature is hardware-based, relying on the LiDAR sensor built-into the cameras of the Pro iPhones. If you have one, you’ve lik...

Canadian economic activity expanded at a faster pace in November and a measure of price pressures cooled, Ivey Purchasing Managers Index (PMI) data showed on Tuesday. The seasonally adjusted index rose to 51.4 in November from 50.1 in October. The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada. A reading above 50 indicates an increase in activity. The gauge of employment dipped to an adjusted 54.3 from 54.6 in October, while the prices index was at 63.5, down from 69.8. The unadjusted PMI edged up to 51.5 from 51.4. https://www.tausiinsider.com/canadian-economic-activity-expanded-at-faster-pace-in-november-ivey-pmi-shows/?feed_id=330436&_unique_id=644b447454db2

People shop for shoes in a Nike store in New York, on Nov. 25. Julia Nikhinson/The Associated Press Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1 per cent in November from a year ago, the government said Tuesday. That was down sharply from 7.7 per cent in October and a recent peak of 9.1 per cent in June. It was the fifth straight decline. Measured from month to month, which gives a more up-to-date snapshot, the consumer price index inched up just 0.1 per cent. And so-called core inflation, which excludes volatile food and energy costs and which the Federal Reserve tracks closely, slowed to 6 per cent compared with a year earlier. From October to November, core prices rose 0.2 per cent – the mildest increase since August, 2021. All told, the latest figures provided the strongest evidence to date that inflation in the United State...

European Union governments and lawmakers reached a deal Sunday on key elements of the 27-nation bloc’s green deal, reforming the EU’s trading system for greenhouse gas emissions and creating a new hardship fund for those hardest-hit by measures to curb climate change. The two sides agreed to push European industries and energy companies to cut their emissions by speeding up the phase-out of free pollution vouchers. Doing so makes each ton of carbon dioxide that’s released into the atmosphere more expensive for polluters. The EU’s executive Commission said the measure would require European industries to reduce their emissions by 62% by 2030 from 2005 levels, compared to a target of 43% under the previous rules. To ensure a level playing field, the EU will also introduce a tax on foreign companies that want to import products which don’t meet climate-protection standards European companies have to comply with. The so-called Carbon Border Adjustment Mechanism was agreed to last week. G...

People shop for shoes in a Nike store in New York, on Nov. 25. Julia Nikhinson/The Associated Press Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1 per cent in November from a year ago, the government said Tuesday. That was down sharply from 7.7 per cent in October and a recent peak of 9.1 per cent in June. It was the fifth straight decline. Measured from month to month, which gives a more up-to-date snapshot, the consumer price index inched up just 0.1 per cent. And so-called core inflation, which excludes volatile food and energy costs and which the Federal Reserve tracks closely, slowed to 6 per cent compared with a year earlier. From October to November, core prices rose 0.2 per cent – the mildest increase since August, 2021. All told, the latest figures provided the strongest evidence to date that inflation in the United State...