News

Canada’s proposed foreign investment ban

Published

2 years ago

April 8, 2022

Canada has proposed a new law that would ban foreigners from buying homes within the country

Canada is on track to ban most foreigners from buying a house for two years and provide billions of dollars to spur construction activity in an attempt to cool off what reports claim as a “surging real-estate market.”

Under proposals by the nation’s prime minister Justin Trudeau, the ban would be imposed to stop foreigners from buying a residential property over the next 2 years.

The plans are in response to the ongoing affordability crisis of homes, with the cost of a new home rising by as much as 20 percent in the past few months, and over 50 percent over the last two years.

Buyers are reportedly buying now as interest rates are set to rise now that the world is moving past COVID.

According to government sources, the foreign-buyer ban won’t apply to students, foreign workers or foreign citizens who are permanent residents of Canada.

The Prime Minister remains committed to tackle housing affordability within Canada, addressing the issue with “priority.”

News

President Biden signs TikTok bill – what’s next?

Published

6 hours ago

April 26, 2024

ticker NEWS

TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

News

Threading the needle: Meta’s new platform finally dethrones X

Published

8 hours ago

April 26, 2024

ticker NEWS

Threads, the social media platform owned by Meta, is gaining traction with a surge in daily active users, outpacing X in the U.S.

With Threads averaging 28 million daily active users compared to X’s 22 million, Meta’s ambitions to reach a billion users seem within reach despite a slowdown in growth. While X still boasts 550 million monthly active users globally, Threads’ focus on user experience and avoidance of real-time and political content could position it as a formidable competitor moving forward.

News

Zendaya is serving in saucy sports drama “Challengers”

Published

8 hours ago

April 26, 2024

ticker NEWS

This weekend’s entertainment lineup has something for everyone.

Apple TV+ brings “Sugar,” a drama set in New York City, while “Civil War” offers historical intensity.

“Challengers” with Zendaya brings a saucy sport drama to life, and superhero buffs can catch the trailer for “Deadpool and Wolverine” for action-packed fun.

With options spanning drama, history, reality, and superheroes, there’s excitement in store for all this weekend.