Corporate plan to buy and rent family homes an inevitable step for capitalism

The business of owning and renting out homes has a long history in Canada and around the world. But in the current era of house envy, plans to corporatize single-family rentals have sparked a backlash.A Toronto poster objecting to densification of an urban neighbourhood. Real estate experts say buying to rent in the big city…

Asia Pacific renewable investments to double to $1.3 trillion by 2030

Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by about 25 per cent to $54 billion annually, according to Wood Mackenzie.  "Asia Pacific power generation investments are leading the world and expected to hit $2.4…

Extend tenure of import loans

The Chittagong Chamber of Commerce and Industry has urged the central bank to extend the tenure of post-import financing (PIF) to keep the market stable and ensure a smooth supply of consumer goods during the pandemic. The PIF is given to help importers pay for imported goods. For all latest news, follow The Daily Star's…

US financial system in good shape: Regulators tell Biden

Financial regulators assured President Joe Biden on Monday that the US financial system is in good shape and that financial risks are being mitigated by strong liquidity in the banking system, the White House said. White House officials said Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, and acting Comptroller of the Currency Michael…