Bloomberg - Evening Briefing - Canada’s dirty secret

Prime Minister Justin Trudeau pitches Canada as a global climate leader, one that’s adopted ever-bolder climate targets and policies under his watch. But Canada’s greenhouse gas emissions tell an entirely different story. And it’s a dirty one at that—dirtier even than that of its carbon-spewing neighbor to the south.

Canada’s peers in the Group of Seven, or G-7, have managed to achieve economic growth while simultaneously cutting emissions. But Canada’s environmental commissioner says the country is struggling to bend the curve. Among the G-20 nations, Canada ranks behind only Saudi Arabia when it comes to per capita emissions. —David E. Rovella

China’s top technology overseer convened a series of emergency meetings with leading semiconductor companies, seeking to assess the damage from the Biden administration’s sweeping chip restrictions.

The US Internal Revenue Service has raised tax brackets and the standard deduction by about 7% to address high consumer prices. That’s the largest increase to the standard deduction since the tax system was first indexed to inflation in 1985.

Covid-19 shots should be added to the 2023 childhood and adult vaccination schedules, according to a panel of US health advisers.  Inoculation schedules are revised annually by the committee, and states usually incorporate its recommendations when establishing which shots kids must have to enter daycare and school. However, the states don’t have follow the experts’ advice.

Given the public humiliation she endured at the hands of Labour Party Leader Keir Starmer this week, brutal even by the standards of the House of Commons, Liz Truss’s resignation Thursday came as little surprise to many. Now a third Tory government in as many months is in the offing, after two imploded in quick succession thanks to scandal and self-inflicted financial calamity. One might think the Tories, facing a furious public and teetering economy said by some to resemble that of a developing nation, would want to put the people who did this to them in the rear-view mirror. You might be wrong.

Boris Johnson may be making a comeback Photographer: Hollie Adams/Bloomberg

It’s the middle managers who are reporting the highest levels of stress and anxiety and the worst work-life balance. A new poll claims that a record 43% of managers say they’re burned out, the highest of any job level. 

Snap reported its slowest quarterly sales growth ever, saying that a decline in advertising spending continues to drag on results. The maker of the Snapchat app said third-quarter sales increased 6% to $1.13 billion. Still, shares plunged more than 20%.

Two friends from high school had just gone into business selling guns when the Sandy Hook Elementary School massacre prompted state lawmakers there and elsewhere to try to ban so-called assault rifles. Meanwhile the gun that buyers wanted more than any other was the type the shooter used to murder 26 on Dec. 14, 2012: the AR-15-style semiautomatic rifle. For Edward Newman and Peter Morrisey, the crackdown that followed the mass killing of Connecticut children spelled opportunity for their Long Island gun company.

Dark Storm co-owner Edward Newman Photographer: Thomas Simonetti/Bloomberg

Bloomberg continues to track the global coronavirus pandemic. Click here for daily updates.

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The cruise industry may still be struggling to recover from the first years of the pandemic, but Royal Caribbean Cruises will soon begin taking reservations for its newest vessel. The Icon of the Seas will accommodate 5,610 passengers and 2,350 crew. At 250,800 gross tons, it will be the largest by that industry measure.

A rendering of the Icon of the Seas Source: Royal Caribbean Cruises Ltd.

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