Tourism businesses pushed Prime Minister Justin Trudeau to relax stringent Canadian border rules in time to salvage the summer travel season, calling for a nationwide plan to reopen the country as the Covid-19 pandemic eases, Bloomberg News reported. The Tourism Industry Association of Canada, the National Airlines Council of Canada and other business groups lambasted the government’s lack of clarity over future travel rules, even as vaccination rates climb rapidly.

Centerra Gold Inc. could part ways with Kyrgyzstan’s government over its seized flagship mine in the Central Asian nation, but the company’s top executive would like to discuss it first, Bloomberg News reported. Relations between Centerra and the Kyrgyz Republic have soured so much since the government took control of Kumtor gold mine that it would be difficult to go back to the way things were, said Chief Executive Officer Scott Perry.

The U.S. and Europe are expected to announce a five-year suspension of tariffs in their 17-year-old dispute over aircraft subsidies on Tuesday, allowing them to focus on the threat posed by China’s nascent commercial aircraft industry, Reuters reported. A deal to pause the world's largest corporate trade dispute would help U.S. planemaker Boeing (BA.N) and Europe's Airbus (AIR.PA), while granting relief to dozens of other industries affected by tit-for-tat tariffs that were suspended in March. They face a renewed trade war within weeks if there is no progress. U.S.

Indorama Ventures Ltd (IVL) has competed the acquisition of the recycled polyethylene terephthalic (R-PET) assets of CarbonLite Holdings and its subsidiaries in Dallas, Texas, the Thailand-listed producer said today, ICIS.com reported. IVL has completed all formalities with regards to the acquisition "and has taken charge of the plant effective from 11 June 2021", it said in a filing to the Stock Exchange of Thailand. IVL won a $63.8m bid for CarbonLite's Dallas rPET facility during a May 24 auction. CarbonLite in March this year filed for chapter 11 protection in the U.S.

Costa Rican authorities executed dozens of searches and arrests Monday as part of a sprawling public corruption investigation centered on the awarding of road construction and maintenance contracts, the Associated Press reported. Walter Espinoza, director of the Judicial Investigation Organization, said it was one of the most impactful public corruption investigations ever. With bribes ranging from vehicles to properties, cash and personal favors, a group of private companies ensured that public officials helped them win and pad government contracts, Espinoza said. At 7 a.m.

El Salvador’s adoption of Bitcoin as legal tender may imply a series of risks and regulatory challenges, International Monetary Fund spokesman Gerry Rice said on Thursday, Bloomberg News reported. “Adoption of Bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis so we are following developments closely and will continue our consultation with authorities,” Rice said, speaking in Washington.

President Biden and British Prime Minister Boris Johnson pledged to counter the influence of autocratic states during their first in-person meeting on Thursday and looked to smooth over disagreements regarding a complex arrangement to manage trade and preserve peace in Northern Ireland after Brexit, the Wall Street Journal reported. Ahead of the Group of Seven meeting this week, the two leaders backed a wide-ranging document that charts a path forward from a global pandemic that has killed millions, as the virus continues spreading in some parts of the world.

The Bank of Canada said on Thursday that inflation could remain higher than projected if supply imbalances and pressures on capacity persist, which might lead it to reduce stimulus more quickly than currently expected, Reuters reported. When asked during a news conference if above-target inflation could be a sign there is less slack in the economy than the central bank is projecting, Deputy Governor Tim Lane said it was a “certainly a possibility.” Inflation hit 3.4% in April, its fastest pace in a decade, mostly due to base-year effects and high commodity prices.

El Salvador passed a new law on Wednesday that would make the small Central American country the world’s first to deem bitcoin legal tender, a move that analysts say risks putting its economy at the mercy of the digital currency’s sharp swings, the Wall Street Journal reported. The designation allows bitcoin, the world’s largest cryptocurrency by market value, to be used to buy goods and pay taxes and bank loans. Businesses would be required to accept bitcoin for payment, with the bitcoin-dollar exchange rate set by the market.

A surge in mortgage borrowing is pushing consumer debt loads higher in Canada despite falling credit card use, as households plow more money into their homes while spending less on everything else, Bloomberg News reported. New mortgage borrowing rose 41% in the first quarter compared to the same period in 2020, when the pandemic began, according to a release Tuesday from consumer credit reporting firm Equifax Inc. The average limit on new mortgages -- the amount for which borrowers were approved -- jumped more than 20% to C$326,930 ($270,490).