Yahoo Finance Electricity Bills Are Going Up—and Show No Sign of Slowing
Utilities are spending heavily to ramp up their transmission infrastructure as electricity demand grows.
Utilities are spending heavily to ramp up their transmission infrastructure as electricity demand grows.
Chinese car makers are finding the road to succeeding in the EU slow and bumpy.
CALGARY — The long-awaited Trans Mountain pipeline expansion is complete and the Canada Energy Regulator has given the go-ahead for the project to open. The regulator said Tuesday it has approved the last remaining "leave to open" applications submitted by Trans Mountain Corp., the Crown corporation behind the project. Approval of these applications was required before the expanded pipeline could begin shipping oil. Also on Tuesday, Trans Mountain confirmed that Wednesday, May 1 will mark the co
(Reuters) -Reliance Industries has bought 2 million barrels of Canadian crude from Shell for July delivery, marking the Indian refiner's first oil purchase from Canada's new Trans Mountain pipeline, trade sources said. Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May. The Canadian government-owned pipeline expansion will nearly triple the flow of crude from Alberta to Canada's Pacific Coast and open up access to Asia and the U.S. West Coast. Shell will perform ship-to-ship transfers to move about four 500,000-barrel cargoes of Access Western Blend (AWB) onto a Very Large Crude Carrier and ship the oil to the Sikka port, the sources said, where Reliance operates the world's biggest refining complex.
STORY: Elon Musk looks to be doing more layoffs at Tesla. Reports by The Information on Tuesday (April 30) say he’s fired two top executives, and plans to get rid of hundreds more workers. Musk is said to be frustrated by falling sales, and the pace of earlier job cuts. The story quotes an email said to be from Musk. In it he says, “these actions are making it clear that we need to be absolutely hard core about headcount”. In an apparent warning to managers, he says “while some on exec staff are taking this seriously, most are not yet doing so”. There was no immediate response to a Reuters request for comment. It all follows a move earlier this month to shed some 10% of the company’s workforce. Tesla is grappling with falling sales and an intensifying price war which it started. Reporting earnings last week, it said all that led to its first quarterly drop in revenue since 2020. Musk this weekend made a surprise visit to China, the epicenter of the price battle. There he made progress on rolling out the brand’s advanced driver assistance features in the country. However, Tesla faces fierce competition from local makers like BYD in what is now the world’s biggest car market.
About 300 people have joined a $9.5-million class action lawsuit against the Calgary Stampede, which admitted negligence after a serial sexual abuser worked for decades with teenage performers from the Young Canadians, a judge heard Tuesday. Lawyers for the claimants and Stampede were in court Tuesday to update Court of King's Bench Justice Paul Jeffrey on how the funds will be distributed and to work out details of a plan to notify all potential class members of an upcoming settlement approval
It's time for your second act.
Canada’s workforce is older than it has ever been, and many are surprised to learn they could lose access to short- and long-term disability insurance the day they turn 65.
Waiting until age 70 to claim Canada Pension Plan would more than double pension payments
TC Energy is a blue-chip dividend stock that is positioned to grow its payouts in the near term. But is TRP stock a good buy? The post A Dividend Giant I’d Buy Over TC Energy Stock appeared first on The Motley Fool Canada.
BEIJING (AP) — Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla's operations in China as a successful example of economic cooperation, China's state broadcaster CCTV said on its main evening news program. For China, Musk is a welcom
German engineering company BAUCH makes machines and engine components out of materials mined in China, Africa or South America that pass through multiple hands and processes before they reach its factories in southern Germany and China. To comply with Germany's new Supply Chain Act, BAUCH, like other firms with more than 1,000 staff, must take due diligence procedures to monitor suppliers' human rights and environmental protection standards - a task which CEO Manfred Bauch says is almost impossible and threatens to rip apart his supply chain.
On Friday, King Yuan Electronics Co., a Taiwan-based chip testing firm, announced that it was selling its mainland China-based operations, citing geopolitics.
Walmart announced the launch of bettergoods its own private food brand with several category pillars. Here's what to know.
(Bloomberg) -- Huawei Technologies Co.’s profit rose for the fourth consecutive quarter, a sign the Chinese tech company is taking market share from Apple Inc. and other smartphone rivals. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYC Police Break Up Columbia Protest and Clashes Erupt at UCLAAmazon Posts Strongest Cloud Sales Growth in a Year on AI DemandPot Stocks Surge on Report DEA Set to Reclassify MarijuanaBinance Founder Changpeng Zhao Gets Four Month
For the first time in eight years, Canada imported more electricity from the U.S. than it exported amid prolonged dry conditions that have reduced hydroelectric power generation. Statistics Canada says electricity generation in Canada totalled 53.6 million megawatt-hours (MWh) in February, down 4.9 per cent from the same month last year, as average daily generation was 8.2 per cent lower year-over-year. Canada imported 2.7 million MWh of electricity from the U.S. that month, slightly more than t
(Bloomberg) -- Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesYen Sparks Int
TORONTO — Hudson's Bay Co. has announced layoffs as part of a "realignment" of its organizational structure. The company says fewer than 100 people are affected, representing less than one per cent of its workforce. It says the organization is "right-sizing" to the ensure the long-term success of its business, citing pressures in the Canadian retail sector. The move comes almost exactly a year after Hudson's Bay laid off 250 people in corporate roles. It was the company's second round of cutback
NEW YORK (AP) — It's never fun to be scammed, but if you're a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit. Plenty of types of scams exist, but a few affect small businesses the most. According to the Federal Trade Commission, small businesses should be on the lookout for phony invoices and unordered merchandise. Scammers send out fake invoices and hope businesses won't notice. Similarly, scammers call saying t
McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales. Global comparable sales growth slid for the fourth straight quarter to 1.9%, with the company saying consumers turned "more discriminating with every dollar they spend". "Consumer is certainly being very discriminating in how they spend their dollar ... I think it's important to recognize that all income cohorts are seeking value," McDonald's CEO Chris Kempczinski said on a post-earnings call.
Operators drilling for oil in Texas are scrambling to dispose of excess natural gas amid a supply glut and weak prices, prompting a sharp rise in flaring requests. The Railroad Commission of Texas (RRC), which regulates the state's oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in the Permian and Eagle Ford shale fields, to flare, more than four times the level it approved this time last year. Flaring, the burning of unwanted gas, has come under greater regulatory scrutiny in recent as environmental groups and climate activists seek to clamp down on the practice that releases greenhouse gases.