Oil Edges Up While Cloudy Outlook Keeps Prices Locked in Range

CBC
Seafood chain Red Lobster will ask Canadian court to enforce U.S. bankruptcy in Canada
Days after Red Lobster filed for Chapter 11 bankruptcy and announced that it would close dozens of its seafood restaurants, the chain's Canadian counterpart will ask a Canadian court to enforce the U.S. bankruptcy in Canada, CBC News has learned.An application will be brought before the Ontario Superior Court of Justice on May 28 to have the U.S. bankruptcy recognized and enforced in Canada, Canadian counsel Linc Rogers confirmed to CBC News on Thursday.Red Lobster Canada, Inc., a Delaware-incor
Reuters
China's food security dream faces land, soil and water woes
China, the world's biggest agriculture importer, has set targets to drastically reduce its reliance on overseas buying over the coming decade in line with its push for food security, but they will be exceedingly difficult to meet, experts say. With limited land and water, China will have to sharply increase farming productivity through technology, including genetically modified crops, and expand area under cultivation to meet Beijing's 10-year projections. Cutting the country's imports would be a blow to producers from the U.S. to Brazil and Indonesia, who have expanded capacity to meet demand from China's 1.4 billion people, the world's largest market for soybeans, meat and grains.
Global News
London Drugs 'unwilling and unable' to pay ransom demanded by hackers
London Drugs says it is "unwilling and unable" to pay the $25 million ransom demanded by cybercriminals who breached the Western Canadian pharmacy and retailer's computer systems in April, which prompted the company to close all of its 79 stores for several days. Heather Yourex-West explains what this could mean for London Drugs' staff and customers.
South China Morning Post
Taiwan's prized semiconductors not unbreakable 'silicon shield' they once were as mainland China, West develop own bargaining chips
A sharp decline in Taiwan's ties with mainland China could extend to the very devices being used to transmit and read this story. The far-reaching implications from what has been a geopolitical tug of war are ultimately likely to bolster mainland China's standing as a dominant supplier of older-model semiconductors while ramping up the need for Western allies to rely more on themselves for cutting-edge chips - a scenario that industry insiders say threatens to erode Taiwan's formidable "silicon
Bloomberg
China Hints at 25% Car Tariff as Deadline for EU Probe Looms
(Bloomberg) -- China signaled it’s ready to unleash tariffs as high as 25% on imported cars with large engines, as trade tensions escalate with the US and European Union.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Rallies Anew After Rosy Forecast Shows AI Boom Is StrongCiti Trader Got 711 Warning Messages Before Sparking Flash CrashOne Dead After Singapore Air Flight Hit By Severe TurbulenceThe China Chamber of Commerce to the EU said it was informed abo
The Canadian Press
Employers rethink value of employee connections in era of remote work: report
TORONTO — The rise of remote work has led to a loss of workplace social connections that is negatively affecting employees, a new report suggests.
HuffPost
Smartmatic Accuses Newsmax Of 'Cover-Up' In Lawsuit Over 2020 Election Lies
The voting software company filed a defamation lawsuit against the right-wing network in 2021.
Reuters
European automakers need time, not tariffs, to fend off China competition
MUNICH (Reuters) -Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo, industry executives said during a Reuters event. European trade regulators in Brussels have said they could levy new tariffs on Chinese electric vehicles based on the results of an investigation into Chinese government subsidies. European Commission President Ursula von der Leyen on Tuesday said that Europe would take a "tailored approach" to its investigation and any potential duties imposed will be "correspondent to the level of damage".
Business Insider
The world's top chipmakers can flip a 'kill switch' should China invade Taiwan, Bloomberg reports
Chip giants ASML and TSMC have a remote shutdown option for their advanced EUV chipmaking machines, Bloomberg reported.
SmartAsset
How Long Will $250,000 Last in Retirement?
If $1 million will afford you a comfortable retirement, how far would a quarter of that amount go? It might surprise you to know you can make $250,000 last for decades in retirement. While you'll need a detailed plan and … Continue reading → The post How Long Will $250,000 Last in Retirement? appeared first on SmartAsset Blog.
Business Insider
Chevy's risky plan for EV dominance: Flood the zone as competitors pull back
Chevrolet is flooding the EV market with new models even as industry-wide sales hit a plateau.
The Canadian Press
Hackers release corporate data stolen from London Drugs, company says
RICHMOND, B.C. — Retailer London Drugs says cybercriminals who stole files from its corporate head office last month have released some of the data after it refused to pay a ransom.
The Canadian Press
Indigenous CBC employee's discrimination claims to be heard by human-rights tribunal
OTTAWA — An Indigenous employee with the Canadian Broadcasting Corp. is taking up the fight against what he describes as systemic racism by his employer. Richard Agecoutay, 61, has been granted a human-rights hearing over claims of discrimination at the public broadcaster, where he's worked since 2001. It's an effort to knock down barriers for others, he said in an interview. "You don't have to suffer systemic racism or racism in the workplace. You have avenues to pursue it." Agecoutay, a videog
The Canadian Press
Quebecor wants Ottawa to stop Loblaw from offering only Rogers, Bell phone products
The chief executive of Quebecor Inc. is urging Ottawa to intervene in what he calls an "anticompetitive" deal between Loblaw Cos. Ltd. and telecommunications services retailer Glentel that would end Freedom Mobile's presence at its supermarket kiosks.
GOBankingRates
14 Signs Your Retirement Nest Egg May Not Be Enough Money
Nobody wants to find themselves broke in retirement, when you are at your most vulnerable and have less energy and possibly less health to focus on earning income. Yet it does happen that you discover...
The Canadian Press
WestJet planning new fare category for travellers willing to forgo carry-on bag
CALGARY — WestJet Airlines plans to launch a new cheaper fare category that would be available to travellers willing to fly without a carry-on bag.
Yahoo Finance
EU automakers slip as China threatens retaliatory tariffs on luxury cars
The Chinese government threatened retaliatory tariffs on imports of European Union and US-made vehicles following the EU’s move to investigate Chinese EV subsidies and the White House’s tariff escalation on Chinese-made goods.
The Canadian Press
Imperial starts production at new oilsands project using lower-emissions technology
CALGARY — Imperial Oil Ltd. says it has started production at its new Grand Rapids oilsands project located at its Cold Lake operating site.
GOBankingRates
4 Things You Didn’t Know About Living Abroad and Saving For Retirement
Living overseas is an enriching experience that you can't put a price tag on, though you'd still be wise to pay close attention to the financial implications. One thing you'll quickly learn is that...
Insider Monkey
The Country with Lowest Car Ownership Rate in the World
In this article, we will take a look at the 30 countries with lowest car ownership rates in the world. If you are up for the challenge, you can see the 30 Countries with the lowest car rates in the world here. Car Ownership in the US: At a Glance On March 28, Forbes reported […]

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Oil Edges Up While Cloudy Outlook Keeps Prices Locked in Range

Oil Edges Up While Cloudy Outlook Keeps Prices Locked in Range

Latest Stories

Seafood chain Red Lobster will ask Canadian court to enforce U.S. bankruptcy in Canada

China's food security dream faces land, soil and water woes

London Drugs 'unwilling and unable' to pay ransom demanded by hackers

Taiwan's prized semiconductors not unbreakable 'silicon shield' they once were as mainland China, West develop own bargaining chips

China Hints at 25% Car Tariff as Deadline for EU Probe Looms

Employers rethink value of employee connections in era of remote work: report

Smartmatic Accuses Newsmax Of 'Cover-Up' In Lawsuit Over 2020 Election Lies

European automakers need time, not tariffs, to fend off China competition

The world's top chipmakers can flip a 'kill switch' should China invade Taiwan, Bloomberg reports

How Long Will $250,000 Last in Retirement?

Chevy's risky plan for EV dominance: Flood the zone as competitors pull back

Hackers release corporate data stolen from London Drugs, company says

Indigenous CBC employee's discrimination claims to be heard by human-rights tribunal

Quebecor wants Ottawa to stop Loblaw from offering only Rogers, Bell phone products

14 Signs Your Retirement Nest Egg May Not Be Enough Money

WestJet planning new fare category for travellers willing to forgo carry-on bag

EU automakers slip as China threatens retaliatory tariffs on luxury cars

Imperial starts production at new oilsands project using lower-emissions technology

4 Things You Didn’t Know About Living Abroad and Saving For Retirement

The Country with Lowest Car Ownership Rate in the World