Yahoo Finance Trial underway for Panama Papers, a case that changed that country's financial rules
Trial underway for Panama Papers, a case that changed that country's financial rules
Trial underway for Panama Papers, a case that changed that country's financial rules
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.
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
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.
An online campaign targeting Loblaw-owned stores is planning a month-long boycott starting May 1 to draw attention to the rising price of food.
Assault charges against two security guards who worked at a downtown Halifax bar have been withdrawn moments before their trial was supposed to get underway.Alexander Levy, 38, and Matthew Day, 33, were both charged in relation to an incident outside the Halifax Alehouse on Oct. 10, 2022. A customer was allegedly attacked by two bouncers and held in a choke hold after being kicked out of the bar. A Crown lawyer told Judge Kelly Serbu in Halifax provincial court on Tuesday they will not be procee
As he waits to testify in Donald Trump's hush money trial, Michael Cohen is discussing the proceedings on TikTok - which some experts say could hurt him in the courtroom.
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.
(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 BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire EconomyTreasuries Rally With Fed N
Novlett Robyn Williams was accused of failing repeatedly to comply with her sex offender notification requirements.
HALIFAX — A Nova Scotia judge received good news Tuesday during an update on the proposed sale of SaltWire Network Inc. and The Halifax Herald Ltd., two financially troubled companies that operate Atlantic Canada's largest newspaper chain. Those shepherding the restructuring process told Nova Scotia Supreme Court Justice John Keith that progress is being made toward securing a deal that could see all or part of the insolvent businesses sold to one or more bidders. "Everything has unfolded the wa
DETROIT (Reuters) -Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday. For now, General Motors, Ford and other automakers which struck deals last year to give customers access to the network said they are not changing their plans. Tesla's decision to open its network to rival EV manufacturers was hailed by U.S. President Joe Biden, and opened the door for Tesla to get federal subsidies to expand the reach of its North American Charging Standard (NACS) system.
(Reuters) -After 12 years and C$34 billion ($25 billion), Canada's Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets for the country's producers. Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many years, but TMX will nearly triple the flow of crude from landlocked Alberta to Canada's Pacific coast to 890,000 barrels per day (bpd). For Canada, the world's fourth-biggest oil producer, the additional pipeline capacity is set to boost crude prices, lift national gross domestic product and expand access to Asian oil markets.
While Yu becomes chairman, He Gang, the consumer business group's chief operating officer, will take over as the unit's CEO, the people said. Yu has headed Huawei's consumer unit, which includes its smartphone business, since 2012, a period marked by rapid growth, a hit from U.S. sanctions to the company's supply chain and more recently a rebound in sales. Yu's role as chairman of Huawei's smart car solutions business, a unit the company has said it intends to spin off into a new company, is unchanged, the person said.
SAN FRANCISCO (AP) — The U.S. Justice Department's double-barreled antitrust attack on Google's dominant search and Apple's trendsetting iPhone is reviving memories of the epic battle that hobbled Microsoft before it roared back to yet again become the world's most valuable company. The parallels to the Justice Department's landmark antitrust case in 1998 could provide a window into the potential breakthroughs that could be unleashed if regulators succeed in their attempts to crack down on Googl
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
(Reuters) -A utility owned by Warren Buffett's Berkshire Hathaway faces $30 billion of new claims blaming it for causing Oregon wildfires in 2020, nearly four times the maximum loss it had projected. One thousand victims filed claims against the PacifiCorp utility on Monday in a state court in Portland. The claimants were added to litigation where a jury last June ordered PacifiCorp to pay $90 million to 17 claimants for gross negligence over its failure to shut down power lines during a Labor Day windstorm.
Saving money or having the extra cash to spend as you wish can seem like a pipe dream in an era of economic uncertainty.
Starbucks' decaf-like start to the year continues into the second quarter.
Fast food at fine dining prices?