The Dali containership stuck under Baltimore’s collapsed Francis Scott Key Bridge may remain in place for weeks, blocking shipping at one of the U.S.'s busiest ports. Here’s what that means for major industry supply chains.
Fraud alleged to have impacted upwards of 500 public companies, according to Securities and Exchange Commission
The campaign to boycott Loblaw stores has officially kicked off, but will Canadians stop shopping at the grocery giant's various banners — including the Real Canadian Superstore, Shoppers Drug Mart, No Frills, T&T, Zehrs, Provigo, and Dominion? Anne Gaviola explains what's prompted the boycott, and whether it will have a meaningful impact.
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."
(Bloomberg) -- The Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of massive fraud affecting hundreds of companies and more than 1,500 regulatory filings.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventTrump Auditions VP Picks Before Wealthy Donors in Palm BeachTurkey Confirms All Trade Halt W
Red Lobster, the poster child for American seafood, was dragged down by corporate mismanagement, competition and consumer shifts.
Canadians frustrated with rising groceries prices have pledged to boycott Loblaw-owned stores for the month of May. On the same day it was set to begin, Canada's largest grocer reported a nearly 10 per cent increase in profits.
(Bloomberg) -- After years of skepticism, criticism and trader furore, the world’s most important oil price is working better than ever thanks to an infusion of crude from west Texas.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies on Upbeat Forecast, Record-Setting BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesTrump Auditions VP Picks Before Wealthy Donors in Palm
CALGARY — Canadian pipeline operator TC Energy Corp. achieved record deliveries on its natural gas pipeline systems in the first quarter, thanks to booming North American electricity demand. The Calgary-based company said Friday its comparable earnings from its Canada, U.S. and Mexico natural gas segments amounted to $2.37 billion in the first three months of 2024, up from $2.18 billion in the same period of 2023. The company said deliveries on its NGTL system, which transports natural gas from
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
58% would choose to pay more for items and services to support a small business
PARIS (Reuters) -French government efforts to slow an influx of Chinese-made electric vehicles are bearing fruit, industry data show, highlighting one of the most sensitive trade issues when China's president visits next week. A surge in imports of Chinese electric cars into Europe has triggered EU tariff threats, which are expected to be a bone of contention when President Emmanuel Macron hosts his Chinese counterpart for a state visit on Monday. France did not wait for a European Union decision on implementing tariffs, instead redesigning its cash bonus scheme in December to exclude the purchase of models made in China, which had rapidly gained market share.
The CEO of Canadian miner Hudbay Minerals said BHP Group's $39 billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines. Hudbay expects to launch a formal sale process for a minority stake in its Arizona Copper World project in the United States later this year after already holding talks with companies. BHP offered to buy Anglo last week, though Anglo rejected the proposal that would create the world's biggest copper miner, saying it undervalues the company.
Employees at Canada's two biggest railways have authorized a strike that could see thousands of workers walk off the job in three weeks if they are unable to reach new deals on contract demands. About 6,000 employees at Canadian National Railway Co. and 3,300 at Canadian Pacific Kansas City Ltd. voted more than 97 per cent in favour of a strike mandate this week, the Teamsters Canada Rail Conference said Wednesday. “After six months of negotiations with both companies, we are no closer to reachi
A U.S. appeals court on Wednesday said a lawsuit filed by 21 young people claiming the U.S. government's energy policies violate their rights to be protected from climate change must be dismissed, this time for good. A three-judge panel of the San Francisco-based 9th U.S. Circuit Court of Appeals said in a five-page order that the case should have been dismissed after the court first weighed in on the matter in 2020, when it said courts could not mandate broad policy changes that are better left to Congress and the executive branch. While the young plaintiffs have since trimmed the lawsuit to seek only a declaration that their rights have been violated, the 9th Circuit said lawsuits must address harms that can be remedied by courts and such a declaration would not directly help the plaintiffs.
(Bloomberg) -- When Berkshire Hathaway Inc. devotees gather in Omaha on Saturday for its annual meeting, there will be a noticeable void on stage.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTurkey Halts All Trade With Israel Over War in GazaThe meeting is Berkshire’s first si
These days, Bruce Woodrow gets most of his groceries at one of two places: Costco, and a small grocery co-operative nestled in an alley in the heart of Toronto. The retired lawyer — along with many Canadians over the past couple of years — had been growing more concerned with the grocery industry and the profits it was turning as food prices climbed. Woodrow joined Karma Co-op as a member last spring and now volunteers on the store's finance committee. "The money, I know, is going to make an ope
The rate of businesses in the U.S. using AI is still relatively small but growing rapidly, with firms in information technology, and in locations like Colorado and the District of Columbia, leading the way, according to a new paper from U.S. Census Bureau researchers. Overall use of AI tools by firms in the production of goods and services rose from 3.7% last fall to 5.4% in February, and it is expected to rise in the U.S. to 6.6% by early fall, according to the bureau's Business Trends and Outl
Documents in the antitrust case against Google revealed that the price it pays to be Apple's default search engine has increased over the years.
The federal government has released more details about its plan to bring public servants back to the office three days a week, and says it expects departments to implement the updated hybrid schedule by early September.On its website Wednesday, the Government of Canada published a detailed directive on "prescribed presence in the workplace" for deputy heads of departments to follow. Earlier this week, a federal government source who was not authorized to speak publicly about the matter confirmed
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