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Latest Stories

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    Microsoft Corp is buying "Call of Duty" maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future. The all-cash deal announced by Microsoft on Tuesday, its biggest-ever acquisition, will bolster its firepower in the booming videogaming market where it takes on leaders Tencent and Sony. It also represents the American multinational's bet on the "metaverse", virtual online worlds where people can work, play and socialize, as many of its biggest competitors are already doing.

  • Will TD Bank Stock Keep Outperforming in 2022?

    Toronto-Dominion Bank (TSX:TD)(NYSE:TD) outperformed in 2021. Can it keep up the momentum in 2022? The post Will TD Bank Stock Keep Outperforming in 2022? appeared first on The Motley Fool Canada.

  • Steve Hounsell Speaks to the Need for Biodiversity and Ecological Sustainability

    Steve Hounsell, ardent advocate for biodiversity conservation and ecological sustainability, will deliver the keynote presentation at Forests Ontario's Annual Conference, Strength in Biodiversity, a virtual event to be held February 9-11, 2022.

  • Why Did Surge Energy (TSX:SGY) Stock Zoom 20% Last Week?

    Small-cap energy stocks could see steep rallies in 2022 with strength in oil and gas prices. The post Why Did Surge Energy (TSX:SGY) Stock Zoom 20% Last Week? appeared first on The Motley Fool Canada.

  • Why Shopify Stock Fell 6% Last Week

    Shopify (TSX:SHOP)(NYSE:SHOP) shares dropped 6% last week, down 10% in the last year. What happened, and will Motley Fool investors see a recovery? The post Why Shopify Stock Fell 6% Last Week appeared first on The Motley Fool Canada.

  • The Best Profitable Growth Stock to Watch Today

    Restaurant Brands International (TSX:QSR)(NYSE:QSR) is a name that could make your TFSA rich over the course of the next 20 years and beyond! The post The Best Profitable Growth Stock to Watch Today appeared first on The Motley Fool Canada.

  • Starbucks ties up with Meituan to bolster presence in crucial China market

    BEIJING (Reuters) -Starbucks, which has seen sales slow in China due to COVID-19's fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country's dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has entered into a partnership with Meituan that will allow its Chinese customers to order coffee delivery and make reservations at its stores via the super-app's platforms. The move comes as competition in the Chinese coffee market is intensifying, and is aimed at expanding the availability of Starbucks, which first begun food delivery services in the country in 2018 through an exclusive partnership with Alibaba Group's Ele.me arm, Meituan's main rival.

  • Dollar edges up as traders assess Fed rate hike bets

    The dollar edged higher on Monday as traders continued to hold on to dollars but took the view that Federal Reserve tightening plans were largely priced in, while the euro eased from Friday’s two-month high. An unexpected cut to key lending rates in China highlighted it as the outlier, with other major central banks in talks to raise rates. China's move only briefly weighed on the yuan.

  • Jeff Goldblum, Kyle MacLachlan bookend Prada menswear show

    MILAN (AP) — Jeff Goldblum infused Milan Fashion Week with some levity on Sunday as he shimmied down the Prada runway in a dark overcoat that cast a dramatic silhouette. The latest menswear collection in the two-year-old collaboration between Miuccia Prada and Raf Simons as co-creative directors was at once elemental and celebratory, presenting elevated versions of everyday pieces. “We were thinking about meaningful fashion, pieces that make sense,’’ Prada said in show notes. “Clothes that make

  • Nobis Commemorates Lunar New Year with Exclusive Capsule

    In celebration of the Year of The Tiger, luxury Canadian outerwear brand, Nobis, has announced the launch of its 2022 Lunar New Year Capsule Collection. "Nobis" in Latin translates to "us," and since its inception, the brand has always celebrated culture and emphasized the importance of community collaboration and representation. This year, Nobis celebrates the Year of the Tiger by partnering with Fête Chinoise, a Chinese-Canadian cultural platform created by design firm Palettera to develop a s

  • Credit Suisse chairman resigns after internal investigation

    GENEVA (AP) — Credit Suisse said Monday that its chairman has resigned following an internal investigation that reportedly found he violated quarantine rules intended to fight the COVID-19 pandemic. The resignation of Antonio Horta-Osorio, a British-Portuguese national who took the job barely eight months ago, was announced shortly after midnight Monday. It is the latest upheaval at the top-drawer Swiss bank that has faced an array of recent troubles including bad bets on hedge funds and an inte

  • Amazon's UK site backs away from plan to stop taking Visa

    LONDON (AP) — Amazon’s British website has backed away from plans to stop accepting Visa credit cards issued in the United Kingdom, saying Monday that the move has been put on hold while talks between the two sides continue. The online retailer said the change would not be implemented as planned on Wednesday. Amazon had announced the move in November, blaming “the high fees Visa charges for processing credit card transactions.” “We are working closely with Visa on a potential solution that will

  • Shopify, JD.com pair up in China as e-commerce competition intensifies

    The strategic partnership comes amid tight competition in the e-commerce space in China with players like Pinduoduo, Alibaba Group Holding and Douyin. The deal will let Shopify merchants sell on JD's cross-border platform JD Worldwide and open up access to its 550 million active customers in China, the companies said.

  • World shares mixed after China reports slowing growth

    BANGKOK (AP) — World shares were mixed on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Paris, Frankfurt, Tokyo and Shanghai advanced while Hong Kong and Seoul declined. The weakness in China's economy toward the end of 2021 is prompting suggestions Beijing should intervene to prop up growth with interest rate cuts or by injecting money into the economy through public works spending. Shortly befo

  • China's economy grows 8.1% in 2021, slows in second half

    BEIJING (AP) — Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month's Winter Olympics in Beijing. The world's second-largest economy grew by 8.1% last year, but activity fell abruptly in the second half as the ruling Communist Party forced China's vast real estate industry to cut surging debt, official data showed Monday. Growth sank to 4% over a year earlier in the final three months of the year, fueling expecta

  • Japan steel industry says EU extension of anti-dumping measures inappropriate

    The head of Japan's main steel industry lobby said on Tuesday the European Union's decision to extend anti-dumping measures on electrical steel from Japan was inappropriate and it would consider taking action. On Monday, the EU extended setting minimum prices for electrical steel from Japan, China, Russia, South Korea and the United States for five years on the basis that producers would otherwise dump it on the EU market.

  • Oil climbs as supplies expected to remain tight

    (Reuters) -Oil prices rose on Monday with investors betting that global supply will remain tight, although restraint by major producers was partially offset by a rise in Libyan output. Trade was subdued due to the U.S. holiday honoring slain civil rights leader Martin Luther King Jr. "The bullish sentiment is continuing as (producer group) OPEC+ is not providing enough supply to meet strong global demand," said Fujitomi Securities analyst Toshitaka Tazawa.

  • Turkish leader Erdogan visits Albania to boost ties

    TIRANA, Albania (AP) — Albania and Turkey on Monday pledged to further boost their ties and increase their economic and cultural relations. Turkish President Recep Tayyip Erdogan visited Albania to talk with Prime Minister Edi Rama on strengthening bilateral ties and also inaugurate new apartments funded by Turkey for Albanians left homeless by the 2019 earthquake. Upon landing Erdogan immediately headed to the northwestern town of Lac, 50 kilometers (30 miles) northwest of the capital Tirana, w

  • Robotics Pioneer Exotec Raises $335M Series D to Improve Supply Chain Resilience for Global Retailers

    Today Exotec, a leader in global warehouse robotics, announced $335M in Series D funding at a $2B valuation. The Growth Equity business within Goldman Sachs Asset Management led the round with follow-on investments from 83North and Dell Technologies Capital. Exotec will leverage the funds to continue to launch large-scale deployments in North America, Europe, and Asia for global brands. The company also plans to hire 500 new R&D engineers by 2025 to accelerate the development of its high-perform

  • Mexican entrepreneur Garza Calderon confirms interest in Citi asset sale

    Mexican entrepreneur Javier Garza Calderon aims to bid on the consumer banking arm of Citigroup in the country, pledging to return it to Mexican hands, he said in a statement Sunday. Garza Calderon, founder of the organization "Entrepreneurs for the Fourth National Transformation (E4T)," said he was interested in inviting other business leaders to form a group of investors to analyze the possible acquisition. "I perceive a great opportunity to rescue its historical, cultural and financial assets so that they return to the hands of Mexican businessmen," Garza Calderon said in a statement shared with Reuters.