Business

Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles.  Company signals it will start making smaller, cheaper models, earlier than forecast. Tesla’s first-quarter net income plummeted 55 per …

A Quebec-based union is trying to represent hundreds of Amazon.com Inc. workers at a warehouse in Laval, Que., a first of its kind in Canada if they succeed.  CSN filed application with Administrative Labour Tribunal to represent 200 workers. A Quebec-based union is trying to represent hundreds of Amazon.com Inc. …

Honda is expected to announce a multi-billion dollar deal to build electric vehicles and their parts in Ontario, government sources confirmed to CBC News.  Premier Ford calls it the ‘largest deal in Canadian history.’ Concluding what Ontario Premier Doug Ford is calling the “largest deal in Canadian history,” Honda is …

The RCMP says a former SNC-Lavalin executive has been sentenced to three-and-a-half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal. Normand Morin has been sentenced to 3-and-a-half years in prison The RCMP says a former SNC-Lavalin executive has been sentenced to three-and-a-half …

A new study has found that more than half of global branded plastic pollution can be traced back to just 56 companies, led by The Coca-Cola Company and PepsiCo. New study documents companies behind plastic waste across 5-year period Just 56 companies fuelling bulk of plastic waste pollution, study suggests …

Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X to take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control “the entire internet.”  Musk asks: ‘Does the PM think he should …

Seamus O’Regan says workers and businesses need “long-term solutions” and the inquiry commission will present its findings next spring.  Seamus O’Regan says workers and businesses need ‘long-term solutions’ to disputes. Federal Labour Minister Seamus O’Regan says he has appointed an Industrial Inquiry Commission to dig deeper into the underlying causes …

LONDON: A row between pharmaceutical firms Moderna and Pfizer/BioNTech comes to court in London on Tuesday over patents for Covid vaccine technology that helped save millions of lives during the pandemic. At issue is US firm Moderna’s claim that its American competitor Pfizer and its German partner BioNTech breached patent …

Private Sector Advisory Council (PSAC) lead convenor and Aboitiz Group president and chief engagement officer Sabin Aboitiz (right) and Ayala Group chairman Jaime Augusto Zobel de Ayala (second from left) engage in a deep discussion with New Zealand delegates, exploring potential business opportunities and fostering stronger economic ties at the …

On the sidelines of the World Bank-International Monetary Fund Spring Meetings in Washington, Finance Secretary Ralph Recto met with officials of the World Bank led by its president, Ajay Banga, to discuss key areas for development. (STAR / File)  MANILA, Philippines — Washington-based World Bank has committed to aid the …