Business

Alberta energy companies have temporarily shut in productions in areas affected by the ongoing wildfires.  Workers relocated and operations halted in parts of province. Some oil and gas producers in Alberta are temporarily shutting in production as wildfires rage across the energy-producing province. With more than 100 active fires burning …

A new movie celebrates the spectacular rise of the Waterloo, Ont.-based company BlackBerry. But in a way, the film is really about innovation and serves as a reminder about why Canada desperately needs a new innovation policy.  New movie highlights gaping holes in Canada’s innovation policy. The new movie BlackBerry …

STARTING RIGHT A currency trader stands near the screens at a foreign exchange dealing room in Seoul, South Korea on Monday, May 8, 2023. Asian shares were mostly higher Monday after a widespread rally on Wall Street partly spurred by Apple’s report of better profit than expected. AP PHOTO NEW …

WORSENING INFLATION A laborer carries a sack of vegetables at a market on the occasion of International Labor Day in northwest Pakistan’s Peshawar on Monday, May 1, 2023. Pakistan’s weekly inflation, measured by the Sensitive Price Index, posted an increase of 48.35 percent on a year-on-year basis, according to the …

RARE UNITY An American Airlines plane prepares to land at the Miami International Airport on Tuesday, May 2, 2023, in Miami, Florida. Airlines and unions disagree on many aspects relating to today’s tight labor market, but concur on at least one thing: the need to diversify the pilot workforce pool. …

WELL PLEASED This file photo shows Ethiopian Prime Minister Abiy Ahmed speaking at the inauguration ceremony of the Chinese-built Meskel Square project in Addis Ababa, Ethiopia, June 13, 2021. Ahmed has spoken highly of the completion of the second phase of the five-star Skylight Hotel in downtown Addis Ababa, the …

FOOD SECURITY. A farm-to-market road in San Emilio, Ilocos Sur. Economic expert Bruce Tolentino cites the importance of infrastructure to boost the agriculture sector at a seminar in Pampanga on Saturday (May 6, 2023) (Photo courtesy of DPWH) MANILA – An economic development expert and member of the Bangko Sentral ng Pilipinas (BSP) …

Working from home became prevalent during the COVID-19 pandemic, but in recent weeks, major employers such as the Royal Bank of Canada and Amazon have taken major steps toward bringing their staff back into the office as much as possible.  Royal Bank and Amazon among companies requiring more face time …

Bank failures are bad. Being unprepared for them is worse.  In Canada and dozens of other countries, deposit insurance protects people’s money — up to a certain dollar value — when the worst happens and aims to provide financial stability. Three times this year, the United States has seen deposit …

The fate of more than a billion dollars’ worth of unsold Yeezy shoes is weighing on Adidas as it tries to engineer a turnaround from the loss of the lucrative sneaker line and the continued fallout over its former ties to Ye.  Company stuck with stacks of Yeezy brand shoes …