Business

Tala general manager Moritz Gasti  In the absence of a centralized credit database, identifying the right customers from the outset is one of the biggest challenges for financial technology companies like Tala. Tala general manager Moritz Gasti said their primary focus is on attracting and retaining the right customers, whether …

Loblaw Companies Ltd. is seeing more participation in its popular PC Optimum loyalty program — and more points being redeemed at checkout.  More than a billion PC Optimum points redeemed in 2024, per company. Loblaw Companies Ltd. is seeing more participation in its popular PC Optimum loyalty program — and …

As car manufacturer Stellantis pauses work on its next-generation Jeep Compass, including retooling a plant in Canada designated to build the vehicle, industry observers say the company is rethinking its priorities on electric vehicles as tariffs create an uncertain environment for automakers.  Backsliding ‘not really a good thing’ for consumer …

TOKYO — Moody’s Ratings said on Friday it has downgraded its rating of Nissan Motor’s credit by one notch to junk status, citing a weak and worsening outlook for the Japanese automaker’s credit profile. The credit-rating firm cut Nissan’s senior unsecured rating to Ba1 from Baa3 and maintained its negative …

ALIBABA on Thursday flagged plans to invest more in its “core businesses” of e-commerce and artificial Intelligence (AI)-powered cloud computing after reporting third-quarter revenues just above analysts’ estimates on strong year-end sales. US-listed shares of the company were up 11 percent in early morning trading. Chief Executive Eddie Wu, speaking …

GRAB Holdings forecast its annual revenue below analysts’ estimates on Wednesday, as it grapples with intense competition in food delivery and ride-hailing businesses, sending its US-listed shares down more than 9 percent after the bell. The company forecast its fiscal 2025 revenue to be between $3.33 billion and $3.40 billion, …

Apple announced Wednesday it’s replacing their entry-level iPhone SE with a new pricier model. Experts say the price uptick will put iPhones, which are already more expensive than other brands, simply out of reach of budget conscious shoppers.  In Canada, cheapest new iPhone will cost $320 more than the old …

GameStop Corp. is looking to sell its Canadian and French operations as it evaluates its international assets, the video game retailer said in a Tuesday news release.  CEO said last year company would focus on cutting costs and long-term profitability. GameStop Corp. is looking to sell its Canadian and French …

Coca Cola is introducing a line of prebiotic sodas, marking the legacy company’s first foray into the “functional” soft drink market led by upstarts Olipop and Poppi — and further tightening competition as more Canadian brands launch their versions of the fizzy drinks.  Canadian brands out of Toronto, Montreal and …

SAN FRANCISCO — Tech giant Microsoft unveiled a new computer chip on Wednesday that it says could transform everything from fighting pollution to developing new medicines, joining Google and IBM in arguing that the promise of quantum computing is closer to reality. The US-made chip, called Majorana 1, can fit …