Business

A small city nestled in southern Ontario’s Niagara Region will be home to a new $1.6-billion electric vehicle battery plant. Politicians at the announcement on Tuesday didn’t say how many jobs the plant will produce or who will get them. Mayor Bill Steele says Asahi Kasei’s investment is biggest in …

Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month.  Brooks Brothers, Lucky Brand also affected after insolvency hearings last month. Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started …

BEIJING – China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced on Monday, as Beijing looks to increase support for the world’s second-largest economy. The central government will begin issuing some 30-year bonds on Friday as part of a planned sale of …

DUBAI – Dubai’s Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set a new record for the second year in a row. Citing strong customer demand, it said group profits for the past two years hit $8.1 billion, surpassing …

The man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher on Monday.  AMC and BlackBerry among companies caught up in surge. The man at the centre of the pandemic …

Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the age of 93.  Second son of K.C. Irving ran Canada’s biggest oil refinery in Saint John. Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the …

The first Amazon warehouse to be unionized in Canada got its accreditation from Quebec’s labour tribunal on Friday. Company to contest decision. Quebec’s labour tribunal has given union accreditation to workers at an Amazon warehouse in Laval, Que., a first in Canada. Workers at the DXT4 warehouse, located in Laval, …

DUBAI EXPO. The annual Philippine Property and Investment Exhibition returns for its 10th year at the Bristol Hotel in Dubai on Saturday (May 11, 2024). The event was opened by Philippine Ambassador to the UAE Alfonso Ferdinand Ver. (Photo courtesy of NPM)  DUBAI, UAE – The much-awaited annual Philippine Property and Investment Exhibition (PPIE) made …

Distributors of South Asian alcoholic brands in Ontario say that they do not receive adequate shelf space, and the absence of a destination store for South Asian brands makes it challenging to sell in Ontario.  Lack of shelf space means distributors end up launching brands in other provinces. Ravindra Kumar …

A business billing itself as Canada’s first postnatal retreat has launched in Toronto. For a minimum of $850 a night, new parents get 24/7 support adjusting to life with their babies — a business model some doctors say points to a need for better postpartum care across the board. ‘Postnatal …