Amid a “buy Canadian” push inspired by trade tensions with the U.S., some multinational food and beverage companies are working hard to highlight their Canadian-made products. Canadian Super Bowl ad from Kraft Heinz highlighted its Canadian connections. Amid a “buy Canadian” push inspired by trade tensions with the U.S., some …
Read More »Business
Canadian businesses already feeling the effects of Trump’s steel, aluminum tariff order
Canadian steel and aluminum businesses are already feeling the consequences — and the déjà vu — of Donald Trump’s latest tariff threat, several years after he targeted the same industries with a punishing import tax. Owner of Toronto-based steelmaker says U.S. partners are starting to cancel orders. Canadian steel and …
Read More »Honda and Nissan say merger talks called off
TOKYO, Japan — Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks announced in December, ending a tie-up that would have created the world’s third-largest automaker. The firms said in a joint statement that they “agreed to terminate the MOU (memorandum of understanding) signed on …
Read More »US Fed chair says in no rush to tweak interest rate policy
WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country’s economy maintains resilient growth and a relatively strong labor market. With economic indices in a steady position, and only a slight uptick …
Read More »AI feud: How Musk and Altman’s partnership turned toxic
Elon Musk and Sam Altman were among the 11-person team that founded OpenAI in 2015 (NBC) Frederic J. BROWN, Jung Yeon-jeSAN FRANCISCO — The feud between Elon Musk and Sam Altman has become one of the bitterest rivalries in business history, with the Tesla tycoon bidding to buy Altman’s OpenAI …
Read More »McDonald’s global markets boost sales
McDonald’s global markets boost sales/Photo Credit: USA Today MCDONALD’S posted on Monday a surprise increase in its global comparable sales in the fourth quarter, aided by demand for its cheaper items and discounted offerings from diners in the Middle East, Japan and China. Shares of the burger chain rose nearly …
Read More »Elon Musk heads group trying to buy control of OpenAI — report
SAN FRANCISCO — Elon Musk is leading an investment group offering $97.4 billion for the nonprofit that controls OpenAI, marking a new front in his war with the ChatGPT-maker, the Wall Street Journal reported Monday. Musk attorney Marc Toberoff said he submitted the bid to OpenAI’s board of directors, according …
Read More »YouTube, the online video powerhouse, turns 20
Photo Credit: LinkedIn SAN FRANCISCO — YouTube has evolved from a dinner party lark 20 years ago into a modern lifestyle staple poised to overtake US cable television in paid viewership. PayPal colleagues Steve Chen, Chad Hurley, and Jawed Karim conceived YouTube in 2005, reportedly during a dinner party. The …
Read More »Trump gets Middle East investors worried
LONDON/JERUSALEM — A historic shake-up of the Middle East is starting to draw international investors, warming to the prospects of relative peace and economic recovery after so much turmoil. President Donald Trump’s proposal that the US take over Gaza may have thrown a curveball into the mix, but the fragile …
Read More »Experts call for regulation over AI
PARIS — Experts from around the world have called for greater regulation of artificial intelligence (AI) to prevent it from escaping human control, as global leaders gather in Paris for a summit on the technology. France, co-hosting the Monday and Tuesday gathering with India, has chosen to spotlight AI “action” …
Read More »