Business

Canada’s oldest retailer, Hudson’s Bay Co., has filed for creditor protection and intends to restructure the business. Cites ‘significant’ pressures including Canada-U.S. trade war, declining foot traffic. Canada’s oldest retailer, Hudson’s Bay Co., has filed for creditor protection and intends to restructure the business. The department store company that dates …

The oil pipeline operator that was spun off from TC Energy last year says its marketing segment faces pressures from 10 per cent tariffs on energy exports to the United States.  CEO Bevin Wirzba noticed a change in customer behaviour in anticipation of tariffs. South Bow Corp., the oil pipeline …

Japan’s Seven & i Holdings, the parent company of the 7-Eleven convenience store chain, has named a new CEO and plans to sell billions in assets as it tries to fend off a takeover bid from a Canadian rival.  Planning a U.S. IPO of shares in North American 7-Eleven operations …

The logo of Google is seen outside Google Bay View facilities in Mountain View, California, U.S. August 13, 2024. REUTERS/Manuel Orbegozo/File Photo GOOGLE is updating its ubiquitous search engine with the next generation of its artificial intelligence (AI) technology as part of an effort to provide instant expertise amid intensifying …

Photo Credit: AP News BEIJING, China — The Chinese government unveiled an annual economic growth target of “around 5%” on Wednesday, despite the possible negative impact of a looming trade war with the United States, and pledged to address what it called “sluggish” consumer spending at home. The target was …

Think McDonald’s and Starbucks are the world’s biggest food and beverage chains in terms of locations? Think again. Mixue Ice Cream and Tea, China’s largest bubble tea and drinks chain famous for its snow king mascot and low prices, boasts more outlets than both U.S. brands.  Mixue has more than …

Photo Credit: brookings.edu WASHINGTON, D.C. — US manufacturing was steady in February, but a measure of prices at the factory gate jumped to nearly a three-year high and it took longer for materials to be delivered, suggesting that tariffs on imports could soon undercut production. Worries about duties on imports …

A 7-Eleven convenience store in Tokyo, on Sept. 9, 2024 (Richard A. Brooks AFP/Getty Images) TOKYO — The Japanese parent company of 7-Eleven said on Tuesday that a buyout bid from a Canadian convenience store rival was still on the table despite a report that it planned to reject the …

Prime Minister Justin Trudeau says a first tranche of retaliatory tariffs on U.S. goods will go into force at midnight if the U.S. goes ahead with blanket tariffs on Canadian imports.  ‘No room left for Mexico or Canada’ to make a deal, U.S. president says. With no indication that U.S. …

Musk’s embrace of right-wing politics risks turning off car buyers and sinking Tesla’s stock/AP News NEW YORK — Elon Musk’s car company is required each year to report to investors all the bad things that could happen to it, and the latest version lists every imaginable threat from costly lawsuits …