Business

Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20 per cent on Wednesday.  E-commerce has rebounded but consumers pulling back on discretionary spending. Canadian e-commerce platform Shopify forecast its …

TOKYO – Toyota said on Wednesday that it enjoyed a record net profit of 4.94 trillion yen ($31.9 billion) in the year to March on revenues of 45.1 trillion yen, which was also an all-time high. But the world’s largest automaker by sales warned net income would fall 27.8 percent …

TikTok and its Chinese parent company, ByteDance, are suing the U.S. over a law that would ban the popular video-sharing app unless it’s sold to another company, arguing that it relies on vaguely painting it as a threat to national security to get around the First Amendment.  Lawsuit filed on …

The Federal Aviation Administration said Monday it has opened an investigation into Boeing after the beleaguered company reported that workers at a South Carolina plant falsified inspection records on certain 787 planes. Boeing said its engineers have determined that misconduct did not create “an immediate safety of flight issue.”  Plane-maker …

FORMER Starbucks chief executive officer (CEO) Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. In a LinkedIn post published over the weekend, Schultz said many people had reached out to him after Starbucks …

WestJet and the union representing its maintenance engineers reached a tentative agreement late Sunday, averting a work stoppage that could have started disrupting flights as early as Tuesday afternoon.  Aircraft maintenance engineers must still vote on tentative deal. WestJet and the union representing its maintenance engineers reached a tentative agreement …

Hundreds of Nestle workers walked off the job in Toronto on Sunday after rejecting a tentative agreement the union reached with the chocolate maker.  Workers want improvement to pension plan, union says. Hundreds of Nestle workers are off the job Monday after rejecting a tentative agreement the union reached with …

Canada’s Competition Bureau has opened a formal investigation into Lululemon’s environmental claims in its marketing campaigns, a spokesperson for the agency told CBC News on Monday.  Stand.earth accuses B.C. company of breaking promise to reduce greenhouse gases. Canada’s Competition Bureau has opened a formal investigation into Lululemon’s environmental claims in …

After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder. Combined provincial budget deficit on track to swell from $10.6B last year to $28B this year. After riding a red-hot economy to shrink deficits and grow surpluses, …

OMAHA, Nebraska: Berkshire Hathaway’s first-quarter profits plummeted along with the paper value of its investments, but the company said Saturday (Sunday in Manila) that most of the businesses it owns outright performed well. The company reported a $12.7-billion profit, or $8.825 per Class A share, in the quarter. That’s roughly …