Business

WASHINGTON, D.C.: Canadian autoworkers on Sunday approved a deal with Ford, keeping the strike by their American counterparts from spreading northward, even as it takes on increasingly political tones in the United States. The 5,600 autoworkers represented by the Unifor union voted for a three-year contract that will provide a …

OTTAWA: Some 5,600 Ford workers in Canada began voting Saturday on a new three-year deal reached earlier between Unifor, a Canadian autoworkers’ union and Ford Motor Co. NEW AGREEMENT This file photo shows a man looking at a Ford Escape PHEV (plug-in hybrid electric vehicle) and its charging station during …

YINCHUAN: Deng Guoxue, 40, is sanguine about his company’s future cooperation with Arab countries in power infrastructure construction after participating in a project that installed 5 million electricity meters in Saudi Arabia in order to establish a power consumption information collection system. During their busiest time, the engineer from the …

SACRAMENTO, California: California Gov. Gavin Newsom has vetoed a bill to require human drivers on board self-driving trucks, a measure that union leaders and truck drivers said would save hundreds of thousands of jobs in the state. The legislation vetoed Friday night would have banned self-driving trucks weighing more than …

The rubber will hit the road around the issue of what constitutes Alberta’s fair share of CPP assets.  Rubber hits the road around what constitutes a fair share of the CPP’s assets. As Albertans weigh whether a provincial pension plan is a better alternative than staying with the almost 60-year-old …

Credit- and debit-processing firm Moneris confirmed it experienced a network outage on Saturday, causing problems with customer payment terminals in several parts of Canada.  Outage lasted 90 minutes, according to payment processing firm. Credit- and debit-processing firm Moneris confirmed it experienced a network outage on Saturday amid widespread reports of …

The union representing Ford Motor Co. of Canada workers, who are voting on a new collective agreement, says the three-year tentative contract includes a 10 per cent wage hike immediately, followed by increases of two per cent and three per cent in the remaining years.  Unionized workers voting on tentative …

CANBERRA, Australia: Australia’s government reported on Friday that it had a budget surplus of AU$22.1 billion ($14.2 billion) in the last fiscal year, the first time the nation’s books have been balanced in 15 years. The government cited low unemployment and high prices for the country’s commodities, including iron ore, …

If the more bullish forecasts prove accurate, a return to triple-digit oil prices could be just around the corner, as Canadian consumers struggle to keep pace with sharply higher prices for many essentials, including food. Motorists could be paying even more to drive, on top of high costs for essentials …

The Department of Trade and Industry (DTI) is finding the right balance between the consumers and the manufacturers, considering both their concerns about rising prices of basic necessities and prime commodities (BNPCs) and the high cost of producing basic commodities. DTI Secretary Alfredo E. Pascual made this assurance after a …