Business

TOKYO: Japan suffered a trade deficit last month as exports sank for the first time in more than two years, dragged down by a slowdown overseas. Japan’s trade deficit totaled 78.7 billion yen ($539 million), the Finance Ministry said Thursday, the first trade deficit for the world’s third largest economy …

The man hired to turn around the flagging fortunes of Suncor Energy said Tuesday he believes the company has been too focused in recent years on the energy transition and must get back to an oil-centred business strategy.  ‘We win by creating value through our large integrated asset base underpinned …

For the second time in barely a week, Canadian Taylor Swift fans have bad blood about being shut out of buying tickets to thus far the only Canadian stops on her world tour next year.  Marketing professor says cruel summer for fans is a misstep for the brand. For the …

Big business groups including the American Chamber of Commerce (AmCham) of the Philippines and investor firms inside Clark and Subic freeports are urging the government to suspend and review the implementation of new rules of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act that have started to take …

July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday.  Pace of sales picking up after bottoming out, realtor group says. July home sales saw the largest year-over-year increase in more than two years, …

Ottawa’s corporate ethics watchdog has announced an investigation into fashion company Ralph Lauren over the alleged use of forced labour in its supply chains.  Watchdog also has asked Toronto-based mining company GobiMin to improve its policies. Ottawa’s corporate-ethics watchdog has announced an investigation into fashion company Ralph Lauren over the …

BEIJING: China said it would stop publishing data on its rising youth unemployment rate on Tuesday, as it released a raft of disappointing figures that stoked concerns over the state of the world’s second-largest economy. Shortly before the latest uninspiring indicators were published, the central bank cut a key interest …

TOKYO: Japan’s economy grew 1.5 percent in the three months to June, official data showed on Tuesday, beating expectations on the back of strong exports. The average forecast for quarter-on-quarter growth in the world’s third-largest economy had been 0.8 percent, according to Bloomberg News. The data, released by the Cabinet …

The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports.  Russian currency slumps to lowest level in 17 months. The Russian ruble on Monday reached its lowest value since …

Despite signs the meatless burger industry is losing steam, writers, chefs and industry experts say there is hope consumers will continue exploring more plant-based options. Writer and cook Alicia Kennedy says meatless burgers were only ever a distraction.  Writer and cook Alicia Kennedy says ‘tech burgers’ were only ever a …