Business

PHILADELPHIA: President Joe Biden on Thursday visited a shipyard symbolizing the industrial boom he hopes will put wind in his reelection campaign's sails, even if polls show most Americans are cool on him continuing as their economic captain. The Democrat's pitch at the Philly Shipyard in Philadelphia, Pennsylvania was simple. …

NEW YORK CITY: Another tick higher for Wall Street on Wednesday added to its big rally for the year following profit reports from a spate of banks and other big US companies. The S&P 500 rose 10.74, or 0.2 percent, to 4,565.72. After its seventh gain in the last eight …

One of fast fashion’s largest players, Zara, has laid out ambitious new sustainability targets as the European Commission looks to regulate the industry. Advocates say Canada still has a long way to go.  As Zara lays out sustainability targets, advocates say Canada has a long way to go. One of …

The withdrawal is “effective immediately,” International Longshore and Warehouse Union (ILWU) Canada president Rob Ashton said in a news release around 4 p.m. Wednesday.  Prime minister had convened crisis committee in response to possible 2nd strike. The union representing port workers in B.C. says it has withdrawn a 72-hour strike …

GANDHINAGAR, India: The Group of 20 (G20) finance chiefs ended talks in India on Tuesday (Wednesday in Manila) with disagreement over Russia’s war in Ukraine, limited progress on debt restructuring and warnings that divisions between rich and poor nations risked deepening poverty. Many countries are still recovering from the coronavirus …

NEW YORK CITY: Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong. Retail sales rose 0.2 percent from May to June, following a revised 0.5-percent increase the previous month, the Commerce Department reported on Tuesday. The figure matched the pace …

Thousands of port workers across British Columbia are set to resume strike activity after failing to ratify a tentative deal that was reached through federal mediation.  Labour minister says ‘looking at all options’ after union caucus rejects mediated agreement. B.C. port strike back on after workers reject tentative agreement Thousands …

HONG KONG: Chinese livestreamers have set their sights on TikTok shoppers in the US and Europe, hawking everything from bags and apparel to crystals with their eyes on a potentially lucrative market, despite uncertainties over the platform’s future in the US and elsewhere. In China, where livestreaming ecommerce is forecast …

LONDON: Microsoft and British regulators won more time from a court Monday as the US tech company uses a rare second chance to overcome opposition to its $69-billion bid for video game maker Activision Blizzard. Judge Marcus Smith conditionally approved a joint request from Microsoft and the Competition and Markets …

Local stocks fell for a second day on worries about China’s sluggish economic growth. The 30-company Philippine Stock Exchange index slipped 21.96 points, or 0.34 percent, to close at 6,528.80, as bears took over the market in the afternoon trading session. Philstocks Financial Inc. analyst Claire Alviar said the negative …