Business

WestJet’s takeover and consolidation of discount airlines Swoop and Sunwing into its main carrier has some vacationers and travel experts worried about higher prices to come. But the CEO of the Calgary-based airline says the move is good for consumers, too.  Airline says consumers will still be able to buy …

BEIJING: Foreign companies are shifting investments, and their Asian headquarters out of China as confidence plunges following the expansion of an anti-spying law and other challenges, a business group said on Wednesday. The report by the European Union Chamber of Commerce in China adds is one of many signs of …

SAN FRANCISCO, California: President Joe Biden convened a group of technology leaders on Tuesday to debate what he called the “risks and enormous promises” of artificial intelligence (AI). The Biden administration is seeking to figure out how to regulate the emergent field of AI, looking for ways to nurture its …

Gannett Co., the largest U.S. newspaper chain, on Tuesday sued Google, accusing the social media company of violating federal antitrust law by trying to monopolize the market for online advertising.  Newspaper publisher seeking financial restitution from online colossus. Gannett Co., the largest U.S. newspaper chain, on Tuesday sued Google, accusing …

Canada’s financial regulator is raising the amount of capital the country’s major banks need to have on hand to cover potential losses as it says financial system vulnerabilities remain elevated and in some cases have continued to increase.  Regulator raises domestic stability buffer to 3.5 per cent, from 3 previously. …

Telus has reversed its decision to charge an extra fee to customers who use a credit card to pay their bills. Telecom company floated new fee last fall. Telus has reversed its decision to charge an extra fee to customers who use a credit card to pay their bills. Last …

CHINESE tech giant Alibaba said on Tuesday it will replace its top boss in a surprise move at the e-commerce titan as it looks to recover from years of slow growth caused by weak consumer spending and a crackdown by authorities. The move comes as the market leader prepares to …

UNITED NATIONS: The secretary-general of the United Nations is pressing for major changes in the International Monetary Fund (IMF) and the World Bank. Antonio Guterres says the International Monetary Fund has benefited rich countries instead of poor ones. And he describes the IMF and World Bank ‘s response to the …

TOKYO: Wages are rising in Japan more than they have in decades, at least for some workers. But so are prices, leaving many people feeling they must scrimp more than ever. In May, the consumer price index was up 3.2 percent from a year earlier, well above the central bank’s …

HONG KONG: Chinese consumers snapped up billions worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slashed prices, but analysts say that consumer confidence still remains weak. Chinese merchants offered customers steep discounts during the 618 shopping festival, which ran on China’s …