Business

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 …

BOSTON: In early June, sporadic but serious service disruptions plagued Microsoft’s flagship office suite — including the Outlook email and OneDrive file-sharing apps — and cloud computing platform. A shadowy hacktivist group claimed responsibility, saying it flooded the sites with junk traffic in distributed denial-of-service (DDoS) attacks. Initially reluctant to …

WASHINGTON: Binance has agreed to repatriate its US customers’ assets pending a massive lawsuit against the world’s largest crypto exchange, the US Securities and Exchange Commission (SEC) said Saturday, adding that it will secure the funds. Binance and its boss Changpeng Zhao have “agreed to repatriate to the United States …

PARIS: Boeing expects the number of commercial planes in service around the world to double in the next 20 years, according to estimates published on Sunday, anticipating a slightly larger increase than competitor Airbus. The American aircraft manufacturer estimates 48,575 planes will be in service in 2042, compared with 24,500 …