Business

Icelandic discount carrier Play got off the ground in Canada this week, out of Hamilton’s John C. Munro airport, joining New York, Washington, Boston and Baltimore in North America. A Montreal aviation professor and a Toronto personal finance columnist give their views on where Play may fit into the travel …

KUALA LUMPUR: Malaysia’s government said on Friday it will take legal action against Facebook’s parent company, Meta Platforms, for failing to remove undesirable and harmful content from its social media platform. The Malaysian Communication and Multimedia Commission (MCMC) said Facebook has recently been plagued by “a significant volume of undesirable …

New rules prohibiting wage-fixing and no-poaching agreements kick in today in an effort to crack down on companies undermining competition at employees’ expense.  Punishment will include up to 14 years in jail, and no cap on financial penalty, New rules prohibiting wage-fixing and no-poaching agreements kick in today in an …

Up to date retail sales numbers from Statistics Canada on Wednesday show that despite high prices and dire warnings about debt loads, Canadians remain in the mood to shop.  Retail sales grew 1.1% in April to $65.9 billion. Up to date retail sales numbers from Statistics Canada on Wednesday show …

Retail sales rise and house prices rebound, but that may not be such happy news. Inflation means we’re spending more to get less stuff. And central banks may feel compelled to play spoilsport. Consumers are spending more, but is that really good news for the economy? At first glance, the …

Canada Bread has agreed to pay at least $50 million for its role in fixing the price of bread for years, according to documents filed in an Ontario court.  Company admits that under previous ownership, it worked with rivals to raise prices. Canada Bread has agreed to pay at least …

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 …