Business

Saying its initial response was “erroneous,” Air Canada is now making cash offers to some travellers in compensation for the airline’s recent flight disruptions.  Some passengers’ claims were rejected by accident, airline says. Saying its initial response was “erroneous,” Air Canada is now making cash offers to some travellers in …

Tim Hortons is launching a credit card that can be used through its mobile app, the latest move into an increasingly competitive rewards space. Customers will be able to earn Tims Rewards Points on most purchases, including on many gas, grocery and transit purchases, and extra points at Tim Hortons …

TOKYO: Japan’s economy expanded 0.7 percent in the January-March quarter, up from an initial estimate of 0.4 percent, government data showed on Thursday. The latest figure ― which also beat market expectations of 0.5-percent growth ― reflects strong corporate investments, data released by the Cabinet Office showed. The first-quarter number …

WASHINGTON, D.C.: British Prime Minister Rishi Sunak on Wednesday (Thursday in Manila) announced a world-first summit on artificial intelligence (AI), seeking a leading role for the United Kingdom in limiting potential doomsday risks as he visited Washington. Sunak will meet President Joe Biden at the White House on Thursday for …

Four members of Indigo’s board of directors have abruptly resigned, and the company has announced that chair Heather Reisman will retire this summer.  1 resigning board member cites ‘mistreatment’ as reason for exit, the company says. Four members of Indigo’s board of directors have abruptly resigned, and the company has …

Irving Oil, one of the largest and most powerful companies in New Brunswick, has launched a strategic review that will consider, among other things, “a full or partial sale” of the company, according to a statement issued Wednesday.  ‘Timing is suspect,’ says Conservation Council’s Louise Comeau. Irving Oil says it …

NEW YORK CITY: Oil prices slid on Tuesday as dealers mulled the weak demand outlook after having rallied the previous day on output cuts from key crude producer Saudi Arabia. Europe’s Brent oil contract and US counterpart WTI crude fell more than 2 percent before trimming losses, one day after …

HANOI: Vietnam’s booming food scene was awarded its first-ever Michelin stars on Tuesday, with four restaurants selected by the prestigious dining guide. Three eateries in Hanoi Gia, Tam Vi and Hibana by Koki and one in Ho Chi Minh City Anan Saigon were each awarded one Michelin star. Although there …

On Tuesday, the U.S. Securities and Exchange Commission sued Coinbase Inc., the largest U.S. crypto asset trading platform, accusing it of illegally operating without having first registered with the regulator.  Shares in Coinbase plunge after U.S. securities regulator files lawsuit. The U.S. stock market regulator took legal action on Tuesday …

FRANKFURT: European Central Bank President Christine Lagarde said on Monday that a closely watched measure of eurozone inflation does not appear to have peaked yet, fueling expectations of further interest rate hikes. She told a hearing of the European Parliament that the latest data suggests “indicators of underlying inflationary pressures …