Business

CRUCIAL MEET A passerby walks past the logo of the G7 Finance Ministers and Central Bank Governors’ meeting at Niigata station in Niigata, Japan on Wednesday, May 10, 2023. The G7 Niigata meeting is scheduled on May 11 to 13. AP PHOTO NIIGATA, Japan: The financial leaders of the Group …

In this file photo taken on April 18, 2023 Twitter CEO Elon Musk speaks at the “Twitter 2.0: From Conversations to Partnerships,” marketing conference in Miami Beach, Florida. Elon Musk on May 11, 2023 said that he has hired someone to replace him as boss of Twitter and its newly …

Shareholders of Onex Corp. have approved a change to its multiple-voting shares that will allow Gerry Schwartz to retain voting control of the company for another three years even as he officially steps down as chief executive.  Schwartz will maintain voting control of company he has led for 40 years …

ADVANCED AI Rick Osterloh speaks about the Google Pixel Fold at a Google I/O event in Mountain View, California on Wednesday, May 10, 2023. The tech giant announced that it is incorporating advanced technology to its search engine Bard. AP PHOTO MOUNTAIN VIEW, California: Google on Wednesday disclosed plans to …

MANILA – Ayala-led Bank of the Philippine Islands (BPI) has revised upward its growth projection for the Philippine economy this year to 6.3 percent from 5 to 6 percent previously, after noting the higher-than-expected expansion in the first quarter. The gross domestic product (GDP) rose by 6.4 percent year-on-year in the …

Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, suggesting that rising costs could persist for months to come.  Official inflation rate dips below 5% for first time since 2022. Consumer prices in the United States rose again in April, and measures …

ON EDGE A pedestrian passes by the Hong Kong Stock Exchange electronic screen in Hong Kong on April 26, 2023. Asian shares declined in muted trading on Wednesday, May 10, 2023, as investors awaited an upcoming report on US inflation, an important indicator for where interest rates and global growth …

REBOUND The Airbnb app icon is displayed on an iPad screen in Washington, D.C., on May 8, 2021. Airbnb Inc. reports quarterly financial results on Tuesday, May 9, 2023. AP PHOTO AIRBNB said on Tuesday it earned $117 million in the first quarter as revenue rose during the ongoing recovery …

Facebook and Instagram’s parent company Meta is working on blocking news for Canadian users if Bill C-18 is passed.  Liberals have accused Meta of intimidating Canadians to retaliate over regulation. Tech giant Meta has learned from the mistakes it made blocking online news from Facebook in Australia, when it accidentally …

Hudson’s Bay is laying off another 250 workers, the second round of cutbacks this year.  None of the layoffs will impact front-line retail staff. Hudson’s Bay is laying off another 250 workers, the second round of cutbacks this year. The Canadian retail arm of Hudson’s Bay Co. says the layoffs …