Business

Out of cash Treasury Secretary Janet Yellen speaks at the Johns Hopkins University School of Advanced International Studies on April 20, 2023 in Washington. She told Congress on Monday, May 1, 2023, that the US could default on its debt payments by June 1 unless Congress takes action. AP PHOTO …

Australia Qantas SYDNEY: Australian airline Qantas named company veteran Vanessa Hudson as its first woman chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce. Qantas, which returned to profit late last year after taking large losses during the Covid-19 pandemic, said Hudson would become chief executive and managing director …

WestJet has finalized its takeover of Sunwing Airlines, concluding a merger deal that was first proposed more than a year ago.  Two airlines will operate independently at first. WestJet has finalized its takeover of Sunwing Airlines, concluding a merger deal that was first proposed more than a year ago. Calgary-based …

With sexually transmitted infections surging to alarming levels in Canada and the U.S. over several years, a number of female entrepreneurs have moved into the condom industry, intent on making change.  Canadian companies Jems and Slipp aim to change how condoms are marketed. With sexually transmitted infections surging to alarming …

IN LIMBO A pedestrian walks past a First Republic Bank in San Francisco on Wednesday, April 26, 2023. Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets open on Monday, May 1. AP PHOTO NEW YORK: Regulators searched for a solution …

HIGH OPENING A person stands in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm on Monday, May 1, 2023, in Tokyo. Shares advanced Monday in Tokyo and Sydney while most Asian markets were closed for May 1 holidays. AP PHOTO TOKYO: Tokyo stocks …

MAY DAY MESSAGE This picture shows vessels parked along the Singapore anchorage on Wednesday, April 26, 2023. Singapore is expected to post slower economic growth this year, but it ‘should avoid an outright contraction,’ Prime Minister Lee Hsien Loong said Sunday. AFP PHOTO MAY DAY MESSAGE This picture shows vessels …

NEW SCHEME This April 14, 2022 file photo from TED Conferences shows Elon Musk speaking during an interview with TED head Chris Anderson (not in photo) at the ‘TED2022: A New Era’ conference in Vancouver, Canada. Musk on Saturday, April 29, 2023, announced a plan for his Twitter platform to …

MORE BUSINESS This file photo shows laborers working at Huajian factory, south of Addis Ababa, capital of Ethiopia on July 19, 2017. Ethiopia anticipates increasing foreign direct investment from China, Ethiopian officials have said on Saturday, April 29, 2023. XINHUA PHOTO ADDIS ABABA: Ethiopia anticipates increasing foreign direct investment from …