Business

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 …

After 40 years in business, weight-loss chain Jenny Craig has announced it is closing down in the U.S., Canada, and possibly several other markets around the world.  Court filings list more than $323 million worth of debts to Canadian creditors. After 40 years in business, weight-loss chain Jenny Craig has …

CHARGING FORWARD Driverless trucks move shipping containers at a port in Tianjin, China on Jan. 16, 2023. Chinese exports grew in April by 8.5 percent to $295.4 billion compared with a year earlier despite weakening global demand. AP PHOTO BEIJING: Chinese exports grew 8.5 percent in April, showing more unexpected …

AVERTING DISASTER Treasury Secretary Janet Yellen speaks at the Johns Hopkins University School of Advanced International Studies on April 20, 2023, in Washington. Yellen said Sunday, May 7, that there are ‘no good options’ for the United States to avoid an economic ‘calamity’ if Congress fails to raise the nation’s …

DIVERSITY American Airlines planes are parked at their Miami International Airport terminal gates on May 2, 2023, in Miami, Florida. The US airline industry sees the need for diversity in its pool of pilots. AFP PHOTO NEW YORK: Airlines and unions disagree on many aspects relating to today’s tight labor …

Alberta energy companies have temporarily shut in productions in areas affected by the ongoing wildfires.  Workers relocated and operations halted in parts of province. Some oil and gas producers in Alberta are temporarily shutting in production as wildfires rage across the energy-producing province. With more than 100 active fires burning …

A new movie celebrates the spectacular rise of the Waterloo, Ont.-based company BlackBerry. But in a way, the film is really about innovation and serves as a reminder about why Canada desperately needs a new innovation policy.  New movie highlights gaping holes in Canada’s innovation policy. The new movie BlackBerry …

STARTING RIGHT A currency trader stands near the screens at a foreign exchange dealing room in Seoul, South Korea on Monday, May 8, 2023. Asian shares were mostly higher Monday after a widespread rally on Wall Street partly spurred by Apple’s report of better profit than expected. AP PHOTO NEW …

WORSENING INFLATION A laborer carries a sack of vegetables at a market on the occasion of International Labor Day in northwest Pakistan’s Peshawar on Monday, May 1, 2023. Pakistan’s weekly inflation, measured by the Sensitive Price Index, posted an increase of 48.35 percent on a year-on-year basis, according to the …