Business

WestJet says it will lock out the airline’s pilots after their union sent a 72-hour strike notice to the company and government Monday night, setting the stage for a work stoppage right before the May long weekend.  In response, airline issues lockout notice; preparations underway for reduced schedule. The WestJet …

The European Union on Monday approved Microsoft’s $69 billion purchase of video game maker Activision Blizzard, deciding the deal won’t stifle competition for popular console titles like Call of Duty and accepting the U.S. tech company’s remedies to boost competition in cloud gaming. But the blockbuster deal is still in …

Canada’s inflation rate reversed its cooling trend last month and moved higher, to a 4.4 per cent annual rate.  Increased from March’s 4.3 per cent annual pace. Canada’s inflation rate reversed its cooling trend last month and moved higher, to a 4.4 per cent annual rate. Economists had been expecting …

OPTIMISTIC President Joe Biden goes biking in Gordons Pond State Park in Rehoboth Beach, Del., on Sunday, May 14, 2023. Biden says he and the Congressional Republicans would come to agreement in increasing the US debt limit to avert a default. AP PHOTO REHOBOTH BEACH Del.: US President Joe Biden …

IN AGREEMENT Group of Seven (G7) finance ministers and central bank governors attend a group photo session ahead of their meeting in Niigata, Japan, on Friday, May 12, 2023. From top left to right, Secretary-General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann, President of the Eurogroup …

One of the world’s largest automakers has stopped construction on a portion of an electric vehicle battery plant in Windsor, Ont., saying the federal government has not delivered on what was promised. Ottawa says negotiations are ongoing.  Automaker, South Korean battery-maker LG Energy Solution said plant would employ at least …

General Motors said on Monday it will recall 42,000 sport utility vehicles in Canada from the 2014 through 2017 model years because the driver’s air-bag inflator may explode during deployment.  Air bags in 2014-17 models may explode during deployment, automaker says. General Motors said on Monday it will recall 42,140 …

LEGAL ACTION The logo of TikTok is seen on a smartphone screen in Arlington, Virginia, the United States, Aug. 30, 2020. A former US-based executive of ByteDance, the Chinese company that owns TikTok, has sued it for wrongful dismissal, saying he was fired for sounding the alarm over what he …

The price of baby formula in Canada is rising higher than inflation and putting pressure on families that can’t afford to shoulder those cost increases. A prominent infant food insecurity expert says it’s a long-term problem that’s getting worse.  Price of infant formula rising higher than inflation. People are having …

The extra fee Canadians pay Netflix for the privilege of sharing their passwords with others across multiple locations was supposed to roll out for U.S. customers months ago. Analysts say Netflix is delaying charging Americans due to fears of backlash.  Additional charge for U.S. customers delayed by several months despite …