Business

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 …

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 …