Business

FRANKFURT, Germany: The European Central Bank (ECB) is expected to freeze its key interest rate at a record high again on Thursday but pave the way for a first cut in June as inflation eases. Policymakers have kept borrowing costs on hold since October after a historic run of hikes …

RVs — along with boats, ATVs and other outdoor vehicles — sold like hotcakes during the pandemic as people poured their vacation funds into goods that could be enjoyed closer to home. But now the sector is going through a market correction, with sales down around 20 per cent last …

Whistleblower faced retaliation after he identified engineering problems that affected the structural integrity of the company’s 787 and 777 jets, his attorneys said.  Jetmaker has faced concerns since January mid-air panel blowout on a 737 MAX. The U.S. Federal Aviation Administration (FAA) is investigating a Boeing whistleblower’s claims that the …

A court in Vietnam on Thursday ordered the death penalty for a real estate tycoon found guilty in a financial fraud case totalling more than $12 billion US.  Convicted woman ordered to pay back more than $27 billion US. A court in Vietnam on Thursday ordered the death penalty for …

NEW YORK CITY: Federal aviation authorities are investigating claims by a Boeing engineer that the 787 Dreamliner suffers from assembly defects that threaten safety, US officials said on Tuesday. Attorneys for the whistleblower, Sam Salehpour, accuse the company of putting profit over safety and retaliating against him after he raised …

Royal LePage is forecasting that the aggregate price of a home in Canada will increase 9 per cent in the fourth quarter of 2024, compared to the same period last year. At the same time, CREA said home sales activity edged up 0.5 per cent between February and March. Royal …

The Bank of Canada has held its key interest rate at five per cent for the sixth consecutive time since July, saying it will be looking for signs that slowing inflation is sustained before moving on rate cuts.   ‘We are seeing what we need to see, but we need …

An engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the Federal Aviation Administration to open an investigation.  Southwest declined to say when plane’s engine last underwent maintenance. An engine cover on a Southwest Airlines Boeing 737-800 …

Space food isn’t just Tang and puréed meat in a tube anymore — it’s mushroom bacon and fresh strawberries that have earned a North Vancouver company the grand prize in a Canadian Space Agency and NASA challenge to make food indoors.  Techniques for producing fruit and protein in space can …

NEW YORK CITY: Inflation could remain elevated for longer than expected, posing a risk to the US economy’s near-term health, JPMorgan Chase Chief Executive Officer (CEO) Jamie Dimon said on Monday. In his annual letter to shareholders, Dimon pointed to “persistent inflationary pressures” that belie the stock market’s confidence about …