Business

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 …

The Grand Slam of Curling, the tour elite series featuring the best men’s and women’s teams from across Canada and around the world, has been purchased by a new sports business venture group. Jennifer Jones, John Morris, ex NFL star Jared Allen among names attached to project. The Grand Slam …

Eligible iPhone 6 and 7 owners can now submit a claim to be part of a class-action lawsuit that could pay up to $150 per device. CBC News answers your questions about eligibility and how to submit a claim. Also: Am I eligible? And how do I submit my claim? …

Alberta’s minister responsible for liquor, gaming and cannabis says either he or the provincial regulator will review how large plastic jugs of vodka landed on liquor store shelves selling for less than $50.  Distiller, store owners say four-litre plastic jugs of vodka follow all provincial rules. Alberta’s minister responsible for …

NITORI Holdings Co., Ltd., based in Sapporo, northern Japan, has announced the launch of its first Nitori store in the Philippines. The company aims to accelerate store openings in the Asian market, and its expansion here will see the first store open at Mitsukoshi BGC in Taguig City on April …

TOKYO: Japanese automaker Toyota Motor Corp. will oversee model certification at its subsidiary Daihatsu to regain trust among dealers, customers and workers after a safety testing scandal, Daihatsu’s new president said on Monday. Toyota will take a leadership role in various areas, including product development and procurement, said Masahiro Inoue, …

The Philippines, the fastest-growing economy in the Association of Southeast Asian Nations (ASEAN) last year, is expected to keep its status in 2024 and 2025, according to a regional organization.  After growing 5.6 percent in 2023, the Philippines is forecast to expand 6.3 percent in 2024 and 6.5 percent in …

Virgin coconut oil (VCO) produced by Butuan Coconut Products Inc. (BCPI) may soon be available in the United States as the firm secured approval from the US Food and Drug Administration (FDA) to export their products to the US market. In a statement Monday, April 8, the Department of Trade …

Bangko Sentral ng Pilipinas (PNA photo by Benedicto Briones) MANILA – A further cut in banks’ reserve requirement ratio (RRR) is still possible, the Bangko Sentral ng Pilipinas (BSP) said. “We want to eventually reduce the reserve requirement, but we’re trying to figure out the right timing. We will raise it at …

Royal Bank of Canada says it has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she allegedly had with another employee. Employee received 'preferential treatment' including promotion, better compensation RBC has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she …