Business

Google and the federal government have reached an agreement in their dispute over the Online News Act that would see Google continue to share Canadian news online in return for the company making annual payments to news companies in the range of $100 million.  Agreement comes 3 weeks before Online …

Executives and senior leaders from Canada’s oil and gas sector are heading to Dubai for the upcoming United Nations climate talks, eager to tell the world they are doing what they can to reduce greenhouse gas emissions.  Fossil fuel industry will have position of prominence at this year’s climate summit. …

General Motors said it is pumping the brakes a little on its plans for electric vehicles and self-driving cars as new labour deals signed with unions in the U.S. and Canada will cost it almost $9.3 billion US.  Company will spend $10B on stock buybacks and boost its dividend by …

A Virgin Atlantic passenger jet flying from London to New York powered by 100 per cent sustainable aviation fuel took off Tuesday morning, as the aviation world seeks to showcase the potential of low-carbon options to secure its future.  Sustainable jet fuel accounts for less than 0.1% of global jet …

The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, including doubling the amount of money the bank sets aside to potentially write off loans that are in danger of not being paid back.  Costs increased far more than revenue did. The …

Manuel Pangilinan  An oil and gas exploration company lauded the Marcos administration for asserting the Philippines’ rights over the West Philippine Sea (WPS). PXP Energy Corp. chairman Manuel Pangilinan said President Ferdinand Marcos Jr.’s position on the WPS, which is also claimed by China and other Asian countries, would advance …

Panama’s President Laurentino Cortizo on Tuesday said his government would proceed with the shutdown of First Quantum’s copper mine after the country’s Supreme Court ruled the Canadian miner’s contract was unconstitutional.  Mining contract has sparked widespread protests across the country for weeks. Panama’s president said Tuesday that Canadian miner First …

Streaks of lightning strike through the night sky behind condominium buildings in Manila on July 1, 2023. (STAR / Miguel De Guzman)  MANILA, Philippines — The Philippines continues to lag behind other economies in Asia in terms of investments, which have yet to return to pre-COVID levels, according to ANZ …

AC Health said Tuesday the newly-opened Healthway Cancer Care Hospital (HCCH) in Taguig City will be fully operational by January 2024.  HCCH chief operating officer Jenara Rosanna Ong said in a news briefing the hospital, which had a soft opening on Friday, was ramping up its operations starting with its …

Canadian oilsands companies are working to develop a proposed $16.5 billion carbon capture project, amid mixed support from local communities and ongoing questions about whether such projects are effective in the global fight against climate change.  Governments pledge new funding for the technology as new report questions whether it’s worthwhile. …