Business

MONTREAL — Canada has discussed offering financial support to large aluminum producers like Rio Tinto impacted by a US-led trade war, in the event that Washington’s 50-percent tariff on imports of the metal persist in the medium term, the CEO of a key industry trade group said on Saturday. Aluminium …

European Union foreign policy chief Kaja Kallas, right, greets Chinese Foreign Minister Wang Yi prior to a meeting in Brussels, Belgium on July 2, 2025. Photo: AP/RSS  BEIJING — China hit back on Sunday at a European Union (EU) ban on Chinese firms from major medical equipment purchases with a …

ASTRAZENECA is in talks with Summit Therapeutics to license an experimental lung-cancer drug under a deal worth as much as $15 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of Summit Therapeutics surged 9.7 percent to $25.81 in morning trade. The Menlo Park, California-based drug …

Photo Credit: BTN Europe PARIS — Air France-KLM plans to increase its stake in Scandinavian airline SAS to 60.5 percent, the latest step toward consolidating Europe’s fragmented airline sector as carriers seek to strengthen their position against rivals. The French airline group said on Friday it intended to increase its …

BEIJING — Only 15 out of the 129 brands that currently sell electric vehicles (EVs) and plug-in hybrids in China will be financially viable by 2030, as intense competition forces consolidation and some to exit the market, consultancy AlixPartners said on Thursday. These 15 brands are projected to account for …

BUENOS AIRES, Argentina — South America’s Mercosur bloc sought Thursday to expand its markets in the face of US President Donald Trump’s global trade war, with Brazil calling for closer ties with dynamic Asian economies. “It’s time for Mercosur to look toward Asia,” President Luiz Inacio Lula da Silva said, …

Nissan is recalling nearly 38,000 vehicles in Canada and another 444,000 in the United States due to a bearing issue that could lead to engine damage or failure.  Vehicles affected include Rogue and Altima models from the past 5 years and Infiniti QX50, QX55. Nissan is recalling nearly 38,000 vehicles …

The deal was heavily criticized by agricultural producers, who fear it will reduce competition in the grain and canola markets.  Viterra, formerly known as the Saskatchewan Wheat Pool, has more than 80 facilities across Canada. The $8.2-billion US merger of Bunge and Viterra is now complete, forming one of the …

Microsoft says it is cutting thousands of jobs in its second round of mass layoffs in recent months. While it is unclear whether or not any Canadian jobs will be lost, the union representing 120 gaming industry workers employed by Microsoft in Quebec says it’s likely the cuts will mostly …

NEW YORK — While the US stock market has fully recovered from a spring rout, the relentless drop in the dollar is prompting currency experts to warn of greater financial market turmoil ahead. The American currency is down more than 10 percent so far in 2025, a historic retreat that …