Business

WASHINGTON, D.C.: Autoworkers strike in the United States expanded on Wednesday with 8,700 more employees walking off their jobs, said the United Auto Workers (UAW) union, as a deal with major automakers remained elusive. The staff at Ford’s Kentucky Truck Plant in Louisville join some 25,000 other UAW members on …

Amazon’s retail technology lets customers tap a credit or debit card, grab items off the shelves and walk straight out — but do the privacy risks outweigh the convenience?  Grab-and-go shopping experience now available at arenas in Calgary and Toronto. Amazon grab-and-go shopping comes to Canada, and so do privacy …

Exxon Mobil agreed to buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at $59.5 billion that would make it the biggest producer in the largest U.S. oilfield and secure a decade of low-cost production.  Biggest deal for Exxon since it bought Mobil. Exxon Mobil agreed to buy …

IMPROVING climate finance with fairer terms is essential for climate justice, said Finance Secretary Benjamin Diokno, prompting multilateral development banks (MDBs) to provide better financing options for global challenges. “Now, as rising interest rates and increasing costs of international borrowing are likely to further restrict government budgets and curtail priority …

NEW YORK CITY: German sandals maker Birkenstock will launch on the New York Stock Exchange on Wednesday in an initial public offering (IPO) that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, …

Canadian labour union Unifor said on Tuesday it will initiate strikes at General Motors facilities in the country as negotiations with the automaker hit a roadblock.  Strike affects facilities in Oshawa, St. Catharines and Woodstock in Ontario. Canadian labour union Unifor said early on Tuesday it would begin strikes at …

Spin Master Corp. announced a deal on Wednesday to buy U.S.-based toy company Melissa & Doug for $950 million US.  Price tag could go up if certain financial targets are met. Spin Master Corp. announced a deal on Wednesday to buy U.S.-based toy company Melissa & Doug for $950 million …

HONG KONG: Hong Kong’s leader said on Tuesday the city would seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister, as the Chinese financial hub looks for more business opportunities in Southeast Asia. Chief Executive John Lee said at a weekly …

BANGKOK: Asian shares have climbed after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer. US futures rose while oil prices fell back slightly after surging on Monday following Israel’s declaration of war on Hamas following its surprise attack from …

Canadian labour union Unifor said on Tuesday it will initiate strikes at General Motors facilities in the country as negotiations with the automaker hit a roadblock.  Strike affects facilities in Oshawa, St. Catharines and Woodstock in Ontario. Canadian labour union Unifor said early on Tuesday it would begin strikes at …