Business

The U.S. Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon.com on Tuesday, charging the online retailer with harming consumers through higher prices in the latest U.S. government legal action aimed at breaking Big Tech’s dominance of the internet.  Amazon.com accused by FTC of deceptive practices, favouritism and ‘unlawful …

The federal government says it plans to review the $8-billion sale of Canadian-based grain-handling firm Viterra to a foreign conglomerate.  Competition Bureau already announced plans to review agribusiness merger. The federal government says it plans to review the $8-billion sale of Canadian-based grain-handling firm Viterra to a foreign conglomerate. Viterra …

PARIS: Air France-KLM announced on Monday that it was going to place a “major order” for 50 long-haul Airbus A350s as part of its effort to introduce more fuel-efficient planes. The Dutch-French group said the planes, which represent an order of more than $16 billion (15.1 billion euros) at the …

The federal government is making an additional $20 billion available through the Canada Mortgage Bond program to spur the construction of more rental units. Mortgage bonds are sold and proceeds used to buy insurance on residential loans The federal government is making an additional $20 billion in financing available for …

HONG KONG: Asian markets were mixed on Monday as investors contemplated the possibility the Federal Reserve will hike interest rates again and keep them at three-decade highs as officials struggle to contain inflation. Equities have come under pressure in recent weeks on bets that the US central bank will need …

General Motors will be the next target company for Unifor’s bargaining with the Detroit Three automakers, national president Lana Payne announced Monday.  Unifor’s membership at Ford of Canada ratified a new three-year agreement on Sunday. General Motors will be the next target company for Unifor’s bargaining with the Detroit Three …

A new accelerator program called Soar aims to help five Indigenous entrepreneurs turn their already successful businesses into big-name brands and earn five times more revenue in just one year. Experts and business leaders say these success stories inspire others and help First Nations communities achieve economic independence.  New business …

WASHINGTON, D.C.: Canadian autoworkers on Sunday approved a deal with Ford, keeping the strike by their American counterparts from spreading northward, even as it takes on increasingly political tones in the United States. The 5,600 autoworkers represented by the Unifor union voted for a three-year contract that will provide a …

OTTAWA: Some 5,600 Ford workers in Canada began voting Saturday on a new three-year deal reached earlier between Unifor, a Canadian autoworkers’ union and Ford Motor Co. NEW AGREEMENT This file photo shows a man looking at a Ford Escape PHEV (plug-in hybrid electric vehicle) and its charging station during …

YINCHUAN: Deng Guoxue, 40, is sanguine about his company’s future cooperation with Arab countries in power infrastructure construction after participating in a project that installed 5 million electricity meters in Saudi Arabia in order to establish a power consumption information collection system. During their busiest time, the engineer from the …