Business

SAN FRANCISCO, California — Artificial intelligence (AI) company Anthropic said Thursday it raised $30 billion in its latest funding round that values the OpenAI rival at $380 billion, underscoring the breakneck pace of AI investments. The round, led by Singapore sovereign wealth fund GIC and hedge fund Coatue Management, is among the largest …

RESTAURANT Brands reported fourth-quarter sales above estimates on the back of strong performance at Burger King International, but high costs and muted spending in the United States took shares down nearly 6 percent on Thursday. Fast-food chains are offering certain items at lower prices to attract consumers who were turning …

Canada’s government says to avoid all non-essential travel to Cuba and to avoid delaying leaving the country People look at their travel documents outside Havana’s Jose Marti International Airport on Monday. Air Transat is aiming to get all of its customers out of Cuba by next Wednesday, amid a call …

Survey of Restaurants Canada members finds 44% of respondents operating at a loss or barely breaking even A server delivers food to a table at a restaurant in Pointe-Claire, Que., on July 11, 2025. A new survey from Restaurants Canada shows 44 per cent of members surveyed are either breaking …

Flight attendants typically aren’t paid hourly wage for pre- and post-flight duties Minister of Jobs and Families Patty Hajdu says more information is needed to verify all claims of unpaid labour in the airline industry. (Justin Tang/The Canadian Press)  Jobs Minister Patty Hajdu says her department needs more information from air …

Shopify beat earnings with 31% revenue growth, but shares fell 10% as investors weighed its ambitious push into agentic AI-driven commerce. Shopify president Harley Finkelstein says orders coming to Shopify stores from AI are up 15 times year-over-year, though he acknowledged they are still coming from a small base. Picture …

Company previously announced plans to sell off stake in Windsor, Ont., battery plant Despite selling NextStar stake, Stellantis says EV battery research continues in Windsor Stellantis shook up Windsor’s auto scene on Friday with the revelation that it’s selling its stake in the NextStar Energy battery plant. But the global …

The number of employee trusts are growing, although their future is uncertain as tax incentive may expire Some Canadian business owners are selling their companies to their employees using a special trust, which comes at a time when the country is facing a wave of baby boomer entrepreneurs nearing retirement …

An Onsemi logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration  CHIPMAKER Onsemi missed Wall Street estimates for fourth-quarter (Q4) revenue on Monday, with its business segments declining as much as 17 percent, hurt by a persistent inventory glut. Shares of the Phoenix, Arizona-based company fell nearly 6 …

ALPHABET is looking to raise about $15 billion from a US high-grade dollar bond sale, Bloomberg News reported on Monday, citing people with knowledge of the matter. Technology firms are turning to debt sales worth tens of billions of dollars to fund infrastructure expansions as demand for artificial intelligence (AI) …