Business

All riders on Toronto’s subway system will have cellphone service starting Oct. 3, Federal Minister of Innovation, Science and Industry François-Philippe Champagne announced on Monday.  Telecom companies have clashed for months over TTC network access, commercial terms. All TTC subway riders will get cellphone service, minister says Licences of all …

PARIS: From the collapse of Lehman Brothers in 2008 to this year’s fire sale of Credit Suisse, the landscape of the banking sector has changed profoundly following a wave of consolidation and tighter regulation. Tougher regulation After Lehman Brothers crumbled, regulators in the United States and Europe tightened the regulatory …

BEIJING: Chinese e-commerce giant Alibaba has announced the surprise departure of former CEO Daniel Zhang, who had been set on Monday to take charge of a key subsidiary as the firm undergoes a major restructuring. Hangzhou-based Alibaba is one of China’s most prominent technology firms, with business operations spanning cloud …

At a Glance Philippines’ net foreign direct investments (FDI) dipped 20.4% to $3.911 billion for the first six months versus $4.913 billion same time in 2022. The Bangko Sentral ng Pilipinas (BSP) on Monday, Sept. 11, says the “slowdown in FDI may be due largely to investor concerns over weak …

WASHINGTON: Google faces its biggest ever legal challenge in a Washington court on Tuesday as it fends off accusations from the US government that it acted unlawfully to build its overwhelming dominance of online search. Over 10 weeks of testimony involving more than 100 witnesses, Google will try to persuade …

MILAN: Italian Prime Minister Giorgia Meloni is tightening the budgetary screws to show that Rome can balance its books, even if it means delaying electoral promises. By the government’s own admission, the room for maneuvring is extremely limited due to lower tax receipts from a slowing economy that risks deficit …

Rising costs fuelled by inflation are pushing many small businesses in B.C. to find creative ways to adapt or pivot in the hope they can weather the storm.  Many small retailers say it’s taking everything they have just to survive Rising costs fuelled by inflation are pushing many small businesses …

Conservatives argue the Liberal government’s climate measure drives up the cost on everything. The inflation-watching head of the central bank offered some perspective on this.  Making everything more expensive? Only by a fraction of a percentage point. There’s some, and one could stress some, point to the Conservative Party’s steady …

Thousands of Square and Cash App customers were unable to access their accounts or send money on Thursday and early Friday due to system outages impacting both payment services.  Full functionality has yet to be restored to the payment services as of midday Friday. Thousands of Square and Cash App …

WASHINGTON, D.C.: The US Treasury is pushing to increase funding for the International Monetary Fund (IMF) by raising the quota obligations paid by member countries, a top official said on Thursday. The comments from Jay Shambaugh, the Treasury’s undersecretary for international affairs, underscore the Biden administration’s push for the IMF …