Business
Video shows raid on ship near Strait of Hormuz that a Mideast official says was carried out by Iran
By Jon Gambrell, The Associated Press on April 13th, 2024
DUBAI, United Arab Emirates (AP) – A video seen by The Associated Press shows commandos raiding a ship near the Strait of Hormuz by helicopter Saturday, an attack a Mideast defense official attributed to Iran amid wider tensions between Tehran and the West. The video showed the attack earlier reported by the British military’s United ... Read More »
Be the first to comment!British military warns of possible vessel being boarded near Strait of Hormuz
By Dubai,United Arab Emirates, The Associated Press on April 13th, 2024
The British military warned Saturday that a vessel may have been boarded by an unknown party near the crucial Strait of Hormuz. The warning from the United Kingdom Maritime Trade Operations offered no details about the boarding in the Gulf of Oman near the Strait The incident comes amid heightened tensions between Iran and the ... Read More »
Be the first to comment!Alberta distillery behind jumbo vodka jugs wants apology after getting ‘load of hate’
By Lisa Johnson, The Canadian Press on April 12th, 2024
EDMONTON – An Alberta distillery behind four-litre vodka jugs that stirred controversy this week says it was unfairly targeted on social media and wants an apology from the cabinet minister who said the product was not responsibly priced. Earlier this week, Service Alberta Minister Dale Nally said the price of the product, on sale for ... Read More »
Be the first to comment!Canadian Airbus workers reach tentative agreement with company
By The Canadian Press on April 12th, 2024
MIRABEL, Que. – Airbus Canada says it has reached a tentative agreement with the union representing employees at the company’s assembly facility in Mirabel, Que. The International Association of Machinists and Aerospace Workers represents about 1,300 workers at the facility. Earlier in April, workers rejected a second offer from the employer. At the time, the ... Read More »
Be the first to comment!TSX down almost 1% Friday, U.S. stock markets fall sharply as rate cut hopes wane
By Rosa Saba, The Canadian Press on April 12th, 2024
TORONTO – Canada’s main stock index lost almost one per cent on Friday as the market saw broad-based weakness, while U.S. markets also fell. The downward slide comes as investors have had to swallow a bitter pill this week, with U.S. inflation data making interest rate cuts south of the border look less imminent than ... Read More »
Be the first to comment!S&P/TSX composite down almost 1%, U.S. stock markets also fall
By The Canadian Press on April 12th, 2024
TORONTO – Canada’s main stock index lost almost one per cent on Friday as the market saw broad-based weakness, while U.S. markets also fell. The S&P/TSX composite index closed down 210.12 points at 21,899.99. In New York, the Dow Jones industrial average was down 475.84 points at 37,983.24. The S&P 500 index was down 75.65 ... Read More »
Be the first to comment!Stock market today: Wall Street falls sharply to close out its worst week since October
By Stan Choe, The Associated Press on April 12th, 2024
NEW YORK (AP) – U.S. stocks fell sharply following a mixed start to earnings reporting season. The S&P 500 sank 1.5% Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.6% from its record. Worries about tensions in the Middle East rattled financial markets, and Treasury yields fell as investors looked for safer places ... Read More »
Be the first to comment!Oil and gas companies must pay more to drill on federal lands under new Biden administration rule
By Matthew Daly, The Associated Press on April 12th, 2024
WASHINGTON (AP) – Oil and gas companies will have to pay more to drill on federal lands and satisfy stronger requirements to clean up old or abandoned wells under a final rule issued Friday by the Biden administration. The Interior Department’s rule raises royalty rates for oil drilling by more than one-third, to 16.67%, in ... Read More »
Be the first to comment!Jurors in Coutts blockade public mischief trial will hear final arguments next week
By The Canadian Press on April 12th, 2024
LETHBRIDGE, Alta. – The Crown and defence lawyers have wrapped up their cases in the trial of three men accused of orchestrating the border shutdown at Coutts, Alta., in early 2022. The Crown announced it will not call any further evidence, and the defence told court it won’t call any evidence at all. The trial ... Read More »
Be the first to comment!Striking crab fishers vow to resume protests at Newfoundland and Labrador legislature
By The Canadian Press on April 12th, 2024
ST. JOHN’S, N.L. – The man who led a fish harvesters protest that shut down the Newfoundland and Labrador government last month says there is another demonstration planned for Monday. John Efford says he’s expecting a large number of fishers, who are refusing to fish for crab this year, to gather once again at the ... Read More »
Be the first to comment!House passes reauthorization of key US surveillance program after days of upheaval over changes
By Farnoush Amiri And Eric Tucker, The Associated Press on April 12th, 2024
WASHINGTON (AP) – The House passed a bill Friday to reauthorize and provide sweeping reforms of a key U.S. government surveillance tool without including broad restrictions on how the FBI uses this crucial program to search for Americans’ data. The bill, approved 273-147, now goes to the Senate where its future is uncertain. The program ... Read More »
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