Business
China sanctions 2 U.S. companies over ‘support for arms sales to Taiwan’
By Associated Press, The Associated Press on April 11th, 2024
BEIJING (AP) – China on Thursday announced sanctions against two U.S. companies over what it says is their support for arms sales to Taiwan, the self governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics ... Read More »
Be the first to comment!Vietnam sentences real estate tycoon Truong My Lan to death in its largest ever fraud case
By Aniruddha Ghosal, The Associated Press on April 11th, 2024
HANOI, Vietnam (AP) – Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh city in southern Vietnam in the country’s largest financial fraud case ever, state media Thanh Nien said. The 67-year-old chair of the real estate company Van Thinh Phat was accused of fraud amounting ... Read More »
Be the first to comment!Air Canada resumes flights to Israel after six-month pause due to Israel-Hamas war
By The Canadian Press on April 10th, 2024
MONTREAL – Air Canada has resumed service between Canada and Israel following a six-month pause. The airline says flights between Toronto and Tel Aviv resumed April 9, and a once-weekly flight between Montreal and Tel Aviv will resume in May. The Montreal-based Air Canada, like most other international carriers, suspended service to Ben Gurion International ... Read More »
Be the first to comment!Mischief trial hears Mounties tried to convince Alberta border protesters to quit
By Bill Graveland, The Canadian Press on April 10th, 2024
An RCMP officer has described the tenuous, and often fraught, relationship police forged with protesters as they tried to end the COVID-era border blockade in Coutts, Alta. Sgt. Greg Tulloch continued his testimony Wednesday at the trial of Alex Van Herk, Marco Van Huigenbos and Gerhard (George) Janzen, who are charged with mischief over $5,000. ... Read More »
Be the first to comment!Unifor applies to represent two Amazon fulfilment centres in Metro Vancouver
By The Canadian Press on April 10th, 2024
VANCOUVER – Unifor says it has filed two applications to represent Vancouver-area Amazon workers with the B.C. Labour Relations Board. The union says it’s filed applications for two Amazon fulfilment centres, one in New Westminster and one in Delta. Unifor first announced a union drive for Amazon workers in Metro Vancouver last July, and says ... Read More »
Be the first to comment!Wind, solar operators urged to invest now to protect against extreme weather risks
By Amanda Stephenson, The Canadian Press on April 10th, 2024
CALGARY – Wind and solar operators in Canada are being urged to reduce the likelihood of catastrophic grid outages by making their infrastructure more resilient to climate change. Renewable energy operators from across the country gathered at a conference in Calgary this week to discuss the growing risk that climate change-related extreme weather poses to ... Read More »
Be the first to comment!TSX closes lower as Bank of Canada holds rate, U.S. markets fall on inflation report
By Rosa Saba, The Canadian Press on April 10th, 2024
TORONTO – Losses in financial and utilities stocks helped drag Canada’s main stock index down more than 160 points, while U.S. stock markets also fell after the latest inflation report forced market watchers to push back interest rate cut expectations. Inflation in the U.S. last month was hotter than economists expected. It’s the latest stronger-than-expected ... Read More »
Be the first to comment!S&P/TSX composite index down more than 160 points, U.S. markets also fall
By The Canadian Press on April 10th, 2024
TORONTO – Losses in financial and utilities stocks helped drag Canada’s main stock index down more than 160 points, while U.S. stock markets also fell. The S&P/TSX composite index closed down 162.65 points at 22,199.13. In New York, the Dow Jones industrial average was down 422.16 points at 38,461.51. The S&P 500 index was down ... Read More »
Be the first to comment!Stock market today: Wall Street falls after hot inflation report burns hopes for a June rate cut
By Stan Choe, The Associated Press on April 10th, 2024
NEW YORK (AP) – U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend. The S&P 500 lost 0.9% Wednesday. The Dow Jones Industrial Average gave back 1.1%, and the Nasdaq composite fell 0.8%. Treasury yields also leaped in the bond market, ... Read More »
Be the first to comment!B.C. building code to allow mass timber in buildings up to 18 storeys, up from 12
By The Canadian Press on April 10th, 2024
VANCOUVER – The use of mass timber in British Columbia is moving up and expanding to schools, libraries and other construction. The province says it’s making building-code changes allowing for the use of mass timber in buildings up to 18 storeys, an increase from the previous 12-storey limit. The expansion also includes building with mass ... Read More »
Be the first to comment!In megaproject-weary Newfoundland, a massive hydrogen operation has some on edge
By The Canadian Press on April 10th, 2024
ST. JOHN’S, N.L. – A multibillion-dollar megaproject approved in Newfoundland and Labrador on Tuesday amid a race to develop the country’s first green hydrogen operation has some wondering if the province has learned from its mistakes. Sean Leet, World Energy GH2’s chief executive, says he is aware there are concerns from local residents about the ... Read More »
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