November 13th, 2024

Business

Loblaw hiring European retail executive Per Bank as company’s next CEO

By The Canadian Press on April 18th, 2023

BRAMPTON, Ont. – Loblaw Companies Ltd. is hiring veteran European retail executive Per Bank as its next president and chief executive. The parent company of the Loblaws grocery chain and Shoppers Drug Mart says Bank, the chief executive of Denmark’s Salling Group A/S, will join the company by early 2024. Salling Group operates department stores, ... Read More »

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GSK signs deal to buy Canadian drug developer Bellus Health for US$2 billion

By The Canadian Press on April 18th, 2023

TORONTO – GSK plc has announced a deal to buy Canadian drug developer Bellus Health Inc. for US$2 billion. Under the agreement, GSK will pay US$14.75 per Bellus share in cash. Bellus shares closed at US$7.26 on the Nasdaq market on Monday. Bellus is developing a treatment for refractory chronic cough which is defined as ... Read More »

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US reporter held by Russia on spying charges to stay in jail

By The Associated Press on April 18th, 2023

MOSCOW – A Russian judge on Tuesday upheld the detention of jailed American journalist Evan Gershkovich, who was arrested on spying charges as part of a sweeping Kremlin crackdown on dissent and press freedom amid the war in Ukraine. He and the U.S. government vehemently deny the allegations. The Wall Street Journal reporter is the ... Read More »

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Loblaw hiring European retail executive Per Bank as companies next CEO

By The Canadian Press on April 18th, 2023

BRAMPTON, Ont. – Loblaw Companies Ltd. is hiring veteran European retail executive Per Bank as its next president and chief executive. The parent company of the Loblaws grocery chain and Shoppers Drug Mart says Bank, the chief executive of Denmark’s Salling Group A/S, will join the company by early 2024. Salling Group operates department stores, ... Read More »

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Russia upholds detention of US reporter

By The Associated Press on April 18th, 2023

MOSCOW – A Russian judge on Tuesday upheld the detention of jailed American journalist Evan Gershkovich, who was arrested on spying charges as part of a sweeping Kremlin crackdown on dissent amid the war in Ukraine. He and the U.S. government vehemently deny the allegations. The Wall Street Journal reporter is the first U.S. correspondent ... Read More »

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Indigenous investment firm and CMHC announce pilot project to fund home construction

By The Canadian Press on April 18th, 2023

OTTAWA – An Indigenous-owned investment firm is partnering with the Canada Mortgage and Housing Corporation to build several hundred homes for Indigenous communities. Keewaywin Capital Inc. announced Tuesday that it anticipates building between 150 and 225 homes in the first year of the Accelerated Construction Pilot Project. In a release Tuesday, the firm says it ... Read More »

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Jailed US reporter in Russian court to appeal detention

By The Associated Press on April 18th, 2023

MOSCOW – Jailed American journalist Evan Gershkovich appeared in a Moscow court on Tuesday to appeal his detention on spying charges, part of a sweeping Kremlin crackdown on dissent amid the war in Ukraine. He and the U.S. government strenuously deny the allegations. Journalists and supporters at the courthouse caught their first glimpse in weeks ... Read More »

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Putin rallies his troops with 2nd Ukraine visit in 2 months

By Adam Pemble, The Associated Press on April 18th, 2023

KYIV, Ukraine (AP) – Russian President Vladimir Putin on Tuesday visited command posts of the Kremlin’s forces fighting in Ukraine in an apparent effort to rally his troops as the war approaches its 14th month and Kyiv readies a possible counteroffensive with Western-supplied weapons. A video released by the Kremlin and broadcast by Russian state ... Read More »

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Statistics Canada to release March inflation numbers this morning

By The Canadian Press on April 18th, 2023

OTTAWA – Statistics Canada is set to release its March inflation reading this morning. The federal agency’s latest consumer price index report will provide an update on the pace of price growth in the country. RBC is forecasting the annual inflation rate fell to 4.1 per cent in March, down from 5.2 per cent in ... Read More »

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‘No impunity’: G7 vows tough, unified stance on Russia’s war

By Foster Klug, Matthew Lee And Mari Yamaguchi, The Associated Press on April 17th, 2023

KARUIZAWA, Japan (AP) – Top diplomats from the Group of Seven wealthy democracies vowed a unified front against Russia’s war of aggression in Ukraine, saying at the close of their meetings Tuesday that they were committed to boosting and enforcing tough sanctions against Moscow. The G-7 communique laying out their commitments also included strong words ... Read More »

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G7 vows to intensify sanctions on Russia over war in Ukraine

By The Associated Press on April 17th, 2023

KARUIZAWA, Japan (AP) – Group of Seven foreign ministers vowed to intensify sanctions against Russia over its war in Ukraine as they wrapped up their meeting in Japan on Tuesday. “We remain committed to intensifying sanctions against Russia, coordinating and fully enforcing them,” the G-7 ministers said in a communique released after the meeting Tuesday. ... Read More »

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