Business
Ritchies Bros. tweaks offer for IAA to up cash component, but trim overall value
By The Canadian Press on January 23rd, 2023
VANCOUVER – Ritchie Bros. Auctioneers Inc. is changing the terms of its proposal to buy IAA Inc. to increase the proportion of cash offered but trim the overall value of the bid. The Vancouver-based company also says it plans to pay a special one-time dividend of US$1.08 per share to its own shareholders, contingent on ... Read More »
Be the first to comment!Globalive looks to return to wireless market with bid for Manitoba spectrum
By The Canadian Press on January 23rd, 2023
TORONTO – Globalive is looking to return to the Canadian wireless market with an offer to buy spectrum licenses from former wireless company Xplore Mobile. Manitoba-based Xplore Mobile, which offered wireless service to customers in the province, shut down in August 2022. Globalive chairman Anthony Lacavera says he sees Manitoba as a starting point in ... Read More »
Be the first to comment!Russia, Estonia expel ambassadors amid ‘destroyed’ relations
By The Associated Press on January 23rd, 2023
MOSCOW (AP) – Russia and Estonia on Monday were expelling the ambassadors from each other’s countries in a tit-for-tat move, saying that their diplomatic missions will be headed by charges d’affaires. The Russian Foreign Ministry summoned Estonian Ambassador Margus Laidre and ordered him to leave the country by Feb. 7. The statement issued by the ... Read More »
Be the first to comment!Poland pushes for more tanks for Kyiv, will seek German OK
By Monika Scislowska, The Associated Press on January 23rd, 2023
WARSAW, Poland (AP) – Poland will ask Germany for permission to send some of the Polish army’s Leopard tanks to Ukraine, Polish Prime Minister Mateusz Morawiecki said Monday, as he pushes Europe to send more military hardware to Kyiv amid complaints that Germany is being too slow in helping to thwart Russia’s invasion. Morawiecki didn’t ... Read More »
Be the first to comment!Poland pushes for more tanks for Ukraine, asks for German OK
By Monika Scislowska, The Associated Press on January 23rd, 2023
WARSAW, Poland (AP) – Poland will ask Germany for permission to send some of the Polish army’s Leopard tanks to Ukraine, Polish Prime Minister Mateusz Morawiecki said Monday, as he pushes Europe to send more military hardware to Kyiv amid complaints that Germany is being too slow in helping to thwart Russia’s invasion. Morawiecki didn’t ... Read More »
Be the first to comment!Russia expels Estonia’s ambassador
By The Associated Press on January 23rd, 2023
MOSCOW (AP) – Russia is expelling Estonia’s ambassador and the country’s diplomatic mission will be headed by a charge d’affaires, the Russian Foreign Ministry said Monday. Estonian Ambassador Margus Laidre was ordered to leave the country by Feb. 7, the ministry said. The statement said that Estonia’s diplomatic representation from now on will be downgraded ... Read More »
Be the first to comment!Poland to ask Germany for go-ahead to send tanks to Ukraine
By The Associated Press on January 23rd, 2023
WARSAW, Poland (AP) – Poland will ask Germany for permission to send Leopard tanks to Ukraine, Polish Prime Minister Mateusz Morawiecki said Monday. Morawiecki didn’t specify when the request will be made. He said that Poland is building a coalition of nations ready to send Leopards. Even if there is no permission from Germany, Warsaw ... Read More »
Be the first to comment!A quarter of Canadians think prices will eventually fall. Here’s why that’s unlikely
By Nojoud Al Mallees, The Canadian Press on January 23rd, 2023
OTTAWA – What goes up doesn’t necessarily come down. That’s contrary to the sentiment of a surprisingly large proportion of respondents to the Bank of Canada’s quarterly consumer expectations survey, released last week. According to the survey, more than a quarter of Canadians believe that current decades-high prices will drop five years from now. “What ... Read More »
Be the first to comment!Missing your favourite lunch spot? How food courts are emerging from the pandemic
By Tara Deschamps, The Canadian Press on January 22nd, 2023
TORONTO – As workers in Toronto’s Financial District scurry through the Brookfield Place food court on their lunch breaks, the darkened Starbucks at the space’s far end looms large. The coffee shop’s stainless steel coffee machines have sat lifeless and its shelves empty since the COVID-19 pandemic pushed the building’s denizens to work from home. ... Read More »
Be the first to comment!Federal cabinet set for three-day retreat in Hamilton ahead of Parliament’s return
By Mia Rabson, The Canadian Press on January 22nd, 2023
OTTAWA – The ongoing affordability crunch and the threat of a looming recession will be front and centre as the federal Liberal cabinet holds a post-holiday cabinet retreat this week. Prime Minister Justin Trudeau and his ministers will spend the next three days in a Hamilton hotel, hammering out their political and policy strategy for ... Read More »
Be the first to comment!Elon Musk takes witness stand to defend Tesla buyout tweets
By Michael Liedtke, The Associated Press on January 20th, 2023
SAN FRANCISCO (AP) – Elon Musk appeared in court Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening. The tweet resulted in a $40 million settlement with securities regulators. It also led to a class-action lawsuit alleging he ... Read More »
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