BP is the latest company to pause Red Sea shipments over fears of Houthi attacks
By Courtney Bonnell, The Associated Press on December 18th, 2023
LONDON (AP) – Oil and natural gas giant BP has joined the growing list of companies that have halted their shipments through the Red Sea because of the risk of attack from Yemen’s Houthi rebels, threatening a major trade route in what is expected to have global effects. London-based BP said Monday that it has ... Read More »
Be the first to comment!1 in 4 Canadians fear income won’t cover basic needs: Salvation Army poll
By The Canadian Press on December 18th, 2023
TORONTO, Australia – A new survey suggests one in four Canadians are extremely concerned about having enough income to cover their basic needs, with the highest degree of hardship being felt by single parents. The Salvation Army released the data today as part of their annual report examining Canadians’ attitudes and experiences with poverty and ... Read More »
Be the first to comment!Gildan chair Donald Berg says CEO change a careful and deliberate process
By The Canadian Press on December 18th, 2023
MONTREAL – Gildan Activewear Inc. says its plan to replace co-founder Glenn Chamandy as chief executive was a multi-year, careful and deliberate process that included him at appropriate times. Chamandy said last week that he was terminated without cause after four decades with the company, including nearly 20 years as president and chief executive. Several ... Read More »
Be the first to comment!Storied US Steel to be acquired for more than $14 billion by Nippon Steel
By Michelle Chapman, The Associated Press on December 18th, 2023
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The deal’s announcement comes several months after U.S. Steel rejected a $7.3 ... Read More »
Be the first to comment!Tim Hortons celebrates its 60th birthday in 2024. Here’s a timeline of its history
By The Canadian Press on December 18th, 2023
TORONTO – Tim Hortons is considered part of the fabric of Canada, but long before the chain became synonymous with the country, it had humble beginnings as a coffee and doughnut shop. As the company turns 60 in 2024, this is a look back at its history. May 17, 1964: The first Tim Hortons location ... Read More »
Be the first to comment!Full disclosure: companies face emissions reporting mandates even as Canada lags
By Ian Bickis, The Canadian Press on December 18th, 2023
TORONTO – It’s getting harder for companies to hide their dirty secrets. Regulators around the world are increasingly forcing them to disclose their carbon emissions, along with other key climate change considerations such as how much financial risk they face. Momentum is building as the rising dangers from wildfires, droughts and floods become harder to ... Read More »
Be the first to comment!Tim Hortons to revive beloved dutchie, other favourites to mark 60th anniversary
By Tara Deschamps, The Canadian Press on December 18th, 2023
TORONTO – For roughly two decades, Canadians have been telling Tim Hortons something’s missing from the company’s menu: The dutchie. The sweet, square-shaped treat speckled with raisins dates back to the brand’s 1964 inception but was taken off the menu in the early 2000s. It made a short-lived reappearance in 2017 for Canada’s 150th anniversary. ... Read More »
Be the first to comment!Chilean voters reject conservative constitution, after defeating leftist charter last year
By MarÃa Verza And Patricia Luna, The Associated Press on December 17th, 2023
SANTIAGO, Chile (AP) – Chilean voters rejected on Sunday a proposed conservative constitution to replace the country’s dictatorship-era charter. With 96% of votes counted late Sunday, about 55.8% had voted “no” to the new charter, with about 44.2% in favor. The vote came more than a year after Chileans resoundingly rejected a proposed constitution written ... Read More »
Be the first to comment!‘Smoke screen’: Canadian airlines use NDAs to keep a lid on passenger settlements
By Christopher Reynolds, The Canadian Press on December 17th, 2023
MONTREAL – Colleen Dafoe was at the Halifax airport last December with her husband and daughter when WestJet told her their trip was cancelled. The airline suggested rescheduling them on a flight more than 10 days later, she said – well after the end of their planned vacation to the Dominican Republic to celebrate Dafoe’s ... Read More »
Be the first to comment!Quebec’s electricity ambitions reopen old wounds in Newfoundland and Labrador
By Jacob Serebrin, The Canadian Press on December 17th, 2023
MONTREAL – As Quebec prepares to ramp up electricity production to meet its ambitious economic goals, the government is trying to extend a power deal that has caused decades of resentment in Newfoundland and Labrador. Around 15 per cent of Quebec’s electricity comes from the Churchill Falls dam in Labrador, through a deal set to ... Read More »
Be the first to comment!Cardinal is convicted of embezzlement in big Vatican financial trial, sentenced to 5½ years
By Nicole Winfield, The Associated Press on December 16th, 2023
VATICAN CITY (AP) – A Vatican tribunal on Saturday convicted a cardinal of embezzlement and sentenced him to 5 1/2 years in prison in one of several verdicts handed down in a complicated financial trial that aired the city state’s dirty laundry and tested its justice system. Cardinal Angelo Becciu, the first cardinal ever prosecuted ... Read More »
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