Skip to content

National Business

Japan PM vows no virus rebound as emergency measures end

Japan PM vows no virus rebound as emergency measures end

TOKYO — Japan's Prime Minister Yoshihide Suga pledged Sunday to do his utmost to prevent a resurgence of the coronavirus ahead of the Olympic torch relay and his upcoming visit to Washington.
Oil giant Saudi Aramco sees 2020 profits drop to $49 billion

Oil giant Saudi Aramco sees 2020 profits drop to $49 billion

DUBAI, United Arab Emirates — Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets. Saudi Arabian Oil Co.
Twitter to establish legal entity in Turkey, comply with law

Twitter to establish legal entity in Turkey, comply with law

ISTANBUL — Twitter has announced it will establish a legal entity in Turkey in order to continue operating in the country, which passed a controversial social media law last year.
Manufacturers hopeful COVID-19 will force a rethink of Canada's supply chains

Manufacturers hopeful COVID-19 will force a rethink of Canada's supply chains

Penny Wise became president of 3M Canada on Feb. 18, 2020, just as the COVID-19 virus was beginning to take hold in Canada. 3M had tackled health crises before, but like most Canadians, Wise had no idea how much the world was about to change.

Turkey's president fires central bank governor by decree

ISTANBUL — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for hiking interest rates and promising tighter monetary policies.

Saudi Arabia: Drones attack Riyadh oil facility, no damage

DUBAI, United Arab Emirates — A drone attack struck an oil installation in Saudi Arabia’s capital of Riyadh on Friday, the Saudi state-run news agency reported, igniting a blaze at the facility deep in the kingdom's territory.
Infrastructure bank launches Indigenous initiative, advocates say money not enough

Infrastructure bank launches Indigenous initiative, advocates say money not enough

TORONTO — The Canada Infrastructure Bank is launching a program dedicated to upgrading transportation, clean power and internet networks in Indigenous communities, but advocates say the initiative doesn't go far enough.
Chevron to stop flow of funds after failing to sell stake in Kitimat LNG project

Chevron to stop flow of funds after failing to sell stake in Kitimat LNG project

CALGARY — The decision by Chevron Canada Ltd. to stop funding its proposed Kitimat LNG project on B.C.'s north coast isn't surprising given its failed attempt to sell its stake over the past 15 months, an analyst says.
Laurentian Bank unionized employees vote 56.6 per cent to decertify, CIRB says

Laurentian Bank unionized employees vote 56.6 per cent to decertify, CIRB says

MONTREAL — The Laurentian Bank of Canada's unionized employees have voted to decertify, reversing the position they took three years ago. The Montreal-based bank says it was informed by the Canada Industrial Relations Board (CIRB) that 56.
Ontario loosening pandemic capacity restrictions on restaurants

Ontario loosening pandemic capacity restrictions on restaurants

TORONTO — Ontario is loosening restrictions on restaurants, allowing outdoor dining in Toronto and Peel Region while increasing capacity in other regions starting Saturday.