Result Page 466 for Latest Business News & Archive

The Trans Mountain pipeline, whose pieces are seen here at a storage lot in Abbotsford, Canada in June 2021 waiting to be assembled, is no longer profitable, the office of the Parliamentary Budget Officer concluded in a report

Troubled Canada Pipeline No Longer Profitable: Budget Watchdog

Troubled Canada pipeline no longer profitable: budget watchdog

USTR Tai Calls U.S. Tariffs On Chinese Goods 'Significant' Leverage

U.S. President Joe Biden delivers remarks at an event marking Amtrak's 50th Anniversary, at the 30th Street Station in Philadelphia, Pennsylvania, U.S., April 30, 2021.

U.S. Trade Representative Katherine Tai on Wednesday said that she views tariffs on Chinese goods as "a significant piece of leverage" in the U.S.-China trade relationship and removing them would likely have a limited effect on controlling short-term inflation.

U.S. Consumer Watchdog Issues Review Of Excessive Credit Card Fees

A customer signs the credit card pad as he pays for a purchase at Macy's in New York November 26, 2010.

The top U.S. consumer watchdog on Wednesday unveiled a measure that would scrutinize excessive credit card fees and demand card issuers disclose more data around revenue and expenses in a bid to stamp out abuses and boost competition.

Electric Vehicles Could Take 33% Of Global Sales By 2028-AlixPartners

Electric vehicle sales could reach 33% globally by 2028 and 54% by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday.

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In a call last week, Chinese President Xi Jinping (R) assured his Russian counterpart Vladimir Putin (L)that China would support Russia on 'sovereignty and security'

Xi Warns About 'Expanding Military Alliances' At BRICS Summit: State Media

Xi warns about 'expanding military alliances' at BRICS summit: state media

Shopify Unveils New Tools, Twitter Tie-up To Beat E-commerce Slowdown

Shopify Inc has launched new tools to help its merchants sell to other businesses and on Twitter, as the Canadian tech giant attempts to shore up sales to counter a post-pandemic slowdown in online shopping.

A specialist trader is reflected in a screen at his post on the floor of the New York Stock Exchange, August 21, 2015.

Navigating M&As Amid Murky Markets

Dealing with mergers and acquisitions during turbulent economic times can be tricky, but they don't have to be.

Ford Sees 'Significant' Job Cuts As It Picks Spain For EV Production

Ford Motor Co said on Wednesday it will start producing electric vehicles in Spain later this decade but that would imply "significant" job cuts at its Spanish factory and another one in Germany amid its ambitious electrification push in Europe.

A Red Air jet is seen after catching fire while landing at Miami International Airport on June 22, 2022

Passenger Jet Catches Fire While Landing At Miami Airport

Passenger jet catches fire while landing at Miami airport

Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, U.S., March 29, 2021. Picture taken March 29, 2021.

Auto Industry CEOs Urge Congress To Quickly Pass Chips Funding

Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S.

Employees work as Japan's biggest power generator JERA prepares for restart of some aged units while building new units at its Anegasaki gas-fired power station in Chiba, near Tokyo, Japan June 22, 2022.

Japan's JERA Prepares To Revive A Second Aged Power Unit At Anegasaki

JERA, Japan's biggest power generator, has started preparation work to restart another aged power generation unit at its Anegasaki thermal power station, near Tokyo, to help the region avoid any power crunch during the peak winter demand season.

Bidders Weigh Offers Valuing Toshiba At Up To $22 Billion-sources

Bidders for Toshiba Corp are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion.

Wall Street Ends Little Changed After Powell Remarks

Wall Street's main indexes ended little changed in choppy trading on Wednesday after Federal Reserve Chair Jerome Powell spoke to the central bank's aim to bring down inflation.

Tech-heavy Nasdaq Turns Positive After Powell's Remarks

Wall Street's main indexes cut losses and the Nasdaq turned positive on Wednesday after Federal Reserve Chair Jerome Powell said the U.S.

US President Joe Biden is seeking a temporary federal gas tax holiday as prices across the country soar

Biden Seeks Fuel Tax Suspension To Help Fight Inflation Pain

Biden seeks fuel tax suspension to help fight inflation pain

Gasoline prices are displayed at an Exxon gas station behind American flag in Edgewater, New Jersey, U.S., June 14, 2022.

Biden Asks Congress For Gas Tax Holiday To Lower Record Pump Prices

U.S. President Joe Biden on Wednesday called for a three-month suspension of the federal gasoline tax to combat record prices, but opposition from lawmakers within his own party suggests the request may never be met.

Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022.

EU Signals Shift To Coal, Accuses Russia Of 'Rogue Moves' On Gas

The European Union will temporarily shift back to coal to cope with dwindling Russian gas flows without derailing longer term climate goals, an EU official said on Wednesday as a tight gas market and soaring prices set off a race for alternative fuels.

The euro sign is photographed in front of the former headquarters of the European Central Bank in Frankfurt, Germany, April 9, 2019. Picture is taken on slow shutter speed while the camera was moved.

MarketAxess, Tradeweb And Bloomberg Plan Joint EU Bond Price Feed

MarketAxess, Tradeweb and Bloomberg said on Wednesday they were exploring a single price feed for corporate and government bonds in the European Union as the bloc works to better integrate its capital market.

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 15, 2022.

European Stocks Bounce Off Lowest In More Than A Year After Powell Remarks

European stocks bounced off session lows on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is "strongly committed" to bringing down inflation.

Decades-high inflation is causing a cost-of-living crisis in Britain

UK Inflation Hits Fresh 40-year High In Cost-of-living Crisis

UK inflation hits fresh 40-year high in cost-of-living crisis

Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021.

COVID-19 Vaccine Scheme For World's Poorest Pushes For Delivery Slowdown

Leaders of the global scheme aiming to get COVID-19 vaccines to the world's poorest are pushing manufacturers including Pfizer and Moderna to cut or slow deliveries of about half a billion shots so doses are not wasted.

Pierluigi Fusco and Norbert Toth, co-ordinators of the National Construction Class Action, a lobbying group for small building firms that are unable to obtain payment for work done under government "superbonus" green incentives, pose for a photograph in C

Analysis-Italy's "drugged" Construction Boom Hits A Wall

Innovative incentives for people to green up their homes revived Italy's construction sector last year, boosted its economy and drew international praise.

A car is plugged in at a charging point for electric vehicles in London, Britain, March 6, 2018.

Umicore Plan To Double Down On Battery Business Knocks Almost $1 Billion Off Market Cap

Belgium's Umicore on Wednesday presented a 5 billion euro plan to bulk up its battery materials business by 2026, as it prepares for soaring demand largely driven by electrical vehicle production.

A branch of Credit Agricole bank is seen in Warsaw, Poland, July 3, 2018. Picture taken July 3, 2018.

Credit Agricole Sees Profit Topping 6 Billion Euros In 2025, Growth In Italy

French bank Credit Agricole is targeting a net profit of more than 6 billion euros ($6.3 billion) by 2025 and sees strong potential for its business in Italy, it said on Wednesday as it unveiled a new strategic plan.

A monitor displays stock market information on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 18, 2022.

Friday's Russell Rebalance May Stoke More Volatility In Nervous Stock Market

Investors in the volatile U.S. stock market are preparing for what may be one of the heaviest trading days of the year on Friday, as FTSE Russell completes the rebalancing of indexes that are tracked by trillions of dollars in investor funds.

A Bombardier employee works on interior completions and exterior touch-ups for delivery preparation of the Global aircraft at Bombardier's Laurent Beaudoin Completion Centre in Montreal, Quebec, Canada March 29, 2022.

Bombardier Workers Vote On Contract Offer, Threat Of Strike Looms

Bombardier Inc workers on a key program for the Canadian business jet maker will decide on Wednesday whether to accept a new contract offer or walk off the job.

Reference books help identify ships observed from the sky

France's Eye In The Sky: Tracking Russian Vessels In The Baltic

France's eye in the sky: Tracking Russian vessels in the Baltic

A sign of Greenland Holdings Corp. Ltd. is seen on its building in Beijing, China March 11, 2022.

S&P Cuts Chinese State-backed Developer Greenland To 'Selective Default'

Chinese state-backed Greenland Holdings Corp Ltd was on Wednesday downgraded to "selective default" by rating agency S&P Global, after the property developer extended the maturity of its $500-million bonds by one year.

Aviation industry experts are cautious about how long the current high demand will last

Air Tickets Set To Keep Climbing From Pandemic Low: Experts

Air tickets set to keep climbing from pandemic low: experts

Iranian pistachio wholesaler Abbas Emami and his daughter Marjan

Iran's Oldest Pistachio Trader Readies Daughter To One Day Take Over

Iran's oldest pistachio trader readies daughter to one day take over

Fears are rising that a place once considered one of the most prosperous trade hubs on the Silk Road could disappear without oversight

Ancient Afghan Buddhist City Threatened By Chinese Copper Mine

Ancient Afghan Buddhist city threatened by Chinese copper mine

Oil prices are down on fears about the impact on demand from a possible recession, though analysts expect them to remain elevated owing to tight supplies

Oil Prices Tumble On Recession Fears As Equities Decline

Oil prices tumble on recession fears as equities decline

Employees of the foreign exchange trading company Gaitame.com work in front of monitors showing the Japanese yen exchange rate against the U.S. dollar, the euro and Nikkei share average at its dealing room in Tokyo, Japan June 22, 2022.

Stock Rally Fizzles On Revived Inflation Fears

Asian stocks slipped across the board on Wednesday, failing to extend Wall Street's rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar.