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National Business
National Business
B.C. seeks to regulate electricity for cryptocurrency miners, citing huge demands
VICTORIA — British Columbia is proposing legal changes that would allow the government to regulate the supply of electricity to cryptocurrency miners.
Apr 11, 2024 3:09 PM
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Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates
WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool it.
Apr 11, 2024 2:33 PM
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Environmentalists protest as Biden administration approves huge oil export terminal off Texas coast
WASHINGTON (AP) — In a move that environmentalists called a betrayal, the Biden administration has approved construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States.
Apr 11, 2024 2:13 PM
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Postmedia reports $20.1M loss in Q2, revenue down 13 per cent from year ago
TORONTO — Postmedia Network Canada Corp. reported a net loss of $20.1 million in its latest quarter compared with a loss of $20.8 million a year earlier as its revenue fell 13 per cent.
Apr 11, 2024 1:48 PM
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Auto parts maker Magna International signs strategic partnership with Sanctuary AI
VANCOUVER — Magna International Inc. has signed a strategic partnership with Sanctuary AI for the development of general purpose AI robots for use in the company's manufacturing operations.
Apr 11, 2024 12:19 PM
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As world's central banks wrestle with when to cut rates, Europe signals it's ready to move
FRANKFURT, Germany (AP) — The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks, including the U.S.
Apr 11, 2024 11:12 AM
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'The root cause of my debt': Sales are tempting. How to avoid falling for offers
TORONTO — The drawers were overflowing with skin care products and makeup — three different blushes, many eyeshadows, a dozen different mascaras, foundation and serum samples sitting unused for years.
Apr 11, 2024 11:10 AM
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Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case
HANOI, Vietnam (AP) — Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country's largest financial fraud case ever, state media Vietnam Net said.
Apr 11, 2024 10:30 AM
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Cineplex reports March box office revenue up 46 per cent from year ago
TORONTO — Movie theatre company Cineplex Inc. says its box office revenue for March was up 46 per cent compared with a year ago, helped by "Dune: Part Two" and "Kung Fu Panda 4." The company says its box office revenue totalled $59.
Apr 11, 2024 10:01 AM
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US producer prices rose 2.1% from last year, most since April, but less than forecasters expected
WASHINGTON (AP) — U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. And wholesale inflation eased on a month to month basis.
Apr 11, 2024 9:53 AM
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