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Latest News
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7:43Four years after Meng Wanzhou's arrest, U.S. moves to drop remaining indictment
The U.S. Department of Justice is asking a New York judge to dismiss the remaining indictment against Huawei executive Meng Wanzhou.
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9:14U.S. hiring and wages extend strong gains, keeping pressure on Fed
U.S. employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost chances of higher interest rates from the Federal Reserve.
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Manufacturing in U.S. contracts for first time since May 2020
U.S. manufacturing contracted in November for the first time since May 2020 as output weakened in the face of a third-straight month of shrinking orders.
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7:46Elizabeth Holmes sentenced to 11 years for Theranos fraud
Elizabeth Holmes was ordered to spend more than 11 years in prison for fraudulently building her blood-testing startup Theranos into a US$9 billion company that collapsed in scandal.
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Chinese lottery winner keeps US$30M jackpot secret from wife and child
A man in southern China is keeping his 219 million yuan ($29.9 million) lottery jackpot a secret from his wife and child, saying he was worried that the winnings might make them lazy.
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2:12Sunak urges U.K. Tory unity in face of 'existential threat'
Rishi Sunak called on his warring Conservative Party to unite as the U.K.’s incoming prime minister bids to fix the crisis facing the economy.
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3:57Truss quits, but U.K.'s political and economic turmoil persist
British Prime Minister Liz Truss quit Thursday after a tumultuous and historically brief term marred by economic policies that roiled financial markets and a rebellion in her political party that obliterated her authority.
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5:36Bostic reveals trading missteps, adding to U.S. Fed ethics scandal
Another top U.S. Federal Reserve official revealed he violated central bank policy on financial transactions, leading Chair Jerome Powell to open a probe in the latest chapter of a broader Fed ethics scandal.
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4:13Canada wants Russia to be barred from IMF and G-20
Canada and its allies want Russia out of Ukraine, with the northern nation also pushing for it to be ejected from the international community entirely.
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0:00Argentina government intervenes after country runs out of World Cup stickers
A shortage of World Cup stickers in soccer-crazed Argentina is triggering a public commotion and even forcing the government to intervene two month’s before the year’s biggest sporting event.
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2:29Kanye West is done with corporate America. He'll go it alone
Rapper and designer Kanye West, who now goes by Ye, says he’s done with his corporate partners and plans to branch out solo.
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2:18Elon Musk's ex-girlfriend auctions billionaire's photos, mementos from college
Elon Musk’s ex-girlfriend is selling off some mementos of their college relationship -- and they’re proving pretty popular.
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Transition to King Charles as Canada's head of state automatic after Queen's death
As momentous as the death of Queen Elizabeth II may be after 70 years on the throne, it's pretty much business as usual in terms of Canada's governance.
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7:02The Queen, Britain's longest-reigning monarch, dies at 96
Elizabeth II, Queen of the United Kingdom, Canada and the Commonwealth, died Thursday at the age of 96.
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2:38Mickey Mantle card sells for record US$12.6M as sports memorabilia soar
A mint condition Mickey Mantle baseball card sold for US$12.6 million, blasting into the record books as the most ever paid for sports memorabilia in a market that has grown exponentially more lucrative in recent years.
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4:35Threats of blackouts drive Japan to embrace nuclear again
Japan is planning a dramatic shift back to nuclear power more than a decade on from the Fukushima disaster, aiming to restart a sweep of idled reactors and to develop new plants using next-generation technologies.
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6:30Euro falls below parity with the dollar. What's the impact?
The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency.
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5:14Thai instant noodle makers seeking first price hike in 14 years
Thai instant noodle makers petitioned the government on Tuesday to let them raise retail prices for the first time in 14 years, saying higher production costs have cut their returns.
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12:10China shocks with rate cut as data show 'alarming' slowdown
China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain.
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Rhine River gets too shallow in another crisis for European energy
The Rhine River fell to a new low on Friday, further restricting the supply of vital commodities to parts of inland Europe as the continent battles with its worst energy crisis in decades.
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7:07Russia resumes Nord Stream gas flow, bringing Europe respite
Russia began sending natural gas to Europe through the Nord Stream pipeline system after a pause, bringing relief to a continent whose economy is starting to wobble under the strain of reduced supplies.
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2:59Ousting of U.K. PM Boris Johnson won't affect ties with Canada, trade talks
The Canadian government says the ousting of U.K. Prime Minister Boris Johnson by his party will not affect Canada's negotiations on a free-trade agreement.
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Beer made from recycled toilet water wins admirers in Singapore
“NEWBrew” is no ordinary beer. The new Singapore blond ale is made with recycled sewage.
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7:01World's top restaurant Noma can't turn profit on US$700 lunch menu
Noma, the Copenhagen restaurant which has repeatedly been voted the world’s best, lost money for the first time in four years in 2021 even after receiving COVID-19 support from the Danish government.
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4:03G7 leaders favour LNG investment in U-turn due to energy crisis
Investments in liquefied natural gas -- already booming as Europe seeks to cut its energy dependence on Russia -- are set to get another boost, even amid longstanding climate concerns.
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4:03Russia slips into historic default as sanctions muddy next steps
Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.
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Leonardo Del Vecchio, billionaire Ray-Ban owner, dies at 87
Leonardo Del Vecchio, the Italian entrepreneur who started with a tiny optics workshop in the Dolomite mountains and ended up as the undisputed world leader in eyewear, has died. He was 87.
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7:06Clean energy spend falls short of climate goals, IEA says
Investments into renewable power are set to make up the bulk of spending on energy this year, but still won’t be enough for the world to achieve net-zero carbon emissions over the next three decades, according to the IEA
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6:29Freeland, Yellen say they are working together to combat soaring global inflation
Finance Minister Chrystia Freeland and U.S. Treasury Secretary Janet Yellen say the two countries are working together to combat rising inflation by ensuring supply chains are more resilient.
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4:40Shippers with pollution-curbing equipment see huge fuel savings
Ship-owners that invested in pollution-reducing equipment to let them burn dirtier fuel are enjoying massive discounts due to a supply glut.
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6:47Travellers to U.S. will no longer need a COVID test as of June 12
The Biden administration is lifting its requirement that all travelers test negative for coronavirus before flying to the US, amid pressure from airlines that viewed the measure as excessive and blamed it for depressing ticket purchases.
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8:08New Ukraine ambassador calls European energy crisis an opportunity for Canada
Ukraine's new ambassador to Canada says Canadian oil and gas companies can help in the fight against Russia by entering and expanding into the European market.
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Second-richest Russian megayacht is back: Destination unknown
A US$150-million ultra-luxurious superyacht tied to Russia’s second-richest citizen Leonid Mikhelson, who is facing sanctions, reappeared after nearly two weeks without broadcasting its location. Its final destination is unclear.
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2:08U.S. to toughen enforcement of Russia, China export violations
The U.S. plans to increase the penalties for companies violating rules that limit export of products that threaten national security, an effort recently focused on countries including Russia and China, according to a top Biden administration official.
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10:29Russia dodges default for now as investors get dollar funds
Russia’s closely watched dollar payments on two bonds are trickling through to investors after the country dipped into its local holdings of the U.S. currency and sidestepped its first foreign default in a century.
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8:44G-20 wrestles with response if Putin shows up at Bali summit
Russia’s war in Ukraine is looming large over a Group of 20 summit that’s still seven months off, with officials frantically preparing in case President Vladimir Putin decides to turn up.
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8:00Russia pays US$102M coupon, taking a step back from default
Russia has made a US$102 million interest payment as the world’s biggest energy exporter continues to service its foreign bonds despite financial isolation after the invasion of Ukraine.
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4:08Boeing’s tenuous recovery in China shaken by latest 737 crash
Boeing faces a new crisis after a 737 jet fell out of the sky in China, renewing concerns about its best-selling family of planes and extending one of the most turbulent periods in the aviation titan’s century-long history.
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2:59Russia’s debt at risk of nonpayment, S&P says in new rating cut
S&P Global Ratings cut Russia’s credit score, saying the country’s debt is “highly vulnerable to nonpayment.”
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6:09A list of Canadian companies cutting ties with Russia over invasion of Ukraine
A number of Canadian companies have suspended or moved to withdrawal from Russia following its unprovoked invasion of Ukraine. Here is a partial list of those firms: