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Latest News
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Seagram's heiress gets 81 months in prison in cult case
Clare Bronfman, an heiress to the Seagram Co. liquor fortune, was sentenced to 81 months in prison for her role in securing female victims for the Nxivm sex cult founded by Keith Raniere.
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Oxford-Astra COVID vaccine review to start in Europe
European regulators are set to start an accelerated review of a Covid-19 vaccine front-runner from the University of Oxford and AstraZeneca Plc, according to a person with knowledge of the situation, in a sign the shot could be the first to seek approval in the region.
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NFL postpones Titans-Steelers game in league's first COVID delay
The NFL has its first postponement due to COVID-19, a troubling milestone for a league with scant capacity for scheduling changes.
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U.S. economy plunges 31.4% in spring but big rebound expected
The U.S. economy plunged at a record rate in the spring but is poised to swing to a record increase in the quarter that is just ending.
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1:12Disney, Shell cuts mark warning sign for global economic rebound
Tens of thousands of job cuts announced by blue-chip companies in the last 24 hours are a warning sign for the world’s recovery and emerge just ahead of two key reports forecast to show limited progress in the U.S. labor market.
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COVID-19 threatens to wipe out decades of progress for U.S. women
The pandemic has erased years of economic gains for women and is poised to leave lasting economic scars
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Congressional reports recommend stiffer response to China's rise
Congressional Republicans are urging key industries to shift supply chains away from China and calling for stricter limits on some China-related investments, according to a report out Wednesday.
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'Game changing' 15-minute COVID-19 test cleared in Europe
Becton Dickinson and Co.’s Covid-19 test that returns results in 15 minutes has been cleared for use in countries that accept Europe’s CE marking, the diagnostics maker said Wednesday.
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2:49Reliance to buy Canadian crude as threats of Venezuela sanctions rise
Venezuela’s dwindling oil exports were dealt another blow as one of India’s top refiners plans to buy Canadian supplies on concern that the U.S. is poised to step up sanctions against Caracas.
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NFL's Titans, Vikings suspend activities after positive tests
The Tennessee Titans and Minnesota Vikings suspended in-person team activities after three Titans players and five staff members tested positive for COVID-19.
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Worldwide death toll from coronavirus eclipses 1 million
The worldwide death toll from the coronavirus has eclipsed 1 million, nine months into a crisis that has devastated the global economy, tested world leaders' resolve, pitted science against politics and forced multitudes to change the way they live, learn and work.
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Barrett confirmation fight adds fuel to battle over U.S. Senate
A bruising Senate confirmation fight over President Donald Trump’s Supreme Court choice may seal the fates of several incumbent senators in the November election, though it has yet to drastically alter the odds for which party will control the chamber.
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Sweden's government dodges Green split after oil plans shelved
One of the Nordic region’s biggest oil refineries has halted an expansion that threatened to break up Sweden’s governing coalition, comprising the Social Democrats and the Green Party.
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Merkel warns Germany could exceed 19,000 COVID cases a day
Germany will face more than 19,000 new COVID-19 cases a day by Christmas if the current trend in infections isn’t halted, Chancellor Angela Merkel warned on Monday.
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There's less than 1% chance of catching COVID-19 flying, says airline exec
Four major U.S. airlines share thoughts on blocked middle seats, the future of business travel, and the issues that’ll affect flying beyond the pandemic.
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Geneva voters agree to US$25 minimum hourly wage
Geneva voted in favor of a minimum hourly wage of 23 francs (US$25), the latest effort in Switzerland to ensure people are able to live decently from their salary.
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Fire in California wine country expands as thousands flee
PG&E Corp. said it will cut power to about 267,000 people in Northern California in its latest effort to prevent its power lines from toppling over and sparking wildfires in high winds.
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Early COVID treatments could be 'bridge' to vaccine, Fauci says
Monoclonal antibodies that stop the coronavirus from spreading in the body are among promising strategies for averting severe illness from COVID-19 before vaccines arrive, said Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.
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Tokyo Olympics organizers to cut staff, events to reduce costs
The Tokyo Olympic organizing committee and the International Olympic Committee agreed to cut costs by simplifying next year’s games in 52 areas, including staffing and events.
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COVID antibodies endure over six months in China trial subjects
The amount of COVID-19 antibodies in trial subjects who received China’s experimental vaccines remained high six months after the first shots, said a top Chinese scientist, projecting confidence that the country will be among the first to produce effective inoculation against the coronavirus.
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U.K. announces new plan to help workers hit by pandemic
Britain's treasury chief announced a new income support program Thursday for workers hurt by the coronavirus pandemic, as the government races to prevent widespread layoffs when earlier employer subsidies end next month.
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COVID vaccine to be widely available by April, CDC chief says
Hospitalization rates among children with Covid-19 increased during the summer, according to the U.S. Centers for Disease Control and Prevention.
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COVID-19 wipes out an estimated 500M jobs worldwide
The damage to labor markets from the coronavirus is proving worse than anticipated, according to the International Labour Organization, which also sees a much slower recovery at the end of this year.
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U.K. warns of 7,000-truck line in worst-case Brexit scenario
The U.K. government is warning of 7,000 truck-long queues in Kent in a “reasonable worst case” scenario due to Brexit, a stark assessment of the potential chaos when Britain leaves the European Union’s single market and customs union at the end of the year.
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2:50Inter Pipeline reaches $715M deal for European storage assets
Under the terms of the deal, CLH will acquire Inter Pipeline’s 15 storage terminals in the United Kingdom, Ireland, Netherlands and Germany, which have about 18 million barrels worth of storage capacity.
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6:05Public health officials urge limited contact as Canada signs vaccine deal
There will be a dramatic resurgence of COVID-19 cases in Canada unless people limit contact with others in coming days, the country's chief public health officer warns.
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Sweden could introduce restrictions in Stockholm after uptick
Swedish authorities are weighing whether to tighten restrictions in the capital Stockholm after a localized uptick of coronavirus cases over the past few weeks.
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Egypt, Greece, Cyprus form six-member Mediterranean gas group
Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring for the fuel in contested waters, is not as yet included.
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CDC removes guidance about airborne virus spread from website
The U.S. Centers for Disease Control and Prevention removed from its website what it said was draft guidance posted late last week stating that the coronavirus could spread through the air in small particles at distances of more than six feet.
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GE to stop supplying equipment for new coal-fired power plants
General Electric Co. plans to stop supplying new coal-fired power plants, exiting a market that relies on the dirtiest fossil fuel to focus on gas turbines and renewable energy equipment.
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Woman accused of sending ricin letter to White House arrested
A woman suspected of sending an envelope containing the poison ricin, which was addressed to White House, has been arrested at New York-Canada border, three law enforcement officials told The Associated Press on Sunday.
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Music festivals create their own 'bubbles' to get partiers back out
Two-stage COVID-19 testing is being piloted as a strategy to safely reopen the live events sector.
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Powell and Mnuchin set to get grilled on need for more stimulus
Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin are set to be grilled by lawmakers Tuesday on the need for more stimulus to shore up the U.S. economy’s recovery from the coronavirus slump.The focus of the House Financial Services Committee hearing will likely fall on fiscal policy, with time running short for Congress to agree on another round of spending measures before it shuts down ahead of November elections.The $2 trillion bill passed in March has helped producti
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'Schitt’s Creek' sweeps comedy Emmys after Netflix 'spark'
The more the TV business changes, the more the Emmy Awards stay the same.
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'Nomadland' wins People's Choice Award at TIFF, putting it on path to Oscars
“Nomadland” directed by Chloe Zhao won the Toronto International Film Festival People’s Choice Award, setting it up as a potential frontrunner in the upcoming Oscars.
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Ruth Bader Ginsburg, second woman on U.S. Supreme Court, dies at 87
U.S. Supreme Court Justice Ruth Bader Ginsburg died Friday evening of complications from pancreatic cancer, the court said in a statement.
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5:53CDC backtracks on controversial virus testing guideline change
The U.S. Centers for Disease Control and Prevention issued new guidelines Friday saying people who have had close contacts with someone with a coronavirus infection need a test, even if they don’t have symptoms.
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4:12Partial closure of Canada-U.S. border extended to Oct. 21
Crossings of the border have been largely restricted to trade goods, essential workers and citizens returning home since March, in an attempt to limit the spread of COVID-19.
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Sending money to U.S. requires trade-off between cost or convenience
Terry Ritchie, who splits his time between Calgary and Phoenix, Ariz., and his son, a WestJet pilot, often find themselves facing a dilemma: Should they pony up fees to transfer some money from their U.S. accounts to Canada, or be patient and use a slower, more complicated process that costs less.
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Powell can't disguise the limits of monetary policy
The Federal Reserve has left the main questions about its new approach unanswered.