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business
Prosecutor: Michael Avenatti saw dollar signs in Nike fraud
NEW YORK - A deep-in-debt Michael Avenatti threatened to deploy his big social media and television presence like a "modern weapon" to try to extort up to $25 million from Nike, a prosecutor claimed W...
The Canadian Press
Jan 29, 2020
Fed chair sees China virus as possible risk to world economy
WASHINGTON - Just as the outlook for the global economy had been brightening in recent months, a new threat has suddenly emerged in the form of the viral outbreak in China. That was the cautionary mes...
The Canadian Press
Jan 29, 2020
Canadian oil producers prepared for temporary price slump as virus spreads
OTTAWA - Canada's energy industry is not overly alarmed as the new coronavirus coming out of China is taking a bite out of world oil prices. Oil prices began dropping in mid-January when the first con...
The Canadian Press
Jan 29, 2020
Bad timing: New virus poses threat to fragile world economy
This should be peak season for a 12-room hotel near the train station in the Chinese industrial hub of Wuhan. The Chinese New Year usually brings in plenty of travellers and delivers profits of around...
The Canadian Press
Jan 28, 2020
Canada eyes U.K.'s decision to grant Huawei partial access to 5G network
OTTAWA - Britain is granting Huawei partial access to its next-generation wireless network, but it still considers the Chinese telecom company a security risk that requires special attention...
The Canadian Press
Jan 28, 2020
UK to allow Huawei equipment in 5G networks but not in 'core' parts
LONDON - Britain decided Tuesday to allow Chinese tech giant Huawei to supply new high-speed network equipment, leaving Canada as the last of the "Five Eyes" intelligence alliance to announce a policy...
The Canadian Press
Jan 28, 2020
Countries evaluate evacuation of citizens in virus epicenter
TOKYO - Countries with citizens in the central Chinese city that's the epicenter of a viral outbreak are planning evacuations as the number of illnesses grow and China takes drastic measures to try to...
The Canadian Press
Jan 27, 2020
China virus outbreak rams global tourism, costing billions
Businesses around the world that have grown increasingly reliant on big-spending tourists from China are taking a heavy hit, with tens of millions of Chinese residents restricted from leaving their co...
The Canadian Press
Jan 27, 2020
NY, feds sue 'Pharma Bro' for 'scheme' to keep drug price up
NEW YORK - State and federal authorities sued imprisoned entrepreneur Martin Shkreli on Monday over tactics that shielded a profitable drug from competition after a price hike made the so-called "Phar...
The Canadian Press
Jan 27, 2020
Despite renewed strikes, France pushes on with pension plan
PARIS - Women workers danced in protest and striking Eiffel Tower employees shuttered France's most famed monument Friday - but the government pushed ahead anyway with a troubled bill redesigning the ...
The Canadian Press
Jan 24, 2020
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