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February 26, 2020

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Alphabet still facing questions over data use in its Toronto smart city project proposal

Reuters
by Reuters02
FILE PHOTO: A Google logo is displayed at the entrance to the internet based company’s offices in Toronto, Ontario, Canada September 9, 2018. REUTERS/Chris Helgren TORONTO (Reuters) – Alphabet’s proposed “smart” city development in Toronto is facing fresh questions over the project’s data-gathering technology from a panel advising the Canadian......
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New York Post

Starbucks to debut Beyond Meat breakfast sandwich in Canada

NYPost
by NYPost07
New York Post – For more and to sign up click here Starbucks Canada is going plant-based for breakfast. On Wednesday, the coffee chain announced that its very first faux-meat menu item — the Beyond Meat, Cheddar and Egg Sandwich — will be debuting on March 3 as part of......
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Reuters - Business

Starbucks to launch Beyond Meat plant-based breakfast sandwich in Canada

Reuters
by Reuters07
FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – Starbucks Corp said on Wednesday its Canadian stores will start selling a Beyond Meat Inc plant-based breakfast sandwich next week, the first time......
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Reuters - Business

U.S. airlines, hotels extend rebooking options as coronavirus spreads

Reuters
by Reuters03
(Reuters) – U.S. airlines and hotels are extending options for customers to rebook travel to a growing list of countries, including Italy, as coronavirus cases spiked outside of China and sparked fears of a global pandemic. The United States told Americans on Tuesday to begin preparing for the coronavirus to......
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Environment

Canada Oil-Sands Plan Collapses Over Politics and Economics

@BreaknNews
by @BreaknNews05
A major effort to expand development of Canada’s oil sands has collapsed shortly before a deadline for government approval, undone by investor concerns over oil’s future and the political fault lines between economic and environmental priorities. Nine years in the planning, the project would have increased Canada’s oil production by......
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Reuters - Business

Canceled Teck oil sands project underscores global climate-energy policy tension

Reuters
by Reuters017
WINNIPEG, Manitoba/OTTAWA (Reuters) – Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy, underscores a global struggle to balance energy growth with environmental concerns. FILE PHOTO: Visitors pass a logo of Teck Resources Ltd......
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Reuters - Business

Teck drops C$20.6 billion oil sands Frontier project, to take writedown

Reuters
by Reuters02
TORONTO (Reuters) – Canadian miner Teck Resources Ltd has withdrawn an application to build its C$20.6 billion ($15.7 billion) Frontier oil sands mine in Alberta, days before the federal government was to decide on whether to approve a project opposed by environmentalists and indigenous groups. FILE PHOTO: Teck Resources sign......
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Reuters - Business

As Teck oil sands mine hopes for okay from Canada’s Trudeau, 20 other projects on hold

Reuters
by Reuters014
WINNIPEG, Manitoba (Reuters) – As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources’ Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. FILE PHOTO: Rows of steam generators line a road at the......
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Reuters - Business

RBC to launch U.S. consumer bank betting on wealthy clients

Reuters
by Reuters09
(Reuters) – Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its chief financial officer told Reuters on Friday after the bank posted first-quarter profit that beat expectations. The Royal Bank of Canada......
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Reuters - Business

Shopify to join Facebook-led Libra currency group

Reuters
by Reuters07
FILE PHOTO: Shadow of a 3D-printed Facebook Libra cryptocurrency logo is seen near cryptocurrency representation in this illustration taken, September 13, 2019. REUTERS/Dado Ruvic (Reuters) – Canadian e-commerce company Shopify Inc said on Friday it would join Libra Association, a group that manages Facebook Inc led efforts to launch a......
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Reuters - Business

Telus says 5,000 jobs at risk if forced to open network to wireless resellers: report

Reuters
by Reuters011
FILE PHOTO: Darren Entwistle, President and CEO of Telus Corporation, delivers his speech to shareholders during their annual general meeting in Edmonton May 9, 2012. REUTERS/Dan Riedlhuber/File Photo (Reuters) – Telus Corp could cut 5,000 jobs and C$1 billion in investments over the next five years if the Canadian telecom......
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Reuters - Business

Airbus investing up to 1 billion euros in A220 passenger jet program this year

Reuters
by Reuters05
Airbus chief executive Guillaume Faury (L) and Quebec Premier Francois Legault speak with reporters after Bombardier sold off its remaining minority stake in the A220 jetliner program, at the Airbus facility in Mirabel, Quebec, Canada February 20, 2020. REUTERS/Christinne Muschi MONTREAL (Reuters) – Airbus SE (AIR.PA) plans to invest between......
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Reuters - Business

Exclusive: Canadian regulator considers changes to new drug pricing plan

Reuters
by Reuters03
TORONTO (Reuters) – Canada’s drug pricing agency is contemplating significant changes to how it will apply new regulations aimed at lowering costs, Reuters has learned, as drugmakers unhappy with the policy delay introducing new medicines in the country and blame it for job cuts. FILE PHOTO: A pharmacist counts prescription......
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Reuters - Business

Thomson Reuters close to naming ex-Nielsen president Hasker as CEO: sources

Reuters
by Reuters07
(Reuters) – Thomson Reuters Corp (TRI.TO) (TRI.N) is close to naming former Nielsen Holdings Plc (NLSN.N) president Steve Hasker as its next chief executive, succeeding Jim Smith, according to people familiar with the matter. FILE PHOTO: A Thomson Reuters logo is pictured on a building during the World Economic Forum......
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Reuters - Business

Fresenius Medical says fourth-quarter operating profit up 3%

Reuters
by Reuters04
FILE PHOTO: Fresenius headquarters in Bad Homburg near Frankfurt, Germany, February 27, 2018. REUTERS/Ralph Orlowski/ FRANKFURT (Reuters) – Germany’s Fresenius Medical Care (FMEG.DE) on Wednesday said quarterly adjusted operating income edged 3% higher as growth in dialysis services and products was partly offset by a negative adjustment for accounts receivable......
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Reuters - Business

Business jet deliveries hit decade high in 2019, helped by new models

Reuters
by Reuters01
FILE PHOTO: Prototypes of chaise lounge for Bombardier’s Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal, Quebec, Canada, December 19, 2018. Picture taken December 19, 2018. REUTERS/Christinne Muschi (Reuters) – Business jet deliveries across the globe......
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Reuters - Business

China races to contain job losses as coronavirus batters economy

Reuters
by Reuters05
BEIJING (Reuters) – When cameraman Mark Xia returned to his job this month after holidays, the Shanghai video production house where he worked told him to take three months of leave with no pay, as a coronavirus epidemic takes a toll of China’s businesses. FILE PHOTO: A guard measures the......
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Reuters - Business

Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm

Reuters
by Reuters04
(Reuters) – U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings (HSBA.L) in exchange for the British bank’s cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said. FILE PHOTO: The Huawei logo is seen on a communications device in London,......
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Reuters - Business

Alstom, Bombardier shares fall after $6.7 billion rail deal

Reuters
by Reuters05
PARIS/MONTREAL (Reuters) – Shares of Alstom SA (ALSO.PA) and Bombardier Inc (BBDb.TO) fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.......
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Reuters - Business

Alstom shares fall after its $6.7 billion Bombardier rail deal

Reuters
by Reuters07
PARIS (Reuters) – Alstom (ALSO.PA) shares fell on Tuesday after the French firm agreed to buy the rail division of Canada’s Bombardier (BBDb.TO) for up to 6.2 billion euros ($6.7 billion), in a deal likely to be scrutinized by regulators and unions. FILE PHOTO: A logo of Alstom is seen......
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