Business

Members of the Progressive Conservative front bench listen as Lt.-Gov. Antoinette Perry closes out the spring sitting of the P.E.I. legislature. – Stu Neatby

P.E.I.'s spring sitting of the legislature has closed. Here are three takeaways

The 27 members of P.E.I.’s legislature headed back to their districts for the summer after a 31-day sitting closed on April 23. The spring sitting saw the Progressive Conservative government of Premier Dennis King pass another record-high budget, ...

Updated 17 hours ago |7 min read

Roll Up to Win confusion: Cape Bretoners disappointed after Tim Hortons email mistake

Updated 7 hours ago |6 min read

In this Saltwire file photo, a person rolls up the rim of their Tim Hortons cup to see if they are a winner or not, which was how the contest was run until 2021 when they decided to make it a digital-only game. SALTWIRE FILE

Time to double the quota? Owner of only N.L. fish plant to process exclusively northern cod thinks stocks are ready and is working to regain its position in global marketplace

Updated 15 hours ago |7 min read

A cod is tagged earlier in 2024 as part of the Northern Cod Fishery Improvement Project in Newfoundland and Labrador, a collaborative effort by industry partners to improve the science of understanding the stock and to elevate its place in the global market. Contributed/Atlantic Groundfish Council

Leon's furniture store completes relocation from Charlottetown to Summerside

Updated a day ago |5 min read

CBRM seeks land-use bylaw change for supportive housing units

Updated 19 hours ago |5 min read

Toyota to delay EV production launch in US to 2026, Mid Japan Economist reports

Updated just now |1 min read

A welding robot assembles bodyworks on a Yaris car at the assembly line of the Toyota Motor Manufacturing France (TMMF) plant in Onnaing near Valenciennes, France, March 30, 2023.

Toyota hits record output, sales in FY2023/24

Reuters |Updated 9 minutes ago |1 min read

TOKYO (Reuters) - Toyota Motor said on Thursday its global sales and production hit record highs in the year ended March 31, thanks to robust demand in each region and the lack of semiconductor supply constraints it had to endure in recent years.

A general view of the BASF chemical industry company in Schwarzheide, Germany, November 1, 2022.

BASF post slight Q1 earnings drop but beats forecast

Reuters |Updated just now |1 min read

BERLIN (Reuters) - Germany's BASF said first-quarter adjusted earnings fell 5.3% compared with the same quarter last year, to 2.7 billion euros ($2.89 billion), but still came in above analysts' consensus. In a statement on Thursday, the German ...

A worker attends to machinery at a smelter plant at Anglo American Platinum's Unki mine in Shurugwi, Zimbabwe, May 16, 2019.

BHP to reshape copper market with Anglo bid

Reuters |Updated 10 minutes ago |2 min read

MELBOURNE (Reuters) - London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would make the world's biggest listed miner also the largest producer of copper globally. The deal, ...

Morning Bid: Gearing up for the tech roller-coaster ride

Reuters |Updated 10 minutes ago |2 min read

A look at the day ahead in European and global markets from Ankur Banerjee Tech stocks are yet again set to sway the wider markets after a lacklustre forecast from Facebook parent Meta Platforms sparked a broad sell-off across regions. Meta's ...

Toyota says to partner with Tencent in China

Reuters |Updated 10 minutes ago |1 min read

BEIJING (Reuters) - Toyota Motor will partner with tech giant Tencent in China, it said on Thursday, as it looks to expand its position in the competitive auto market. The world's largest automaker by volume made the announcement as it unveiled ...

A general view of the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019.

Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg says

Reuters |Updated 20 minutes ago |1 min read

(Reuters) - Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg News reported, citing people familiar with the ...

A pit head is seen at the Tumela platinum mine, an Anglo-American open pit mine located in Thabazimbi, Limpopo Province, South Africa June 9, 2016.

Factbox-Anglo American, BHP mining operations around the world

Reuters |Updated 29 minutes ago |2 min read

(Reuters) - British multinational miner Anglo American on Thursday said it had received an all-share takeover proposal from the world's largest listed miner, BHP Group. The deal, if agreed, would give BHP access to more copper, one of the most ...

People look at the new iPhone 15 Pro as Apple's new iPhone 15 officially goes on sale across China at an Apple store in Shanghai, China September 22, 2023.

Apple loses top spot in China market with shipments down 6.6% in Q1, data shows

Reuters |Updated 30 minutes ago |1 min read

(Reuters) - Apple lost its crown as China's biggest smartphone seller in the first quarter of 2024 as its smartphone shipments fell 6.6% from a year ago amid intense competition, preliminary data from research firm IDC showed on Thursday. Honor ...

German Chancellor Olaf Scholz walks with Mathias Geisen, Head of the Mercedes-Benz Vans, Joerg Burzer, Member of the Board of Management of Mercedes-Benz and Dr. Markus Keicher, head of production and site at the Mercedes-Benz Ludwigsfelde plant, as he visits the production site of Mercedes Benz Ludwigsfelde GmbH in Ludwigsfelde in the south of Berlin, Germany, April 28, 2023.

Mercedes-Benz to launch luxury electric van for Chinese market

Reuters |Updated 39 minutes ago |1 min read

FRANKFURT (Reuters) - Mercedes-Benz is planning to launch a luxury electric van for the Chinese market based on its VAN.EA platform, the head of the carmaker's vans division told German magazine WirtschaftsWoche. "A super-luxury variant, so to ...

A person takes a photo while looking toward the Manhattan skyline on the Winter Solstice in Brooklyn, New York City, U.S., December 21, 2021.

Slow, but solid US economic growth anticipated in Q1; inflation likely heats up

Lucia Mutikani |Updated 40 minutes ago |4 min read

By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth likely slowed to a still-solid pace in the first quarter while inflation accelerated, reinforcing financial market expectations that the Federal Reserve would delay cutting interest ...