Business World

The ongoing strike by autoworkers at automotive plants in the United States will idle manufacturing plants in Canada in a matter of days, according to industry experts. UAW has threatened to expand strike action if no 'serious progress' in negotiations American autoworkers will strike at 38 more supplier plants as …

The Authors Guild, a U.S. trade group for writers, filed the proposed class-action on Tuesday on behalf of 17 plaintiffs, including big literary names John Grisham, Jodi Picoult, Roxane Gay, Suzanne Collins, Doug Preston George R.R. Martin and Jonathan Franzen. The Authors Guild's proposed class action says writers should be …

Adidas CEO Bjorn Gulden said he doubts that Ye, the artist formerly known as Kanye West, "meant what he said" when he made a series of antisemitic and other offensive remarks last year. Company has faced lawsuits, and is sitting on $1.3B worth of Kanye-branded kicks Adidas CEO Bjorn Gulden …

Rupert Murdoch has stepped down as the chairman of Fox Corp. and News Corp., ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States. Son Lachlan Murdoch, the co-chair and CEO of Fox, will take over as chair of News …

Cisco Systems has agreed buy cybersecurity firm Splunk for about $28 billion US in its biggest-ever deal to beef up its software business and capitalize on the rising use of artificial intelligence, the companies said on Thursday. Takeover would be Cisco's most expensive ever Cisco Systems has agreed buy cybersecurity …

The U.S. Federal Reserve held interest rates steady on Wednesday but suggested it expects one more small rate hike before the end of the year — and a very low chance of significant cuts any time before 2025. Investors expect rate cuts, but more than half of Fed members say …

The list of creditors to insolvent sports drink company BioSteel is a high-profile lineup of companies small and large. It shows prominent pro sports franchises, leagues and superstars are collectively owed millions of dollars. Canadian sports drink company has a myriad of ties with professional sports stars, teams and leagues …

Japan plans to import millions of tons of ammonia in the next few years as part of a push to decarbonize that country’s power generation — an initiative that could present a big opportunity for Alberta’s energy sector. Country plans to ramp up ammonia imports to decarbonize coal plants Japan …

Unifor and Ford have reached a tentative contract deal, averting a strike that would have seen around 5,600 Canadian workers hit the picket lines, and providing a roadmap for an agreement for thousands of other autoworkers employed by General Motors and Stellantis. Contract deal comes a day after strike deadline …

A former president and CEO of Sobeys is being remembered today for his role in transforming the Stellarton grocer from a regional business into a multi-billion dollar company. Condolences rolling in for former chairman and president of Sobeys Inc. A former president and CEO of Sobeys Inc. is being remembered …