Category: Business & Economy

HONG KONG (AP) — China’s exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country’s recovery from the pandemic. Customs data released Friday show exports declined 7.5% in March from a year earlier, while imports slipped 1.9%. Both figures fell short of estimates. In…

As their rivalry intensifies, U.S. and Chinese military planners are gearing up for a new kind of warfare in which squadrons of air and sea drones equipped with artificial intelligence work together like a swarm of bees to overwhelm an enemy. The planners envision a scenario in which hundreds, even thousands of the machines engage…

As their rivalry intensifies, U.S. and Chinese military planners are gearing up for a new kind of warfare in which squadrons of air and sea drones equipped with artificial intelligence work together like a swarm of bees to overwhelm an enemy. The planners envision a scenario in which hundreds, even thousands of the machines engage…

NEW YORK (AP) — JPMorgan Chase continued to warn investors Friday that it expects a “uncertain” year for markets and the global economy, citing stubbornly high inflation and ongoing geopolitical tensions. The remarks came as JPMorgan — as well as its major competitors Citigroup and Wells Fargo — reported their first quarter results. JPMorgan had…

WASHINGTON (AP) — President Joe Biden is headed to his hometown of Scranton, Pennsylvania on Tuesday to talk about who he believes should be paying more in taxes (billionaires) and who should be paying less (everyday Americans). Biden’s campaign said in an announcement on Friday the upcoming speech on the day after Tax Day in…

LONDON (AP) — A review of the Bank of England’s economic forecasting that was published Friday and undertaken by Ben Bernanke, the former chair of the U.S. Federal Reserve, has found “significant shortcomings” that should be addressed to better inform future interest rate decisions. Following widespread criticism about the Bank of England’s forecasts, Bernanke was…

Toronto’s airports authority has announced a multibillion-dollar plan to update and modernize Toronto Pearson Airport. The Greater Toronto Airports Authority said it launched the first phase of procurement for Pearson LIFT, a plan intended to help the airport meet growing demand for its services.  “This is the very beginning of what will be a decade-long…

TORONTO — Corus Entertainment Inc. reported a loss attributable to shareholders of $9.8 million in its latest quarter compared with a loss of $15.5 million a year earlier as its revenue fell 13 per cent. The television and radio broadcaster says the loss amounted to five cents per diluted share for the quarter ended Feb.…

MONTREAL — MTY Food Group Inc. reported its first-quarter profit fell compared with a year earlier as its revenue also declined. MTY chief executive Eric Lefebvre says the results were hurt by reduced consumer spending and extreme weather, primarily in the first six weeks of 2024. The restaurant franchisor and operator reported a profit of…

DETROIT (AP) — The U.S. government’s auto safety agency has opened an investigation into a Ford recall for gasoline leaks from cracked fuel injectors that can cause engine fires, saying in documents that the remedy doesn’t fix the leaks. The National Highway Traffic Safety Administration said in documents posted Friday that the probe will “evaluate…