Tesla CEO Elon Musk has said the company will roll out the latest beta version of its “full self-driving” software to 1,000 owners this weekend. Yet there aren’t actually any self-driving cars for sale today, according to autonomous vehicle experts and the U.S. National Highway Traffic Safety Administration, which regulates cars. Tesla’s “full […]
Category Archives: Business
A spotlight that has been thrown on how many of the rich and powerful shield their wealth is also intensifying a fear among philanthropy experts: That the tax havens being used by the wealthy will increasingly siphon money away from charitable causes. Wealthy Americans have long sought to use charitable contributions to reduce […]
BEIRUT – Lebanon’s two main power plants were forced to shut down after running out of fuel, the state electricity company said Saturday, leaving the small country with no government-produced power. Lebanon is grappling with a crippling energy crisis made worse by its dependency on fuel imports. Erratic power supplies have put hospitals […]
LONDON – Britain’s most energy intensive manufacturers, including producers of steel, glass, ceramics and paper, have warned the government that unless something is done about soaring wholesale gas prices they could be forced to shut down production. Wholesale gas prices have increased 400% this year in Europe, partly due to low stocks and […]
TORONTO – The recent release of terabytes of data on offshore financial records dubbed the “Pandora Papers” has once again thrust the ultra-wealthy into the spotlight for their use of offshore tax havens and how they spend their millions. Unlike 2016’s Panama Papers, in which Canadian companies and figures featured more prominently, the […]
NEW YORK – Former U.S. President Donald Trump’s company lost more than US$70 million on his Washington, D.C., hotel during his four years in office despite taking in millions from foreign governments, according to documents released Friday by a congressional committee investigating his business. The House Committee on Oversight and Reform said the […]
CALGARY – The delivery team at Flower Chix typically puts in 300 to 400 km a day on the road, delivering fresh floral arrangements around Calgary and the surrounding area. That means that even in normal times, gasoline is no small part of this small independent florist shop’s budget. When gas prices spike […]
TORONTO – Gains in the energy and financial sectors nudged Canada’s main stock index higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 48.53 points at 20,464.74. In New York, the Dow Jones industrial average was up 54.26 points at 34,809.20. The S&P 500 index […]
BEIJING – China saw a major dip in travel over the past week’s National Day vacation. People staying home appeared to have chosen the cinema instead, with a patriotic Korean War film taking in more than 3.45 billion yuan (US$535 million) at the box office. The official Xinhua News Agency reported that over […]
LONDON — Google will ban digital ads promoting false climate change claims from appearing next to other content, hoping to limit revenue for climate change deniers and stop the spread of misinformation on its platforms. The company said Thursday in a blog post that the new policy will also apply to YouTube, which last week […]