CALGARY — The president and country head for Shell Canada says its transition into a provider of cleaner energy is being driven by a network of “agile teams” of employees who are examining between 30 and 40 project ideas at a time. Michael Crothers says the teams formed from employees brought in from various parts […]
Tag Archives: Canada
TORONTO — Canadian stock market activity soared in February as an investor frenzy for stocks such as BlackBerry Ltd.’s was accelerated by surplus cash from COVID-19 lockdowns. Total volume on all TMX equity markets — The Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange and Montreal Exchange — rose to 26.2 billion in February, […]
MILAN — Stellantis CEO Carlos Tavares on Wednesday said the new car company formed from the merger of Fiat Chrysler Automobiles and PSA Peugeot would be a “disruptive” force in the industry, and that both sides would provide technologies to achieve the promised 5 billion euros (US$6 billion) in cost savings each year. The Italian-American […]
MILAN — Fiat Chrysler Automobiles and PSA Peugeot on Wednesday reported their last financial statements as independent companies, each contributing full-year profits of around 2 billion euros to the new company, Stellantis, formed in January. Fiat Chrysler reported adjusted net profits in the pandemic year of 1.9 billion euros ($2.3 billion), down 57% from 2019. […]
LONDON — In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost US$67,000 on a 10-second video artwork that he could have watched for free online. Last week, he sold it for $6.6 million. The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital […]
HOUSTON — A federal judge ordered Exxon Mobil to pay a US$14.25 million civil penalty Tuesday in an 11-year-old lawsuit alleging it violated the Clean Air Act for eight years at its flagship Baytown, Texas, refinery. In setting the penalty, which would go to the U.S. Treasury, U.S. District Judge David Hittner of Houston reduced […]
BANGKOK — Stocks are higher in Europe and Asia after a wobbly day on Wall Street, when the S&P 500 gave back most of its gains from a day earlier. Benchmarks rose Wednesday in Paris, London, Tokyo and Shanghai. U.S. futures also advanced. Investors have taken heart from an easing in bond yields that has […]
With Australians still unable to travel abroad due to pandemic restrictions, flag carrier Qantas is launching a series of “Mystery Flights” to encourage domestic travel. Travelers who book one of the three journeys on offer will put their fates into the hands of the airline. The one-day trips, which go on sale March 4, fly […]
CANBERRA, AUSTRALIA — Rio Tinto chairman Simon Thompson said Wednesday he was accountable for the mining giant destroying sacred Indigenous sites in Australia to access iron ore and he will not seek reelection as a board director next year. Thompson’s announcement came after former chief executive Jean-Sebastien Jacques announced his resignation last September over the […]
OTTAWA — The federal government is telling an appeal court it had to provide U.S. authorities with customer information from Canadian banks to avoid possibly “catastrophic effects” on Canada’s economy. The U.S. Foreign Account Tax Compliance Act, known as FATCA, requires banks and other institutions in countries outside the United States to report information about […]