South Australian winemaker Jarrad White spent almost a decade building his business in China. Then, in a matter of months, it all fell apart. It had nothing to do with the quality of White’s wines at his vineyard in McLaren Vale, one of South Australia’s premier winegrowing regions. Instead, it was the result of months […]
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Adidas says it will offload struggling U.S. fitness brand Reebok as part of a strategic overhaul. The German sportswear company said in a statement on Tuesday that it has decided to begin a formal process “aimed at divesting Reebok” following a review of the business that it announced late last year. “Reebok and Adidas will […]
CLEVELAND — The Black owner of 14 McDonald’s franchises in Ohio says one of the world’s largest restaurant chains has shown more favourable treatment to white owners and denied him the opportunity to buy restaurants in more affluent communities, according to a civil rights lawsuit filed Tuesday in federal court in Youngstown. The lawsuit filed […]
NEW YORK — The frenzy around GameStop’s stock may have quieted down, but the outsized influence small investors had in the saga is likely to stick around. No one expects another supernova like GameStop to happen again, where a band of smaller-pocketed investors helped boost a struggling company’s stock 1,000% in two weeks. But the […]
MONTREAL — Air Canada has informed Transat AT Inc. that it will not allow more time for its scheduled acquisition of the company to go through, Transat says. The date set to complete the acquisition was Feb. 15, but since the deal has not yet received approval from the European Union, both parties now have […]
SILVER SPRING, MD. — After a wild week in which Bitcoin soared to new heights, Bitcoin crossed the US$50,000 mark early Tuesday. Bitcoin rallied throughout the as more companies signalled the volatile digital currency could eventually gain widespread acceptance as a means of payment for goods and services. Bitcoin has been mostly seen as a […]
TOKYO — Global shares advanced on Tuesday, lifted by the economic recovery, vaccine rollouts and signs that new coronavirus cases may be abating. U.S. markets were closed Monday for Washington’s Birthday, a national holiday. Shanghai remains closed for the Lunar New Year, until Thursday. France’s CAC 40 edged up nearly 0.2% to 5,795.86 in early […]
Statistics Canada says manufacturing sales rose 0.9 per cent to $54.2 billion in December, led by sales of wood products, transportation equipment, and petroleum and coal products. The agency says there were record-high sales of wood products in the final month of 2020, as higher lumber prices pushed sales up 8.3 per cent to $3.7 […]
EDMONTON — The United Food and Commercial Workers union has confirmed that the Olymel plant in Red Deer has been temporarily shut down. The move comes after 35-year-old Darwin Doloque, a worker at the plant died from COVID-19 on Jan. 28. The plant is currently dealing with an outbreak. The president of United Food and […]
TORONTO — Bitcoin-based exchange traded funds are getting the go-ahead from Canadian regulators, creating a path for a fund structure that investment managers say is unique in the industry. Toronto-based Purpose Investments says its Bitcoin ETF will likely start trading this week under the symbol “BTCC,” after the fund worked with regulators to make sure […]