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National Business
National Business
TikTok names exec at Chinese parent ByteDance as new CEO
The hit video app TikTok said Friday that an executive at its Chinese parent company, ByteDance, will now also serve as TikTok CEO. The new CEO, Shouzi Chew, is the chief financial officer of ByteDance.
Apr 30, 2021 8:57 AM
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EU accuses Apple of antitrust breach over App Store rules
LONDON — European Union regulators accused Apple on Friday of violating the bloc's antitrust laws, alleging the iPhone maker distorts competition for music streaming by imposing unfair rules for rival services in its App Store.
Apr 30, 2021 8:38 AM
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Strike ends at Volvo plant in Va. as tentative deal reached
A strike at a Volvo plant in Virginia has ended following a tentative deal between the workers' union and automaker. The UAW Volvo Truck Council said Friday that Volvo Truck workers will be scheduled to return to their regular shifts on Monday.
Apr 30, 2021 8:38 AM
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GM spending on Mexico electric vehicle plant angers US union
DETROIT — An announcement by General Motors that it would invest more than $1 billion at a Mexican factory that will build electric vehicles has angered the United Auto Workers union.
Apr 30, 2021 8:37 AM
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Europe's economy shrinks in first quarter as US rolls ahead
FRANKFURT — Europe's economy shrank 0.
Apr 30, 2021 6:13 AM
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US wages and benefits jump as economy reopens
WASHINGTON — Wages and benefits grew quickly for U.S. workers in the first three months of the year, a sign that businesses are starting to offer higher pay to fill newly-opened jobs. U.S. workers’ total compensation rose 0.
Apr 30, 2021 6:05 AM
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Bell buys Formula One Canadian Grand Prix promoter Octane Racing Group Inc.
MONTREAL — Bell has signed a deal to buy the promoter of the Formula 1 Canadian Grand Prix in a move it says will bring financial stability to the race. Financial terms of the agreement for Montreal's Octane Racing Group Inc.
Apr 30, 2021 5:23 AM
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Rising loonie hits 'sweet spot,' likely to climb further: economists
Economists say the Canadian dollar is at a 'sweet-spot' after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn't hurt businesses too much. The loonie traded for 81.
Apr 30, 2021 1:00 AM
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Ontario paid sick leave plan 'inadequate, unfair,' small business group says
TORONTO — A group of small business owners and advocates says Ontario's recently announced paid sick leave plan is "inadequate and unfair" for small businesses.
Apr 29, 2021 6:03 PM
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Fairfax swings to US$806M Q1 profit on surge in revenues; donates US$5M to India
TORONTO — Fairfax Financial Holdings Ltd. says it swung to an US$806-million profit attributable to shareholders in the first quarter on an increase in premiums as it donates millions of dollars to help India deal with increase in COVID-19 cases.
Apr 29, 2021 3:17 PM
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