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Microsoft pledges to let EU users keep data inside bloc
LONDON — Microsoft is pledging to let business and public sector customers in the European Union keep cloud computing data inside the 27-nation bloc to avert concerns about U.S. government access to sensitive information.
May 6, 2021 11:32 AM
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Productivity rebounds at solid 5.4% rate in first quarter
WASHINGTON — U.S. productivity posted a sharp rebound between January and March after falling in the previous quarter. Labor costs declined slightly. Productivity increased at an annual rate of 5.4% in the first quarter, recovering from a 3.
May 6, 2021 11:32 AM
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Bank of England expects best year for UK economy since 1941
LONDON — The Bank of England has kept interest rates on hold as it forecast the fastest annual pace of growth for the British economy since early on in World War II, largely as a result of the rapid rollout of coronavirus vaccines.
May 6, 2021 11:31 AM
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In the shadow of COVID-19, a toll on entertainment workers
NEW YORK — Like so many, the pandemic upended life for actor and dancer Rena Riffel. The Los Angeles-based performer needed help with rent, utilities and counselling when jobs suddenly dried up.
May 6, 2021 11:12 AM
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Magna reports Q1 profit more than doubles from year ago, sales up 18 per cent
AURORA, Ont. — Magna International Inc. said a strong recovery in the global auto sector and massive growth in the Chinese market led to a first-quarter profit of US$615 million, up from US$261 million a year ago as its sales rose 18 per cent.
May 6, 2021 11:04 AM
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US unemployment claims fall to a pandemic low of 498,000
WASHINGTON — The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market's growing strength as businesses reopen and consumers step up spendin
May 6, 2021 8:45 AM
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Netflix series signals racial breakthrough in Italian TV
MILAN — The Netflix series “Zero,” which premiered globally last month, is the first Italian TV production to feature a predominantly Black cast, a bright spot in an otherwise bleak Italian television landscape where the persistent use of racist lang
May 6, 2021 2:47 AM
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Gildan reinstates dividend after beating expectations with strong Q1 results
MONTREAL — Gildan Activewear Inc. reinstated its dividend as it swung to a US$98.5-million profit in the first quarter with help from a U.S. pandemic support program for cotton users. The Montreal-based company, reporting in U.S.
May 5, 2021 6:55 PM
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Sun Life earns $937 million in Q1, takes charge for redefining role of office
TORONTO — Sun Life Financial Inc. says its net profit grew to $937 million in the first quarter as it recorded a restructuring charge related to redefining the role of the office.
May 5, 2021 6:39 PM
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Manulife core earnings surge in Q1 on contribution from higher new business
TORONTO — Manulife Financial Corp. says its core net profits surged in the first quarter but overall net income attributed to shareholders was lower due to a steepening yield curve in North America.
May 5, 2021 6:20 PM
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