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National Business
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Turquoise Hill Resources signs definitive agreement with Rio Tinto
TORONTO — Turquoise Hill Resources Ltd. has signed a definitive agreement that will see Rio Tinto acquire the 49 per cent stake in the miner it does not already own. The deal follows an agreement in principle the companies reached last week.
Sep 6, 2022 11:38 AM
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Deal with union averts pilot strike at Germany's Lufthansa
BERLIN (AP) — A union representing pilots at Lufthansa on Tuesday called off a planned two-day strike after a last-minute agreement with Germany's biggest airline in a pay dispute.
Sep 6, 2022 10:20 AM
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Cannabis retailer Superette granted court protection from creditors
TORONTO — Cannabis retailer Superette Inc. has been granted court protection from creditors under the Companies’ Creditors Arrangement Act. The Ontario Superior Court made the order on Aug. 30. The initial stay period is until Sept. 9.
Sep 6, 2022 10:18 AM
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Centerra Gold names Paul Wright as interim chief executive
TORONTO — Centerra Gold Inc. says Paul Wright has been named interim president and chief executive. Wright replaces Scott Perry in the top job while the board works to find a permanent chief executive.
Sep 6, 2022 9:23 AM
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Workers falling behind as some corporations see record profits, labour leaders say
OTTAWA — A record labour shortage and rising wages may seem like good news for workers, but labour leaders say employees aren't seeing the gains that corporations are experiencing amid sky-high inflation.
Sep 5, 2022 3:17 PM
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Macron urges French to save energy, seeks 10% drop in use
PARIS (AP) — French President Emmanuel Macron is calling for a sharp 10% reduction in the country’s energy use in coming weeks and months to avoid the risk of rationing and cuts this winter, amid tensions with supplier Russia over the war in Ukraine
Sep 5, 2022 12:23 PM
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OPEC+ makes small trim to world oil supplies as prices fall
FRANKFURT, Germany (AP) — OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude prices — along with the cost
Sep 5, 2022 9:58 AM
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Liz Truss set to become new UK Conservative prime minister
LONDON (AP) — Liz Truss has been elected as the Conservative Party's new leader, the party announced Monday, and she will take office Tuesday as Britain's new prime minister to steer the country through an acute cost-of-living crisis.
Sep 5, 2022 9:52 AM
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Local businesses expect TIFF sales boost, but not as high as pre-pandemic years
TORONTO — In pre-pandemic times, restaurant owner Junior Sritharan would start preparing six months in advance for the Toronto International Film Festival.
Sep 5, 2022 7:00 AM
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Spidey tops box office while Cinema Day draws millions
LOS ANGELES (AP) — “Spider-Man: No Way Home” has swung back on top of the box office during a holiday weekend where American theaters aimed to lure moviegoers with discounted $3 tickets.
Sep 4, 2022 3:17 PM
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