Flair Airlines had four of its planes seized after overdue payments, disrupting flights for customers and shaking public confidence on the future of low-cost carriers in Canada. Touria Izri looks at the fallout from the mishap, and what it could mean for Canadians looking to save money on air travel in the future.
Ian Vogler/ReutersSamantha Markle has lost her defamation case against her half-sister, the Duchess of Sussex, after a judge in Florida granted a motion to dismiss.Samantha lodged her case in March 2022, when she sued Meghan Markle for “defamation and injurious falsehoods” along with “malicious lies” in a number of alleged instances, including during the Duchess’ well-publicized sit-down interview with Oprah Winfrey alongside husband Harry.Samantha also claims Meghan’s Florida fanbase “became an
(Bloomberg) -- The startup of a new Chinese oil refinery is fueling a rebound in heavy crude oil markets just weeks after prices bottomed out. Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida Cities$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketFBI Releases Files on Ivana TrumpScotiabank Economist Excoriates Trudeau, Freeland Over $32 Billion Spending BoostChina’s state-owned PetroChina, owner of the new plan
Russia's largest carmaker, Avtovaz, said on Thursday that it was bringing forward an annual three-week company summer holiday by several weeks because of component shortages. Russia's auto industry has been hit hard by the fallout of Western sanctions and Russia's military campaign in Ukraine, having previously been reliant on Western investment, parts and partnerships. The company said it was working to establish new logistics corridors, and in 2022 found ways to replace more than 200 car parts that some countries were refusing to export to Russia.
Air India, until recently tied to an antiquated manual pricing system when setting airfares, is shifting to algorithm-based software long used by rivals to help it squeeze out more revenue from each flight. In another sign of the formerly government-owned carrier's whirlwind transformation under its new owner Tata Group, Air India is testing ChatGPT, OpenAI's popular chatbot, to replace paper-based practices. The push to modernise underscores the decay left by years of under-investment as Air India looks to shed decades-old bureaucratic processes and recapture customers from Dubai's Emirates and powerful domestic rival IndiGo.
Once you've entered retirement, you'll need to have a plan for your retirement savings account. Ideally, you'll utilize these savings in a way that can make your nest egg last for years to come -- but...
Chinese luxury electric vehicle (EV) maker Human Horizons will launch its premium HiPHi brand in some European markets later this year as the company looks to expand overseas, a top executive said on Thursday. Co-founder Mark Stanton told Reuters the carmaker would announce which European countries it would enter at the Shanghai auto show in April, but said it would be in a couple of markets with higher EV penetration in western Europe or Scandinavia. "We'll dip our toe in the water, then to start to build our brand."
(Bloomberg) -- South Korea’s parliament easily approved a bill Thursday to boost the country’s powerhouse semiconductor industry by giving firms tax breaks to spur investments.Most Read from BloombergTrump Faces Fingerprints, Mug Shots After Historic Indictment$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida Cities$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketA $3 Trillion Threat to Global Financial Markets Looms in JapanThe legisl
TORONTO — Experts say the Canadian presence of American retail giants such as Walmart and Costco isn't likely to blame for rising grocery prices. That's despite Canadian grocery chain executives having pushed for MPs to question those retailers as part of their study on food inflation. University of Toronto economist Ambarish Chandra called ongoing hearings before a parliamentary committee studying the issue, "performative," saying all retailers seek to maximize profits despite their stated effo
The latest car recalls posted by the NHTSA impact Chevy, Cadillac, GMC, Hyundai, Kia and Mercedes-Benz models.
The chief executive of Jeep-maker Stellantis doesn't think there are enough of the necessary raw materials on earth to meet the industry's EV needs.
Societe Generale SA and BNP Paribas SA on Thursday won the dismissal of a lawsuit in New York accusing them of trafficking in assets that Fidel Castro's government seized in 1960 from the former owners of a Cuban bank. It was brought by 12 heirs, mostly children and grandchildren, of Carlos and Pura Nuñez, who had owned Banco Nuñez before and during the Cuban Revolution. SocGen and Paribas were accused of evading U.S. sanctions by doing business with Cuba's central bank after it nationalized and absorbed Banco Nuñez and other lenders, resulting in more than $1 billion of profit for the French banks since 2000.
Depending on what stage you're at in life, you may either be thinking very carefully about retirement, or not worrying much about it at all. I'm a Self-Made Millionaire: These Are the 6 Investments...
BO'AO, China (AP) — Russia's Gazprom is increasing gas supplies to China and expects soon to reach the maximum planned level through a Siberian pipeline, its chairman said Wednesday, highlighting Beijing's importance as his country's top export market in the face of Western sanctions over its invasion of Ukraine. Gazprom is negotiating with China over a possible additional supply project across neighboring Mongolia, Viktor Zubkov said at a government-organized economic forum.
Unfortunately, energy is one of the sectors that have historically been hammered the most whenever the economy ails, and severe economic downturns have had a detrimental impact on oil markets throughout history
There are many different approaches and strategies for retirement investing that might appeal to you. But how do you tell if a certain strategy works for your situation? When evaluating different approaches, consider how each strategy is put together and … Continue reading → The post Here's How Much to Keep in Stocks, Bonds and Cash in Retirement appeared first on SmartAsset Blog.
Indian Billionaire Gautam Adani has seen his net worth plunge after short seller group Hindenburg Research published a damning report, but the billionaire has managed to recoup $20 billion in 30 days following the attack
Rapid withdrawals "by people on iPhones" and high interest rates caused Silicon Valley Bank to collapse, Blackstone boss Steve Schwarzman said.
NEW YORK (Reuters) -Oil prices rose more than 1% on Thursday, supported by lower U.S. crude stockpiles and a halt to exports from Iraq's Kurdistan region, which offset pressure from a smaller-than-expected cut to Russian supplies. West Texas Intermediate crude rose $1.40, or 1.9%, to $74.37. Supporting prices, producers have shut in or reduced output at several oilfields in the semi-autonomous Kurdistan region of northern Iraq following a halt to the northern export pipeline, company statements showed.
The criteria for new U.S. semiconductor subsidies is worrying companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korean President Yoon Suk Yeol said on Thursday, a concern shared by the world's leading contract chipmaker in Taiwan. Conditions include sharing excess profit with the U.S. government, and three industry sources said the application process itself could expose confidential corporate strategy.
The beleaguered British automaker will enjoy a huge financial windfall…
