With interest in electric vehicles seemingly lagging, is Honda’s $15-billion plan to build four electric vehicle plants in Ontario a good investment? CBC’s Erica Johnson asks industry experts David Booth and Daniel Breton to break down the risk versus reward.
CALGARY — Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd., says it plans to build a new natural gas pipeline in Alberta to supply a massive net-zero petrochemical project being built northeast of Edmonton. Canadian Utilities says it plans to spend more than $2 billion on the new pipeline, which will be the largest-ever energy infrastructure project by an ATCO Energy Systems company. Canadian Utilities says the pipeline will supply natural gas to Dow Chemicals' $9
LONDON/BERLIN (Reuters) -Top executives at BMW and Volkswagen on Wednesday warned against imposing EU import duties on electric vehicles from Chinese automakers, saying it could upend the bloc's Green Deal plan and harm automakers that import cars made in China. The European Commission, which oversees trade policy in the 27-nation European Union, launched an investigation in October into whether fully-electric cars manufactured in China were receiving distortive subsidies and warranted extra tariffs. "You could very quickly shoot yourself in the foot," BMW CEO Oliver Zipse told reporters after the German premium automaker reported quarterly results.
(Bloomberg) -- Russia’s oil and gas industry has been crucial for bankrolling the invasion of Ukraine, giving the Kremlin the funds to keep fighting even as the conflict drags on through its third year. But the industry is facing a shortage of manpower as the full mobilization of Russia’s economy for war exacerbates a longstanding demographic crunch.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortHigh-Tech Trading Firms Race to Grab Bond Market TurfRussians Are C
RBC analyst Greg Pardy has hailed the nearly 600,000 barrel per day Trans Mountain expansion as a "game changer."
(Bloomberg) -- The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology said the country would divest from China if it were asked to do so by the US.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireFTX Has Billions More Than Needed to Pay Bankruptcy Victims“So far the requests have been to
(Bloomberg) -- A 65% slide in VinFast Auto Ltd.’s stock this year underlines the challenge faced by the electric-vehicle maker backed by Vietnam’s richest man.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortHigh-Tech Trading Firms Race to Grab Bond Market TurfRussians Are Coming to Terms With Putin’s War in UkraineJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’It plans to almost triple vehicle delivery this year to 100,000, but had barely hit a 10t
You've finally made it to retirement -- after years of working, saving, investing and handling all of life's curveballs, it's time to kick back and relax. As you look to the years ahead, though, you...
China's COMAC is expanding production facilities for its homegrown C919 jets in Shanghai, according to one of the project contractors, as the state-owned planemaker ramps up manufacturing to fulfill hundreds of new orders. China Aviation Planning and Design Institute (Group) Co. Ltd. (AVIC-CAPDI), a state-owned provider of aviation planning and construction services, said on its WeChat account at the end of April that the company had "recently won the bid for the second phase of the C919 large passenger aircraft batch production capacity construction project". AVIC-APC said the project was in Pudong, Shanghai, and had a total construction area of 330,000 square meters.
HONG KONG (Reuters) -Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost controls, six sources with knowledge of the matter said. Beijing-based China International Capital Corp (CICC) is planning to reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter told Reuters. Peer CITIC Securities is cutting around a dozen investment banking jobs in Hong Kong, according to two other sources.
(Bloomberg) -- JPMorgan Chase & Co. said it expects to book an $8 billion accounting gain after completing its part of a deal with Visa Inc. letting big banks restructure their stakes in the payments giant.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountHigh-Tech Trading Firms Race
Ontario's Ministry of Health contends in arbitration with the Ontario Medical Association that recruitment and retention of doctors is not a major concern… while doctors say that argument is insulting. Amandalina Letterio has the details in Health Matters on May 8, 2024.
In this article, we will look at the 25 cheap cars that will make you look rich. If you want to skip our detailed analysis, you can go directly to the 5 Cheap Cars That Will Make You Look Rich. Car Ownership Situation Cars and private commuter vehicles are a necessity for most, however, others see it as a status symbol. […]
The federal government has granted British Columbia's request to scale back its drug decriminalization pilot program. Mental Health and Addictions Minister Ya'ara Saks says the change takes effect immediately. (May 7, 2024)
Amidst financial challenges, Joby Aviation progresses in FAA certification and expands global partnerships, setting the stage for future growth.
Paraguay is advancing talks with energy firms and high-ranking government officials from Argentina and Brazil over a potential $1.5 billion gas pipeline to connect the three countries, senior government officials for Paraguay and Brazil told Reuters. The plan being drawn up by Paraguay, reported in detail for the first time, aims to compete with a rival Bolivian bid to repurpose existing pipelines to transport Argentine gas to Brazil.
The former Texas lieutenant said her First and 14th amendment rights were violated, according to court documents.
In the spring of 2021, you might have heard about a small investment firm with an odd name, Archegos, that imploded practically overnight and left big Wall Street banks sweating over billions of dollars in losses.
(Bloomberg) -- For the past four years, the Bavarian city of Augsburg has been warning homeowners that gas supplies could be switched off by 2030 as fossil fuels are phased out.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’Russians Are Coming to Terms With Putin’s War in UkraineAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeIt’s a blunt message on the potentially seismic impact of th
The energy transition will benefit companies providing electrical needs for surging demand. Analysts point to these three stocks as a Buy.
Fisker has begun to close down its Manhattan Beach office, the site of the company's headquarters, three sources told Business Insider.
