Tag Archives: business

SOAVE, Italy - Luxury sports carmaker Ferrari on Monday lowered its full-year earnings guidance significantly due to the COVID-19 pandemic, and acknowledged that the new outlook assumes a sharp recove...

OTTAWA - The Bank of Canada will need to maintain its independence to aid the economy during and after the COVID-19 pandemic, particularly as the country's debt levels rise, says the bank's secon...

OTTAWA - Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, unprecedented ...

LOS ANGELES - Essential workers will strike nationwide on May Day to demand safer conditions during the coronavirus outbreak, while other groups plan rallies against tight stay-at-home orders they say...

TORONTO - Canada has officially entered a recession due to the economic devastation caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday. The council, whic...

BERKELEY, Calif. - Apple's profit dipped slightly while revenues rose in the January-March quarter, reflecting early fallout from a coronavirus pandemic that shut down its factories and then forced hu...

OTTAWA - Parliament's budget watchdog says that it's likely the federal deficit for the year will hit $252.1 billion as a result of the COVID-19 pandemic, and could go even higher if emergency measure...

WASHINGTON - President Donald Trump said Thursday that he believes the U.S. can never declare "total victory" over the coronavirus because too many people have died. But he added that he will count it...

LONDON - Britain is past the peak of its coronavirus outbreak, Prime Minister Boris Johnson said Thursday, as he promised to reveal a "road map" out of national lockdown - but not yet. Appearing at a ...

WASHINGTON - The United States for the first time added five of Amazon's overseas operations to its list of "notorious markets'' where pirated goods are sold. The e-commerce giant dismissed the move a...