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The carmaker is weighing up huge job cuts. In the coming days, the CEO will meet with employees at Volkswagen’s headquarters in Wolfsburg and sites in Zwickau and Emden to give updates on the company’s plans.
An Ottawa-area distillery is redirecting its expansion plans after Canada-U.S. trade negotiations collapsed and new 50 per cent American tariffs took effect on Saturday.
Electric vehicle-maker Tesla is teasing the upcoming debut of its self-driving robotaxi, dubbed “Cybercab,” to compete with the likes of Uber and Waymo.
TikTok and parent company ByteDance have agreed to pay $400 million to settle a lawsuit with the US Department of Justice over claims that the video-sharing platform violated federal children’s privacy laws, the department announced on Friday.
Canada’s main stock index gained more than 250 points as trade talks continue, while markets south of the border also gained ground.
U.S. stocks rose Friday. The S&P 500 rose 0.4 per cent for just its second gain in the six days since setting its all-time high last week.
Roots Corp.’s likely new U.S. owner wants to take the storied Canadian brand and export it to the rest of the world.
Volkswagen CEO Oliver Blume warned on Friday that the car sector’s problems would only intensify in the coming years, arguing deep cost cuts were needed to keep Europe’s top automaker afloat as it gears up for weeks of crunch talks over a planned revamp.
Nvidia has made a minority investment in privately held Cloverleaf Infrastructure to develop infrastructure to power AI data center projects across the U.S., the companies said on Friday.
Starcloud, a startup building data centers in space, said on Friday it had raised US$250 million at a US$2.3 billion valuation, as it looks to expand AI infrastructure through orbital data centers.
Drivers across the province will soon be able to travel faster as speed limits increase on numerous highways, including some stretches of Hwy. 400.
The alcohol ban imposed in retaliation to Trump’s first round tariffs on Canada’s steel and aluminum, was effective in getting U.S. attention, says trade advisor.
The parent company of Air Transat says it paid $105 million in additional jet fuel costs in the third quarter compared with a year ago due to higher prices.
Statistics Canada says retail sales rose 0.6 per cent to $74.3 billion in June, boosted by sales at general merchandise retailers.
The wave of debt issuance funding the artificial-intelligence buildout is testing the limits of investor demand, with some large bond buyers warning that the market is showing signs of indigestion.
