Business

Canada’s largest private-sector union says workers at General Motors Co. have a new three-year collective agreement, with 80.5 per cent of them ratifying it in a vote held online and in person.  New 3-year deal includes increases to wages, pension and paid holidays. Canada’s largest private-sector union says workers at …

Major U.S. pharmacy chain Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.  Chain facing $30M in claims stemming from sales of opioids. Major U.S. pharmacy chain …

EGG, Austria: In idyllic western Austria, Ingo Metzler’s goat breeding farm with its striking light wood paneling and big glass facades sets itself apart, aiming to survive in a sector in crisis. “Architecture is a way of expressing our innovative approach and our values,” says Metzler, 58, who took over …

UTRECHT, Netherlands: In a dynamic collaboration for over two decades, Dutch entrepreneur Jacob Borgesius has teamed up with Chinese partners to elevate his Alp Lift, a company in its 30 years of operation specializing in providing height solutions to European clients. “There is a lot of innovation. There is flexibility. …

PHNOM PENH: The Belt and Road Initiative (BRI) has been ushering in a new chapter for the China-Cambodia ironclad friendship, providing tremendous benefits to both sides, Chinese Ambassador to Cambodia Wang Wentian said on Friday. Ten years into its proposal, upholding the principles of extensive consultation, joint contribution and shared …

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest, the company revealed in a securities filing.  Company will appeal claims by tax agency that it owes billions for 2004-2013 tax years. The Internal Revenue Service says Microsoft owes the U.S. …

Best Buy is saying goodbye to movie-watching with physical discs as the consumer electronics retailer plans to phase out its DVD and Blu-ray sales by early 2024.  Electronics retailer moving away from sales of ‘physical media.’ Best Buy is saying goodbye to movie-watching with physical discs. The consumer electronics retailer …

NEW YORK CITY: Delta Air Lines reported surging quarterly earnings amid persistently strong demand, while acknowledging a drag from strikes in the US auto and entertainment sectors. The US carrier said there is still plenty of hunger for travel after Covid-19 lockdowns, with US customers extending the traditional summer European …

Canada’s housing market continued to cool last month, new numbers from the Canadian Real Estate Association show Friday, as the number of homes sold has now fallen for three months in a row and benchmark prices slipped lower, too.  Benchmark prices fell by 0.3% during month, first decline since March. …

The European Union wants social networks to deal with fake information or face consequences. But industry researchers and experts say it could be an impossible task — even as hundreds of accounts linked to Hamas have been removed by at least one platform. Sheer size of social platforms makes it …