Business

Tens of thousands of commuters in Ontario who use GO Transit faced cancellations or long delays Tuesday because of CN Rail’s “network-wide system failure,” which the company said was later restored.  Company had internet connectivity issue, impacting GO Transit and Via rail trains. Tens of thousands of commuters in Ontario …

The Toronto Stock Exchange’s main stock index has given up all of its gains for 2023, as investors head for the exits as the realization that high interest rates are going to stick around settles in.  Yield curve is inverted in Canada and U.S., which traditionally portends recession. The Toronto …

WASHINGTON, D.C.: Microsoft Chief Executive Officer (CEO) Satya Nadella told a US court on Monday that Google’s dominance of the search engine market made it very hard for rivals to emerge, hitting out sharply at the business practices of his company’s archrival. Nadella spoke to a courtroom in Washington, D.C., …

The trial of Sam Bankman-Fried, the founder of the failed cryptocurrency brokerage FTX, is set to begin in New York City this week. And while testimony is likely to veer into complex and murky topics, prosecutors are expected to try to boil their case down into simple terms for the …

Rogers Communications Inc. says customers of all of the major Canadian wireless carriers can now connect to its 5G wireless network in the busiest sections of the Toronto subway system.  Users will be able to access network on all stops in downtown core. Rogers Communications Inc. has announced that customers …

Canada’s broadcasting regulator is obligating online streamers and podcast companies to provide registration information to them. But the new requirements are also inviting speculation that heavier regulation of content from online streamers and podcast companies is coming.  Social media users not required to register with regulator, but some services will …

ABU DHABI: The Emirati president-designate of the upcoming United Nations COP28 climate talks called on oil and gas companies on Monday to be “central to the solution” to fighting climate change, even as the industry boosts its production to enjoy rising global energy prices. The call by Sultan al-Jaber highlights …

TOKYO: The Japanese government started to forbid stealth marketing, a practice in which companies promote their products or services while concealing the fact that it is an advertisement, with the new regulation taking effect on Sunday. Social media networks have been witnessing a growing number of stealth marketing cases, where …

VIENNA: Austrian rail operator OeBB on Saturday unveiled its new generation of sleeper trains — a response to demands from travelers for less pollutant alternatives to planes and petrol or diesel cars. Night trains are starting to make a comeback in Europe thanks to their low-carbon footprint, and after years …

PARIS: When Indian entrepreneur Awais Ahmed founded his satellite startup in Bangalore in 2019, his country was still a year away from opening the space industry to the private sector. “When we started, there was absolutely no support, no momentum,” said Ahmed, who was 21 when he founded Pixxel, a …