Veteran industrialist and Tata Sons Chairman Emeritus Ratan Tata is said to be in critical condition at a Mumbai hospital, Reuters reported on Wednesday. The reports come following the 86-year-old, posted on his social media handle on Monday, assuring there is no cause for concern regarding his health and he was undergoing check-ups for age-related … Read more
Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday. The company said the moves, which include reduced spending on suppliers, were necessary because “our business is in a difficult period.” Chief financial officer Brian … Read more
TD Bank Group, which is mired in a money-laundering scandal in the U.S., said Raymond Chun will replace chief executive Bharat Masrani, who is retiring next year. Chun, who stepped into the role of head of Canadian personal banking last December, will become chief operating officer on Nov. 1 before taking over the top job … Read more
Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, although some housing experts are doubtful that the new measures will have a meaningful long-term impact on housing affordability and say they might even push prices up. The federal government will increase the cap on insured mortgages … Read more
Jane’s Addiction’s scheduled Toronto show on Wednesday is off, as one of the premier bands of alternative rock’s heyday cancelled the remaining dates on their tour after a stunning band punch-up at a Boston concert. The band first cancelled Sunday night’s show in Bridgeport, Conn., apologizing to fans, but as of early Monday morning had … Read more
Dozens of Canadian business associations across the country have signed a letter urging the Liberal government to prevent Air Canada pilots from striking by sending the labour dispute to binding arbitration. The letter — which was signed by the Canadian Chamber of Commerce, the Retail Council of Canada, Food Producers of Canada and the Canadian Toy … Read more
The affidavit of an FBI special agent, and the Russian documents attached to it, offer a rare glimpse into the inner workings of a vast Russian network of disinformation. Last week, the U.S. Department of Justice indicted two Russians — both employees of state broadcaster RT — accused of illegally funnelling $9.7 million into a Tennessee media company. … Read more
Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major cities, all likely linked to climate change, are leading to personnel shortages and potentially claims adjustment delays, according to insurance sector insiders. The industry depends on teams of insurance adjusters to look into claims and … Read more
An earthquake early detection system has been activated in British Columbia to provide the public with a few seconds of warning ahead of a potentially harmful tremor. Federal Energy and Natural Resources Minister Jonathan Wilkinson said when a strong earthquake is detected, alerts will be transmitted automatically to British Columbians via cellphones, radio and televisions. The alerts will be sent “seconds to tens … Read more
More than half of the polling booths in Jammu and Kashmir, or over 6,400, have been designated as ‘critical’, and around 1,000 companies of security forces would be deployed for the three-phase assembly elections, ET has gathered. The bulk of the ‘critical ‘ polling centres will vote in phase 1 on September 18. Several of … Read more
