Electric vehicle battery manufacturer Northvolt says construction of a $7-billion plant on Montreal’s South Shore will proceed as planned, despite announcing on Monday its intention to lay off 1,600 employees in Sweden. The Swedish multinational said it plans to cut 1,000 jobs in Skellefteå, 400 in Västerås and 200 in Stockholm — about a fifth of its … Read more
The Office of the United States Trade Representative says it will do what’s necessary to halt Canada’s tax on large foreign digital services companies. Last month, Parliament approved the government’s plan to add a three per cent levy on foreign tech giants which generate revenue from Canadian users. It means the companies will have to … Read more
Thieves got away with $30 million US in cash from a money storage facility in Los Angeles by breaking into the building on Easter Sunday and cracking the safe. Now, detectives are seeking to unravel the brazen cash heist, reportedly one of the largest on record in Los Angeles. Police Cmdr. Elaine Morales told The … Read more
