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Top News: Business

It's unlikely there will be a Chevrolet Volt successor

When General Motors announced its massive global restructuring plan in November, the company also confirmed the end of production for the Chevrolet Volt, among other models. However, rumors have persisted that the Volt will be replaced.

From sizzle to fizzle: Hong Kong's red-hot property market cools

Fpo - For young Hong Kongers like Wilson Leung getting a foothold on the city's property ladder has long been a near impossible task but with the notoriously overpriced housing market facing a downturn, they now have a chance of realising their dream.

Germany avoids recession despite 2018 growth slowdown

Frankfurt Am Main - Official data suggested Tuesday that Germany avoided a recession at the end of 2018 but confirmed a sharp slowdown in growth last year as Europe's largest economy cooled off from boom times.Economic growth sank to 1.5 percent in 2018 from 2.

Saudi urges 'fair' energy transition, defends oil

Abu Dhabi - Top oil exporter Saudi Arabia called Tuesday for a "fair" and gradual global energy transition as it unveiled an ambitious domestic renewable energy programme.

Canopy Growth pops after license to process hemp in New York

Canopy Growth announced Monday that it has received a license from New York state to process hemp, a source of the popular ingredient cannabidiol.

Aurora Cannabis signs deal to buy Whistler Medical Marijuana

Aurora Cannabis Inc. announced today that the company plans to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, valued at up to $175 million.

PG&E will file for bankruptcy protection at end of January

California’s largest power company intends to file for bankruptcy as it faces tens of billions of dollars in potential liability following massive wildfires that devastated parts of the state over the last two years.

China's US trade surplus hit record in 2018 but tariffs bite

Bejing - China's trade surplus with the United States hit a record high last year but the country's imports and exports fell in December as the long-running trade war begins to bite in the world's number two economy, data showed Monday.

New project to make cryptocurrency transfers more secure

A new project called Beam has been launched with the aim of improving cryptocurrency security and transparency. The project is centered around the word ‘confidentiality’.

Cannabis firms need to capture what Millennials want

Millennials are highly influential over many aspects of the economy and cannabis is no exception, especially given the high-usage rates of cannabis by millennials. Consequently, cannabis firms need to understand what appeals to millennials

Haley, Ivanka Trump among possible World Bank nominees: report

Washington - Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported Friday.

Cadillac will be GM's lead EV in challenge to Tesla

Cadillac is expected to become General Motors' lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla, two people briefed on the matter said Thursday.

Aphria shares gain after pot grower's CEO steps down

Canadian cannabis producer Aphria Inc.’s chief executive officer is stepping down following short-seller allegations that have hit the company’s stock.

Embraer shares take off after Bolsonaro approves Boeing merger

S - The share price in Brazilian airplane manufacturer Embraer soared Friday as markets reacted favorably to the country's President Jair Bolsonaro approving a merger with us giant Boeing.The share price jumped 7.

Q&A: How businesses can best manage their data Special

The way of running a modern business is all about data, and drawing analytics from it. The use of data presents security concerns and raises issues of data privacy. A leading expert, Guy Leibovitz, CEO of Cognigo, weighs in.

Pot packaging company sees significant growth with legalization

Marijuana suppliers, including KushCo Holdings, have seen their sales significantly increase now that three more U.S. states legalized marijuana in some form in November, and Canada's recreational cannabis market opened nationwide in October.

Renault audit finds no fraud yet as Ghosn faces key hearing

Paris - The board of French automaker Renault on Thursday said an ongoing audit into executive pay had found no sign of fraud in the last two years, ahead of a new court appearance in Japan for CEO Carlos Ghosn.

Toyota recalls a total of 1.7 million cars globally over air bags

Toyota Motor Corp. said Wednesday it is recalling another 1.7 million vehicles worldwide for potentially faulty Takata airbag inflators as part of a multi-year industry recall campaign announced in 2016.

Crypto, AI and machine learning to shape enterprises Special

Enterprises face a number of challenges, aided and disrupted by technology developments. As to what 2019 has in store, these accelerating technologies include quantum ledgers, artificial intelligence and machine learning.
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