February 18th, 2019

Business

China accuses US of trying to block its tech development

By Joe McDonald, The Associated Press on February 18th, 2019

BEIJING – China’s government on Monday accused the United States of trying to block its industrial development by alleging that Chinese telecom gear is a cybersecurity threat. And in a potential blow to the U.S. claims, British media reported that the country’s intelligence agencies have found it is possible to limit the risks of using ... Read More »

Be the first to comment!

‘Digital gangsters’: UK wants tougher rules for Facebook

By Mae Anderson And Jill Lawless, The Associated Press on February 18th, 2019

LONDON – British lawmakers issued a scathing report Monday that calls for tougher rules to keep Facebook and other tech firms from acting like “digital gangsters” and intentionally violating data privacy and competition laws. The report on fake news and disinformation on social media sites followed an 18-month investigation by Parliament’s influential media committee. The ... Read More »

Be the first to comment!

Sale of Connacher Oil & Gas to East River abandoned after Feb. 15 deadline passes

By The Canadian Press on February 18th, 2019

CALGARY – Connacher Oil and Gas Ltd. says it has abandoned a court-supervised sale of the company to East River Oil and Gas Ltd. after the buyer failed to make a required deposit payment by Feb. 15. The Calgary-based oilsands producer had negotiated a conditional deal for East River to pay $113.5 million to acquire ... Read More »

Be the first to comment!

China accuses Washington of trying to block development

By Joe McDonald, The Associated Press on February 18th, 2019

BEIJING – China’s government accused Washington on Monday of trying to block its industrial development after Vice-President Mike Pence said tech giant Huawei and other telecom equipment suppliers are a security threat. A foreign ministry spokesman rejected suggestions Beijing might use its companies to gather intelligence about foreign countries. Growing U.S. pressure on allies to ... Read More »

Be the first to comment!

Berlin to get single travel app for public, private services

By The Associated Press on February 18th, 2019

Berlin is unveiling a new app that will let people use public transport, rental bikes, car-sharing and taxis seamlessly to travel through the German capital. The app presented Monday is the work of Lithuanian start-up Trafi and is already in use, under different names, in Vilnius, Rio de Janeiro and Jakarta. Berlin will be the ... Read More »

Be the first to comment!

Burberry catwalk showcases streetwear, elegant classics

By Sylvia Hui And Gregory Katz, The Associated Press on February 17th, 2019

LONDON – Victoria Beckham doesn’t need celebrities at her fashion shows – her A-list family provides more than enough star power. The designer’s husband, retired soccer superstar David Beckham, and the couple’s four children turned up as guests of honour Sunday to support her London Fashion Week show. The former Spice Girl was among the ... Read More »

Be the first to comment!

Aurora shooter’s permit was revoked but gun wasn’t seized

By Don Babwin And Julie Watson, The Associated Press on February 17th, 2019

AURORA, Ill. – An initial background check failed to detect a felony conviction that would have barred the man who killed five co-workers and wounded six others at a suburban Chicago manufacturing plant from buying the gun. Months later, a second background check of Gary Martin found his 1995 aggravated assault conviction in Mississippi involving ... Read More »

Be the first to comment!

Five things to watch for in the Canadian business world in the coming week

By The Canadian Press on February 17th, 2019

TORONTO – Five things to watch for in the Canadian business world in the coming week: Poloz speaks Bank of Canada governor Stephen Poloz will give a speech to the Chamber of Commerce of Metropolitan Montreal on Thursday. Poloz kept his key interest rate target on hold in January at 1.75 per cent. The central ... Read More »

Be the first to comment!

RRSP-to-RRIF conversion deadline needn’t be so scary, experts advise

By Dan Healing, The Canadian Press on February 17th, 2019

CALGARY – For Canadians who’ve made faithful contributions to an RRSP for most of their working lives, converting it to an RRIF may seem a terrifying milestone. Overnight, your nest egg that has steadily grown for decades becomes a declining asset, with a government-mandated, taxable annual minimum withdrawal to ensure its gradual depletion. Retired investors ... Read More »

Be the first to comment!

James says B.C. budget puts priorities on NDP’s poverty, environment plans

By Dirk Meissner, The Canadian Press on February 17th, 2019

VICTORIA – British Columbia’s finance minister says the budget she tables Tuesday undertakes development of social, environmental and economic initiatives as other provinces across Canada implement cuts to programs and shifts to the right. Carole James says her budget builds on the minority New Democrat government’s goals of making life more affordable, improving services and ... Read More »

Be the first to comment!

In Brexit limbo, UK veers between high anxiety, grim humour

By Jill Lawless, The Associated Press on February 17th, 2019

LONDON – It’s said that history often repeats itself – the first time as tragedy, the second as farce. Many Britons feel they are living through both at the same time as their country navigates its way out of the European Union. The British government awarded a contract to ship in emergency supplies to a ... Read More »

Be the first to comment!