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Rumor had it that Bill Gates, the world’s second richest person, had bought a £500 million ($645 million) superyacht that’s still in the early design stage to fulfill his family’s future recreational needs. The luxury boat in question is Aqua, a hydrogen-powered concept ship designed by Dutch firm Sinot Yacht...
A new economic system is needed to tackle rampant inequality, says a new Oxfam report.. The gap between rich and poor is fracturing society, poisoning politics and fueling public anger, according to a new report from anti-poverty nonprofit Oxfam, which found that last year just 26 people owned the same...
The new year brings with it tax changes at the federal level that will affect just about every Canadian, as well as small businesses. One of the first changes workers will see is an increase in Canada Pension Plan premiums coming off their paycheques — the first of five years...
The country's two major railways exceeded their grain cap in 2017-18, despite shipping less of the stuff than last year, according to the Canadian Transportation Agency. Canadian National Railway Co. reaped $1.05 million more than its maximum revenue entitlement of $787.01 million for the crop year, which ended July 31,...
Visa says it is experiencing a "service disruption" as users in several European countries report that they are unable to make payments with their cards. Some users in the UK and other parts of Europe are experiencing problems paying for purchases with Visa cards for several hours now, as first...
Toyota Motor Corp. is set to announce a C$1.4 billion ($1.1 billion) expansion of its Canadian operations to build the RAV4 sport utility vehicle, a bet on the nation’s manufacturing amid a cloud of uncertainty from ongoing NAFTA talks. Prime Minister Justin Trudeau and Ontario’s Premier, Kathleen Wynne were in...
Kinder Morgan says recent events confirm that an investment in the Trans Mountain pipeline expansion may be “untenable” and that the Canadian government’s pledge of financial support does not resolve political risk related to British Columbia’s opposition. Kinder Morgan’s Chief Executive, Steven Kean, said yesterday: “it’s become clear this particular...
JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for March 2018. Traffic in March increased 7.3 percent from March 2017, on a capacity increase of 3.3 percent. Load factor for March 2018 was 89.0 percent, an increase of 3.3 points from March 2017. JetBlue’s preliminary completion factor...
Ford's Giant 'Car Vending Machine' Is Now Open for Business in China. Chinese e-commerce company Alibaba and U.S. carmaker Ford Motor have teamed up to create a massive car vending machine that dispenses vehicles to anyone interested in purchasing a Ford — assuming their “social credit score” is high enough. The...
Pierce Brosnan told India health officials that a brand there "cheated" him by linking the British actor to a product with a reported association with an addictive form of tobacco, the BBC News reported. In 2016, Brosnan agreed to advertise a so-called breath freshener/tooth whitener for an Indian company called...