Canada’s rail shutdown could hit GDP hard, kill jobs if protracted
By Promit Mukherjee OTTAWA (Reuters) – Canada’s economy could shrink by billions of dollars this year if a rail stoppage…
US Postal Service seeks to save $30 billion over 10 years with delivery, other changes
WASHINGTON (Reuters) – The U.S. Postal Service said on Thursday it is aiming to implement changes that it estimates will…
Ross Stores lifts profit view, Q2 results beat estimates on steady demand
(Reuters) – Ross Stores on Thursday raised its fiscal 2024 profit forecast and posted second-quarter results above Wall Street estimates,…
Air Canada pilots vote to authorize strike
(Reuters) -Air Canada pilots voted to authorize a strike, with 98% voting members in favour, the Air Line Pilots Association…
Oil prices settle up on demand optimism, US inflation in focus
By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Monday, as signs of improving demand in the U.S. and…
Chinese e-commerce giants face delicate balance between discounts, profit
By Casey Hall SHANGHAI (Reuters) – Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com this week will be…
French presidency: Amazon to announce new 1.2 billion euros investment in France
PARIS (Reuters) – U.S. internet giant Amazon will announce a new 1.2 billion euros ($1.3 billion) investment in France, the…
South Korea prepares support package worth over $7 billion for chip industry
SEOUL (Reuters) – South Korea is readying plans for a support package for chip investments and research worth more than…
Chinese companies win licensing bids to explore Iraq oil and gas fields
By Moayed Kenany, Timour Azhari and Adam Makary BAGHDAD (Reuters) -Chinese companies won bids to explore five Iraqi oil and…
Microsoft hit with $242 million US verdict in Cortana patent lawsuit
By Blake Brittain (Reuters) – Microsoft must pay patent owner IPA Technologies $242 million, a federal jury in Delaware said…