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Business

5 things to know about the Evergrande situation: A simple breakdown

The world is still waiting to find out what will happen to troubled Chinese conglomerate Evergrande and its enormous mountain…

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Plastic resin emerges as tiniest example of enduring COVID-19 supply chain crunch

Plastic resins — tiny plastic pellets used to make everything from bread bags to milk containers — are undergoing a…

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There are new rules for employment insurance. Here’s what you need to know

OTTAWA — The employment insurance system is set for another round of pandemic-related changes that come into force on Sunday.…

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Huawei executive returns as China releases 2 Canadians

SHENZHEN/TORONTO — An executive of Chinese global communications giant Huawei Technologies returned from Canada Saturday night following a legal settlement…

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Meat packers call for changes to foreign worker cap to address labour shortage crisis

CALGARY — Canadian meat packers are lobbying the federal government to let them bring in more temporary foreign workers in…

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Chinese banks try to calm fears about developer’s debts

BEIJING — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate…

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‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report

WASHINGTON — International Monetary Fund chief Kristalina Georgieva on Friday denied allegations that she pressured World Bank staff to alter…

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CP lays out timeline for KCS merger; shareholders to vote in December

CALGARY — Canadian Pacific Railway Ltd.’s acquisition of Kansas City Southern could be complete by next fall, the Calgary-based railway…

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Business

Posing as Walmart, scammers send crypto surging 25 per cent

In what appears to be a massively successful pump and dump scheme, cryptocurrency litecoin surged around 25 per cent early…

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Business

Cineplex and U.K. exhibitor Cineworld to begin legal battle over scrapped deal

TORONTO — In what’s expected to be a test case for pandemic-era litigation, Cineplex Inc. is headed to court Monday…

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