Business News

Ontario Premier, Doug Ford, joined delegates from Magna and city council recently in Brampton to announce the new $265-million facility to build electric vehicle battery enclosures that will create 560...

Famous American sportswear and footwear retailer, Foot Locker, has announced around 400 mall stores will be shuttered within the next three years. The announcement is another major blow to the...

During a recent hearing at Osgoode Hall in Toronto, Ontario’s Superior Court of Justice gave Nordstrom Canadian permission to commence liquidation of its merchandise. Nordstrom Canada needed court approval because...

Nordstrom is closing all of its Canadian stores which include stores at Mississauga’s Heartland Centre and Etobicoke’s Sherway Gardens. The retailer announced the news recently and said it did not...

Businesses in Canada owned by black people are often smaller and are less financially viable than businesses owned by white people, Statistics Canada said. According to the report which analysed...

Toronto-Dominion Bank has gotten every regulatory approval to complete its $1.3 billion purchase of New York-based boutique investment bank, Cowen Inc., the companies said recently. According to the companies, the deal...

China’s Ming Xin Mineral Separation Nig Ltd. (MXMS) has been selected by Kaduna State to build the Nigeria’s first lithium-processing plant, with a plan to manufacture batteries for electric vehicles...

Meta, the parent company of Facebook, is set to charge its users for blue tick verification. Mark Zuckerberg, the co-founder and Chief Executive Officer of Meta, announced this in a...

Twitter has announced its plans to limit the use of text messages as a two-factor authentication method to Twitter Blue Subscribers in an effort to get more users to sign...

Jumia has sacked 900 workers in a bid to save cost, resulting in a 20 percent workforce reduction. This information is contained in Jumia’s 2022 Fourth Quarter Financial Statements. In...