Business
Russian central bank holds rates at 16%, raises inflation forecast
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) - Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may ...
Aon first-quarter profit grows on gains from investments, funds
(Reuters) - Aon reported a rise in first-quarter profit on Friday, powered by increases in interest earned from investments as well as funds held in a fiduciary capacity. Interest income rose nearly six times to $28 million in the first quarter ...
China's Shein set to face tougher EU online rules
BRUSSELS (Reuters) - The European Union designated Chinese-founded fast-fashion company Shein as a very large online platform (VLOP) after it reported a huge number of users, the EU said in a statement on Friday. Companies with more than 45 ...
Beer can maker Ball Corp lags sales estimates on slowing demand
(Reuters) - Beer can maker Ball Corp missed quarterly sales expectations on Friday, hit by lagging demand for its beverage cans as customers become more frugal in their spending. The world's largest supplier of beer cans is navigating a complex ...
Exxon misses on Q1 profit despite big gains in Guyana
By Sabrina Valle HOUSTON (Reuters) - Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil ...
Chevron reports Q1 profit beat
(Reuters) - Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes helped offset an impact from weak natural gas prices. The company, which is in the process of acquiring Hess Corp in a $53 billion ...
Futures climb as Alphabet, Microsoft results lift megacaps
(Reuters) - U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust quarterly results from Alphabet and Microsoft, while investors awaited a key inflation print that could help shape U.S. monetary ...
US probes Tesla recall of 2 million vehicles over Autopilot, citing concerns
WASHINGTON (Reuters) - U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla's recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National ...
Video
How a new restaurant in Morell, P.E.I., helps a father stay close to home with family
It was a busy Sunday morning on April 21 at Dreadnaught Eatery as Derek Perry and his wife, Natasha, worked together in the kitchen of their newly opened restaurant, getting everything ready for the opening at 11 a.m. Their seven-year-old daughter, ...
N.S. fuel update for April 26, 2024: Gas up, disel down
Gas prices are up and diesel prices are down after the latest Nova Scotia Utility and Review Board price adjustment. Gas prices are up by 2.4 cents to a minimum price of $1.893 per litre this week in Cape Breton, while diesel prices dropped by 4.9 ...