Company News

The CEO of German automaking giant Mercedes-Benz has said he has not ruled out entering the defence industry.

China has agreed to order 200 Boeing jets, U.S. President Donald Trump told Fox News Channel on Thursday, marking the country’s first purchase of U.S.-made commercial jets in nearly a decade.

Blackstone and CD&R are among private equity firms in the early stages of exploring bids for Magnum Ice Cream Company, two sources familiar with the matter told Reuters, less than six months after the owner of Cornetto and Ben & Jerry’s was spun out of Unilever.

Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) provides a further update with respect to its decision of May 7, 2026 to suspend its direct participation in joint venture activities in Cuba in light of the Executive Order issued by the U.S. administration on May 1, 2026 expanding its sanctions against Cuba (the “Executive Order”).

The federal government says it will pay Lockheed Martin $1.5 billion through an updated contract to maintain and upgrade the Royal Canadian Air Force’s Hercules transport aircraft.

U.S.-based Caturus has given the go-ahead to build a massive liquified natural gas (LNG) facility in Cameron Parish, Louisiana, after raising $9.75 billion in financing for the plant’s construction, Mubadala Energy said on Friday.

Transat AT Inc. says fuel surcharges have only marginally offset the higher costs because a large portion of its bookings were made before the Iran war.

Interest rate futures prices fell ​sharply on Friday, ‌reflecting a growing conviction among bond market ​investors that stiff ​inflation will push the ⁠U.S. Federal ​Reserve to raise interest ​rates late this year or in early 2027.

The United Arab Emirates will accelerate construction of a new oil pipeline to double its export capacity via the port of Fujairah by 2027, the government’s Abu Dhabi Media Office said on Friday, vastly expanding its ability to bypass the Strait of Hormuz.

Starbucks is laying off 300 U.S. corporate employees in its regional support offices as it seeks to return to “durable, profitable growth,” the company announced early Friday.

Canada Mortgage and Housing Corp. says the annual pace of housing starts for April rose 17 per cent compared with March.

Onex Corp. reported a first-quarter profit of US$129 million, down from US$168 million a year ago.

Taxi driver Ravi Ranjan, who lives with his wife and child in New Delhi, said shipping disruptions caused by the Iran war have forced him to pay higher prices for cooking fuel at a time when India’s prime minister is also urging residents to reduce driving and travel.

When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs.

TSMC, the world’s largest contract chipmaker, said ​on Friday it plans to sell ‌up to 152 million shares in Vanguard International Semiconductor opens new tab via a block trade to ​financial institutional investors, cutting its stake ​in the chipmaker.