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Guillaume Le Grand is trying to bring cargo shipping back to its roots. Standing on the deck of an 82-metre sailboat docked in Quebec City’s port, Le Grand, a sailor and CEO of the French company TOWT, says he was inspired to harness the natural resources around him. Hundreds of years ago, ships sailed into…

Tesla CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan, betting on a shift in focus from low-priced mass-market cars to robotic vehicles. At a glitzy unveiling, Musk reached the stage in a “Cybercab” to be produced from 2026 —eventually in high…

Toronto-Dominion Bank has been ordered to pay a total of $3.09 billion US in fines after pleading guilty to multiple charges, including conspiracy to violate the Bank Secrecy Act and commit money laundering.  The bank has also received a cease-and-desist order and non-financial sanctions from the Office of the Comptroller of the Currency (OCC), including…

The award this week of Nobel prizes in chemistry and physics to a small number of artificial intelligence pioneers affiliated with Google has stirred debate over the company’s research dominance and how breakthroughs in computer science ought to be recognized. Google has been at the forefront of AI research, but has been forced on the defensive as it tackles…

Income inequality in Canada has hit the highest level ever recorded as wealth becomes increasingly concentrated in fewer hands, says Canada’s statistics agency. The gap in the share of disposable income between the richest two-fifths of Canadians and the bottom two-fifths grew to 47 percentage points in the second quarter of 2024, Statistics Canada reported…

Air Canada pilots have given a green light to a tentative agreement with the airline, dashing any fears of a future strike and allowing management and passengers to breathe easier. The deal, which grants the carrier’s 5,400 pilots a cumulative wage hike of nearly 42 per cent over four years, received 67 per cent votes in…

Prime Minister Justin Trudeau congratulated the prime minister of Thailand for her country’s recent legalization of same-sex marriage. Trudeau made the comments while attending the Association of Southeast Asian Nations Summit, hosted this year in Laos’s capital, Vientiane. The prime minister held back-to-back meetings with Asian leaders for much of the day, including one with…

The Alberta government is making it tougher for foreign companies to invest in energy infrastructure, which legal experts say is impacting the amount of investment in the province. The move would apply to the purchase of many types of oil, natural gas and electricity facilities, from power plants and pipelines to solar farms and transmission lines.…

Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race. Consumer prices rose just 2.4 per cent in September from a year earlier, down from 2.5 per…

Thousands of people paid their last respects on Thursday to Ratan Tata, former chairman of Indian conglomerate Tata Group, in India’s financial capital ahead of a state funeral later in the day. The veteran industrialist, hailed by Indian Prime Minister Narendra Modi as a visionary business leader, died at a Mumbai hospital on Wednesday night.…