MONTREAL — Air Canada reported a smaller-than-expected loss in its first quarter as its revenue grew compared with a year ago, boosted by increased capacity and passenger traffic. The airline says it lost $170 million or 62 cents per diluted share for the quarter compared with a loss of $13 million or five cents per […]
CLEVELAND — Air travel in Cleveland is about to enter “the Iceland Age.” Cleveland.com reports Iceland-based Wow Air will have its maiden flight from Cleveland Hopkins International Airport early Friday morning. Icelandair will follow May 16 by launching service between Cleveland and Iceland. The service marks Cleveland’s return to trans-Atlantic flights after nearly 10 years. […]
YEREVAN, Armenia — An Armenian opposition bloc has nominated protest leader Nikol Pashinian to become prime minister a day before a vote in parliament. The opposition coalition that spearheaded two weeks of anti-government protests, which prompted Prime Minister Serzh Sargsyan’s resignation, formally nominated Pashinian on Monday as Armenia’s next premier. Armenia’s parliament is set to […]
FREDERICTON — The TD Bank Group has become the first Canadian bank to join the Canadian Institute for Cybersecurity — a centre for cyber technology research at the University of New Brunswick in Fredericton. Ali Ghorbani, the director of the institute, says having the bank become a founding corporate member validates the work they are […]
Oil has a ‘statistically significant’ effect on inflation rates in G7 nations
–CNA Financial Corporation today announced first quarter 2018 net income of $291 million, or $1.07 per share, and core income of $281 million, or $1.03 per share. CNA Financial declared a quarterly dividend of $0.30 per share, payable May 30, 2018 to stockholders of record on May 14, 2018. This underwriting result was driven by an excellent underlying loss ratio of…
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BERLIN — Diplomats and environmentalists are gathering in Bonn, Germany, to keep working on the rules governing the Paris climate accord. The talks starting Monday are part of preparations for December’s global climate summit in Katowice, Poland, when the so-called Paris rulebook must be formally approved. Among the unresolved issues are how to ensure transparent […]
Provider launched new direct-to-consumer online life product last week
ABU DHABI, United Arab Emirates — Japanese Prime Minister Shinzo Abe is praising relations between his country and the United Arab Emirates. Abe says Japan and the UAE will sign an investment agreement during his trip to the Emirati capital, Abu Dhabi. About a quarter of all oil imports for Japan come from the UAE, […]
LOS ANGELES — Get ready for a little bit more pain at the pump this summer. Crude oil prices are at the highest level in more than three years and expected to climb higher, pushing up gasoline prices along the way. The U.S. daily national average for regular gasoline is now $2.81 per gallon. That’s […]