SHANGHAI — A court in Shanghai sentenced the founder of the Chinese insurance company that owns New York City’s Waldorf Hotel to 18 years in prison on Thursday after he pleaded guilty to fraudulently raising billions of dollars from investors, state media reported. Shanghai’s No. 1 Intermediate People’s Court also ordered the confiscation of 10.5 […]
BEIJING — State media say Chinese court sentences founder of firm that owns Waldorf Hotel in New York City to 18 years in prison.
TORONTO — Scotiabank continues to expand its footprint in Latin America, with a plan to acquire a 51 per cent controlling interest Peru’s Banco Cencosud for approximately $130 million. The agreement, which is subject to regulatory approval, will make Scotiabank the second-largest credit card issuer in the South American country. The deal will see the […]
WELLINGTON, New Zealand — New Zealand’s new central bank governor says he has started his job with the economy in a sweet spot thanks to robust growth, high levels of employment and low inflation. Reserve Bank Governor Adrian Orr on Thursday delivered his first major assessment of the economy in an outing that was closely […]
Celebrities promoting ways to supposedly enhance a woman’s health are no better qualified than the person sitting next to you on a bus, says a Winnipeg-raised doctor and go-to expert online for debunkin…
FORT LAUDERDALE, Fla. — The Latest on a federal investigation into a Florida crash and fire involving a Tesla Model S electric car that killed two teens (all times local): 6:30 p.m. The National Transportation Safety Board has dispatched a team of investigators to the Florida site of a crash and fire involving a Tesla […]
Two analysts downgraded WestJet’s stock following disappointing first-quarter results. A vote to authorize strike action is largely expected to pass this week, and pilots could strike as early as May 19
COLUMBIA, S.C. — The Latest on two nuclear reactors abandoned during construction in South Carolina (all times local): 6:55 p.m. Officials at South Carolina’s state-owned utility say they paid nearly $9 million in performance bonuses to executives of a private utility for two nuclear reactors that were never finished. Santee Cooper spokeswoman Mollie Gore says […]
MONTREAL — WestJet Airlines Inc. is facing criticism after asking some of its frequent flyers to videotape the service provided by its flight attendants and those of its chief competitor. The Calgary-based airline said it asked 14 customers over a seven-day period to input the footage through an app as part of a larger online […]
SALT LAKE CITY — For more than a century, the Boy Scouts of America and the Mormon church formed an ideal pair as they helped each other expand their organizations and build their brands while moulding countless young men through bow knots, pinewood derby races and campouts. But as the calendar flipped to the 21st […]