Logistics operators based in Asia have been leasing more warehouses in the United States in response to changes in e-commerce, global trade and manufacturing. Third-party logistics firms, known as 3PLs, work with online retailers and other businesses to store, pack and move products for sale. Leasing by Asia-based logistics firms more than doubled in key […]
OTTAWA — Former prime minister Stephen Harper is taking shots at Liberal leadership frontrunner Mark Carney’s economic record. Harper accuses Carney of taking unearned credit for steering the Canadian economy out of the global financial crisis more than 15 years ago. While Harper appointed Carney to run the Bank of Canada at the beginning of […]
KYIV, Ukraine (AP) — A deal to end the war between Ukraine and Russia “is still very, very far away,” Ukrainian President Volodymyr Zelenskyy said, adding that he expects to keep receiving American support despite his recent fraught relations with U.S. President Donald Trump. “I think our relationship (with the U.S.) will continue, because it’s […]
TORONTO — U.S. company Welltower Inc. has signed a deal to buy Amica Senior Lifestyles from Ontario Teachers’ Pension Plan for $4.6 billion. The deal includes 31 seniors residences and seven under construction. As part of the transaction, Welltower will also acquire a minority interest in Amica’s management company with the Amica management team owning […]
MEXICO CITY (AP) — Mexico President Claudia Sheinbaum said Monday that her administration is waiting to see if U.S. President Donald Trump makes good on his threat to impose 25% tariffs on Mexican imports. Her Cabinet secretaries for security and trade among others have been in constant communication with their U.S. counterparts and she said […]
NEW YORK (AP) — The Nationals and Baltimore Orioles ended a legal fight over television rights dating to 2012 when Major League Baseball announced Monday that Washington will be freed from its deal with the Mid-Atlantic Sports Network after the upcoming season. MLB said Nationals’ games will be broadcast by MASN in 2025 under a […]
BALTIMORE (AP) — A power outage at Baltimore/Washington International Thurgood Marshall Airport was causing significant flight delays and other interruptions to air travel Monday morning. Airport officials said the outage was impacting areas of the main terminal and an adjacent parking garage. More than 150 flights were delayed and a handful were canceled as of […]
Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. Kroger, the nation’s largest grocery chain, said Monday that the investigation into McMullen’s personal conduct was unrelated to the business, but was found to be inconsistent with its business ethics policy. Board member Ronald Sargent will serve as chairman […]
TORONTO — MediPharm Labs Corp. has signed a deal to sell its facility in Hope, B.C., to Rubicon Organics Inc. for $4.5 million in cash. The company stopped using the facility in 2024, consolidating operations following its acquisition of VIVO Cannabis Inc. Rubicon Organics has agreed to acquire the land and building associated with the […]
WASHINGTON (AP) — The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday evening announcement, Treasury said in a news release that it will not impose penalties now or in the future if companies fail to register for the […]
