China retaliation against Canadian companies unlikely for now: experts

China retaliation against Canadian companies unlikely for now: experts
VANCOUVER — Fears of retaliation against China-based staff of Canadian companies in the wake of a Chinese tech exec’s arrest in Canada are overblown at the moment, but experts say that could change if the situation escalates. Meng Wanzhou, CFO of Chinese telecom giant Huawei Technologies, was arrested at Vancouver’s airport while in transit on Dec. 1. and faces extradition to the United... Read More

Fake website launched in New Brunswick to educate investors about real scams

Fake website launched in New Brunswick to educate investors about real scams
FREDERICTON — People who fell for a website hyping a too-good-to-be-true investment opportunity for New Brunswick’s coastline got lucky: The scam wasn’t intended to trap potential investors, but to teach them. The site was created by New Brunswick’s Financial and Consumer Services Commission, who decided that a good way to educate people about real investment scams was to launch their... Read More

Next US moon landing will be by private companies, not NASA

Next US moon landing will be by private companies, not NASA
CAPE CANAVERAL, Fla. — America’s next moon landing will be made by private companies — not NASA. NASA Administrator Jim Bridenstine announced Thursday that nine U.S. companies will compete to deliver experiments to the lunar surface. The space agency will buy the service and let private industry work out the details on getting there, he said. The goal is to... Read More

Amazon HQ expansion means tough fight for talent

Amazon HQ expansion means tough fight for talent
NEW YORK — When tech giants like Amazon expand, other companies don’t just worry about losing business. They also fret about hanging on to their employees. Some of the industries that have defined New York City and the Washington, D.C., area will face increased competition for talent when Amazon sets up shop in their territory, with plans to hire 50,000... Read More

Canadian territories grant IIROC authority to protect investors from wrongdoing

Canadian territories grant IIROC authority to protect investors from wrongdoing
TORONTO — Canada’s investment dealer regulator says the governments of the Northwest Territories, Nunavut and Yukon have joined seven provinces in granting it legal authority to protect investors and discipline wrongdoers. The Investment Industry Regulatory Organization of Canada (IIROC) says the superintendents of securities of the three territories are allowing it to collect fines against individuals it has disciplined directly... Read More

Cannabis NB changes images on its website after concerns were raised

Cannabis NB changes images on its website after concerns were raised
FREDERICTON — Cannabis NB has made some changes to its website after concerns were raised by Health Canada last week. The Crown agency came under scrutiny for its product descriptions and pictures of people smiling, posing for selfies and holding yoga poses — images that may violate federal regulations. The agency has removed the photos and says it may adjust some of the wording. The website includes categories... Read More

Task force chair says everyone needs to obey the rules on legalized cannabis

Task force chair says everyone needs to obey the rules on legalized cannabis
FREDERICTON — The former chair of the federal cannabis task force says she expected the initial celebration of recreational weed legalization — but it’s now time for everyone to play by the rules. Anne McLellan said her caution applies to the producers, government and private retailers, and Canadians buying the products. McLellan said she expected some industry players would push the limits,... Read More

What’s next for Paul Allen’s big investments? It’s not clear

What’s next for Paul Allen’s big investments? It’s not clear
SEATTLE — Prior to his death on Monday, billionaire Microsoft co-founder Paul Allen invested large sums in technology ventures, research projects and philanthropy, some of it eclectic and highly speculative. What happens to those commitments now? Outside of bland assurances from his investment company, no one seems quite sure. Allen died in Seattle from complications of non-Hodgkin’s lymphoma, according to... Read More