China ups pressure as bail hearing resumes for top tech exec

China ups pressure as bail hearing resumes for top tech exec
VANCOUVER — Ajailed Chinese technology executive waited Monday to see if she’d get released on bail in a case that has raised U.S.-China tensions and complicated efforts to resolve a trade dispute that has roiled financial markets and threatened global economic growth. Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei and daughter of its founder, was detained... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (14,728.28, down 66.85 points). Bombardier Inc. (TSX:BBD.B). Down 15 cents, or 6.67 per cent, to $2.10 on 21.3 million shares. Aphria Inc. (TSX:APHA). Health care. Up 60 cents, or 8.66 per cent, to $7.53 on 14.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up seven cents, or 0.92 per cent,... Read More

North American markets endure wild ride, bounce back from deep losses

North American markets endure wild ride, bounce back from deep losses
TORONTO — North American investors endured a wild ride as markets rebounded from deep declines in trading on broad-based weakness led by the energy sector. The S&P/TSX composite index closed down 66.85 points to 14,728.28 after hitting a triple-digit decline in earlier trading. In New York, the Dow Jones industrial average was up 34.31 points at 24,423.26. The S&P 500 index was up 4.64 points at... Read More

BlackBerry unveils secure smart-city service as CEO opens up about big tech

BlackBerry unveils secure smart-city service as CEO opens up about big tech
BlackBerry Inc. is making a play to integrate itself into smart cities and vehicles. The Waterloo, Ont.-based technology company announced Monday that it has built a new service to provide infrastructure for vehicles and traffic lights to exchange information securely. BlackBerry will waive the service fees for the product for automakers and public offices involved in smart city and connected vehicle pilots... Read More

Chinese court bans some iPhones over Qualcomm dispute

Chinese court bans some iPhones over Qualcomm dispute
NEW YORK — U.S. chipmaker Qualcomm says it’s won an order in a Chinese court banning some Apple phones in China as part of a long-running dispute over patents. Qualcomm said Monday that the Fuzhou Intermediate People’s Court in China has granted preliminary injunctions ordering four Chinese subsidiaries of Apple to stop selling and importing iPhones. It’s not immediately clear... Read More

CUV Ventures Corp. RevoluPAY® Central Bank Proprietary Financial Payment Service Provider License Application Submitted For Statutory 90 Day Approval

CUV Ventures Corp. RevoluPAY® Central Bank Proprietary Financial Payment Service Provider License Application Submitted For Statutory 90 Day Approval
VANCOUVER – CUV Ventures Corp. (TSX-V: CUV) has announced that the wholly owned subsidiary, RevoluPAY® S.L. has formally submitted its application for a proprietary finance license in the European Union on the 22 November 2018. The statutory approval time for the said application is 90 days. Shareholders are reminded that RevoluPAY® currently operates through an indefinite third-party banking license, thus, financial operations remain... Read More

BlackBerry to unveil secure smart-city traffic technology service

BlackBerry to unveil secure smart-city traffic technology service
WATERLOO, Ont. — BlackBerry Inc. is attempting to aid in the creation of smart cities with a new service that provides the infrastructure for vehicles and traffic lights to exchange information in a secure manner. The Waterloo-based tech company says it will not charge service fees for automakers and public offices involved in smart city and connected vehicle pilots to... Read More

CUPE calls off Flair Airlines job action citing job security concerns

CUPE calls off Flair Airlines job action citing job security concerns
BURNABY, B.C. — The Canadian Union of Public Employees has called off a job action by 139 Flair Airlines flight attendants that was set to begin at midnight tonight. The union cites concerns for the job security of members of CUPE Local 4060 for its decision. It says in a release that Flair Airlines issued memos to employees advising that... Read More

Ontario’s deficit to rise to $12.3B this year, fiscal watchdog says

Ontario’s deficit to rise to $12.3B this year, fiscal watchdog says
TORONTO — Ontario’s financial watchdog says the province’s deficit will rise to $12.3 billion this fiscal year, half a billion more than he predicted before the spring election. Financial Accountability Officer Peter Weltman says policy decisions such as cancelling the cap-and-trade program and reversing several tax increases, combined with a weaker economic forecast, contributed to the change. In his fall economic and budget outlook, Weltman says... Read More

Prosecutors indict Nissan’s Ghosn for underreporting pay

Prosecutors indict Nissan’s Ghosn for underreporting pay
TOKYO — Prosecutors have charged Nissan Motor Co.’s former chairman Carlos Ghosn, another executive and the automaker itself for allegedly violating financial laws by underreporting income. The charges imposed Monday involve allegations Ghosn’s pay was underreported by about 5 billion yen ($44 million) in 2011-2015. The prosecutors said earlier that the allegations were the reason for Ghosn’s arrest on Nov.... Read More