China’s economy growth cools further amid US tariff war

China’s economy growth cools further amid US tariff war
BEIJING — China’s economic growth slowed to its lowest level in a decade in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world’s second-largest economy grew 6.2% over a year ago, down from the previous quarter’s 6.4%, government data showed Monday. That was the weakest growth since the... Read More

Aspen Tech buys Montreal-based AI company Mnubo Inc. for $102 million

Aspen Tech buys Montreal-based AI company Mnubo Inc. for $102 million
Montreal-based tech firm Mnubo Inc. has been snapped up by Aspen Technology Inc. for $102 million. Mnubo has been developing artificial intelligence and analytics infrastructure for industrial companies to deploy internet-connected equipment. The technology allows companies like manufacturers to automatically monitor equipment to detect problems and improve efficiencies. Aspen says the acquisition, set to close within five business days, will help it improve... Read More

S. Korea proposes UN probe over Japanese sanctions claims

S. Korea proposes UN probe over Japanese sanctions claims
SEOUL, Korea, Republic Of — South Korea said Friday it wants an investigation by the United Nations or another international body as it continues to reject Japanese claims that Seoul could not be trusted to faithfully implement sanctions against North Korea. Kim You-geun, deputy director of South Korea’s presidential national security office, said South Korea has been thoroughly implementing U.N.... Read More

AP Source: VW investing $2.6B in Ford-owned robocar firm

AP Source: VW investing $2.6B in Ford-owned robocar firm
DETROIT — Volkswagen will sink $2.6 billion into a Pittsburgh autonomous vehicle company that’s mostly owned by Ford as part of a broader partnership with the U.S. No. 2 automaker, according to a person briefed on the matter. The German and U.S. manufacturers will co-operate on the development of electric vehicles, the automakers will announce Friday in New York. The... Read More

Twitter investigating widespread outage that lasted more than an hour

Twitter investigating widespread outage that lasted more than an hour
SAN FRANCISCO — Twitter is investigating a problem that affected service to its users in the United States, Canada and Europe for more than an hour Thursday. The disruption began about 2:46 p.m Eastern Time, according to DownDetector.com, a site that monitors outages on social media. Twitter Canada’s spokesman confirmed the social media service was still down about an hour later, shortly before service was restored. Outages were widespread in... Read More

Cenovus produces one billionth barrel from thermal oilsands operations

Cenovus produces one billionth barrel from thermal oilsands operations
CALGARY — Cenovus Energy Inc. says its thermal oilsands operations in northern Alberta produced their one billionth barrel of bitumen on Wednesday. The milestone comes about 18 years after Cenovus’ Foster Creek facility was launched in 2001 as the first commercial oilsands project to use steam-assisted gravity drainage technology or SAGD. Its sister project at Christina Lake began producing oil a year... Read More

Cogeco’s additions of U.S. internet subscribers was Q3 bright spot, analysts say

Cogeco’s additions of U.S. internet subscribers was Q3 bright spot, analysts say
MONTREAL — Analysts say they are surprised by the reported financial and subscriber strength of Atlantic Broadband, the main U.S. subsidiary of Montreal-based cable and internet provider Cogeco Communications Inc. Notes issued by RBC Dominion Securities and Canaccord Genuity say Cogeco added more than 14,000 internet subscribers in the United States during the company’s fiscal third quarter ended May 31. They also... Read More

Boeing deliveries of 737 tumble in 2nd quarter

Boeing deliveries of 737 tumble in 2nd quarter
CHICAGO — Deliveries of Boeing’s 737 aircraft tumbled in the second quarter, as the company continues to deal with repercussions following two deadly crashes. Boeing said Tuesday that it delivered 24 737s in the second quarter, down sharply from the 89 delivered in the first quarter. The announcement comes a day after Boeing said Saudi airline Flyadeal, the budget airline... Read More

Energy and tech sectors help lift TSX composite, U.S. stock markets mixed

Energy and tech sectors help lift TSX composite, U.S. stock markets mixed
TORONTO — Gains in the energy sector and technology stocks helped boost Canada’s main stock index in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 58.35 points at 16,521.30. In New York, the Dow Jones industrial average was down 82.74 points at 26,723.40. The S&P 500 index was down 0.53 of a point at... Read More