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Magna plans to expand manufacturing in North America to focus on EVs

Magna plans to expand manufacturing in North America to focus on EVs

Canadian auto parts company Magna International Inc. is planning to expand its global manufacturing capacity to North America as it focuses on electric vehicle production. The Aurora, Ont.
South Africa halts J&J vaccine jabs; Europe rollout delayed

South Africa halts J&J vaccine jabs; Europe rollout delayed

JOHANNESBURG 鈥 South Africa suspended giving Johnson & Johnson vaccine shots Tuesday as a 鈥減recautionary measure鈥 and the company delayed its European vaccine rollout following an FDA decision to pause the jabs while very rare blood clot cases ar
France suspends all Brazil flights due to virus variants

France suspends all Brazil flights due to virus variants

PARIS 鈥 France suspended all flights from Brazil on Tuesday amid mounting fears over the particularly contagious coronavirus variant that has been sweeping the South American country. Prime Minister Jean Castex announced the suspension to parliament.
Canada Infrastructure Bank and Fortis subsidiary invest in transmission line

Canada Infrastructure Bank and Fortis subsidiary invest in transmission line

OTTAWA 鈥 The Canada Infrastructure Bank and ITC Investment Holdings have signed a deal to invest $1.7 billion in an underwater transmission line connecting Ontario to Pennsylvania under Lake Erie.
Volkswagen reaches wage deal with German workers

Volkswagen reaches wage deal with German workers

FRANKFURT 鈥 Volkswagen and Germany鈥檚 largest industrial union have agreed on a 23-month wage deal that provides a 1,000 euro bonus recognizing employee efforts during the coronavirus pandemic and a 2.3% wage increase from January 2022.
UK economy grows 0.4% amid confidence from vaccine rollout

UK economy grows 0.4% amid confidence from vaccine rollout

LONDON 鈥 The U.K. economy grew 0.4% in February, rebounding from a sharp drop the previous month, as the rapid rollout of COVID-19 vaccines boosted confidence in a recovery from the pandemic.
Scotiabank CEO wants top up for child tax credit, grants for businesses

Scotiabank CEO wants top up for child tax credit, grants for businesses

TORONTO 鈥 The head of the Bank of Nova Scotia is urging Ottawa to adopt a series of policy changes to help parents, businesses of all sizes and companies trade between provinces.
Japan to start releasing Fukushima water into sea in 2 years

Japan to start releasing Fukushima water into sea in 2 years

TOKYO 鈥 Japan's government announced Tuesday it would start releasing treated radioactive water from the wrecked Fukushima nuclear plant into the Pacific Ocean in two years.
Consumer prices jump 0.6% in March, biggest gain since 2012

Consumer prices jump 0.6% in March, biggest gain since 2012

WASHINGTON 鈥 U.S. consumer prices increased a sharp 0.6% in March, the biggest uptick since 2012, while inflation over the past year jumped 2.6%.
Ontario regulator to provide $500M credit facility to PACE Credit Union

Ontario regulator to provide $500M credit facility to PACE Credit Union

TORONTO 鈥 Ontario's financial regulator will provide a $500-million credit facility to help PACE Credit Union continue operations.
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