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Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4.6% from a year earlier

Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4.6% from a year earlier

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: HBC Hudson's Bay is expected to return to court Tuesday to seek permission to extend its creditor protection, currently in place until May 15, to July 31.
'Take it to the next level': Oil and gas industry players embracing AI and other tech

'Take it to the next level': Oil and gas industry players embracing AI and other tech

CALGARY — Haul trucks, shovels, pumps and pipes are common sights at Imperial Oil's vast oilsands operations in northeastern Alberta, but so too are robots and drones, with generative artificial intelligence a newer addition to the technological mix.
Herschel Segal, founder of Canadian brands Le Château and DavidsTea, has died

Herschel Segal, founder of Canadian brands Le Château and DavidsTea, has died

MONTREAL — Specialty tea provider DavidsTea Inc. says co-founder Herschel Segal, who also launched the Canadian fashion retailer Le Château, has died.
US-China tariff talks to continue Sunday, an official tells AP, as Trump touts 'great progress made'

US-China tariff talks to continue Sunday, an official tells AP, as Trump touts 'great progress made'

GENEVA (AP) — Sensitive talks between U.S. and Chinese delegations over tariffs that threaten to upend the global economy ended after a day of prolonged negotiations and will resume Sunday, an official told The Associated Press.
Calgary, Edmonton mayors call potential separatism referendum 'dangerous'

Calgary, Edmonton mayors call potential separatism referendum 'dangerous'

CALGARY — Alberta's two big-city mayors say a separation referendum would be "devastating" to their local economies and is a needless distraction during a period in which the country should be focused on unity.
Google will pay Texas $1.4B to settle claims the company collected users' data without permission

Google will pay Texas $1.4B to settle claims the company collected users' data without permission

Google will pay $1.4 billion to Texas to settle claims the company collected users' data without permission, the state’s attorney general announced Friday.
Appeal denied for Calgary man convicted in multimillion-dollar Ponzi scheme

Appeal denied for Calgary man convicted in multimillion-dollar Ponzi scheme

CALGARY — An Alberta court has denied the appeal of a Calgary man convicted three years ago of a Ponzi scheme that saw his clients bilked out of millions of dollars.
Air Canada lowers financial forecast as U.S. bookings fall sharply amid trade war

Air Canada lowers financial forecast as U.S. bookings fall sharply amid trade war

MONTREAL — Air Canada lowered its financial forecast for the year as travellers continue to shy away from trips to the United States amid cross-border tensions, pushing the country's largest airline to hunt for demand elsewhere.
Telecom and energy sectors help lift S&P/TSX composite, U.S. markets mixed

Telecom and energy sectors help lift S&P/TSX composite, U.S. markets mixed

TORONTO — The trading week wound to a close with the Canadian market on an upbeat but cautious swing.
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