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Twitter Inc will allow people to tip their favourite content creators with bitcoin and will launch a fund to pay some users who host audio chat rooms on its Spaces feature, the company said on Thursday.
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TORONTO -- Canada added seven billionaires in 2020, increasing its total to 53, tied for 12th-most in the world, up from 14th the previous year, according to a new global report.
The combined wealth of Canadian billionaires also tops US$100 billion, an increase of 4.5 per cent from last year.
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Fears that a Chinese real estate developer's possible default on multibillion-dollar debts might send shockwaves through global financial markets appeared to ease Thursday as creditors waited to see how much they might recover.
Shares of Evergrande Group, one of China's biggest private sector conglomerates, rose 18 per cent in Hong Kong after the company said it would pay interest to bondholders in China.
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TORONTO -- The chief executive of Cineplex Inc. says his company's decision to slow payments to film studios and seek rent deferrals and abatements during the pandemic was akin to moves being made by Cineworld Group PLC and other large Canadian retailers.
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LONDON -- The European Union unveiled plans Thursday to require smartphone makers to adopt a single charging method for mobile devices.
The European Commission, the bloc's executive arm, proposed legislation that would mandate USB-C cables for charging, technology that many device makers have already adopted.
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Two former executives at SNC-Lavalin have been charged with fraud and forgery by the RCMP as part of an ongoing criminal investigation into the Montreal-based engineering company.
Known as Project Agrafe, the investigation into various SNC subsidiaries and employees is related to bribes that RCMP allege were paid in exchange for obtaining contracts.
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BEIJING -- Fears that a Chinese real estate developer's possible default on multibillion-dollar debts might send shockwaves through global financial markets appeared to ease Thursday as creditors waited to see how much they might recover.
Shares of Evergrande Group, one of China's biggest private sector conglomerates, rose 18% in Hong Kong after the company said it would pay interest to bondholders in China.
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VANCOUVER -- Canada's Olympic and Paralympic athletes will be clad in Lululemon as they climb the podium in Beijing next year.
The Vancouver-based athletic company has signed on to become the official outfitter of Team Canada starting with the 2022 Winter Olympics.
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TAIPEI, TAIWAN -- Taiwan announced Thursday it has applied to join an 11-nation Pacific trade group, setting up a potential clash with rival Beijing over the status of the island democracy.
The Chinese government, which claims Taiwan as part of its territory, gave no details of how it might respond but said the island has no right to join international bodies.
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TORONTO -- Canada’s Olympic team appears to be putting their meme-worthy formal wear to bed after announcing a partnership with Lululemon to provide their clothing for the next four Olympic Games.
The Canadian Olympic Committee and the Canadian Paralympic Committee announced on Thursday that Lululemon is the new “official outfitter” for the 2022 Beijing Winter Olympics, in a deal that extends to the 2028 Summer Games in Los Angeles.
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TORONTO -- CBRE Group Inc. says the national office vacancy rate hit 15.7 per cent in the third quarter for the highest level since 1994 as people continue to work from home because of COVID-19.
The commercial real estate firm says that a fourth wave has slowed an expected return to work, helping push up the vacancy rate from 15.3 per cent in the last quarter.
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OTTAWA -- Canadian retail sales dropped 0.6 per cent to $55.8 billion in July as sales at supermarkets and grocery stores fell with more people returning to restaurants and patios.
However, Statistics Canada said Thursday that its initial estimate for August suggests retail sales gained 2.1 per cent for that month, but cautioned the figure will be revised.
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