Category: Business

Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.

Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Rolls-Royce will manufacture nuclear reactors to power new U.K. submarines under a contract valued approximately at $11.1 billion.

The Chinese autonomous-driving company is aiming to make more inroads overseas this year, betting that robotaxis and related services will be in high demand in coming years.

The lighting company said Chief Executive Officer Eric Rondolat would step down after its annual general meeting on April 25.

British business is set for a tough year, with a worrying surge in the number of firms entering “critical” financial distress in the final quarter of 2024, according to consultancy Begbies Traynor.

The flavor-and-fragrance company said full-year net profit for 2024 rose 22% to $1.2 billion, beating analyst expectations.

Private-equity firms are among several bidders vying for a stake in the largest private hospital in the Philippines in a deal that could value the business at around $3.0 billion, people familiar with the process said.