Business And Finance

Gazprom is enjoying a sales boom in Europe

FEW firms have more power to heat up the cauldron of global geopolitics like Gazprom, the state-backed Russian energy producer. It supplies more than a third of the natural gas that Europeans use for power generation, heating and cooking, creating what many—especially Americans—see as an unhealthy dependence (see chart). It has used its strength to bully countries which are out ...

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Crown seeking decade-long prison sentence for Knowledge House insiders

The prosecution made its case Tuesday for a “harsh and significant” sentence of between 10 and 12 years for the two central figures behind Nova Scotia’s largest stock manipulation fraud. The sentencing hearing in Nova Scotia Supreme Court in Halifax was for former Knowledge House president Dan Potter, 66, and securities lawyer Blois Colpitts, 55. The pair were convicted in ...

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McKinsey manages to get itself sued for racketeering

MOBSTERS, gangsters and bent cops have all been tried under America’s Racketeer Influenced and Corrupt Organisations (RICO) Act. Might consultants be next? McKinsey, a management consultancy, is being sued under the law by Jay Alix, the founder of AlixPartners, a competitor in the field of bankruptcy advice. Mr Alix alleges that McKinsey knowingly misled courts in order to land clients. ...

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Jets' global exposure creates golden opportunity for tourism, economic development

Winnipeg is poised to score big dividends from the international exposure the Jets’ Stanley Cup playoff run has brought to the city and province. “I couldn’t pay with my entire year’s budget for what we’ve got in the past few weeks,” said Dayna Spiring, president and CEO of Economic Development Winnipeg. “The way our Jets have been able to put Winnipeg on the ...

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Boeing’s antics at the World Trade Organisation risk a trade war

GULLIVER’S regular readers might be interested in an article in this week’s print edition about Boeing’s partial victory in a case at the World Trade Organisation, brought in retaliation for subsidies that the European Union is alleged to have given Airbus, its European planemaking rival.  On May 15th the WTO’s final appeals body upheld parts of a previous ruling, finding ...

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Celebrations of life in creative locations taking over from stuffy funeral homes

Forget the dimly lit, sombre mood of an old-fashioned funeral home. Consider instead a cocktail party-style celebration of life, complete with hors d’oeuvres and a video tribute. Ashes in an urn? Try a teapot, or a toolbox instead. Canadians’ ideas about what should happen after they die are becoming more creative and custom-designed to the individual. And that means businesses ...

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Toyota takes a winding road to autonomous vehicles

Intrepid data gatherers UBER’s fleet of autonomous vehicles has been parked up since one of its self-driving cars struck and killed a woman in Tempe, Arizona in March. That death highlighted once again the industry’s rush to develop self-driving cars. Waymo, a sister company of Google, plans to launch a robotaxi service in Arizona this year. General Motors says it ...

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Ottawa's Trans Mountain insurance raises hopes in the oilpatch, but plenty of challenges remain

In the corridors of Alberta’s legislature and around the oilpatch, federal Finance Minister Bill Morneau’s commitment to backstop construction of the Trans Mountain pipeline project was greeted with optimism Wednesday. For a project that’s been devoid of much hope recently, this was no small feat. But Ottawa’s promise of financial indemnity, which is basically a big insurance policy if Kinder Morgan has to ...

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