U.K. economy to shrink 1.5%

LONDON – Britain's economy will shrink by 1.5 per cent next year and unemployment could reach 2.5 million in 2010, up from the current […]

Recession possible, Carney concedes

OTTAWA – The Bank of Canada conceded for the first time that the Canadian economy could be headed for a recession, adding that more […]

Auto executives in spotlight as U.S. weighs bailout

U.S. automakers should consider executive shake-ups if it would ensure congressional backing for a bailout supporters say is needed to prevent industry collapse, an […]

ATS Automation Tooling cutting 150 jobs

CAMBRIDGE–ATS Automation Tooling Systems Inc. plans to trim five per cent of its workforce – or about 170 jobs – by next spring after […]

New ‘chip’ credit cards stir security issues

Credit card issuers in Canada are moving to a new system for fighting fraud.
Each credit card will have an embedded computer chip that can store […]

British Airways reports a loss

LONDON–British Airways PLC yesterday reported a first-half net loss of 49 million pounds ($77 million U.S.), as record fuel prices and a global slowdown […]

Chrysler cash drains away as crisis deepens: sources

Chrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can’t clinch a merger with General […]

Ameren to defer up to $1 billion of 2009 spending

Ameren Corp. may halt construction of pollution controls at a St. Charles County power plant as part of a broader plan to defer up […]

European economy to barely grow in ‘09

The European Commission forecast Monday that the economy in the 15 countries that use the euro will barely grow next year, expanding just 0.1% […]