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BMO wins reversal of jury verdict in U.S. lawsuit against bank

BMO wins reversal of jury verdict in U.S. lawsuit against bank

TORONTO — BMO Financial Group says it has won the reversal of a 2022 jury verdict against the bank in a lawsuit related to a Ponzi scheme in the United States. The Canadian bank says the U.S.
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Russian central bank hikes rates to fight inflation fueled by military spending in growing economy

Russian central bank hikes rates to fight inflation fueled by military spending in growing economy

MOSCOW (AP) — Russia's central bank raised its key interest rate by a full percentage point to 19% to combat high inflation as government spending on the military strains the economy's capacity to produce goods and services and drives up workers' wag
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China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

HONG KONG (AP) — Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4 million) over its involvement in the audit of collapsed property developer Evergrande.
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Boeing factory workers go on strike after rejecting contract offer

Boeing factory workers go on strike after rejecting contract offer

SEATTLE (AP) — Aircraft assembly workers walked off the job early Friday at Boeing factories near Seattle after union members voted overwhelmingly to go on strike and reject a tentative contract that would have increased wages by 25% over four years.
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Greenbelt issue a barrier to support for speeding up infrastructure: government poll

Greenbelt issue a barrier to support for speeding up infrastructure: government poll

TORONTO — One of the largest factors standing in the way of Ontario being able to speed up critical infrastructure projects is a sense of public distrust fostered by the government's own history with the Greenbelt, polling commissioned by the governm
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China is raising its retirement age, now among the youngest in the world's major economies

China is raising its retirement age, now among the youngest in the world's major economies

BEIJING (AP) — China starting next year will raise its retirement age for workers, which is now among the youngest in the world's major economies.
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China's legislature approves raising the retirement age, now among world lowest for major economies

China's legislature approves raising the retirement age, now among world lowest for major economies

BEIJING (AP) — China's legislature announced Friday that it was raising the retirement age for its workers, according to state broadcaster CCTV.
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Boeing machinists vote to strike after rejecting pay increases of 25% over 4 years

Boeing machinists vote to strike after rejecting pay increases of 25% over 4 years

SEATTLE (AP) — Machinists at Boeing voted Thursday to go on strike, another setback for the giant aircraft maker whose reputation and finances have been battered and now faces a shutdown in production of its best-selling airline planes.
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North Korea discloses a uranium enrichment facility as Kim calls for more nuclear weapons

North Korea discloses a uranium enrichment facility as Kim calls for more nuclear weapons

SEOUL, South Korea (AP) — North Korea offered a rare glimpse into a secretive facility to produce weapons-grade uranium as state media reported Friday that leader Kim Jong Un visited the area and called for stronger efforts to “exponentially” increas
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North Korea discloses a uranium enrichment facility as Kim calls for more nuclear weapons

North Korea discloses a uranium enrichment facility as Kim calls for more nuclear weapons

SEOUL, South Korea (AP) — North Korea offered a rare glimpse into a secretive facility to produce weapons-grade uranium as state media reported Friday that leader Kim Jong Un visited the area and called for stronger efforts to “exponentially” increas
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