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More than three-quarters of CEOs confident about global economy in 2021: PwC survey

More than three-quarters of CEOs confident about global economy in 2021: PwC survey

NEW YORK — More than 5,000 chief executives globally expressed record optimism about economic growth a year after the World Health Organization declared COVID-19 a global pandemic, suggests a PwC survey.
Transat AT reports $60.5M Q1 loss, expects to resume operations mid-June

Transat AT reports $60.5M Q1 loss, expects to resume operations mid-June

MONTREAL — Transat AT Inc. expects to resume its operations around mid-June, during the high summer season, the travel company said Thursday as it reported its latest financial results.
BMW remained profitable in 2020 with strong second half

BMW remained profitable in 2020 with strong second half

FRANKFURT — German luxury automaker BMW says net profit fell 23% last year to 3.86 billion euros ($4.62 billion) as the pandemic shuttered factories in the first part of the year.
Lagging US, Europe speeds up help for virus-hit economy

Lagging US, Europe speeds up help for virus-hit economy

FRANKFURT — The European Central Bank said it would step up its bond-purchase stimulus to support an economy whose recovery is expected to lag a year behind the rebound in the U.S.
WestJet cancels orders for 15 Boeing 737 Max planes as industry struggles

WestJet cancels orders for 15 Boeing 737 Max planes as industry struggles

WestJet Airlines Ltd. says it has cancelled orders for 15 Boeing 737 Max aircraft as the industry-wide downturn in aviation continues. The cancellations leave WestJet with 27 Max aircraft remaining on order, the company says.
Coupang, the Amazon of South Korea, debuts on NYSE

Coupang, the Amazon of South Korea, debuts on NYSE

The biggest IPO in years is rolling out Thursday on the New York Stock Exchange where Coupang, the South Korean equivalent of Amazon in the U.S., or Alibaba in China, will begin trading under the ticker “CPNG.
US jobless claims fall to 712,000 as pace of layoffs eases

US jobless claims fall to 712,000 as pace of layoffs eases

WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November, evidence that fewer employers are cutting jobs amid a decline in confirmed coronavirus cases and signs of an improvin
Brookfield Infrastructure says its price for Inter Pipeline stands, despite rejection

Brookfield Infrastructure says its price for Inter Pipeline stands, despite rejection

TORONTO — Brookfield Infrastructure Partners LP says Inter Pipeline Ltd. hasn't provided evidence to support its call for a higher alternative to the $7.1 billion hostile takeover bid that Brookfield announced last month.
Budget-conscious gamers have alternatives to sky high PlayStation prices

Budget-conscious gamers have alternatives to sky high PlayStation prices

TORONTO — A shortage of video game consoles during the COVID-19 pandemic has been highly lucrative for resellers like Rick Charles. The 25-year-old project manager has made as much as $500 profit on the sale of each coveted new PlayStation 5.

Premium Brands reports Q4 profit and revenue up, increases quarterly dividend

VANCOUVER — Premium Brands Holdings Corp. raised its dividend as it reported its fourth-quarter profit and revenue rose compared with a year ago. The specialty food company increased its quarterly dividend to 63.5 cents per share, up from 57.