National Business

KAMPALA, Uganda (AP) — Oil drilling has begun in a Chinese-operated field in Uganda and the East African country expects to start production by 2025, an official said Tuesday.

Metro Inc., the first of Canada's big three grocers to release earnings this year, reported Tuesday a double-digit increase in profits and a 10 per cent dividend hike following a period that saw food prices rise at the fastest pace in decades.

TORONTO — A new report says that pledges made by companies to support diversity are at risk as the corporate sector prepares for a possible recession.

SAN FRANCISCO (AP) — Elon Musk returned to the stand for a third day Tuesday in federal court in San Francisco to testify in a trial stemming from a class action lawsuit brought by Tesla investors who allege he misled them with a tweet.

As inflation continues to weigh on Canadians' budgets, some may have entered the new year taking on a self-imposed "no-buy challenge.

NEW YORK (AP) — Stocks are opening lower on Wall Street as more big U.S. companies delivered their earnings reports for the last three months of 2022. Some of them came up short of what investors were expecting, leading to drops in the stock prices.

LONDON (AP) — More landlords are taking Twitter to court over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices — the latest sign that owner Elon Musk's extreme cost-cutting strategy includes s

HELSINKI (AP) — Finland’s foreign minister suggested Tuesday that the country may consider joining NATO without neighboring Sweden if Turkey continues to block their joint bid to enter the military alliance.

TORONTO — Magna International Inc. says its margins for 2022 are expected to come in lower than it forecast. The auto parts company says its adjusted earnings before interest and taxes (EBIT) margin is expected to be about 4.3 per cent for 2022.

TORONTO — Element Fleet Management Corp. says president and chief executive Jay Forbes will retire this year and will be replaced by CIBC executive Laura Dottori-Attanasio.