Business

With the 2024 crab fishery having slated to have begun this past Saturday, April 6th., 2024, crab fishing boats still remained tied-up as fish harvesters await a settlement on fish pricing issues between the Fish, Food & Allied Workers (FFAW) union and the Association of Seafood Producers (ASP). But, fish harvesters are still busy preparing for the return to the fishing grounds once the settlement is reached and they can get back on the water. Here at St. John’s Harbour on Thursday afternoon, April 11, 2024, harvesters load crab pots from a trailer on the waterfront onto the fishing vessel Dalton Princess. -Photo by Joe Gibbons/The Telegram

Crab deal will pay dividends this year and pave way for longer-term stability, says union president

The new pricing system for snow crab is a significant step in addressing problems in the contentious fishery, FFAW president Greg Pretty says. The most lucrative fishery in Newfoundland and Labrador has been in turmoil since pandemic-driven market ...

Updated 20 hours ago |7 min read

Budget 2024 met with criticism by N.L. labour leaders

Updated 20 hours ago |6 min read

Labour leaders and members of the NDP watched Deputy Prime Minister and Finance Minister Chrystia Freeland's budget speech on Wednesday at the Public Service Alliance of Canada office in St. John's. (Jenna Head/ The Telegram)

Prices at the Pumps: An up and down week at the pumps

Updated 9 hours ago |1 min read

Cultural care: New long-term care facility opens in Eskasoni

Updated 8 hours ago |8 min read

Cape Breton's Steel Grounds Café opens new location on Sydney waterfront

Updated a day ago |4 min read

Apple plans to invest more than $250 million to expand Singapore campus

Updated 4 minutes ago |1 min read

TSMC Q1 profit rises 9%, beats market expectations

Reuters |Updated 13 minutes ago |1 min read

TAIPEI (Reuters) - Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor ...

A man pushes a cart at a main market in Colombo, Sri Lanka October 20, 2023.

IMF ready to support Sri Lanka's discussions with bondholders

Uditha Jayasinghe |Updated 34 minutes ago |2 min read

By Uditha Jayasinghe COLOMBO (Reuters) - The International Monetary Fund (IMF) stands ready to support Sri Lanka's discussions with international bondholders and will provide a formal assessment after the parties reach a tentative ...

ABB beats forecasts with first quarter earnings

Reuters |Updated 4 minutes ago |1 min read

ZURICH (Reuters) - ABB reported better than expected profit at the start of the year, the Swiss engineering company said on Thursday, and said it expected faster revenue growth in the coming months. The maker of factory robots, ship motors and ...

Analysis-Wobbling US stocks could push volatility-linked funds to ramp up selling

Saqib Iqbal Ahmed |Updated 44 minutes ago |3 min read

By Saqib Iqbal Ahmed NEW YORK (Reuters) - Volatility-linked investment strategies are joining the nascent sell-off in U.S. stocks and could help accelerate declines if market gyrations keep increasing. Volatility control funds - systematic ...

Investors ask TotalEnergies to split CEO, board chair roles ahead of May AGM

America Hernandez |Updated 44 minutes ago |3 min read

By America Hernandez PARIS (Reuters) - A group of investors in French oil major TotalEnergies is calling for the company to split the roles of CEO and chairman, which they say could speed up its shift away from fossil fuels. "The separation of ...

A view shows Nokia headquarters in Espoo, Finland, October 19, 2023. JUSSI NUKARI/Lehtikuva/via

Nokia's Q1 comparable operating profit misses expectations

Reuters |Updated 3 minutes ago |1 min read

(Reuters) - Finnish telecom gear maker Nokia reported on Thursday a first-quarter comparable operating profit that missed market expectations, with net sales falling 19% as operators' spending on 5G technology slows. (Reporting by Olivier Sorgho ...

Adam Neumann, chief executive officer of U.S. co-working firm WeWork, speaks during a signing ceremony in Shanghai, China April 12, 2018. Picture taken April 12, 2018. Jackal Pan via

Adam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy, FT reports

Reuters |Updated 54 minutes ago |1 min read

(Reuters) - WeWork Inc founder Adam Neumann has made a fresh push to buy back the firm even as it seeks hundreds of millions of dollars to emerge from bankruptcy and avoid a sale, FT reported on Thursday. The shared office space provider was ...

A crude oil terminal under construction is pictured off Ningbo Zhoushan port in Zhejiang province, China January 6, 2018. Picture taken January 6, 2018.

Column - China boosted Q1 crude oil storage as imports flatlined: Russell

Clyde Russell |Updated 1 hour ago |3 min read

By Clyde Russell LAUNCESTON, Australia (Reuters) - China increased the pace at which it added crude to inventories in March as the world's biggest oil importer snapped up record imports from Western-sanctioned Russia. A total of 790,000 barrels ...

People walk past the headquarters of the central bank of the People's Republic of China in Beijing February 16, 2009.

China's central bank warns against 'one-sided' pursuit of credit expansion

Reuters |Updated 1 hour ago |2 min read

BEIJING (Reuters) - China's central bank cautioned on Thursday against a "one-sided" pursuit of credit expansion after data showed a slowdown in bank lending, vowing to prioritise the quality of credit over size and move to revitalise existing ...

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022.

Morning Bid: Tech, FX clouds clear

Reuters |Updated 1 hour ago |2 min read

A look at the day ahead in European and global markets from Kevin Buckland Some respite for Asian stock markets may bode well for the European open, in what has so far been a week to forget for world equities. Part of that seems to be driven by hopes ...