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Business News Summary Headlines

Company releases, economic news, and business coverage.

China lifts ban on Brazilian beef

BEIJING - China has lifted an import ban on beef from Brazil after Brazilian authorities promised to block shipments by producers at the centre of a product quality scandal, a foreign ministry spokeswoman said Monday.

Brazil also has promised to take stricter measures to ensure the quality of meat shipped to China, said the spokeswoman, Hua Chunying.

Monday, March 27, 2017 | 08:39 AM

Canadian Federation of Humane Societies lauds new code for egg-laying hens

The Canadian Federation of Humane Societies says a new code of practice for egg farmers will help reduce the extreme stress suffered by egg-laying hens and give consumers some assurance about the term "cage-free."

The National Farm Animal Care Council code calls for producers to work toward phasing out the use of small, cramped cages for hens over the next 15 years, and sets new care standards for the birds, the federation says.

Monday, March 27, 2017 | 07:34 AM

Restaurant Brands International gets 83 per cent of Popeyes stock by deadline

OAKVILLE, Ont. - Restaurant Brands International Inc. of Oakville, Ont., (TSX:QSR) has received enough shares of Popeyes Louisiana Kitchen, Inc. to complete its US$1.8-billion friendly takeover of the fast food chain.

The parent of Tim Hortons and Burger King says that about 83 per cent of Popeyes common stock was tendered to the offer by the deadline, which expired at 11:59 p.m. on Friday.

Monday, March 27, 2017 | 07:07 AM

EU calls for privacy-security balance on message encryption

BRUSSELS - The European Union's presidency says people's privacy must be protected following British calls for police access to encrypted messages in case of attacks.

Maltese Interior Minister Carmelo Abela said Monday "there is a fine line here. We need to of course protect the privacy of the people but we also have to protect the security of the people."

Monday, March 27, 2017 | 04:58 AM

Home buyers, tenants from Lower Mainland moving to outlying areas to live

POWELL RIVER, B.C. - David Repa recalls the shock he felt sitting down at a bank after selling his Vancouver business in 2013 and realizing for the first time how much of "a joke" his prospects were of owning a home in the city.

"Oh, my God. I'm not even close," Repa remembers thinking at the time.

Sunday, March 26, 2017 | 06:40 PM

Will NYC invite the 'Fearless Girl' to stay on Wall Street?

NEW YORK - Should the "Fearless Girl" stand up to Wall Street's charging bull forever?

That's the question New York City officials are facing after a statue of a ponytailed girl in a windblown dress went up in front of the bronze bull early this month and immediately became a tourist draw and internet sensation.

Sunday, March 26, 2017 | 06:00 PM

OPEC, non-cartel nations may extend oil cut another 6 months

KUWAIT CITY - OPEC members and non-cartel nations are leaving open the possibility of a six-month extension on a deal to reduce oil production, according to a statement Sunday by a committee of ministers from OPEC and other oil-producing nations.

The joint committee, which met in Kuwait, said that as of February, OPEC and participating non-OPEC countries achieved a conformity level of 94 per cent on a voluntary six-month cut in output. The statement said the figure "demonstrates the willingness of all participating countries to continue their co-operation."

Sunday, March 26, 2017 | 02:41 PM

Ripples from US nuclear plant closings overwhelm small towns

OAK HARBOR, Ohio - Living in the shadows of the Davis-Besse nuclear power plant's cooling tower, which soars above Lake Erie in Ohio like an oversized lighthouse, brings with it some give-and-take.

On the plus side, it generates tax money that once paid for a high school swimming pool and auditorium. Then there are the stockpiles of radiation pills and emergency drills for students in case of a disaster.

Sunday, March 26, 2017 | 01:56 PM

UK: Attacker used WhatsApp, firm must help police get access

LONDON - Westminster Bridge attacker Khalid Masood sent a WhatsApp message that cannot be accessed because it was encrypted by the popular messaging service, a top British security official said Sunday.

British press reports suggest Masood used the messaging service owned by Facebook just minutes before the Wednesday rampage that left three pedestrians and one police officer dead and dozens more wounded.

Sunday, March 26, 2017 | 01:40 PM

Iran strikes back at US with 'reciprocal' sanctions

TEHRAN, Iran - Iran on Sunday sanctioned what it described as 15 American companies, alleging they support terrorism, repression and Israel's occupation of land Palestinians want for a future state, likely in retaliation for sanctions earlier announced by the U.S.

The wide-ranging list from an American real estate company to a major arms manufacturer appeared more symbolic than anything else as the firms weren't immediately known to be doing business anywhere in the Islamic Republic.

Sunday, March 26, 2017 | 01:15 PM