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National Business

Walmart hires former Google, Amazon exec for new tech role

NEW YORK — Walmart has hired a tech veteran whose resume includes stints at Amazon, Microsoft and Google for a newly elevated position of chief technology officer and chief development officer.

Beyond Meat opens first production plant outside US

EL SEGUNDO, Calif. — Plant-based meat company Beyond Meat is opening its first production facility outside the U.S. The El Segundo, California-based company is partnering with Dutch meat producer Zandbergen World's Finest Meat.
Canadian firms targeted with increasingly sophisticated phishing techniques

Canadian firms targeted with increasingly sophisticated phishing techniques

TORONTO — Fraudsters have become creative in disguising email that contains dangerous links and attachments and Canadian firms may be falling for the scams more often than those in other countries.
Scotiabank Q2 net income up from year ago, but falls short of expectations

Scotiabank Q2 net income up from year ago, but falls short of expectations

TORONTO — The Bank of Nova Scotia's second-quarter profits rose slightly on strong contributions from its international business, but still fell short of analyst expectations as its provisions for loan losses surged in connection with a wave of acqui

Fertilizer company Nutrien raising quarterly dividend to 45 cents US per share

SASKATOON — Nutrien Ltd. is raising its quarterly dividend by 4.7 per cent starting with its payment to shareholders of record at the end of the third quarter. The company says it will pay a quarterly dividend of 45 cents US per share.

NFI Group acquires British bus company Alexander Dennis for $546 million

WINNIPEG — Bus manufacturer NFI Group Inc. has acquired Alexander Dennis Ltd., a British maker of busses, for 320 million pounds or roughly $546 million. Winnipeg-based NFI called the deal is a transformational acquisition.
Alberta regulator restricts fracking near Brazeau dam following earthquake

Alberta regulator restricts fracking near Brazeau dam following earthquake

CALGARY — The Alberta Energy Regulator is moving to restrict oilfield fracking activity near the Brazeau Reservoir in east central Alberta as a precaution following a 4.3 magnitude earthquake south of the area in March.
Trump in Japan: Pomp and tense circumstance

Trump in Japan: Pomp and tense circumstance

TOKYO — All the pomp and pageantry in the world couldn't paper over the tensions between President Donald Trump and Japan's Shinzo Abe on two of their most pressing issues: North Korea and trade.
Bombardier Transportation consortium preferred bidder in $4.5B Cairo monorail

Bombardier Transportation consortium preferred bidder in $4.5B Cairo monorail

MONTREAL — Bombardier Transportation says its consortium has been named preferred bidder in a C$4.5 billion contract to build and supply a new monorail system in Egypt's capital.
Green parties' gains could boost climate action in Europe

Green parties' gains could boost climate action in Europe

BERLIN — Green parties' surprisingly strong showing in elections for the 751-seat European Parliament raised hopes — particularly among young voters — that global warming and other environmental issues will get more serious consideration on the conti
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