Business

Miranda Parker, head distiller at Compass Distillers, with bottles of Hell Isle rum, something of a departure for the company and which is already selling well. - BILL SPURR / THE CHRONICLE HERALD

New Compass rum enters the market smoothly

Compass Distiller’s first batch of its new Hell Isle rum went out the door so quickly that head distiller Miranda Parker had to take a break from bottling the second batch to talk about it. “This product is launching directly through the NSLC, which ...

Updated 4 hours ago |3 min read

A multimillion-dollar question: Should the lobster carapace size be increased in southwestern Nova Scotia?

Updated 5 hours ago |9 min read

Lobster fishing boats make their way into the Falls Point Wharf in Woods Harbour after a day on the fishing grounds. Kathy Johnson

Cape Breton company moving offshore wind parts internationally from Sydney

Updated 4 hours ago |8 min read

This large ship anchored in the Sydney Harbour this week is called the Sea Installer. Owned by Belgium company DEME, the Sea Installer is specially designed to carry and help install offshore wind turbine components. It often transports equipment such as windmill blades and monopile seabed anchors between the Atlantic Canada Bulk Terminal in Sydney and destinations in Europe and the United States. LUKE DYMENT/CAPE BRETON POST

THE WRAP: $100 million in soda, streamlined shellfish, and only the poor change eating habits

Updated 10 hours ago |6 min read

MEET THE MAKERS - Focusing on crafts: Crocheting, sewing and sign making also part of creative process for photographer

Updated a day ago |6 min read

Skydance expects to more than double its revenue in coming years, WSJ reports

Updated 20 minutes ago |1 min read

Bank of Japan Governor Kazuo Ueda speaks during a press conference after attending the G20 Finance Ministers and Central Bank Governors meeting in Sao Paulo, Brazil, February 29, 2024.

BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising

Reuters |Updated just now |1 min read

By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Friday the central bank will "very likely" be raising interest rates if underlying inflation continued to go up. Ueda also said the central bank will find a way to reduce ...

Brazil's Embraer delivers 25 jets in Q1; backlog hits 7-year high

Reuters |Updated 1 hour ago |1 min read

SAO PAULO (Reuters) - Brazilian planemaker Embraer said on Friday it delivered 25 aircraft - seven commercial planes and 18 executive jets - in the first quarter of 2024, a 67% increase on a yearly basis. Embraer, the world's third-largest ...

People are reflected on a Honda Motor car outside the company's headquarters in Tokyo, Japan February 2, 2017. Picture taken February 2, 2017.

Honda to invest $808 million in Brazil by 2030

Reuters |Updated 39 minutes ago |1 min read

BRASILIA (Reuters) -Japanese automaker Honda will invest 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030, an executive said on Friday, adding the company aims to develop a hybrid-flex vehicle in the South American ...

Nike to lay off 740 employees at Oregon headquarters

Reuters |Updated 2 hours ago |1 min read

(Reuters) - Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025. The "second ...

Bank of Mexico deputy governor sees rates on hold for longer than expected

Marcela Ayres |Updated 2 hours ago |3 min read

By Marcela Ayres WASHINGTON (Reuters) - Bank of Mexico Deputy Governor Jonathan Heath said on Friday the benchmark interest rate is likely to remain unchanged for longer than expected by markets, noting it would likely stay put at 11% at the May ...

Flags fly over the Federal Reserve building on a windy day in Washington, U.S., May 26, 2017.

Fed survey cites inflation, US election as key financial stability risks

Howard Schneider, Pete Schroeder |Updated 1 hour ago |3 min read

By Howard Schneider and Pete Schroeder WASHINGTON (Reuters) -Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's latest survey of U.S. central bank contacts, with ...

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009.

Fed says 1,804 banks and other institutions tapped emergency lending facility

Reuters |Updated 3 hours ago |1 min read

(Reuters) - Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday. About 95% of ...

A Lululemon store in the CF Toronto Eaton Centre shopping mall in Toronto, Ontario, Canada December 13, 2021.

Lululemon to shutter Washington distribution center, lay off 128 employees

Reuters |Updated 1 hour ago |2 min read

(Reuters) -Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner ...

A view of Cobre Panama mine of Canadian First Quantum Minerals, one of the world's largest open-pit copper mines, during a media tour, in Donoso, Panama, January 11, 2024.

Governments must broker local support for mines, industry group says

Ernest Scheyder |Updated 3 hours ago |3 min read

(This April 17 story has been officially corrected after the industry trade group clarifies to say it believes industry has a role to play in the government's FPIC review process, in paragraph 9) By Ernest Scheyder SANTIAGO (Reuters) - The ...

IMF Managing Director Kristalina Georgieva speaks during a press briefing at the International Monetary and Financial Committee (IMFC) plenary session at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 19, 2024.

Debt, fiscal challenges facing low-income countries worry IMF

Andrea Shalal, David Lawder |Updated 3 hours ago |2 min read

By Andrea Shalal and David Lawder WASHINGTON (Reuters) - Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt ...