Apple Inc. has agreed to pay up to $500 million US to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries. The preliminary proposed class-action settlement was disclosed on Friday night and requires approval by U.S. District Judge Edward Davila…

Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. Wall Street was set to post more losses at the opening bell, coming on top of last week’s drop, which was the worst since the global…

Seattle, Portland and Vancouver are three cities with a reputation for wet weather, hipsters and progressive politics. Calgary, on the other hand, is known for none of these things. But economic development can make for strange bedfellows, and plans are percolating in the Stampede City about joining the club known as the Cascadia Innovation Corridor —…

When Iranian-born Canadian citizen Farzad Alavi was denied entry to the U.S. on Jan. 10, he said a border officer told him the reason was his past mandatory military service in Iran — which the officer claimed effectively linked him with terrorists.  “They’re telling me I’m a member of a terrorist organization. It’s very, very difficult for…

A Manitoba company owned by fashion mogul Peter Nygard put up four of its properties, including its Winnipeg and Toronto headquarters, as security to borrow millions last Christmas. In late 2019, Nygard Properties Ltd. arranged a debenture in the amount of $50 million US through a New York-based financial services firm, White Oak Commercial Finance LLC. The debenture —…

The health-care system is wasting millions of dollars by buying cancer medications that are thrown out because of the way they are packaged by drug makers — in one-size-fits-all vials that hold too much for most patients, a study found. “It’s outrageous,” said drug policy researcher Alan Cassels, who is familiar with the study.  “We…