Avolta’s revamped retail and F&B offer at Barcelona Airport in Spain. Avolta Latin America was the standout region for Avolta for all the wrong reasons, following the travel retailer’s reveal of its 2024 annual results on Wednesday. Like-for-like* sales in Latin America (including the Caribbean) were down by 4.7% in sharp contrast to its three
CAIRO (AP) — African soccer leader Patrice Motsepe was re-elected Wednesday and urged working with private financiers to help federations build national stadiums in countries where government budgets are tight. The 54 member federations of the Confederation of African Football — 12 of whom currently cannot host national-team games in international competitions — elected Motsepe
Open this photo in gallery: Since its founding in 2018, Montreal-based Nesto has grown rapidly. Its most recent spurt occurred in June with the acquisition of CMLS Financial Ltd., the country’s third-largest mortgage finance company.Nathan Denette/The Canadian Press Fresh from gobbling up a much larger residential and commercial mortgage player, online lender Nesto Inc. has
A leading nuclear science and technology group in Canada, along with the investment arm of one of the country’s top banks, said they together would invest about CA$20 million ($14.6 million) to support development of commercial fusion energy. Canadian Nuclear Laboratories and BDC Capital, part of the Business Development Bank of Canada, on August 8
The British Columbia Securities Commission (BCSC) has determined that the cryptocurrency trading platform ezBtc and its founder, David Smillie, defrauded investors of approximately $9.5 million, equivalent to 13 million Canadian dollars, in crypto assets. The BCSC’s investigation uncovered that ezBtc and Smillie engaged in misleading and deceptive practices, misappropriating funds intended for customer accounts. Crypto
A securities regulator in Canada has charged the head of a crypto exchange with gambling users’ crypto. According to a new official decision from the British Columbia Securities Commission (BCSC), crypto exchange ezBtc founder David Smillie used CAD $13 million ($9.48 million) in customer funds for online gambling. “The respondents perpetrated a fraudulent scheme relating
Open this photo in gallery: Rachel Reeves, Chancellor of the Exchequer for Britain, speaks during an interview at the British Consulate in Toronto on Aug 7.Fred Lum/The Globe and Mail Britain’s Labour Party romped to victory last month over the incumbent Conservatives with a focus on economic growth and a promise of fiscal restraint aimed
Open this photo in gallery: Author Gail Vaz-Oxlade in Toronto on Jan. 6, 2010.JENNIFER ROBERTS/The Globe and Mail Finance guru and Til Debt Do Us Part host Gail Vaz-Oxlade didn’t always know about money … because she didn’t have any. In 1977, the new immigrant faced big changes and challenges. In Canada, if she wanted
Open this photo in gallery: Rising rates also make houses less affordable. Andrew Auerbach and Jean Blacklock are contributing columnists for The Globe and Mail. They are co-founders of Delisle Advisory Group, an independent wealth management firm serving high-net-worth families. In 2020, in the face of soaring house prices and increasing household debt, Canada’s largest
TORONTO, July 10, 2024–(BUSINESS WIRE)–CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation“) today announced the final results of its substantial issuer bid (the “Offer“) under which it has purchased for cancellation 5,000,000 of its common shares (the “Shares“) at the purchase price of $15.50 per Share, for an aggregate purchase price of approximately