National Business

When the COVID-19 pandemic swept across the world last year, Airbnb CEO Brian Chesky watched business shrivel up at record speed and his company's phonelines flood with cancellations, eventually leading him to lay off 1,900 workers.

TORONTO — BCE's Bell Canada is well-positioned to compete with longtime rival Rogers Communications Inc. or a new challenge from Elon Musk's Starlink satellite internet service, the CEO of Canada's largest telecom and media said Thursday.

DETROIT — Engineers at General Motors have figured out how to fix a battery problem with the Chevrolet Bolt electric hatchback that caused five of them to catch fire.

KELOWNA, B.C. — Some of Canada's largest medical mask manufacturers have joined forces to lobby government to establish industry standards for personal protective equipment.

FRANKFURT — Germany's Daimler Truck AG and Sweden's Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technolog

The bounce back for McDonald's as restrictions were lifted across the U.S. was so strong in the first quarter that the company surpassed sales during the same period even in 2019, long before the pandemic broadsided the country.

TORONTO — Experts are urging students not to get discouraged even though the COVID-19 pandemic could make finding summer employment challenging for the second year in a row.

MONTREAL — Resolute Forest Products Inc. reported a first-quarter profit of $87 million compared with a loss a year ago as its sales climbed higher, helped by strong lumber prices. However shares in the forestry company fell $2.

SILVER SPRING, Md. — More Americans signed contracts to buy homes in March after two months of declines, pointing to a healthy housing market as summer approaches and the economy continues what is shaping up to be a rapid recovery.

MONCTON, N.B. — Walmart Canada is building a new distribution centre in Atlantic Canada to ship fresh and frozen groceries to the retailer's 43 stores in the region.