TC Energy Corp. has signed a deal to sell an 85 per cent stake in its Northern Courier Pipeline to Alberta Investment Management Corp. for roughly $1.15 billion. The company formerly known as TransCanada says the 90 kilometre pipeline transports bitumen and diluent between the Fort Hills mine site in northern Alberta and Suncor Energy’s […]

PARIS/HAMBURG (Reuters) – Airbus is mobilizing staff from outside Germany to assist with a tricky production ramp-up of A321 passenger jets at its plant in Hamburg, industry sources said. The planemaker has faced a string of industrial problems at the plant, which is responsible for the in-demand A321 model – the largest member of the […]

The incoming head of the Central Bank of Ireland has been forced to call in the police after the New Zealand budget he was overseeing preparation of was leaked. New Zealand’s Treasury Secretary Gabriel Makhlouf was last month selected by Finance Minister Paschal Donohoe to succeed Philip Lane as Governor of the Central Bank of […]

Travelodge is planning to open 17 new hotels this year, creating more than 350 jobs. Around £115 million will be invested in the expansion programme. Peter Gowers, Travelodge's chief executive, said: "Despite the uncertainty facing the UK, the long-term prospects for low-cost hotels remain strong. "The next phase of our expansion plan will see us […]

Gambling group Paddy Power Betfair has officially changed its name to Flutter Entertainment. The name change, flagged earlier this year by the company, was approved by shareholders at its recent annual general meeting in Dublin. While its shares will now trade under the Flutter Entertainment name, it is not replacing the Paddy Power or Betfair […]

LONDON (Reuters) – Fallout from Brexit has helped New York overtake London to become the world’s pre-eminent financial center, a survey of financial executives by Duff & Phelps showed on Tuesday. The consultants said their annual Global Regulatory Outlook survey contacted 180 executives in asset management, private equity, hedge funds, banking and brokerage. They were […]

Last September, a group of academics and activists gathered at Princeton University to discuss the limits of artificial intelligence in public policy. The longest debate concerned some of the most sensitive decisions in the justice system, like whether to release a person on bail or parole. Many in attendance were queasy about using algorithms to […]

McKinsey & Company has spent months fighting in court over how it should disclose potential conflicts of interest when it advises bankrupt companies. The powerful consulting firm has defended itself by arguing that federal disclosure rules are so vague and confusing that almost no one can agree on how to comply. But for years McKinsey […]

MILAN (Reuters) – When John Elkann lost his ally last year with the sudden death of Sergio Marchionne, some questioned whether the softly-spoken scion of the Agnelli clan would be able to emerge from his shadow to ensure Fiat Chrysler’s future. But New York-born Elkann, who became Fiat chairman in 2010, acted decisively to fill […]

LONDON — For years Dover College, on the southeast coast of England, has attracted a steady flow of summer students from across the channel, with parents willing to pay for their children to learn English in a boarding school environment. Brexit, it seems, has changed that. Enrollment has wilted, and the headmaster, Gareth Doodes, has […]