Business

As part of the Trump administration’s ongoing campaign to pressure Iran into a deal that would end an ongoing war with the U.S. and Israel, the U.S. placed sanctions on Iran’s largest digital asset exchange and three other exchanges, Tuesday.

Longtime Metro Inc. chief executive Eric La Flèche will step down in September after more than 18 years in the top job and become chair of the retailer’s board of directors. 

Hewlett Packard Enterprise shares surged 28 per cent on Tuesday after a rosy quarter that put it on track to hit long-term financial targets two years ahead of schedule, the latest evidence of strong demand for its AI servers used in data centers.

Mexico on Tuesday announced the capture of a suspect in the kidnapping and murder in January of 10 workers from a Canadian mining company in the violence-plagued state of Sinaloa.

Micron Technology’s march toward a US$1 trillion valuation is nothing if not dramatic: a year ago it was a little over $100 billion.

Marvell Technology’s shares surged more than 25 per cent on Tuesday after Nvidia’s CEO Jensen Huang called the chipmaker the next “trillion-dollar company.”

The U.S. stock market inched to more records Tuesday as winners of the artificial-intelligence boom kept driving higher.

Airbus said Tuesday its A350-1000ULR widebody aircraft capable of flying up to 22 hours non-stop has successfully completed a first test flight.

Microsoft on Tuesday unveiled a new quantum computing chip that it redesigned with the help of AI, saying it now believes it will have commercially useful quantum machines by 2029.

The federal government’s new AI strategy will look to build trust in artificial intelligence, Artificial Intelligence Minister Evan Solomon said Tuesday, just days before he is expected to finally make the plan public.

Cuba on Tuesday defended a military-run conglomerate long the target of U.S. sanctions, saying the group of businesses known as GAESA has contributed to the nation’s economic and social development despite a recently ramped-up U.S. pressure campaign.

SpaceX, Elon Musk’s rocket and satellite company, plans to target a valuation of US$1.75 trillion, including a greenshoe option, in its blockbuster initial public offering, two people familiar with the matter told Reuters on Tuesday.

While Prime Minister Mark Carney acknowledged weaknesses in the Canadian economy, he also defended the federal government’s economic agenda on Tuesday and did not use the word “recession.”

Weak condo sales dragged down real estate activity in the Vancouver area last month, as prices also moved lower compared with a year ago.

Canadians’ average weekly earnings rose 3.5 per cent to $1,333.23 in March compared to the same month last year, according to new Statistics Canada data.