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Business News

  • What we know about the Baltimore bridge collapse

    BALTIMORE - A cargo ship rammed into Baltimore’s Francis Scott Key Bridge, causing the span to collapse and presumably killing six construction workers. On Wednesday, a day after the early-morning crash, officials with the National Transportation Safety Board boarded the ship and planned to recover information from its electronics and paperwork while divers searched for the bodies of workers who were still missing.
  • Cargo ship had engine maintenance in port before it collided with Baltimore bridge, officials say

    BALTIMORE (AP) — The cargo ship that lost power and crashed into a bridge in Baltimore underwent “routine engine maintenance” in port beforehand, the U.S. Coast Guard said Wednesday, as divers recovered the bodies of two of six workers who plunged into the water when it collapsed. The others were presumed dead, and officials said search efforts had been exhausted.
  • 'Political hot potato': residents of Hay River, N.W.T. urge dredging in key waterway

    HAY RIVER, N.W.T. - Aaron Campbell and his brother were boating from Yellowknife to Hay River, N.W.T., earlier this fall when they got stuck on a sandbar in the shallow waters of Great Slave Lake near the mouth of the Hay River.
  • Zelenskyy visits port as Ukraine prepares to ship out grain

    ODESA, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy visited a Black Sea port Friday as crews prepared terminals to export grain trapped by Russia’s five-month-old war, work that was inching forward a week after a deal was struck to allow critical food supplies to flow to millions of impoverished people facing hunger worldwide.
  • Evidence suggests ship anchor snagged, dragged oil pipeline

    LONG BEACH, Calif. (AP) — Evidence emerged Tuesday that a ship’s anchor snagged and dragged an underwater pipeline that ruptured and spilled tens of thousands of gallons of crude oil off Southern California, an accident the Coast Guard acknowledged it did not investigate for nearly 10 hours after the first call came in about a possible leak.
  • Shipping losses mount from cargo vessel stuck in Suez Canal

    ISMAILIA, Egypt - Dredgers, tugboats and even a backhoe failed to free a giant cargo ship wedged in Egypt’s Suez Canal on Thursday. More than 150 vessels are now backed up, with hundreds more headed to the vital waterway, and losses to global shipping are mounting.
  • Powell likens Fed's pandemic response to British at Dunkirk

    WASHINGTON - Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barrelled toward a recession to British efforts in World War II to evacuate troops at Dunkirk.
  • Harnessing the Bay of Fundy: New platform has turbines like a boat's outboard motor

    METEGHAN, N.S. - A large floating platform with six underwater turbines was launched Monday near the mouth of the Bay of Fundy, marking the latest high-tech bid to generate electricity by harnessing the bay's powerful tides.
  • Indonesian divers find parts of crashed plane's black box

    JAKARTA, Indonesia - Divers found parts of the cockpit voice recorder on Friday as more personnel joined the search for wreckage and victims from an Indonesian plane that crashed last weekend in the Java Sea with 62 people on board.
  • EXPLAINER: Why Indonesia's plane safety record is a concern

    JAKARTA, Indonesia - Saturday's plane crash in Indonesia, in which a Sriwijaya Air carrying 62 people plunged into the Java Sea shortly after takeoff, has once again turned the microscope on the safety of the country's aviation industry.

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