Business

PAY CUT In a file picture taken on Feb. 6, 2009, a man walks past the company logo of Temasek Holdings in Singapore. Singapore state investment fund Temasek said on Monday, May 29, 2023, it had slashed compensation for the team and senior management responsible for its investment in collapsed …

Canadian fans and broadcast rights holders would prefer to see some big names in the Stanley Cup final. But a matchup of two emerging-market teams can grow the game — and eventually the salary cap.  How growing the game of hockey can boost the salary cap and help your favourite …

The federal government is looking to update Canada’s competition laws — possibly their most significant review in decades.  Current laws ‘lagging behind our international peers,’ head of Competition Bureau says. Whether checking in at the airport or checking out at the grocery store, it seems everywhere you turn these days, …

EMBRACING CRYPTO This photo taken on Saturday, May 27, 2023, shows customers in a cryptocurrency exchange office in Hong Kong. Retail investors in Hong Kong may soon be able to buy popular cryptocurrencies like bitcoin at government-licensed exchanges, thanks to new rules meant to bolster the city’s standing as a …

DOWNWARD TREND People enjoy sunshine in Kaivopuisto of Helsinki, Finland, on March 16, 2022. Housing prices in Finland are expected to have the biggest drop this year since 1993, a Finnish credit institution specializing in this sector said on Friday, May 26, 2023. XINHUA PHOTO HELSINKI: Housing prices in Finland …

Neuralink says it’s gotten permission from U.S. regulators to begin testing its brain implant device in people. The company made the announcement on Twitter Thursday evening but has provided no details about a potential study, which was not listed on the U.S. government database of clinical trials.  Brain implant company …

Rising security costs and heightened safety concerns have some Pride organizers worried that Canadian events will have to scale back this year.  ‘We want to make sure that people feel safe to be their authentic self,’ organizer says. Rising security costs and heightened safety concerns have some Pride organizers worried …

ALARMING Commerce Secretary Gina Raimondo speaks during a Senate Appropriations hearing on Capitol Hill in Washington, D.C. on May 16, 2023. Raimondo and her Chinese counterpart, Wang Wentao, expressed concern on Thursday, May 25, 2023, about policies of each other’s governments following Chinese raids on consulting firms and US curbs …

Canada’s competition watchdog says the federal government should consider loosening the restrictive rules on how cannabis has to be packaged and raise the amount of psychoactive ingredients that are allowed in edible products to help the industry thrive and stamp out the black market while maintaining public safety.  Competition watchdog …

Microchip maker Nvidia Corp. was poised to join an exclusive list of companies worth more than $1 trillion on Thursday as the company said that feverish demand for AI technology was causing booming demand for its products.  Stock gain makes chip maker the 5th-most valuable company in the U.S. Microchip …