Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, testified in his fraud trial on Thursday without the jury present so the judge overseeing the case can first decide what portions of his testimony are admissible. Judge excuses jury while he hears Bankman-Fried's evidence, decides on admissibility Sam Bankman-Fried, founder …
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Retail spaces vacancy seen rising 17% next year
Due to more mall spaces in 2024 As more retail spaces are built in the third quarter of the year, experts from real estate and investment management firm Colliers have forecasted vacancy rate to further rise to 17 percent next year from 14.l4 percent in the first quarter this year …
Read More »Autoworkers reach a deal with Ford, a breakthrough toward ending strikes against Detroit automakers
The United Auto Workers union said Wednesday it has reached a tentative contract agreement with Ford that could be a breakthrough toward ending the nearly six-week-old strikes against Detroit automakers. The four-year deal still has to be approved by 57,000 union members. The United Auto Workers union said Wednesday it …
Read More »Multi-specialty hospital in Clark secures P1-B funding
MASTERPLAN. The Clark Multi-Specialty Medical Center will soon to rise in Clark Freeport Zone. The hospital will house specialty centers for heart, kidney, cancer, and children. (Screengrab from PCCI Facebook livestream) MANILA – Clark Development Corporation (CDC) president and chief executive officer Agnes Devanadera said Thursday the multi-specialty medical center in Clark Freeport Zone …
Read More »First window, then middle, then aisle? United Airlines launches new boarding system
United Airlines will start boarding passengers in economy class with window seats first starting next week, a move designed to reduce the time planes spend sitting on the ground. The airline said in an internal memo that it will implement the plan on Oct. 26. Known as WILMA, airline says …
Read More »Air Canada apologizes after British MP questioned ‘because his name is Mohammad’
Air Canada says it has apologized to a British MP who was singled out for additional security screening while travelling to and from Canada with a parliamentary committee last week. Labour MP Mohammad Yasin was questioned on both legs of his trip by Air Canada and Canadian immigration officials, and …
Read More »Canada’s major food companies say they care about animal welfare. Here’s how they actually perform
All of A&W’s pork now comes from pigs that aren’t confined to crates, while Tim Hortons has pushed back its deadline for serving cage-free eggs, according to a new report scoring Canadian food companies on their commitments to animal welfare. Annual Mercy for Animals report spotlights cage-free eggs, crate-free pork. …
Read More »What to know about the St. Lawrence Seaway strike
The St. Lawrence Seaway has shut down after hundreds of workers walked off the job Sunday. Here are answers to a few key questions about what’s going on. Union says it’s fighting for better pay to keep up with rising cost of living. The St. Lawrence Seaway has shut down …
Read More »Grocery prices in Canada: Why chicken is so much more expensive here than in the U.S.
“Converted to Canadian, that’s about $4.50,” he says. “I told y’all they’re fleecing us…might as well grow our own chickens now.” Nicholas Li, an assistant professor of economics at Toronto Metropolitan University, notes that comparing the price of chicken bought here and the U.S. is a complicated issue. That’s because …
Read More »Oil giant Chevron agrees to buy rival Hess for $53B
Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. Second major deal in U.S. oil industry this month. Chevron is buying Hess Corp. for $53 billion and it’s …
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