Business

The United Auto Workers union ratified new contracts with Ford and Stellantis that, along with a similar deal with General Motors, will raise pay across the industry, force automakers to absorb higher costs and help reshape the auto business as it shifts away from gasoline-fuelled vehicles.  UAW members at GM …

At a Glance The Department of Finance (DOF) has pledged its support to the private sector in transforming the Philippine business landscape to be inclusive and sustainable. Finance Secretary Benjamin E. Diokno participated in the ABAC meeting to advance the Philippines’ business interests alongside the private sector. The ABAC serves …

Cannabis company Canopy Growth says it has found a buyer for its Biosteel sports drink business and received a court’s approval to go ahead with the sale of the company.  Ontario entrepreneur buys operating business, but U.S. manufacturing facilities not included. Cannabis company Canopy Growth says it has found a …

A 7-1 majority of the Supreme Court of Canada has ruled that Quebec’s Autorité des marchés financiers can proceed with trying to have Fred Sharp, Canada’s kingpin in the Panama Papers, banned for five years from the province’s stock market.  Province’s AMF sought 5-year ban and $2M fine on Fred …

Video gaming is the most targeted industry for fraudulent digital transactions in the Philippines, while more than one in 20 global digital transactions in the first half of this year were suspected fraudulent, according to an analysis conducted by TransUnion’s global intelligence network. A new analysis by TransUnion (NYSE: TRU), …

Workers at hundreds of Starbucks stores began walking off the job during a key promotional event on Thursday, demanding improved staffing and schedules, the Workers United said on social media platform X.  Canadian locations are not expected to be affected. Workers at hundreds of Starbucks stores began walking off the …

The union that represents thousands of grocery store workers in Ontario says 17 No Frills stores across the province could be on strike as early as Monday unless the company steps up with improved compensation and working conditions. Moves comes after workers at 27 GTA Metro stores won industry-leading contract …

The World Bank’s board of executive directors approved a $500-million credit line to help the Philippines better handle disasters and climate threats, with a focus on protecting schools, health facilities and human settlements. It said in a statement Friday the Philippines Disaster Risk Management and Climate Development Policy Loan with …

The union hasn’t posted final vote totals yet, but workers at five large factories who finished voting in the past few days have turned down the four year and eight month deal by fairly large margins.  However, UAW president says the deal remains on track for approval. A tentative contract …

Canada’s housing market has gone into winter hibernation early this year, the group that represents realtors said Wednesday, with new data for October showing fewer sales, fewer new listings, and selling prices mostly flat.  Buyer’s market in Ontario and British Columbia, economist says. Canada’s housing market has gone into winter …