Adidas CEO Bjorn Gulden said he doubts that Ye, the artist formerly known as Kanye West, “meant what he said” when he made a series of antisemitic and other offensive remarks last year. Company has faced lawsuits, and is sitting on $1.3B worth of Kanye-branded kicks. Adidas CEO Bjorn Gulden …
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Amazon to move to default ad-tier model for Prime Video
Amazon Prime Video users will see ads on shows and movies from early next year unless they subscribe to an ad-free tier that would cost more, the tech giant said on Friday. Move will take effect in 2024, Canadians can opt out of ads for a yet-to-be determined monthly fee …
Read More »Manufacturers say American autoworker strike could idle Canadian supplier plants
The ongoing strike by autoworkers at automotive plants in the United States will idle manufacturing plants in Canada in a matter of days, according to industry experts. UAW has threatened to expand strike action if no 'serious progress' in negotiations The ongoing strike by autoworkers at automotive plants in the …
Read More »These authors say Open AI stole their books to train ChatGPT. Now they’re suing
The Authors Guild, a U.S. trade group for writers, filed the proposed class-action on Tuesday on behalf of 17 plaintiffs, including big literary names John Grisham, Jodi Picoult, Roxane Gay, Suzanne Collins, Doug Preston George R.R. Martin and Jonathan Franzen. The Authors Guild's proposed class action says writers should be …
Read More »BioSteel creditors list shows pro teams, leagues and athletes owed millions
The list of creditors to insolvent sports drink company BioSteel is a high-profile lineup of companies small and large. It shows prominent pro sports franchises, leagues and superstars are collectively owed millions of dollars. Canadian sports drink company has a myriad of ties with professional sports stars, teams and leagues. …
Read More »U.S. Fed holds benchmark interest rate steady — but hints another one is coming
The U.S. Federal Reserve held interest rates steady on Wednesday but suggested it expects one more small rate hike before the end of the year — and a very low chance of significant cuts any time before 2025. Investors expect rate cuts, but more than half of Fed members say …
Read More »How Canadian ammonia could help keep the lights on in Japan
Japan plans to import millions of tons of ammonia in the next few years as part of a push to decarbonize that country’s power generation — an initiative that could present a big opportunity for Alberta’s energy sector. Country plans to ramp up ammonia imports to decarbonize coal plants. Japan …
Read More »Japan records trade deficit in August
TOKYO: Japan’s exports fell 0.8 percent last month from a year earlier, with steep declines in shipments to China and the rest of Asia, its largest regional market. Imports sank nearly 18 percent, the Japanese Finance Ministry said in preliminary data released Wednesday. That left a trade deficit of 930.5 …
Read More »Canada’s inflation rate increases to 4%
Canada’s inflation rate jumped higher last month, to an annual pace of four per cent, mostly because of an increase in gasoline prices. Grocery prices increased at 6.9 per cent annual pace. Canada’s inflation rate jumped higher last month, to an annual pace of four per cent, mostly because of …
Read More »It’s ‘premature’ – Yellen
WASHINGTON, D.C.: US Treasury Secretary Janet Yellen said on Monday it is too early to gauge the economic impact from an ongoing, historic strike at three top car manufacturers. “It’s premature to be making forecasts about what it means for the economy,” she said in an interview on CNBC, adding …
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