Business

The union representing Ford Motor Co. of Canada workers, who are voting on a new collective agreement, says the three-year tentative contract includes a 10 per cent wage hike immediately, followed by increases of two per cent and three per cent in the remaining years.  Unionized workers voting on tentative …

CANBERRA, Australia: Australia’s government reported on Friday that it had a budget surplus of AU$22.1 billion ($14.2 billion) in the last fiscal year, the first time the nation’s books have been balanced in 15 years. The government cited low unemployment and high prices for the country’s commodities, including iron ore, …

If the more bullish forecasts prove accurate, a return to triple-digit oil prices could be just around the corner, as Canadian consumers struggle to keep pace with sharply higher prices for many essentials, including food. Motorists could be paying even more to drive, on top of high costs for essentials …

The Department of Trade and Industry (DTI) is finding the right balance between the consumers and the manufacturers, considering both their concerns about rising prices of basic necessities and prime commodities (BNPCs) and the high cost of producing basic commodities. DTI Secretary Alfredo E. Pascual made this assurance after a …

Improves in Q4 At a Glance The central bank’s quarterly Business Expectations Survey (BES) notes that businesses are not too confident in the third quarter due to higher costs of operations, weak demand, inflation and peso depreciation. However, these same surveyed companies have a more bullish outlook in the fourth …

At a Glance A Bangko Sentral ng Pilipinas (BSP) consumer survey says sentiments are less negative in the third quarter and even improved in the fourth quarter 2023 and in the next 12 months. BSP Senior Director Redentor Paolo M. Alegre Jr., in a press briefing on Friday, Sept. 22, …

Rupert Murdoch has stepped down as the chairman of Fox Corp. and News Corp., ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States.  Son Lachlan Murdoch, the co-chair and CEO of Fox, will take over as chair of News …

Cisco Systems has agreed buy cybersecurity firm Splunk for about $28 billion US in its biggest-ever deal to beef up its software business and capitalize on the rising use of artificial intelligence, the companies said on Thursday.  Takeover would be Cisco’s most expensive ever. Cisco Systems has agreed buy cybersecurity …

TOKYO: A 2-trillion-yen ($14-billion) tender offer for troubled electronics and energy giant Toshiba by a Japanese consortium has been completed, clearing the way for it to be delisted, the company said on Thursday. In the tender offer, announced last month and ended on Wednesday, the number of shares purchased exceeded …

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 …