FRENCHregulators on Tuesday ordered Apple to halt sales of the iPhone 12 for emitting too much electromagnetic radiation, and to fix existing handsets. The French agency that regulates radio frequencies, the ANFR, said testing found that the model emits more electromagnetic waves susceptible to be absorbed by the body than …
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Smuckers gobbles up Twinkie owner Hostess in $5.6B snack food takeover
Food conglomerate J.M. Smucker said on Monday it will buy Twinkies-maker Hostess Brands in a $5.6 billion deal, as major U.S. packaged food companies look to expand their brand portfolios with pandemic-era fortunes dwindling. Merger will combine two companies that have boosted revenue with higher prices even as sales slump. …
Read More »All TTC subway riders getting cellphone service starting Oct. 3, federal minister says
All riders on Toronto’s subway system will have cellphone service starting Oct. 3, Federal Minister of Innovation, Science and Industry François-Philippe Champagne announced on Monday. Telecom companies have clashed for months over TTC network access, commercial terms. All TTC subway riders will get cellphone service, minister says Licences of all …
Read More »Alibaba announces departure of ex-CEO
BEIJING: Chinese e-commerce giant Alibaba has announced the surprise departure of former CEO Daniel Zhang, who had been set on Monday to take charge of a key subsidiary as the firm undergoes a major restructuring. Hangzhou-based Alibaba is one of China’s most prominent technology firms, with business operations spanning cloud …
Read More »Bank regulation needed even more
PARIS: From the collapse of Lehman Brothers in 2008 to this year’s fire sale of Credit Suisse, the landscape of the banking sector has changed profoundly following a wave of consolidation and tighter regulation. Tougher regulation After Lehman Brothers crumbled, regulators in the United States and Europe tightened the regulatory …
Read More »FDI net inflows down 20% in H1
At a Glance Philippines’ net foreign direct investments (FDI) dipped 20.4% to $3.911 billion for the first six months versus $4.913 billion same time in 2022. The Bangko Sentral ng Pilipinas (BSP) on Monday, Sept. 11, says the “slowdown in FDI may be due largely to investor concerns over weak …
Read More »Google’s landmark antitrust trial begins
WASHINGTON: Google faces its biggest ever legal challenge in a Washington court on Tuesday as it fends off accusations from the US government that it acted unlawfully to build its overwhelming dominance of online search. Over 10 weeks of testimony involving more than 100 witnesses, Google will try to persuade …
Read More »Italy’s PM Meloni targets tight 2024 budget
MILAN: Italian Prime Minister Giorgia Meloni is tightening the budgetary screws to show that Rome can balance its books, even if it means delaying electoral promises. By the government’s own admission, the room for maneuvring is extremely limited due to lower tax receipts from a slowing economy that risks deficit …
Read More »Small B.C. businesses get creative trying to survive inflation
Rising costs fuelled by inflation are pushing many small businesses in B.C. to find creative ways to adapt or pivot in the hope they can weather the storm. Many small retailers say it’s taking everything they have just to survive Rising costs fuelled by inflation are pushing many small businesses …
Read More »There’s now a Bank of Canada number for carbon tax’s impact on inflation. It’s small
Conservatives argue the Liberal government’s climate measure drives up the cost on everything. The inflation-watching head of the central bank offered some perspective on this. Making everything more expensive? Only by a fraction of a percentage point. There’s some, and one could stress some, point to the Conservative Party’s steady …
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