Business

SAN FRANCISCO, California: The company formerly known as Twitter removed a towering, blinking X from atop its San Francisco headquarters on Monday after the rebranded tech firm tangled with city officials over the controversial sign. The X, installed on the roof of the company’s downtown office last week, was part …

Front-line grocery store workers at Metro, who are into their third day of a work stoppage, vowed on Monday to stay off the job until they get a fair deal from the company. 27 stores closed for duration of strike but pharmacies remain open, Metro Ontario says. Front-line grocery store …

Velimir Drecun is warning other Meridian Credit Union customers to check their Equifax credit score after learning an internal problem at the credit reporting company led to duplicated debt and a erroneous “poor” credit rating on his report.  Company says an error is affecting some Meridian Credit Union customers. Velimir …

NEW YORK: Wall Street’s rally got back on track on Friday following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy. The S&P 500 rose 1 percent to its highest close in more than 15 months. The Dow Jones Industrial Average climbed …

MONTREAL: Dock workers on Canada’s west coast have rejected the latest salary offer from an employers group, after earlier launching a 13-day strike with major economic consequences for the country. The International Longshore and Warehouse Union (ILWU) of Canada — whose leaders had backed the tentative agreement — called on …

LONDON: Prime Minister Rishi Sunak has backed plans to permit new fossil fuel exploration off Britain’s coast, as he pledged to be “pragmatic and proportionate” about achieving net zero in an interview published on Saturday. The stance is set to intensify criticism from environmental campaigners, who accuse the British leader …

CAIRO: Sweltering without air-conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and ridicule to government measures for reducing energy consumption. Hours-long power cuts across Egypt, several times a day, prompted the directives as record temperatures hit the Mediterranean region this month. UNPOPULAR …

Residents across the Greater Toronto Area hoping to pick up groceries at Metro Inc. were greeted by closed doors and picket lines on Saturday as thousands of employees formally went on strike.  Agreement put forward ‘fair’ and ‘equitable,’ Metro says, but local union says it isn’t enough. Residents across the …

Global fast-fashion giant Shein is launching an online marketplace similar to Amazon. But with a controversial track record on labour rights and a massive environmental output, experts are asking: at what cost?  Fast-fashion giant launching global online marketplace, selling from 3rd-party vendors. Shein’s rapid growth raises environmental concerns The fast-fashion …

At a Glance Based on the Bureau of the Treasury report, the Marcos administration’s fiscal deficit from January to June this year was P551.7 billion, significantly lower by 28 percent than the set ceiling of P771.5 billion. The lower deficit was mainly attributed to reduced government expenditures of P2.412 trillion. …