Business

Allies of Gov. Ron DeSantis and Disney reached a settlement agreement Wednesday in a state court fight over how Walt Disney World is developed in the future following the takeover of the theme park resort’s government by the Florida governor.  Settlement ends almost 2 years of litigation after DeSantis took …

The Facebook poke is having a moment, thanks to a new generation discovering what some argue is the social media site’s most annoying feature. But while Generation Z might be enjoying poking their friends, those who were around for the first wave of the poke popularity are less thrilled.  Gen …

SEOUL: Hyundai on Wednesday revealed plans to invest more than $50 billion in South Korea by 2026, with a huge chunk dedicated to boosting the development and production of electric vehicles (EVs). Along with its affiliate Kia, Hyundai is the world’s third-largest automaker by sales, but the South Korean giant …

A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades.  Canada lags on machinery, equipment and intellectual property investments, she said. A senior …

Canada Goose Holdings Inc. says it is laying off 17 per cent of its global corporate workforce.  Unseasonably warm temperatures delayed luxury parka buying season. Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce. CEO Dani Reiss wrote in a LinkedIn …

The Gokongwei Group’s flagship JG Summit Holdings Inc., one of the largest and most diversified Philippine conglomerates, reported that its core net income tripled to P19.6 billion last year from P6.2 billion in 2022. “This robust performance came from the significant turnaround in the company’s airline, along with expanding margins …

Former Toronto mayor John Tory is set to rejoin the board of directors at Rogers Communications Inc.  Tory listed among 14 proposed management nominees for company’s annual meeting. Former Toronto mayor John Tory is set to rejoin the board of directors at Rogers Communications Inc. Tory is listed among the …

Giant Tiger Stores Ltd. says contact information for some of its customers was compromised in an “incident” linked to a third-party vendor it uses.  Company became aware of the incident on March 4. Discount retailer Giant Tiger says contact information for some of its customers was compromised in an “incident” …

Boeing CEO Dave Calhoun will step down from the embattled plane-maker at the end of the year after a series of mishaps at one of the U.S.’s most storied manufacturers.  Management shakeup caps weeks of turmoil after door blowout on 737 Max. Boeing CEO Dave Calhoun will step down from …

World Wide Fund For Nature Philippines (WWF Philippines) held a Switch Off Event with live music performances at the Kartilya ng Katipunan in Manila in honor of Earth Hour.  The event on March 23 featured SB19’s Pablo, the Earth Hour Philippines 2024 music ambassador.  He opened his set with SB19’s …