Business

Canada’s poverty rate rose to 9.9 per cent in 2022, approaching pre-pandemic levels as government financial benefits introduced during the COVID-19 crisis ended, according to a Statistics Canada report released Friday. Food insecurity numbers are 'sickening' but not surprising, says researcher Nearly nine million Canadians lived in food insecure households …

The owners of Ted Baker's Canadian operations have filed for creditor protection in a bid to help the retailer get enough "breathing room" to decide whether to liquidate and wind down the business or pursue other unspecified alternatives. Clothing brand facing has been 'unsuccessful' in reducing costs, say lawyers in …

TikTok is gearing up for a legal fight against a new U.S. law that would force the social media platform to break ties with ByteDance, its China-based parent company. TikTok has 170 million American users TikTok is gearing up for a legal fight against a U.S. law that would force …

The RCMP says a former SNC-Lavalin executive has been sentenced to three-and-a-half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal.  Normand Morin has been sentenced to 3-and-a-half years in prison. The RCMP says a former SNC-Lavalin executive has been sentenced to three-and-a-half …

A new study has found that more than half of global branded plastic pollution can be traced back to just 56 companies, led by The Coca-Cola Company and PepsiCo.  New study documents companies behind plastic waste across 5-year period. Just 56 companies fuelling bulk of plastic waste pollution, study suggests …

Department of Transportation Secretary Jaime Bautista (center) meets with Asian Development Bank (ADB) officials for the fourth coordination meeting on April 24, 2024 to discuss updates on the ADB-funded transport projects, and fast-track their completion.   ***** Credit belongs to: www.manilastandard.net

Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles.  Company signals it will start making smaller, cheaper models, earlier than forecast. Tesla’s first-quarter net income plummeted 55 per …

A Quebec-based union is trying to represent hundreds of Amazon.com Inc. workers at a warehouse in Laval, Que., a first of its kind in Canada if they succeed.  CSN filed application with Administrative Labour Tribunal to represent 200 workers. A Quebec-based union is trying to represent hundreds of Amazon.com Inc. …

Honda is expected to announce a multi-billion dollar deal to build electric vehicles and their parts in Ontario, government sources confirmed to CBC News.  Premier Ford calls it the ‘largest deal in Canadian history.’ Concluding what Ontario Premier Doug Ford is calling the “largest deal in Canadian history,” Honda is …

Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X to take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control “the entire internet.”  Musk asks: ‘Does the PM think he should …