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 …
Read More »Business
Union takes step to represent Amazon warehouse workers in Laval, Que.
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. …
Read More »Honda expected to announce multi-billion dollar deal to assemble EVs in Ontario: sources
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 …
Read More »Elon Musk’s X, Australia government clash over order to take down church stabbing video
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 …
Read More »Federal labour minister announces inquiry into B.C. port strike
Seamus O’Regan says workers and businesses need “long-term solutions” and the inquiry commission will present its findings next spring. Seamus O’Regan says workers and businesses need ‘long-term solutions’ to disputes. Federal Labour Minister Seamus O’Regan says he has appointed an Industrial Inquiry Commission to dig deeper into the underlying causes …
Read More »Pharma giants to meet in court
LONDON: A row between pharmaceutical firms Moderna and Pfizer/BioNTech comes to court in London on Tuesday over patents for Covid vaccine technology that helped save millions of lives during the pandemic. At issue is US firm Moderna’s claim that its American competitor Pfizer and its German partner BioNTech breached patent …
Read More »Business talks
Private Sector Advisory Council (PSAC) lead convenor and Aboitiz Group president and chief engagement officer Sabin Aboitiz (right) and Ayala Group chairman Jaime Augusto Zobel de Ayala (second from left) engage in a deep discussion with New Zealand delegates, exploring potential business opportunities and fostering stronger economic ties at the …
Read More »World Bank wants tax system fully digitalized
On the sidelines of the World Bank-International Monetary Fund Spring Meetings in Washington, Finance Secretary Ralph Recto met with officials of the World Bank led by its president, Ajay Banga, to discuss key areas for development. (STAR / File) MANILA, Philippines — Washington-based World Bank has committed to aid the …
Read More »Ferrari opens new official dealership in Greenhills
Velocita Motors inaugurates permanent home Ferrari has opened its new permanent home in a state-of-the-art facility in Connecticut Street, in San Juan City. Operated by Ferrari’s official importer and distributor in the Philippines, Velocita Motors, Inc., the showroom is envisioned as a dynamic community hub where Ferrari owners can celebrate …
Read More »Investment pledges jump 15% to P607 B — BOI
Investment pledges registered with the Board of Investments (BOI), the government’s premier investment promotion and generating agency, from January to date (April 17) reached P607 billion, a 15 percent jump from the January to April 2023 performance. In January to April 2023, the BOI logged P527.24 billion worth of investment …
Read More »