The United Auto Workers union ratified new contracts with Ford and Stellantis that, along with a similar deal with General Motors, will raise pay across the industry, force automakers to absorb higher costs and help reshape the auto business as it shifts away from gasoline-fuelled vehicles. UAW members at GM …
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DOF supports inclusive, sustainable business in PH
At a Glance The Department of Finance (DOF) has pledged its support to the private sector in transforming the Philippine business landscape to be inclusive and sustainable. Finance Secretary Benjamin E. Diokno participated in the ABAC meeting to advance the Philippines’ business interests alongside the private sector. The ABAC serves …
Read More »Biosteel has found a new owner and it’s Windsor entrepreneur Dan Crosby
Cannabis company Canopy Growth says it has found a buyer for its Biosteel sports drink business and received a court’s approval to go ahead with the sale of the company. Ontario entrepreneur buys operating business, but U.S. manufacturing facilities not included. Cannabis company Canopy Growth says it has found a …
Read More »Quebec’s stock market regulator can go after Canada’s Panama Papers kingpin, Supreme Court rules
A 7-1 majority of the Supreme Court of Canada has ruled that Quebec’s Autorité des marchés financiers can proceed with trying to have Fred Sharp, Canada’s kingpin in the Panama Papers, banned for five years from the province’s stock market. Province’s AMF sought 5-year ban and $2M fine on Fred …
Read More »Video gaming most targeted industry for fraud in PH – study
Video gaming is the most targeted industry for fraudulent digital transactions in the Philippines, while more than one in 20 global digital transactions in the first half of this year were suspected fraudulent, according to an analysis conducted by TransUnion’s global intelligence network. A new analysis by TransUnion (NYSE: TRU), …
Read More »Starbucks workers across U.S. walk off the job Thursday to protest work conditions
Workers at hundreds of Starbucks stores began walking off the job during a key promotional event on Thursday, demanding improved staffing and schedules, the Workers United said on social media platform X. Canadian locations are not expected to be affected. Workers at hundreds of Starbucks stores began walking off the …
Read More »Workers at 17 No Frills stores in Ontario could strike as of Monday, union says
The union that represents thousands of grocery store workers in Ontario says 17 No Frills stores across the province could be on strike as early as Monday unless the company steps up with improved compensation and working conditions. Moves comes after workers at 27 GTA Metro stores won industry-leading contract …
Read More »World Bank lends $500 million to help Philippines handle disasters
The World Bank’s board of executive directors approved a $500-million credit line to help the Philippines better handle disasters and climate threats, with a focus on protecting schools, health facilities and human settlements. It said in a statement Friday the Philippines Disaster Risk Management and Climate Development Policy Loan with …
Read More »U.S. union workers at General Motors appear to have voted down tentative contract deal
The union hasn’t posted final vote totals yet, but workers at five large factories who finished voting in the past few days have turned down the four year and eight month deal by fairly large margins. However, UAW president says the deal remains on track for approval. A tentative contract …
Read More »Housing market has gone into ‘hibernation’ CREA says, with lower sales, listings and flat prices
Canada’s housing market has gone into winter hibernation early this year, the group that represents realtors said Wednesday, with new data for October showing fewer sales, fewer new listings, and selling prices mostly flat. Buyer’s market in Ontario and British Columbia, economist says. Canada’s housing market has gone into winter …
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