Business

Optimism among mid-market business leaders in the Philippines climbed to 71 percent in the first half of 2023, as inflation began to ease, according to Grant Thornton’s International Business Report (IBR), which tracks sentiment among global mid-market business leaders. The report showed that the rise in optimism was driven by …

Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake.  Central banker says despite pain of rate hikes, the payoff will be worth it. Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would …

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion US settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday.  Changpeng Zhao will pay $50M US personal penalty. Binance chief Changpeng Zhao stepped …

OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the centre of the artificial intelligence boom.  Company agrees in principle to partly reconstitute board of directors that dismissed him. OpenAI …

Despite the rise of self-checkout, some big-box stores that previously embraced it have recently ditched their machines and returned to an all-cashier format. Some of those stores say theft and customer preference were factors. Some Canadian Tires, Walmarts and a U.K. grocery chain have bid goodbye to machines. After Dwayne …

Man of the Year. Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. wins ‘Man of the Year’ during the Asia Leaders Awards 2023 on Nov. 20, 2023. The award is in recognition of Lumagui’s efforts in leading the BIR to greater heights as he steers the agency as its youngest …

Grocery chain Sobeys is rolling out its annual price freeze on thousands of food items over the holiday season, and expanding it more than usual in the face of heightened consumer concern about inflation.  Move comes after federal government claimed price stabilization is coming. Grocery chain Sobeys is rolling out …

Hundreds of employees at ChatGPT maker OpenAI say they may quit the company and join former CEO Sam Altman at Microsoft unless the board of the company resigns. Sam Altman was pushed out as OpenAI CEO on Friday after the board lost confidence in him. An unprecedented weekend of chaos …

Whether or not your parents own a home makes you twice as likely to own one yourself, according to a new data analysis by Statistics Canada published Monday. Among those who own multiple properties, the ownership rate triples. Whether or not your parents own a home makes you twice as …

Shramana Sarkar spends a good chunk of time serving coffee, and far less time than she’d like on her master’s degree. But precarious workers like Sarkar have little choice but to juggle intense schedules so they can afford the basics. In Part 3 of The Grind, Shramana Sarkar is caught …