Business

Total milk and milk products imported slipped by three percent to 575,460 metric tons in 2023 from 595,640 MT in 2022. (STAR / File)  MANILA, Philippines — Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at …

The Canadian economy grew 0.6 per cent in January, the fastest growth rate in a year, while the economy likely expanded 0.4 per cent in February, Statistics Canada said Thursday. Rate was higher than forecasted by economists, who expecting 0.4 per cent growth. The Canadian economy grew 0.6 per cent …

Former crypto mogul Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in the 2022 collapse of FTX, which once was one of the world’s most popular platforms for trading digital currency.  ‘My useful life is probably over,’ Bankman-Fried said in remarks to court. Former crypto …

Four major school boards in Ontario are taking several social media giants to court, alleging their products Facebook, Instagram, Snapchat and TikTok are harming students and disrupting the education system.  Boards call for companies to ‘remediate’ costs and ‘redesign’ TikTok, Facebook, Instagram and Snapchat. Four major Ontario school boards are …

A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit subsidies.  Advocacy group says findings show government is ‘failing litmus test’ when it comes to helping transition. A new report says the federal …

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 …