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Indigo CEO Peter Ruis resigns

The up-and-down year at Canadian book retailer Indigo took a new twist on Thursday as newly minted CEO Peter Ruis abruptly resigned.  Latest twist in tumultuous year for book retailer. The up-and-down year at Canadian book retailer Indigo took a new twist on Thursday as CEO Peter Ruis abruptly resigned. …

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WeWork to renegotiate nearly all of its leases

NEW YORK CITY: WeWork said on Wednesday it will attempt to renegotiate nearly all of its leases and may exit some properties, an announcement coming just weeks after the workspace-sharing company sounded the alarm over its ability to remain in business. The New York-based company must reduce its operating costs …

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Saudi, Russia extend oil cuts until December

RIYADH: Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, sending the price of Brent crude to a 10-month high. The Saudi production cut of 1 million barrels per day (bpd) which first took effect in July will continue “for …

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WestJet experiencing ‘network-wide’ delays due to IT outages

WestJet experienced “network-wide” delays with its flights on Wednesday, as the carrier says outages with one of its outside technology partners and the Canada Border Services Agency caused cascading problems.  Unspecified technical issue leading to delays and problems checking in. WestJet experienced “network-wide” delays with its flights on Wednesday, as …

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X’s Elon Musk is looking to sue ADL

NEW YORK CITY: Elon Musk, the owner of social media platform X, formerly Twitter, said he is considering suing a leading anti-defamation group, arguing that its accusations of anti-Semitism have led the company to lose revenue. Musk late Monday accused the US-based Jewish organization of making unfounded complaints against him …

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Japan seafood exporters get emergency relief

TOKYO: Japanese Prime Minister Fumio Kishida announced on Monday a 20.7-billion yen ($141-million) emergency fund to help exporters hit by China’s ban on Japanese seafood over the release of treated radioactive wastewater from the damaged Fukushima nuclear power plant. The discharge of the wastewater into the ocean began on August …

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