AMERICANS are feeling less confident financially as summer comes to a close and high prices and interest rates weigh on their willingness to spend. There were also signs Tuesday of cooling in what has been a very resilient US jobs market. The Conference Board, a business research group, said its …
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Competition Bureau ordered to pay $13M to Rogers for lengthy court battle
Canada’s merger court asked the Competition Bureau to pay about $13 million to Rogers Communications and Shaw Communications for the lengthy court battle after its failed attempt to block the telecom firms’ $20-billion merger. Competition Tribunal called commissioner’s approach ‘unreasonable’ in Aug. 28 ruling. Canada’s merger court has ordered the …
Read More »Ontario bans use of pro athletes to advertise, market online sports betting
The Alcohol and Gaming Commission of Ontario has banned the use of athletes in the advertising and marketing of internet gaming in Ontario. New regulation comes into effect in February 2024. Ontario announced Tuesday that the province will ban the use of athletes in advertising for online gambling, while also …
Read More »Burger King must defend its Whopper size in court. Other fast food chains may follow
Anthony J. Russo says his firm’s lawsuits against four fast food giants is about a lot more than how much beef is in a burger. Taco Bell, McDonald’s and Wendy’s all face similar suits alleging their ads misled customers. Anthony J. Russo says his firm’s lawsuits against four fast food …
Read More »Suncor’s revised focus on oil production proof of need for emissions cap: Guilbeault
Recent statements by the CEO of a major oilsands company further the case for federal regulations to cap greenhouse-gas emissions in the oil and gas sector, Environment Minister Steven Guilbeault said. Federal minister called comments by oilsands company boss Rich Kruger ‘disappointing.’ Recent statements by the CEO of a major …
Read More »Unifor picks Ford for pattern negotiations in 2023 auto talks
Unifor has chosen Ford as the strike target to set the pattern for bargaining with the other two Detroit Three automakers, the union’s president said during a news conference in Toronto on Tuesday. Pensions, wage improvements, investments, supports for EV transition main priorities. Unifor has chosen the Ford Motor Company …
Read More »Toyota factories in Japan hit by massive glitch
TOYOTA said Tuesday it halted operations at 12 of its 14 factories in Japan due to a system glitch, but that it did not appear to be a cyberattack. The world’s biggest automaker refrained from discussing other details of the incident, which began Tuesday morning. “Twelve vehicle factories, affecting 25 …
Read More »ChatGPT’s business version launched
SAN FRANCISCO, California: OpenAI on Monday said it was launching a business version of ChatGPT as its artificial intelligence (AI) sensation grapples with declining usership nine months after its historic debut. ChatGPT Enterprise will offer business customers a premium version of the bot with “enterprise grade” security and privacy enhancements …
Read More »Amazon is raising free shipping minimums
NEW YORK CITY: Amazon has been quietly raising the amount some customers must spend on its site to get free shipping. To qualify for no-cost deliveries, some Amazon customers who do not have Prime memberships now need to spend $35, up from $25 previously. Amazon spokesman Kristina Pressentin confirmed the …
Read More »Jerome Powell’s Jackson Hole speech highlights central bank’s uphill battle to rein in inflation
Last year, the U.S. Federal Reserve chair’s words crashed the markets. On Friday, they added to lingering uncertainty as the world’s most powerful central banker admitted he really can’t be sure what’s coming next. U.S. Fed chair warns of more possible rate hikes but cites signs of economic cooling. Anyone …
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