The Canada Infrastructure Bank has signed a $100-million deal with the First Nations Bank of Canada to help Indigenous communities borrow money to build infrastructure. Canada Infrastructure Bank signs $100M agreement with First Nations Bank of Canada. Today, the Canada Infrastructure Bank (CIB) and the First Nations Bank of Canada …
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Meta says Facebook, Instagram issues resolved after outage hits hundreds of thousands of users
Meta Platforms-owned Facebook and Instagram were down for hundreds of thousands of users across the globe on Tuesday, according to outage tracking website Downdetector.com. Disruptions started at about 10 a.m. ET. Meta Platforms said it resolved issues with Facebook and Instagram on Tuesday afternoon following a global outage that hit …
Read More »Financial watchdog Fintrac hit by cyberattack, says classified systems not involved
Canada’s financial intelligence agency says it has been hit by a cyberattack. Agency takes corporate systems offline to protect data. Canada’s financial intelligence agency says it has been hit by a cyberattack. The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) says it has taken its corporate systems offline …
Read More »Equifax says mortgage-holders in B.C., Ontario, increasingly missed payments during Q4
Consumers in Ontario and B.C. increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. Financially stressed homeowners in those provinces are also increasingly missing credit payments, the agency said, a trend primarily driven by homeowners who are 36 and younger. Rates rising …
Read More »Apple to pay up to $14.4M in iPhone throttling settlement approved by B.C. judge
A B.C. Supreme Court judge has approved a proposed maximum $14.4 million settlement from Apple to eligible members of a class-action lawsuit that accused the company of deliberately providing software updates that slowed its iPhone 6 and 7 models. Tech giant accused of throttling iPhones with software updates that slow …
Read More »Apple fined almost $2B by the EU in music streaming antitrust probe
The European Union levelled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion US for breaking the bloc’s competition laws by unfairly favouring its own music streaming service over rivals. Apple to appeal, saying commission didn’t uncover evidence of harm to consumers. The …
Read More »Body Shop Canada to lay off 200 workers after parent company took its cash, court docs show
The Body Shop Canada Ltd. is seeking creditor protection and closing a third of its stores because its parent company stripped the Canadian arm of cash and pushed it into debt, according to court documents. Canadian branch announced Friday it will close 33 of 105 stores, end online shopping. The …
Read More »SPNEC woos more investors to roll out ‘world’s largest solar project’
SP New Energy Corp. (SPNEC) is wooing more investors in Terra Solar Philippines Inc., the corporate vehicle of the “world’s largest solar project.” Terra Solar is a wholly-owned subsidiary of SPNEC that is developing a solar farm in Nueva Ecija and Bulacan with 3,500 megawatts of solar panels and 4,000 …
Read More »Philippines hopes to launch EU free trade negotiations ‘very soon’
A crane stacks shipping containers of Philippine products for export at the international container port in Manila on Sept. 11, 2012. (AFP / Jay Directo) MELBOURNE, Australia — The Philippines hopes to launch formal free trade agreement negotiations with the European Union “very soon”, Foreign Affairs Secretary Enrique Manalo told …
Read More »PSEi flirts with 7,000 level again
Positive news from the US boosted local stocks although the Philippine Stock Exchange Index (PSEi) again failed to hold above the 7,000 level. The main index added 32.08 points or 0.46 percent to close at 6,951.67, boosted by gains of the Services and Property sectors. Volume was firm at 530 …
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