Economy

Eight major Canadian banks join Facebook ad boycott

Eight major Canadian banks join Facebook ad boycott

BMO said it is continuing its "ongoing dialogue with Facebook on changes they can make to their platforms to reduce the spread of hate speech". Facebook lost $60 billion in market value earlier this...

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Rocket carrying four satellites `lost` after being launched from New Zealand

Rocket carrying four satellites `lost` after being launched from New Zealand

Rocket Lab is one of a growing group of launch companies looking to slash the cost of sending shoebox-sized satellites to low Earth orbit, building smaller rockets and reinventing traditional product...

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World’s ‘first’ gold-plated hotel opens in Vietnam

World’s ‘first’ gold-plated hotel opens in Vietnam

However, the special thing about this hotel is that it has a gold coating on everything, even if it is a toilet seat. A layer of gold will be seen everywhere in the hotel. The motive of the hotel owne...

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Services Sector Activity Contracts For Fourth Successive Month In June

Services Sector Activity Contracts For Fourth Successive Month In June

The slower rate of decline was reflective of some stabilisation in activity levels, with around 59% of firms reporting no change in output since May. Of the 14 surveyed subsectors, five sub-sectors ...

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Jeff Bezos is so rich that he just set a new record

Jeff Bezos is so rich that he just set a new record

Initial public offerings, otherwise known as IPOs, and their buoyant equity markets have already bolstered mega-fortunes and all of these happened while tens of millions of individuals have lost their...

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PM's fiancée urges more shops to ban coconut products from monkey labour

PM's fiancée urges more shops to ban coconut products from monkey labour

Cost Plus World Market made the decision to stop selling the Chaokoh brand of coconut milk, and Ahold Delhaize and its family of brands (including Giant Food, Food Lion, Stop & Shop, and Hannafo...

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Unemployment Drops As US Adds 4.8 Million New Jobs In June

Unemployment Drops As US Adds 4.8 Million New Jobs In June

It was unclear Thursday how the latest jobless numbers might affect the ongoing congressional debate on extending a substantial increase in jobless benefits . As the country ambles towards a reopenin...

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Wall Street closes higher after biggest payrolls jump on record

Wall Street closes higher after biggest payrolls jump on record

The Nasdaq Composite was up 109.31 points, or 1.08%, at 10,263.94. "A combination of 1) Stimulus, 2) Positive trends in the virus, 3) Economic reopenings and 4) Hopes for a vaccine drove stocks hi...

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India to restrict power equipment import from China, Pakistan

India to restrict power equipment import from China, Pakistan

India will not allow the import of power supply equipment from China without permission from the government, Union Minister RK Singh said today amid the standoff with China at the Line of Actual Contr...

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Japan seeks extradition of two who helped ex-Nissan chief Ghosn escape

Japan seeks extradition of two who helped ex-Nissan chief Ghosn escape

The airline official said that in Istanbul, he took Ghosn to the second plane and accompanied him to Beirut. Kosemen said that a business associate named, Nicolas Mezsaroz, who organized the flights...

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Face shields AND face masks now mandatory on Qatar Airways

Face shields AND face masks now mandatory on Qatar Airways

Qatar Airways' CEO, Akbar Al Baker, said, "We are delighted to be back in Belgrade". "By introducing these additional onboard safety and hygiene measures, our customers can rely on us and our unpar...

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Trump can't 'run around to every local community' to enforce wearing masks

Trump can't 'run around to every local community' to enforce wearing masks

However, Mr Trump has continued to characterise the pandemic as a nuisance which he hopes will just go away. "I think that, at some point, that's going to sort of just disappear, I hope", he said. 'It...

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New quarter, Dow futures drop 200 points, reopening plays down premarket

New quarter, Dow futures drop 200 points, reopening plays down premarket

The top performers on the S&P 500 were Noble Energy Inc (NASDAQ:) which rose 7.79% to 9.55, Akamai Technologies Inc (NASDAQ:) that has been up 6.39% to settle at 113.12 and TechnipFMC PLC (NYSE:) wh...

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OPEC, Russia seen easing oil production cuts from August

OPEC, Russia seen easing oil production cuts from August

OPEC has cut oil output in June by 1.25 million barrels per day (bpd) from May levels as it works to implement a supply restraint agreement with Russian Federation and other allies, according to esti...

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Oil prices slip as U.S. COVID-19 cases surge

Oil prices slip as U.S. COVID-19 cases surge

Brent is still on track for a weekly gain of 4%. The holiday weekend in the USA will see more demand for gasoline and we're beginning to see more air travel routes operating and transporting people...

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Air Canada scrapping London to Ottawa flight

Air Canada scrapping London to Ottawa flight

About 20,000 employees have recently left Air Canada through layoffs, severances, early retirements and leaves. Fourteen routes in Atlantic Canada will be suspended indefinitely, including Frederict...

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SoftBank-backed Lemonade soars 73% in U.S. market debut

SoftBank-backed Lemonade soars 73% in U.S. market debut

The debut is the latest market test for unprofitable, venture capital-backed companies as the coronavirus pandemic spurs an investor flight to safety. At the time, the insurer was valued at £1.68 bill...

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Bagged salad recalled because of potential parasite contamination expanded to include Pa.

Bagged salad recalled because of potential parasite contamination expanded to include Pa.

The Canadian Food Inspection Agency says Fresh Express is recalling salad products due to possible Cyclospora contamination. If other high-risk products are recalled, the public will be notified t...

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Tesla Bests Q2 Estimates, Delivers 90K Cars

Tesla Bests Q2 Estimates, Delivers 90K Cars

The world's most valuable carmaker's share price rose by 9 percent to $1,219.02 in early trading on Thursday after it announced that it had delivered an impressive 90,650 vehicles over the last three ...

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VW reveals Tiguan R because it needed more hot SUVs

VW reveals Tiguan R because it needed more hot SUVs

VW has also changed up its badging for the R-Line to be consistent with the new R badging it's already revealed. A statement from Volkswagen says the new Tiguan "takes assisted driving one step fu...

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Long-lasting heat warning in effect for Brampton

Long-lasting heat warning in effect for Brampton

Temperatures drop to about 23 degrees overnight. Please refer to your public forecast for further details on expected temperatures. Air quality can deteriorate due to hot and humid air. Environmen...

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Supreme Court denies First Nations’ appeal of Trans Mountain pipeline approval

Supreme Court denies First Nations’ appeal of Trans Mountain pipeline approval

The Tsleil-Waututh Nation, Squamish Nation, Coldwater Indian Band and the Ts'elxwéyeqw Tribes successfully halted the government's first approval of the project in 2016 after convincing the Federal Co...

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Factory activity contracts for third straight month

Factory activity contracts for third straight month

A number of factories here reopened in June, the AIB IHS Markit manufacturing Purchasing Managers' Index ( PMI ) survey found. The construction sector business activity index landed above 59 for the t...

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Hampton Inn fires hotel employee who called cops on black guests

Hampton Inn fires hotel employee who called cops on black guests

I have a room here", Williams-Wright said in the video. "Hampton by Hilton has zero-tolerance for racism or discrimination of any kind". The Hampton Inn employee in question is no longer with the ...

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Alabama Department of Labor Announces Unemployment Benefits Extension Plan

Alabama Department of Labor Announces Unemployment Benefits Extension Plan

The benefits extension is kicking in because the state has hit benchmarks set by the federal government, including a high rate of unemployment, which was 15.2 percent in May, the state said. What abou...

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Trump says he supports another round of direct payments to Americans

Trump says he supports another round of direct payments to Americans

Trump complained about creating disincentives for people to go back to work, but appeared to be confusing the direct federal payments with a $600-per-month federal supplement for anyone collecting sta...

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House passes extension for PPP business program applications to August 8

House passes extension for PPP business program applications to August 8

The Paycheck Protection Program (PPP) was one of the pillars of the stimulus program the USA government enacted earlier this year to help small businesses keep afloat during nationwide lockdowns. ...

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What Analysts Are Saying About Lululemon’s $500 Million Mirror Acquisition

What Analysts Are Saying About Lululemon’s $500 Million Mirror Acquisition

The move comes as Americans have been forced by gym closures to work out at home during the pandemic, and even substitute their young children for kettlebells. The acquisition of Mirror helps "acceler...

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Oil rises on US crude stockpile draw, global manufacturing activity

Oil rises on US crude stockpile draw, global manufacturing activity

Brent crude LCOc1 rose 31 cents, or 0.8%, to $41.58 a barrel by 0632 GMT after declining significantly more than 1% on Tuesday. Much of the drawdown was also attributed to refiners ramping up produ...

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Long Term Debt Brings Chesapeake To Bankruptcy Amid COIVD-19 Energy Downturn

Long Term Debt Brings Chesapeake To Bankruptcy Amid COIVD-19 Energy Downturn

The company will continue operations at a much reduced capacity, with a handful of gas rigs and no oil rigs, according to those familiar with the company's plans. The company filed for Chapter 11 in t...

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Amazon will pay one-time bonuses of $500 to logistics workers

Amazon will pay one-time bonuses of $500 to logistics workers

Payments of $500 for full-time workers and $250 for part-time workers will be made to employees at Amazon's warehouses, delivery drivers, and Whole Foods. In March, Amazon announced that it would giv...

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Cirque de Soleil filed for bankruptcy, cuts 3,500 jobs amid pandemic crisis

Cirque de Soleil filed for bankruptcy, cuts 3,500 jobs amid pandemic crisis

Under a Canadian Act, similar to Chapter 11 bankruptcy law in the USA the company is filing under the Companies' Creditors Arrangement Act (CCAA) as the COVID-19 pandemic forced the famed circus to ...

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Fauci, CDC chief raise concerns about full airline flights

Fauci, CDC chief raise concerns about full airline flights

In a statement released by American Airlines Group Inc., flights will be booked to capacity going forward, abandoning previous social distancing guidelines for operation, according to a report f...

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PM Garib Kalyan Anna Yojna extended till November: Narendra Modi

PM Garib Kalyan Anna Yojna extended till November: Narendra Modi

Ever since Unlock-1 started in the country, negligence in personal and social behaviour has been increasing. This is a risky trend. He also mentioned that people have been a little careless since L...

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Cirque du Soleil files for bankruptcy protection; Blue Man Group included

Cirque du Soleil files for bankruptcy protection; Blue Man Group included

Cirque du Soleil has filed bankruptcy for bankruptcy protection in Canada, where the company has its headquarters. The cuts of 3,480 employees come from the over 4,600 individuals who were furloug...

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