A proposed class-action lawsuit alleges over a dozen Canadian landlords and property managers have been part of a price-fixing scheme involving YieldStar, a controversial AI software that’s also at the heart of a U.S. Department of Justice case.
"I know it's a hassle, but it's worth it."
WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change.
(Bloomberg) -- The US on Friday announced the most sweeping and aggressive sanctions yet on Russia’s oil trade, just ten days before Joe Biden leaves the White House to be replaced by Donald Trump as president. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersAbout 160 o
As global markets navigate a choppy start to the year, influenced by inflation concerns and political uncertainties, investors are searching for stability amidst fluctuating indices. In such an environment, dividend stocks can offer a compelling option for those seeking consistent income and potential resilience against market volatility.
Chinese telecommunications gear giant Huawei Technologies will work with the steel and aviation industries to drive the use of digital and artificial intelligence (AI) technologies through a deal with industrial conglomerate Fangda Group Industrial. Huawei signed strategic partnership deals on Friday with Hainan Airlines Holding and Fangda Special Steel Technology, both owned by Fangda Group. The collaboration focuses on smart transformation, trial applications of AI large language models (LLM),
OTTAWA — The federal government has settled a class-action lawsuit with military members who were subjected to racism during their time in the Armed Forces.
NEW DELHI/SINGAPORE (Reuters) -Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said. The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine. Many of the tankers have been used to ship oil to India and China as Western sanctions and a price cap imposed by the Group of Seven countries in 2022 shifted trade in Russian oil from Europe to Asia.
Despite a continuing market for LNG, the war in Ukraine has led to Europe turning away from Russian gas exports.
BEIJING (AP) — Sales of all types of electric vehicles rose more than 40% in China last year, while those of gasoline-powered automobiles plunged, industry data showed Monday.
A former Disney World employee admitted to hacking menus to change allergy info and add swastikas after he was fired from the company for misconduct.
TORONTO — The U.S. Securities and Exchange Commission says BMO has agreed to pay more than US$40 million to settle charges related to the bank's alleged supervision failure in bond selling.
As global markets navigate a choppy start to the year, characterized by inflation concerns and political uncertainties, investors are seeking stability amidst fluctuating indices. In this environment, dividend stocks can offer a reliable income stream and potential cushion against market volatility.
President Joe Biden's outgoing administration is finalizing rules on Tuesday that will effectively bar nearly all Chinese cars and trucks from the U.S. market, as part of a crackdown on vehicle software and hardware from China. Washington's latest move against Chinese vehicles comes after the Commerce Department said this month it was considering a similar crackdown on Chinese-made drones, in the wake of last year's steep tariff hikes on imports of its electric vehicles. "It's really important because we don't want two million Chinese cars on the road and then realize ... we have a threat," Commerce Secretary Gina Raimondo told Reuters in an interview, citing national security concerns.
While TikTok faces a January 19th deadline to sell or shut down in the U.S., other tech giants face lawsuits and pushback for privacy and fact-checking concerns. Tech analyst, Carmi Levy, joins Miranda Anthistle to break down some of the biggest stories in tech.
Apple’s board of directors has come out in opposition to a proposal seeking to end the company’s diversity, equity, and inclusion (DEI) programs. In a proxy filing, the company said the National Center for Public Policy Research (a conservative think tank) is submitting a proposal for Apple to “consider abolishing its Inclusion & Diversity program, policies, department and goals.” The think tank’s proposal claims that DEI programs could make companies vulnerable to lawsuits, citing the recent Supreme Court ruling against race-based affirmative action in colleges and noting that other companies have eliminated or scaled back similar programs.
Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that President-elect Donald Trump may slap tariffs on imports of crude. This followed two years of bumper profits as refiners cashed in on supply shortages caused by Russia's invasion of Ukraine and a post-pandemic recovery in demand. Shares of major refiners have fallen this year, and on average, analysts have lowered expectations for refiners' fourth-quarter earnings before interest, taxes and amortization (EBITA) by 24% since the start of the quarter, Tudor, Pickering, Holt & Co analyst Matthew Blair said in a note.
(Bloomberg) -- Refiners, tanker operators and port executives across Asia have been left scrambling to manage the fallout from the most aggressive US sanctions on Russia’s oil industry to date, sifting through documents and quizzing government officials on Monday to understand the impact for major importers China and India.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisc
Deals involving the data center sector are occurring regularly, as tech companies make moves to ensure they have a reliable supply of power for their energy-intensive operations. Several generation types, […]
STORY: Apple has abused its dominant position and cost British consumers up to $1.8 billion.That was what a London tribunal heard on Monday (Jan 13).The U.S. tech giant is accused of charging app developers an unfair 30% commission through its App Store.Apple faces a mass lawsuit brought on behalf of around 20 million iPhone and iPad users in the UK.They were allegedly overcharged for app purchases.Apple argues the case is meritless.The firm also believes it overlooks the benefits to consumers of the integrated approach of its iOS operating system - which prioritizes security and privacy.It is the first mass lawsuit against a tech giant to come to trial under Britain's growing class action-style regime.Many other cases are waiting to move forward against the likes of Google, Meta and Amazon.Rachael Kent is a British academic bringing the case.She argues Apple has made "exorbitant profits" by excluding all competition for the distribution of apps and in-app purchases.Her lawyers argue this dominant position allows the company to impose restrictive terms on app developers.They say it also allows them to charge excessive commission, which they believe is taken on by consumers.Apple has faced pressure from regulators in the U.S. and Europe over the fees it charges third-party developers,The firm argues 85% of developers do not pay any commission at all.The trial is due to last seven-weeks and expected to hear evidence from Apple's chief financial officer later this week.
Chinese firms rushed to stockpile semiconductors in 2024, driving double-digit expansion of integrated circuit (IC) imports, as the outgoing Biden administration is set to tighten restrictions on China's access to advanced chips. China imported a total of 549.2 billion ICs in 2024, a 14.6 per cent increase from a year earlier, according to data published on Monday by the General Administration of Customs. The total value of annual IC imports, or microchips, was US$385 billion, up 10.4 per cent y
