The government and Google made closing arguments in a high-stakes antitrust trial to a federal judge, who must now decide whether the tech giant’s search engine constitutes an illegal monopoly. A final ruling in the case is expected later this year.
TORONTO — Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed. Tech companies, retailers and more have all begun shedding members of their workforce in a bid to navigate the economic downturn. These are some of the companies which have so far laid off Canadian workers in 2024: BCE Inc.: The Montreal-based telecommunications giant said on Feb. 8 it was cutting 4,800 jobs "a
(Bloomberg) -- Shut out of US markets and under fire in Europe, China’s electric-car makers are zeroing in on the countries where they’re welcome. One of the big ones is Brazil.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Fro
Canada is one of the biggest oil sands producers in the world. Companies like Suncor Energy, Canadian Natural Resources and Imperial Oil have oil sands projects within 150 km of Fort McMurry, an oil sands hub in Northern Alberta, with many workers living in the city.
Microsoft is offering China-based employees working in artificial intelligence (AI) the option of relocating to overseas locations such as the US, Australia and Ireland, according to two people familiar with the matter. The employees, including those from the Azure cloud computing team who were notified earlier this week, must make a decision by June 7. They can stay on with the China team if they decide not to relocate, one person said. However, Microsoft has stopped hiring in China, according
Ford is soliciting manufacturing money-saving ideas for its electric vehicles in a new memo sent this week.
Europe's energy sector relies too much on China to entertain the idea of de-risking, the CEO of Siemens Energy said, reflecting the dilemma of an industry in need of supplies from the world's No.2 economy - but not the competition that comes with it. The comments by Christian Bruch come as global trade tensions with China are heating up, with the U.S. raising tariffs on Chinese electric vehicles this week and the European Union looking into similar steps to protect local players from unfair competition. Meantime, the EU has launched an investigation into Chinese wind turbine makers and whether they benefit from subsidies in their efforts to undercut the pricing of Western companies like Vestas, Nordex and GE Vernova.
Loblaw Companies Ltd. says it's agreed to sign onto a long-planned code of conduct for grocery retailers, as long as other industry players do, too. The code is intended to level the playing field for suppliers and smaller retailers.
McDonald’s plans to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices. The deal would let customers get a four-piece McNugget, small fries, a small drink and either a McDouble burger or a McChicken sandwich for $5 in most areas, according to a person familiar with the deal who wasn’t authorized to discuss its details. The month-long deal is scheduled to begin June 25 and will be advertised nationally. Some stores with higher cost
America’s cost of living crisis has stung new flight attendants, many of whom haven’t had an opportunity to renegotiate their contracts since the inflation spiral began several years ago.
When you're young, retirement seems so far in the future that it might as well be another millennium. It takes a certain degree of discipline and foresight to put your money toward retirement savings...
A shock repayment notice doesn’t have to end in your financial ruin.
Patricia de Melo Moreira/AFP via Getty ImagesA pair of Las Vegas naturists claim they are being harassed by authorities for hosting fully-nude travelers at their home, accusing “authoritarian” local officials of trying to shut them down over their free-spirited ways.Max and Corinne Dufloo insist their three-bedroom B&B, known as the “No Tan Lines Republik,” is not a business, but a non-profit “spiritual” association welcoming nudists who are “seeking peace and protection from our consumerist soc
A Shoppers Drug Mart pharmacy in downtown Toronto is facing backlash over a now-deleted job posting for a "volunteer" position in the store. "My first reaction was this has to be a joke," said John Gunn, who has been a customer at the pharmacy, located at King and Peter streets, for more than a decade. But it was no prank. The job posting on LinkedIn listed duties such as assisting customers, restocking shelves, and organizing inventory — all for zero compensation."Your role as a volunteer is cr
The Nova Scotia government is looking to attract more private lawyers needed to take on legal aid cases by announcing millions of dollars in new funding to help increase their compensation.Nova Scotia Legal Aid will receive an additional $3.98 million for 2024-25, and $5.6 million annually starting in 2025-26, the province said Thursday in a news release.The funding will contribute to hourly wage increases for private lawyers. "Nova Scotia Legal Aid is an important pillar of our justice system,"
Even before law enforcement raided his homes, the many-named rapper, producer and businessman Sean “Diddy” Combs faced a host of legal issues.
China's e-commerce market has the potential to further expand in the next few years amid improved penetration by internet platform operators into key sectors, despite a slowdown in retail sales, according to a senior JPMorgan analyst. "I feel relatively positive about the outlook for e-commerce growth over the next few years," Alex Yao, co-head of Asia technology, media and telecommunications research at JPMorgan, said in an interview with the South China Morning Post on Thursday. "Even if offli
Whether you're looking to take on a few different freelance jobs or are looking for ways to supplement your primary source of income, there are a number of side gigs available that you can do from the...
High energy costs, weak global demand, a disruptive shift towards net-zero economies, and growing competition from China are raising existential questions for Germany's economic model. CEOs and business lobbies say its historically strong industrial base is close to cracking, a "de-industrialisation" risk often accompanied by calls for government support. Monthly industrial production data give the most obvious snapshots of how the sector is doing, and they show a clear decline since the end of 2017, exacerbated by the COVID-19 pandemic and now the Ukraine war.
Toyota Motor was forced to repeatedly halt production at a Mexico plant in February and March after local labour shortages snarled output at suppliers, according to people with knowledge of the automaker's operations. The stoppages, details of which were corroborated by documents from Toyota and suppliers reviewed by Reuters, illustrate a potential choke point for the world's top automaker, which plans to produce 10 million vehicles this year. Toyota halted production for a total 19 days in February and March at its plant in Tijuana, Mexico, where it makes the Tacoma pick-up truck, according to two of the people.
There may come a day when "retirement" is more a concept than a reality for most Americans. A rising number of seniors are working well past what used to be considered the normal retirement age...
