A wave of top executive departures marks the latest worrying chapter in the story of Indigo Books & Music Inc., which analysts say faces a cooling economy — and a bit of an identity crisis — heading into the fall. Nivrita Ganguly reports.
Corn might be a perfectly wholesome vegetable in and of itself, but the business that produces and distributes is across the world can be downright nefarious.
Multiple studies show that staying active later in life can improve your longevity and even quality-of-life in your later years. One study, as reported by Harvard University, found that people who...
Oil prices could see a new normal around $100 a barrel thanks to a trifecta of production cuts, higher interest rates, and lack of investment in the industry, according to a top JPMorgan energy analyst.
Canada's industry minister made a point of calling out Pepsi and Coca-Cola for not sending representatives to a meeting he convened on Monday with manufacturing companies to discuss stabilizing grocery prices. François-Philippe Champagne singled out the two companies when asked by a journalist what the consequences would be if major industry players did not succeed in stopping high inflation. "This morning, (their CEOs) did not attend the meeting," Champagne said of beverage giants Pepsi and Coc
Many retirees plan to earn extra income to supplement their retirement spending. But how much can a retired person earn without paying taxes? The answer to this question varies based on your situation. Understanding the tax rules surrounding retiree income can … Continue reading → The post How Much Can a Retired Person Earn Without Paying Taxes? appeared first on SmartAsset Blog.
The European Union, G7 countries and Australia introduced a price cap of $60 a barrel on Russian oil in last December, aiming to curb Russia's ability to finance the conflict in Ukraine. However, Russian oil revenues are likely to increase due to constant increases in crude prices and a reduction in the discount on its own oil, the FT report said, citing Kyiv School of Economics (KSE) estimates. Russia cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in the first 20 days of September from the same time in August.
The number of shipping containers passing through Canada's largest port fell sharply in the first half of the year, driven down by weaker consumer demand and a sputtering economy. Container volumes at the Port of Vancouver fell 14 per cent in the first six months of 2023 compared with the same period a year earlier, the Vancouver Fraser Port Authority said Monday. In a phone interview, interim CEO Victor Pang said the figures reflected a stalling economy, which contracted slightly in the second
The average retirement age always seems to be on the rise. Part of the reason for this is that people have to wait longer than ever before to collect full Social Security benefits. But there's also...
Unifor, the union which represents 5,600 workers at Ford Motor Co. facilities in Canada, says workers have voted to accept a deal with the automaker. The deal includes a two per cent increase in the second year and a three per cent increase in the final year.
Almost three-quarters of all seaborne Russian crude oil managed to get shipped without Western insurance in August, per a Financial Times analysis.
Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world's largest, according to two companies involved, as part of a broader push to dent China's dominance in a sector that helps power advanced technologies. The move would be a step toward the Southeast Asian country's aim of building up a rare-earths supply chain, including developing its capacity to refine ores into metals used in magnets for electric vehicles, smartphones and wind turbines. As an initial step, Vietnam's government intends to launch tenders for multiple blocks of its Dong Pao mine before the year's end, said Tessa Kutscher, an executive at Australia's Blackstone Minerals Ltd, which plans to bid for at least one concession.
BEIJING (Reuters) -The European Union agreed to resume dialogue and set up dispute settlement mechanisms to remain a part of China's "success story" despite unresolved economic concerns, but it stopped short of halting trade remedies even as Beijing urged restraint. "EU companies want to be part of China's success story, which is why it's important we devoted time to discuss the business environment," EU Trade Commissioner Valdis Dombrovskis told China's economy tsar, following an afternoon of talks covering market access issues and other trade barriers. The 27-member bloc has long complained about the lack of a level playing field in China and the politicisation of the business environment.
FRANKFURT, Germany (AP) — Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also complicates the global fight against inflation and feeds Russia's war chest. That poses problems for politicians as well as the people having to spend more to get to work, transport the world's goods or harvest fields. Here are things to know about the recent increase — and where prices might be going: WHY HAVE OIL PRICES RISEN? Above all, Saud
In a recent forecast, JPMorgan has predicted a potential surge in Brent oil prices to $150 per barrel. This prediction was made on Monday, as the financial institution observed escalating oil rates that have been on a consistent upward trajectory.
Even after escalating its strike against Detroit automakers on Friday, the United Auto Workers union still has plenty of leverage in its effort to force the companies to agree to significant increases in pay and benefits. Only about 12% of the union’s membership is so far taking part in the walkout. The UAW could, if it chose to, vastly expand the number of workers who could strike assembly plants and parts facilities of General Motors, Ford and Stellantis, the owner of the Jeep and Ram brands.
The world's biggest packaged food maker Nestle and dairy giant Danone rely on France for revenue more than any other country in Western Europe, raising the stakes in price negotiations due to begin there next month. France has long outstripped Germany, Italy, Spain and others as the European Union's biggest market for groceries by supermarket revenue, according to research firm IBISWorld. But with a view to securing price cuts by mid-January, the French government is bringing forward annual price negotiations between retailers and their suppliers to start by mid-October.
STORY: Qantas is warning of more pain to come on air fares. Australia’s biggest airline said Monday (September 25) that spiralling fuel costs might leave it no choice but to hike ticket prices. It warned that its half-year fuel bill could jump by close to $130 million. That’s if current crude prices persist. The firm said it would do its best to absorb the higher costs, but might have to adjust fares. Qantas is trying to steer a path between reassuring customers it’s taking complaints over service seriously…While telling investors it has a plan to deal with surging costs. Legal headaches are adding to its woes. Last month Australia’s antitrust watchdog said it was suing the airline for selling tickets on flights it knew had been cancelled. Qantas also lost a union lawsuit over the sacking of thousands of staff during the global health crisis. The airline says it will now spend an extra $52 million on customer service improvements. That’s on top of existing investment plans. It says the money is aimed at tackling customer “pain points”, such as service by call centres. Qantas shares sank close to 2% after Monday’s update.
Americans, it seems, are getting more financially secure – at least on the retirement front. For the third quarter in a row, retirement account balances increased for households across the country, according to a new analysis from Fidelity Investments. Need help saving and planning for retirement? Speak with a fiduciary financial advisor today. The company […] The post Report Shows Rising Retirement Account Balances: Are You Keeping Up? appeared first on SmartReads by SmartAsset.
Thailand's Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft. "Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres," he said, without detailing whether the $5 billion was expected to be a combined investment or made individually by each company. Tesla, Google and Microsoft did not respond immediately to requests for comment.
German logistics giant DHL is teaming up with energy firm HH2E and South African petrochemicals firm Sasol on the expansion of sustainable aviation fuel (SAF) production in Germany, HH2E said on Monday. The companies have signed an agreement to set up a joint initiative to build potential production capacities for SAFs based on green hydrogen, or eSAFs, somewhere in eastern Germany, HH2E said in a statement.
