A House of Commons committee has roasted the top executives of Canada's largest grocery store chains about their rising prices and record profits, as more shoppers struggle to pay for food. David Akin explains how CEOs were put on the hot seat and on notice, how they politely pushed back, and the unimpressive solutions they presented.
Fox News is suing producer Abby Grossberg, claiming she'd disclose privileged information. Grossberg's name is also mentioned in Dominion's lawsuit.
TORONTO — The liquidation sales at Nordstrom stores across Canada will begin Tuesday. A spokesperson for the department store chain confirmed the impending sales period Monday in an email to The Canadian Press, just after the Ontario Superior Court of Justice gave the U.S. retailer's Canadian branch permission to start selling off its merchandise. At a hearing at Osgoode Hall in Toronto, lawyer Jeremy Dacks, who represented Nordstrom, said the company has "worked hard to achieve a consensual pat
A US-based developer of small nuclear reactors has signed a deal to sell 24 of its power plants to UK customers, putting pressure on rival makers including Rolls-Royce.
STORY: Have you ever tried biryani from a vending machine at 3 a.m.?This fully automated biryani dispensing kiosk has just opened in India Locator: Chennai, India[Faheem, Founder and CEO, Bai Veetu Kalyanam]"This is a new attempt that we have tried doing it in India because many people have seen vending machine, automatic self-ordering kiosks in abroad, especially in Japan and other countries. So, basically in India, we don't have such kind of an automated technology where in…they still have to go to a biller, counter, cashier and then they have to place an order by seeing the face (of a person)." Customers make their selections via touchscreens and receive their warm meal in around three to five minutes[Srinivasa, Customer]"I came to visit here and I ordered a chicken biriyani and the experience is too good and the biryani is too hot."
When Premier Doug Ford's government tables its new budget on Thursday, expect to see more than $6 billion devoted to subsidizing hydro bills. Although previous Liberal governments also spent taxpayer money on lowering electricity prices, Ford's Progressive Conservatives have taken it to such a level that it is now one of the single biggest line items in the Ontario budget. The 2022-23 provincial budget earmarked $6.3 billion for "electricity cost-relief programs," nearly four times as much as th
China is launching an annual recruitment of college graduates in large and midsize cities, the official Xinhua news agency said on Sunday, as authorities double down on efforts to meet a more ambitious job creation goal this year. The recruitment drive, hosted by the Ministry of Human Resources and Social Security, will last from Sunday to May 26, Xinhua said. China aims to create around 12 million urban jobs this year, up from the 2022 target of at least 11 million.
The British car industry has lost its way. Gone are the days when our historic marques represented a sense of understated sophistication – today it’s all about bling, ostentation. In the Nineties, even the priciest cars made by British brands were relatively demure; the Aston Martin DB7 looks like a Vauxhall Corsa compared with the current DBX SUV, and the Rolls-Royce Silver Spirit was basically a rectangle. Nowadays, everything we build seems to sparkle like a nightclub loo.
Ford and GM join a list of more than 40 carmakers offering deep discounts in China after Tesla reduced its prices, The Wall Street Journal reported.
The Toyota Prius C and Nissan Leaf deliver some of the best bang for your buck on the challenging used-car market, Consumer Reports found.
Rolls-Royce is offering its luxury car fans one last taste of the velvet hammer. In marking the end of the line for the Wraith coupe and its sumptuous V-12 engine, Rolls Royce announced an extremely limited model - the Black Badge Wraith Black Arrow edition. In keeping with it being the last V-12 coupe, Rolls-Royce is only making 12 of the cars.
STORY: A Russian court froze all Volkswagen assets in the country on Monday (March 20).It presents the latest issue for the German carmaker in its year-long effort to wind down its Russian operations.VW suspended operations there last year after the invasion of Ukraine.The carmaker has tried to sell its Russian assets, including its main plant in the city of Kaluga.But a lawsuit was brought against VW by Russian auto manufacturer GAZ.The firm was contracted to produce VW vehicles and tried to stop any sale.GAZ argued VW breached a contract after it ended their production agreement in August.The Russian firm further said VW's attempts to leave the country put its own interests at risk, and demanded over $201 million in damages.The court on Monday agreed to freeze all VW's assets in the country while the dispute with GAZ played out. The Russian carmaker declined to comment. Volkswagen and Russia's industry ministry did not respond to requests to comment.
Handout via ReutersA Manhattan federal judge has ruled that lawsuits against JPMorgan and Deutsche Bank—which accuse the financial giants of benefiting from Jeffrey Epstein’s sex-trafficking ring—can move forward.Two victims of Epstein sued the banks last year under the pseudonym Jane Doe, arguing the financial institutions kept Epstein as a client, and enabled his abuse of young women, because he generated millions for their businesses. Soon after, the government of the U.S. Virgin Islands file
China’s reopening is set to add momentum to global economic growth, and despite the negative price movement in crude this week, oil bulls remain optimistic
Russia's Gazprom supplies gas to China through a 3,000 km (1,865 mile) pipeline called Power of Siberia under a 30-year, $400 billion deal launched at the end of 2019. In February 2022, China also agreed to buy up to 10 bcm of gas annually by around 2026 via a pipeline from Russia's far east island of Sakhalin. Russia's gas exports to China are still a small fraction of the record 177 bcm it delivered to Europe in 2018-19.
Russia overtook Saudi Arabia to become the top crude supplier to China in January and February, with imports of Russian crude jumping 23.8% year-over-year.
Warehouse stores offer discounts on bulk goods, as most know. Membership benefits usually include access to member-only pricing at the store's gas stations, savings on bulk items in-store and online,...
(Bloomberg) -- Amazon.com Inc. is laying off an additional 9,000 employees, adding to cuts that were already the largest round of firings in the company’s history.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndCredit Suisse’s Fate Was Sealed by Regulators Days Before UBS De
(Bloomberg) -- From as much as $96 billion to around $3 billion: Credit Suisse Group AG is poised to join the historic ranks of finance giants sold at fire-sale prices in the grip of a market crisis.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move to
Satellite launch company Virgin Orbit Holdings Inc has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce, Sky News reported on Sunday. Richard Branson's Virgin Group is working with restructuring firms Alvarez & Marsal and Ducera about fallback plans if they cannot secure new funding, the report added. Last week, Reuters reported that Virgin Orbit Chief Executive Dan Hart told staff in a meeting that the furlough was intended to buy the company time to finalize a new investment plan to help pull it out of its financial woes, while the duration of the furlough remained unclear.
The cuts come on top of 18,000 job cuts the business had already announced in January.
