May 26th, 2024

Business

Apple launches emergency system for people who can’t access cell service

By Tara Deschamps, The Canadian Press on November 15th, 2022

TORONTO – As Canada’s top telecommunications companies face pressure to ensure Canadians can reach emergency responders in the event of a major outage, Apple is rolling out a new service that will accomplish just that. The Cupertino, Calif. tech giant says its new Emergency SOS system, available on iPhone 14 devices in Canada this week, ... Read More »

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‘Did not end well’: New Pence book details split with Trump

By Jill Colvin, The Associated Press on November 15th, 2022

NEW YORK (AP) – Former Vice President Mike Pence blames Donald Trump for endangering his family “and all those serving at the Capitol” on Jan. 6 in a new memoir released Tuesday. In “So Help Me God,” Pence recounts, for the first time in his own words, the Republican former president’s extraordinary effort to push ... Read More »

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Zelenskyy: Battle for Kherson was D-Day-like watershed

By The Associated Press on November 15th, 2022

KYIV, Ukraine (AP) – Ukraine’s president is likening the recapture of the southern city of Kherson to the Allied landings in France on D-Day in World War II, saying both were watersheds on the road to eventual victory. Speaking via video link Tuesday to a Group of 20 summit in Bali, Indonesia, Zelenskyy called Ukraine’s ... Read More »

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Indonesia signs deals to accelerate clean energy transition

By The Associated Press on November 15th, 2022

NUSA DUA, Indonesia (AP) – Indonesia signed deals with international lenders and major nations on Tuesday under which it is to receive billions of dollars in funding to help the country increase its use of renewable energy. The $20 billion agreement was announced on the sidelines of the Group of 20 summit in Bali, Indonesia. ... Read More »

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Canadians, economists alike saw little relief from inflation in October: forecasters

By Nojoud Al Mallees, The Canadian Press on November 15th, 2022

OTTAWA – Inflation has been heading lower in recent months, but Canadians likely haven’t noticed as gas prices went up and grocery costs continued to soar last month. Statistics Canada is expected to release its October report on the consumer price index on Wednesday, and economists are warning Canada’s annual inflation rate likely ticked higher. ... Read More »

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FTX fallout shows tension between need for regulation and push for decentralization

By Ian Bickis, The Canadian Press on November 14th, 2022

TORONTO – The collapse of crypto-exchange giant FTX is being pointed to both as a clear example of the importance of industry regulation and, on the other hand, of the need for bitcoin to get back to its decentralized roots. The two opposite conclusions underline the tension between the ideals of the early-adopting bitcoin faithful ... Read More »

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S&P/TSX composite down almost 200 points, U.S. markets also lower

By The Canadian Press on November 14th, 2022

TORONTO – Canada’s main stock index was down almost 200 points Monday,weighed down by losses in information technology, utilities and energy, while U.S. stock markets were also in the red. The S&P/TSX composite index was down 189.70 points at 19,921.81. In New York, the Dow Jones industrial average was down 211.16 points at 33,536.70. The ... Read More »

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S&P/TSX composite down almost 190 points, U.S. markets also lower

By The Canadian Press on November 14th, 2022

TORONTO – Canada’s main stock index was down almost 190 points Monday,weighed down by losses in information technology, utilities and energy, while U.S. stock markets were also in the red. The S&P/TSX composite index down 189.70 points at 19,921.81. In New York, the Dow Jones industrial average was down 211.16 points at 33,536.70. The S&P ... Read More »

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Late slide leaves stocks lower after a wobbly day of trading

By Damian J. Troise And Stan Choe, The Associated Press on November 14th, 2022

NEW YORK (AP) – Stocks closed lower on Wall Street, easing back after posting a big gain last week on hopes that the worst of the nation’s inflation may finally have passed. The S&P 500 lost 0.9% Monday after drifting between gains and losses for much of the day. Some analysts have called Wall Street’s ... Read More »

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1970s sandals worn by Steve Jobs auctioned for $218K

By The Associated Press on November 14th, 2022

LOS ANGELES (AP) – The California house where Steve Jobs co-founded Apple is a historical site, and now the sandals he wore while pacing its floors have been sold for nearly $220,000, according to an auction house. The “well used” brown suede Birkenstocks dating to the mid-1970s set a record for the highest price ever ... Read More »

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Fallout from crypto exchange FTX’s collapse shows importance of regulation: experts

By Ian Bickis, The Canadian Press on November 14th, 2022

TORONTO – The rapid collapse of crypto-exchange giant FTX shows the importance for the sector to be regulated, something that Canada has helped lead the way on, experts say. Canada has numerous safeguards in place that would help prevent some of the alleged practices that went on at FTX, including the use of client funds ... Read More »

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