Business
RBC fossil fuel expansion funding jumped 45% last year to US$10.8B: report
By The Canadian Press on March 20th, 2023
TORONTO – Data from an environmental group shows RBC’s fossil fuel expansion-related funding jumped by almost half last year to its highest level since the Paris climate agreement was reached in 2015. Stand.earth says the bank’s US$10.8 billion in funding last year to expansion projects and companies working to increase oil and gas production represents ... Read More »
Be the first to comment!Regina tourism agency apologizes for using sexualized slogans
By The Canadian Press on March 20th, 2023
REGINA – An agency responsible for tourism in Regina has apologized for using slogans that have been criticized for their sexual overtones. Experience Regina CEO Tim Reid says the organization fell short after using slogans online that hinted at the city’s name rhyming with female anatomy. Reid says the agency has since removed the slogans ... Read More »
Be the first to comment!Credit Suisse-UBS deal offers hope, but bank doubts persist
By Kelvin Chan, The Associated Press on March 20th, 2023
LONDON (AP) – Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore up banks will stem further upheaval in the global financial system. ... Read More »
Be the first to comment!Nordstrom Canada to begin liquidation Tuesday after receiving court’s permission
By Tara Deschamps, The Canadian Press on March 20th, 2023
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 ... Read More »
Be the first to comment!Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
By Haleluya Hadero, The Associated Press on March 20th, 2023
NEW YORK (AP) – Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday. The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the tech giant said it would lay off ... Read More »
Be the first to comment!Amazon cuts 9,000 jobs; now at least 27,000 layoffs in 2023
By Haleluya Hadero, The Associated Press on March 20th, 2023
NEW YORK (AP) – Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday. The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the company said it would lay off in ... Read More »
Be the first to comment!Putin welcomes China’s Xi to Kremlin amid Ukraine fighting
By Vladimir Isachenkov, The Associated Press on March 20th, 2023
MOSCOW (AP) – Russian President Vladimir Putin warmly welcomed Chinese leader Xi Jinping to the Kremlin on Monday, a visit that sent a powerful message to Western leaders allied with Ukraine that their efforts to isolate Moscow have fallen short. Xi’s trip – his first abroad since his re-election earlier this month – showed off ... Read More »
Be the first to comment!How air passenger complaints ballooned to 42,000-plus
By Christopher Reynolds, The Canadian Press on March 20th, 2023
MONTREAL – The number of air passenger complaints to Canada’s transport regulator has more than tripled over the past year, soaring past 42,000 as of this month. The ballooning backlog means each case now needs more than a year and a half to handle, spurring advocates and politicians to question the efficacy of the process, ... Read More »
Be the first to comment!Wall Street strengthens after big bank deal, regulator moves
By Stan Choe, The Associated Press on March 20th, 2023
NEW YORK (AP) – Most of Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.5% higher in morning trading. The Dow Jones Industrial Average was up 276 points, or 0.9%, at 32,138, as ... Read More »
Be the first to comment!Amazon to lay off 9,000 employees on top of 18,000 in Jan.
By Associated Press, The Associated Press on March 20th, 2023
NEW YORK (AP) – Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday. The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the company said it would lay off in ... Read More »
Be the first to comment!Credit Suisse shares fall, but UBS deal raises hope on banks
By Kelvin Chan And David Mchugh, The Associated Press on March 20th, 2023
LONDON (AP) – Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore up banks will stem further upheaval in the global banking system. ... Read More »
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