Business
Uganda begins oil drilling, hopes for production by 2025
By The Associated Press on January 24th, 2023
KAMPALA, Uganda (AP) – Oil drilling has begun in a Chinese-operated field in Uganda and the East African country expects to start production by 2025, an official said Tuesday. The spokesman for Uganda’s ministry of energy and mineral development, Solomon Muyita, said the beginning of drilling at the Kingfisher oil field in the Kikuube district ... Read More »
Be the first to comment!Justice Dept. sues Google over digital advertising dominance
By Eric Tucker And Barbara Ortutay, The Associated Press on January 24th, 2023
WASHINGTON (AP) – The Justice Department and eight states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition. The government alleges that Google’s plan to assert dominance has been to “neutralize or eliminate” rivals through acquisitions and to force advertisers to use its products by making it difficult to use competitors’ ... Read More »
Be the first to comment!Justice Dept. sue Google over digital advertising dominance
By Eric Tucker And Barbara Ortutay, The Associated Press on January 24th, 2023
WASHINGTON (AP) – The Justice Department and several states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition. The government alleges that Google’s plan to assert dominance has been to “neutralize or eliminate” rivals through acquisitions and to force advertisers to use its products by making it difficult to use competitors’ ... Read More »
Be the first to comment!New York City pension funds call for absolute GHG emission targets at RBC
By The Canadian Press on January 24th, 2023
New York City comptroller Brad Lander and three of the city’s pension funds are offering shareholder proposals calling on several banks including Royal Bank of Canada to disclose absolute greenhouse gas emissions targets for 2030. The shareholder proposals call for an absolute reduction target aligned with a science-based net-zero emissions pathway and request a report ... Read More »
Be the first to comment!Companies’ diversity commitments at risk amid possible recession: study
By The Canadian Press on January 24th, 2023
TORONTO – A new report says that pledges made by companies to support diversity are at risk as the corporate sector prepares for a possible recession. The study by consulting company AgentsC and charitable organization Imagine Canada, supported by the RBC Foundation, says though Canadian corporations have committed billions of dollars to justice, access, inclusion, ... Read More »
Be the first to comment!Competition Bureau sets out case in effort to overturn Rogers-Shaw decision
By The Canadian Press on January 24th, 2023
OTTAWA – Competition Bureau lawyers presented arguments before the Federal Court of Appeal Tuesday morning in an effort to overturn the Competition Tribunal’s approval of Rogers Communications Inc.’s proposed takeover of Shaw Communications Inc. The bureau’s arguments focused on what they say are four key legal errors that focus especially on how the proposed sale ... Read More »
Be the first to comment!Elon Musk takes stand for 3rd day in Tesla investors lawsuit
By Michael Liedtke, The Associated Press on January 24th, 2023
SAN FRANCISCO (AP) – Elon Musk returned to the stand for a third day Tuesday in federal court in San Francisco to testify in a trial stemming from a class action lawsuit brought by Tesla investors who allege he misled them with a tweet. The 51-year-old billionaire resumed his staunch defense centering on two 2018 ... Read More »
Be the first to comment!Metro hikes dividend 10%, reports higher profit and sales in first quarter
By Brett Bundale, The Canadian Press on January 24th, 2023
The first of Canada’s big three grocers to release earnings this year is reporting a double digit increase in profits and a 10 per cent dividend hike for a period that saw food prices rise at the fastest pace in four decades. Metro Inc., which operates both supermarkets and drugstores, reported a net income of ... Read More »
Be the first to comment!Thinking about doing a no-buy challenge? Here’s what to consider
By Rosa Saba, The Canadian Press on January 24th, 2023
As inflation continues to weigh on Canadians’ budgets, some may have entered the new year taking on a self-imposed “no-buy challenge.” A no-buy challenge, made increasingly popular by social media influencers, is often done over the span of a month or even a year and involves only buying goods the participant deems essential in the ... Read More »
Be the first to comment!Stocks open lower on Wall Street as earnings reports rev up
By Elaine Kurtenbach And Matt Ott, The Associated Press on January 24th, 2023
NEW YORK (AP) – Stocks are opening lower on Wall Street as more big U.S. companies delivered their earnings reports for the last three months of 2022. Some of them came up short of what investors were expecting, leading to drops in the stock prices. Post-it maker 3M sank almost 5% after its earnings missed ... Read More »
Be the first to comment!Twitter faces lawsuits over unpaid rent for US HQ, UK office
By Kelvin Chan, The Associated Press on January 24th, 2023
LONDON (AP) – More landlords are taking Twitter to court over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices – the latest sign that owner Elon Musk’s extreme cost-cutting strategy includes simply not paying the bills. Twitter is facing a lawsuit over allegations it failed to ... Read More »
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