News/Business (Page 55)

Business The spot went viral as critics denounced its message. Some found it particularly hard to stomach the imagery of big tech crushing creative tools as artists grapple with the threats posed by artificial intelligence. Ad shows a hydraulic press squeezing musical instruments, art pieces into an iPad Jenna BenchetritContinue Reading

Business·Analysis The shadow fleet of oil tankers enabling Russia’s war and undermining global sanctionsDespite Western sanctions meant to curtail energy exports and squeeze its economy, experts say Russia is using its so-called shadow fleet of tankers to make as much as $1 billion a day selling oil, skirting a globalContinue Reading

Business Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20 per cent on Wednesday. E-commerce has rebounded but consumers pulling back on discretionary spendingThomson Reuters · Posted: May 08,Continue Reading

Business FTX says that nearly all of its customers will receive the money back that they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded. Company owes $11.2B US to its creditors, has up to $16.3B to distribute to themTheContinue Reading

Business The Federal Aviation Administration said Monday it has opened an investigation into Boeing after the beleaguered company reported that workers at a South Carolina plant falsified inspection records on certain 787 planes. Boeing said its engineers have determined that misconduct did not create “an immediate safety of flight issue.”Continue Reading

Business Canada’s Competition Bureau has opened a formal investigation into Lululemon’s environmental claims in its marketing campaigns, a spokesperson for the agency told CBC News on Monday. Stand.earth accuses B.C. company of breaking promise to reduce greenhouse gases Jenna Benchetrit · CBC News · Posted: May 06, 2024 8:01 AM EDT | Last Updated: MayContinue Reading

Location. Costs. Time and convenience. There are many reasons that people aren’t participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer. The boycott was started by a Reddit group with about 70,000 members called “Loblaws is out of control.” It calls for shoppers to avoid the retailer’s LoblawsContinue Reading

Business TD Bank Group could be hit with a worst-case scenario in penalties says a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. Bank could face worst-case scenario after report connects TD to illicit fentanyl profitsIan Bickis ·Continue Reading

With some Canadians struggling to afford groceries, and as frustrations with corporate profits boil over and manifest as boycotts, the federal government says it’s trying to coax international grocers to set up shop in Canada. During a Tuesday media conference, Industry Minister François-Philippe Champagne told reporters that he continues “to look at whetherContinue Reading