SpaceX giant rocket explodes minutes after launch from Texas – Business News
Photo: The Canadian Press
SpaceX’s Starship breaks up after its launch from Starbase in Boca Chica, Texas, Thursday, April 20, 2023. SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight and crashed into the Gulf of Mexico. (AP Photo/Eric Gay)
SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight Thursday and crashed into the Gulf of Mexico.
Elon Musk’s company was aiming to send the biggest and most powerful rocket ever built on a round-the-world trip from the southern tip of Texas, near the Mexican border. The nearly 400-foot (120-meter)…
BuzzFeed News to be shuttered in corporate cost cutting move – Business News
Photo: The Canadian Press
FILE – The entrance to BuzzFeed in New York was seen on Nov. 19, 2020. Pulitzer prize winning digital media company BuzzFeed is cutting about 15% of its staff, according to multiple media reports. In a memo sent to staff, co-founder and CEO Jonah Peretti said that the New York company was going to start the process of shutting down its news division, and that cuts would also occur across its business, content, tech and administrative teams. (AP Photo/Ted Shaffrey, File)
Pulitzer Prize winning digital media outlet BuzzFeed News is being shut down as part of…
Elon Musk’s Twitter drops government-funded media labels – Business News
Photo: The Canadian Press
Twitter has removed labels describing global media organizations as government-funded or state-affiliated, a move that comes after the Elon Musk-owned platform started stripping blue verification checkmarks from accounts that don’t pay a monthly fee.
Among those no longer labeled was National Public Radio in the US, which announced last week that it would stop using Twitter after its main account was designated state-affiliated media, a term also used to identify media outlets controlled or heavily influenced by authoritarian governments, such as Russia and China.
Twitter later changed the label to “government-funded media,” but NPR — which…
Lyft gears up to make ‘significant’ layoffs under new CEO – Business News
Photo: The Canadian Press
FILE – A Lyft ride-hailing vehicle is parked near Empower Field at Mile High in Denver on April 30, 2020. (AP Photo/David Zalubowski, File)
Lyft is preparing to lay off hundreds of employees just days after new CEO David Risher began steering the ride-hailing service with an eye toward driving down costs to help bring its fares more in line with its biggest rival, Uber.
Risher, a former Amazon executive, informed Lyft’s workforce of more than 4,000 employees in an email posted online Friday that a “significant” number of them would lose their jobs. It came…
Bank regulator action on climate change ‘overdue and now urgent’ – Business News
Climate action ‘over due’
The Canadian Press – Apr 21, 2023 / 6:13 am | Stories: 422543
Photo: The Canadian Press
Canada’s environment commissioner says action by the federal banking regulator on climate change is overdue and now urgent.
Commissioner Jerry DeMarco said in an audit released Thursday that it’s encouraging that the Office of the Superintendent of Financial Institutions (OFSI) both recognizes the risks of climate change to banks and the financial system, and is taking action on the challenge.
But he notes that since climate change has only recently become a priority of the regulator, the full implementation…
New Ontario Volkswagen EV battery plant to create 3,000 jobs – Business News
Photo: The Canadian Press
A massive new Volkswagen electric-vehicle battery plant in southwestern Ontario will create up to 3,000 direct jobs and 30,000 indirect jobs in the region.
Prime Minister Justin Trudeau, Ontario Premier Doug Ford and top brass from the German automaker are unveiling details of the new Volkswagen “gigafactory” that will be built in St. Thomas, Ont.
Volkswagen, the world’s largest automaker, will invest $7 billion in the electric-vehicle battery plant, which will be operated by its company, PowerCo.
“We’ve landed the largest auto investment in the province’s history,” said Ontario Economic Development Minister Vic Fedeli.
“It’s not…
‘Park outside’: GM recalls 40,000 pickups to fix fire risk – Business News
Trucks recalled for fire risk
The Canadian Press – Apr 22, 2023 / 9:50 am | Stories: 422776
Photo: The Canadian Press
General Motors is recalling certain Chevrolet Silverado medium-duty trucks for model year 2019 or later, following the discovery of a potential leak in brake fluid that could result in a fire.
Potentially 40,428 vehicles could be affected. They include 4500HD, 5500HD, and 6500HD models with model years between 2019 and 2023, according to documents posted by US safety regulators on Saturday.
The vehicles may have a brake pressure sensor assembly that allows brake fluid to leak and cause…
Coca-Cola entering the fresh fruit category?
REEDLEY, CALIF. — The Coca-Cola Co. has entered into a licensing agreement with Frutura, a supplier of fresh produce, to put two of its brands on fresh citrus. The agreement involves Coca-Cola’s Simply and Minute Maid brands.
The Minute Maid brand will appear on fresh grapes in the United States and fresh citrus and grapes in Japan. The Simply brand, under Simply Select, will appear on fresh citrus in the United States. The products will be distributed by Dayka & Hackett, a subsidiary of Frutura.
“Our company is committed to serving the consumer with superior products at every part of…
