Category: Business News

Business News

Regulator lays out proposed changes to passenger rights charter – Business News

Changes to passenger rights The Canadian Press – Jul 11, 2023 / 9:44 am | Stories: 436290 Photo: The Canadian Press The Canadian Transportation Agency is laying out proposed changes to the passenger rights charter. The reforms came after the Liberal government passed legislation last month to toughen penalties on airlines, shore up the complaint process and target flight disruption loopholes that have allowed airlines to avoid traveler compensation. The amendments to the Air Passenger Protection Regulations spell out the circumstances when an airline would not have to compensate customers, narrowing the field so that most technical problems will no…
Business News

Meta’s Threads is now the fastest-growing platform after 100 million users signed up in the first five days

Meta’s Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. Threads have been setting records for user growth since its launch on Wednesday, with celebrities, politicians and other newsmakers joining the platform seen by analysts as the first serious threat to the Elon Musk-owned social media app. “That’s mostly organic demand, and we haven’t even turned on many promotions yet,” Zuckerberg said in a Threads post announcing the milestone. The app’s sprint to 100 million users was much faster than…
Business News

BC port strike hurting hundreds of small businesses: CFIB

Breadcrumb Trail Links Transportation Small Business News entrepreneur economy Critical shipments getting caught up in the dispute, small businesses say Get the latest from Naimul Karim straight to your inbox Signup Published July 11, 2023 • 3 minute read An empty pallet at the Port of Vancouver. More than half of small businesses surveyed by CFIB say the strike at British Columbia’s ports is impacting their operations. Photo by Jason Payne/PNG Article content As the strike at the ports of British Columbia stretches into its 11th day, more than half of 1,400 Canadian small business owners surveyed by the Canadian…
Business News

Merger talks between Postmedia and Toronto Star owner fall apart

Talks to combine two of the biggest newspaper publishers in Canada have fallen apart. Postmedia Network Canada Corp. and Nordstar Capital LP — the majority owner of The Toronto Star and dozens of other smaller newspapers under the Metroland banner — announced late last month that they had entered non-binding discussions about possibly merging. The framework of the proposed merger would have seen Postmedia transfer its dozens of newspaper titles over to Metroland, with voting control of the new entity split 50-50 between the two sides. But on Monday, the two sides announced that those talks had broken down, that…
Business News

Microsoft to lay off more employees months after letting 10,000 workers go

Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year. The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also disclosed a small number of cuts this time last year. GeekWire reported on the latest cuts earlier Monday. Amazon, Google and other large technology companies have also scaled back this year after adding headcount rapidly to meet rising demand during the Covid pandemic. Microsoft has said in recent months that clients are looking for ways to save money on their cloud computing…
Business News

Watchdog probing claims that Nike Canada, a gold company benefiting from forced Uyghur labour

Canada’s watchdog for corporate wrongdoing says she has enough to launch an investigation of allegations that Nike Canada and a gold mining company are benefiting from the forced labor of Uyghurs in China. It’s the first time the office of the Canadian Ombudsperson for Responsible Enterprise (CORE) has launched an investigation since the federal government appointed Sheri Meyerhoffer to the role in April 2019. “These are very serious issues that have been brought to our attention,” Meyerhoffer said Tuesday. “Canadian companies are expected to respect Canadian standards for human rights and environmental protection when they work outside of Canada.” A…
Business News

Canadians facing financial pressures ahead of the Bank of Canada decision

Breadcrumb Trail Links Retirement Personal Finance News economy More Canadians likely to declare bankruptcy, saving for retirement pushed to back burner Published July 11, 2023 • Last updated 3 hours ago • 3 minute read A woman walks past the Bank of Canada headquarters in Ottawa. Photo by Adrian Wyld/The Canadian Press files Article content Having exhausted their savings, Canadians are now struggling on a series of financial fronts, according to the latest reading from an ongoing poll that is being released on the eve of the Bank of Canada’s interest rate decision. Advertisements 2 This advertisement has not been…
Business News

Efficient Thermal Analysis of Lab-Grown Diamond Heat Spreaders: Enhancing Heat Dissipation with Lab-Made Diamonds 

In various industries, the need for efficient thermal management is paramount, particularly in electronic devices and high-power applications where heat dissipation is crucial. Lab-grown diamonds, also known as lab made diamonds, have emerged as a remarkable solution for heat spreaders due to their exceptional thermal conductivity. In this article, we delve into the efficient thermal analysis of lab-grown diamond heat spreaders and their role in enhancing heat dissipation.  Lab-grown diamonds are synthesized in controlled laboratory environments using advanced technologies. These diamonds possess the same crystal structure as natural diamonds, comprising carbon atoms arranged in a highly organized lattice structure. However,…