LONDON – Brewers in the United Kingdom are cutting the alcohol content — but not the price — of several of their most popular beers in what’s been described as another example of “shrinkflation.” Greene King, a major UK brewer and pub chain, has cut the ABV, or alcohol content, of its popular Old Speckled …
British brewers sell weaker beer but don’t cut prices Read More »
OTTAWA – The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January. The central bank’s key interest rate has not been this high since April 2001. Several factors led to the bank’s decision to raise the key interest rate, …
Two weeks ago today we bade farewell to everyone’s favorite oedipal billionaires as the final episode of “Succession” wrapped up. The show’s immense cultural impact is due to many factors: top-class writing, heart-rending performances, and the sheer power Brian Cox could load into the letter ‘F’ all they played their part. At its heart, the …
After faltering about a decade ago in her ambitions to lead the Wildrose Party to power in Alberta, Danielle Smith found redemption on Monday night as leader of the United Conservative Party with a majority victory in the provincial election. Smith became premier in October after winning the UCP leadership vote in the wake of …
Smith faces a slew of financial challenges in Alberta after election victory Read More »
The government has announced new details of an agreement with Visa and MasterCard that will see them lower the amount that they charge retailers when a customer pays for a purchase with a credit card. Known as so-called interchange fees, they have long irritated merchants by allowing the credit card company to keep a percentage …
Visa and MasterCard agreed to lower the average credit card interchange fee below 1% Read More »
UPDATE: After this story was originally published, Wrexham Football Club — which Ryan Reynolds and actor Rob McElhenney bought in 2021 — qualified for the fourth tier of the English football league system. The business of Ryan Reynolds is booming. He bought into Montreal payment technology company Nuvei this week. He recently sold Mint Mobile …
How Ryan Reynolds became Canada’s unlikeliest business mogul Read More »
Shares in Tupperware have tumbled to their lowest level on record as the iconic food storage company warned investors that it is in danger of going out of business. The company’s stock price fell by 50 per cent on Monday after the company said in a press release over the holiday weekend that it has …
Tupperware shares tank as company warns it may go out of business Read More »
Photo: The Canadian Press National Public Radio is quitting Twitter after the social media platform owned by Elon Musk stamped NPR’s main account with labels the news organization says undermine its credibility. Twitter labeled NPR’s main account last week as “state-affiliated media,” a label also used to identify media outlets that are controlled or heavily …
NPR quits Elon Musk’s Twitter over ‘government-funded’ label – Business News Read More »
Tesla sales rise 36% Tom Krisher, The Associated Press- Apr 2, 2023 / 9:47 am | Stories: 419217 Photo: The Canadian Press Tesla’s first-quarter vehicle sales rose 36% after the company cut prices twice in a bid to stimulate demand. The electric car, SUV and heavy truck maker said it delivered 422,875 vehicles worldwide from …
Tesla sales rise 36% in first quarter, following price cuts – Business News Read More »
Photo: The Canadian Press File – Federal Reserve chair Jerome Powell speaks during a news conference, Wednesday, Feb. 1, 2023, at the Federal Reserve Board in Washington. With inflation still high and anxieties gripping the banking industry, the Federal Reserve and its chair, Jerome Powell, will face a complicated task at their latest policy meeting …
Fed raises key rate by quarter-point despite bank turmoil – Business News Read More »
