Social media posts are showing hundreds of people lining up to hand in resumés to potential employers, with comments wondering if there's a dire shortage of jobs. Mikal Skuterud, a professor of economics at the University of Waterloo and director of the Canadian Labour Economics Forum, says that's not the …
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Alberta coal policy changes triggers joint lawsuit from coal companies
A trial date has been set for early 2025 to sort out whether Alberta is liable for billions in compensation due to policy changes for coal development in the province. 4 separate statements of claim consolidated into single trial to start in early 2025 A trial date has been set …
Read More »NLEX, BPI sign P10-B term loan facility
The NLEX Corporation announced that it has signed a 10-year term loan facility agreement worth P10 billion with the Bank of the Philippine Islands (BPI) in order to finance its projects for its expressways. In a statement, NLEX Corp. stated that the P10 billion will be used to “partially fund …
Read More »P81-B offshore wind project enters green lane
The Board of Investments’ (BOI) One-Stop Action Center for Strategic Investments (OSACSI) has approved a green lane processing for the P81.675 billion offshore wind power project of Ivisan Windkraft Corporation. Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo said the project was approved for green lane processing on Dec. …
Read More »Canada’s economy stalled again in October but likely up 0.1% in November
Canada's economy was essentially unchanged for the third consecutive month in October, but gross domestic product likely edged up in November, Statistics Canada data showed on Friday. September GDP was revised to zero growth from an initial report of 0.1% growth Canada's economy was essentially unchanged for the third consecutive …
Read More »Freeland approves RBC’s $13.5B takeover of HSBC Canada with conditions
Finance Minister Chrystia Freeland has approved RBC's $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Approval stipulates no firings of HSBC Canada's employees within 6 months of closing date Finance Minister Chrystia Freeland has approved RBC's $13.5-billion …
Read More »HSBC sale to RBC ‘a sad day for Canadian mortgage consumers,’ expert says
Finance Minister Chrystia Freeland has approved RBC's $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Approval stipulates no firings of HSBC Canada's employees within 6 months of closing date Finance Minister Chrystia Freeland has approved RBC's $13.5-billion …
Read More »Montreal-based Pornhub owner reaches deal with U.S. prosecutors over ties to alleged sex trafficking
The company that owns and operates adult entertainment websites including Pornhub.com has reached a deferred prosecution agreement with the U.S. Justice Department over its ties to an alleged sex trafficking operation, court records showed. Aylo knew proceeds from its websites stemmed from illegal activity, says U.S. Justice Department The Montreal-based …
Read More »The pursuit of transformation and market dominance
On the 15th of December, HAIER Southeast Asia held the 2023 Dealer Conference in Bangkok, Thailand, inviting over 1000 dealers to gather under the banner of “Inspire the Future Dream”. HAIER Smart Home has upgraded its strategy in Southeast Asia, driving its strong growth for three consecutive years. Despite having …
Read More »Metro Pacific subjects Axelum acquisition to profitability targets
Metro Pacific Investments Corporation (MPIC), through wholly-owned subsidiary Metro Pacific Agro Ventures Inc. (MPAV), has amended its agreement to acquire a strategic stake in coconut products producer Axelum Resources Corp. by subjecting the acquisition to profitability targets. While Axelum disclosed to the Philippine Stock Exchange (PSE) that it has sealed …
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