Business World

Omegle, a video chat service that connects users with strangers at random, is shutting down after 14 years following allegations of misuse of the platform — particularly the sexual abuse of minors. Critics say platform has become breeding ground for exploitation Omegle, a video chat service that connects users with …

Canadian Tire Corp. Ltd. has cut about three per cent of its corporate work force as it responds to softening consumer demand. Retailer cites 'softening consumer demand' for decision to scale back Canadian Tire Corp. Ltd. has cut about three per cent of its corporate work force as it responds …

San Miguel Brewery Inc. (SMB), San Miguel Corporation’s privately-held brewing unit, reported a 20.2 percent hike in consolidated net income to P19.4 billion in the first nine months of 2023 versus the same period last year. In a statement, the firm said its performance was driven mainly by higher volumes …

Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further. At recent meeting, some argued more hikes are needed while others say current level is enough Further interest rate hikes …

Quebec Finance Minister Eric Girard unveiled his economic update today. With the province's economic growth expected to remain sluggish, spending outlined in the mini-budget is aimed at food banks, social housing and dealing with the impact of climate change. Economic update includes small tax breaks and millions for food banks, …

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office-sharing company once seen as a Wall Street darling. Company enters restructuring agreement to 'drastically reduce' debt WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office-sharing company once seen as …

Stellantis workers represented by Unifor have a new collective agreement, the union announced Monday evening. Production workers ratified by agreement by 60% Stellantis workers have voted to accept a new collective agreement, a move that caps off Unifor's 2023 auto contract negotiations, which have secured double-digit wage increases for employees …

Canada's national telecommunications regulator says it will allow independent competitors to sell internet services over the large telephone companies' fibre networks in Ontario and Quebec. Regulator says its review found a significant competitive decline in Ontario and Quebec Canada's national telecommunications regulator says it will allow independent competitors to sell …

Canada's corporate ethics czar says it has launched a fact-finding investigation into allegations that Zara Canada Inc. is working with companies that use forced labour in China. Investigation stems from complaints made by 28 civil society organizations Canada's corporate ethics czar says it has launched a fact-finding investigation into allegations …

The Board of Investments (BOI), the country’s lead investment promotion agency, said on Nov. 2 that it reached the P1.07 trillion investment approvals from January to October, translating to an 86-percent growth from last year’s P576.21 billion for the same period. BOI is inching closer to hitting its P1.5 trillion …