This is Xu Lei. Since the start of 2022, we have seen many challenges arise in our external environment, including the COVID resurgence, supply chain disruptions, and soft consumer sentiment, among others.
E-commerce warehouse workers at HBC Logistics have voted overwhelming at 80% to accept a new tentative agreement, ending a nine-day strike action.
Help is coming for many people with medical debt on their credit reports. Starting Friday, the three major U.S. credit reporting companies will stop counting paid medical debt on the reports that banks, potential landlords and others use to judge creditworthiness. The companies also will start giving people a year to resolve delinquent medical debt that has been sent to collections before reporting it — up from six months previously. Next year, the companies also will stop counting unpaid medica
As China loosens its months-long COVID-19 curbs, railway travel is expected to see an uptick in passengers just in time for the summer transport season, which starts on July 1. The national railway is also opening new stations such as the Xiangwan section of the Zhengzhou-Chongqing high-speed railway, the Puzheng section of the Jizheng high-speed railway, the Heruo Railway, and the Beijing Fengtai Station. Last year, passenger trips on the national railway network totalled 462 million during the summer season, which falls during a 62-day period ending Aug. 31.
Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce the latest assay results from the Company's ongoing drill program (the "Drill Program") at its 100%-owned Georgia Lake lithium project in the Thunder Bay Mining District of Ontario (the "Georgia Lake Project").
Hyundai Motor Co has decided to delay the launch of its upgraded hydrogen-powered Nexo SUV to 2024 due to issues with its fuel cell development, a South Korean newspaper reported on Wednesday, citing the auto parts industry. The South Korean automaker had planned to kick off mass production and sales of its new Nexo in the second half of next year, but has decided to postpone to 2024, the Seoul Economic Daily reported. The Nexo was launched in 2018.
WASHINGTON (Reuters) -Alphabet Inc's Google has agreed to pay $90 million to settle a legal fight with app developers over the money they earned creating apps for Android smartphones and for enticing users to make in-app purchases, according to a court filing. The app developers, in a lawsuit filed in federal court in San Francisco, had accused Google of using agreements with smartphone makers, technical barriers and revenue sharing agreements to effectively close the app ecosystem and shunt most payments through its Google Play billing system with a default service fee of 30%. As part of the proposed settlement, Google said in a blog post it would put $90 million in a fund to support app developers who made $2 million or less in annual revenue from 2016-2021.
While travel demand has surged, the airline's stock has yet to see a substantial recovery.
The U.S. Federal Communications Commission on Thursday authorized Elon Musk's SpaceX to use its Starlink satellite internet network with moving vehicles, green-lighting the company's plan to expand broadband offerings to commercial airlines, shipping vessels and trucks. Starlink, a fast-growing constellation of internet-beaming satellites in orbit, has long sought to grow its customer base from individual broadband users in rural, internet-poor locations to enterprise customers in the potentially lucrative automotive, shipping and airline sectors. "Authorizing a new class of terminals for SpaceX's satellite system will expand the range of broadband capabilities to meet the growing user demands that now require connectivity while on the move," the FCC said in its authorization published Thursday, echoing plans outlined in SpaceX's request for the approval early last year.
Almost two thirds of Canadians say it's important to contribute to a greener future with their car, according to a recent study. Permanent shifts in work routines, rising gas prices, and new family priorities have transformed many Canadians views on mobility, with half now expecting to buy a plug-in hybrid or electric vehicle as their next vehicle purchase.
In the latest offer on June 27, JetBlue included a ticking fee of 10 cents per Spirit share, raising the deal value to $34.15 per share. Spirit Airlines on Wednesday deferred a shareholder vote on Frontier Group Holdings Inc's merger offer for the budget carrier until next week. Frontier also raised its bid for Spirit last week.
As Canada welcomes an unrestricted number of refugees from Ukraine and 40,000 refugees from Afghanistan, today 22 major companies have committed to creating economic opportunities for these newcomers as they restart their lives across the country.
OTTAWA — Economic growth slowed in April and Statistics Canada said Thursday its early estimate for May pointed to a contraction for the month amid weakness in the resource, manufacturing and construction sectors. The agency said growth in April was led by the mining, quarrying and oil and gas extraction sector and client-facing industries as real gross domestic product advanced 0.3 per cent for the month compared with a 0.7 per cent gain in March. However, its early estimate for May indicated a
Canon Canada Inc., a leader in digital imaging solutions, is excited to announce the second year of its creative mentorship program, FUTURES by Canon Creator Lab. The program aims to equip creative young adults (ages 18-24) with the practical tools and business know-how to thrive and succeed in the creative economy. Through leveraging an extensive network of photo, video and content professionals, FUTURES provides participants with mentorship from some of Canada's leading creators who've blazed
If you are having trouble keeping track of all the consumer boycotts swirling around, you are not alone. A quarter of Americans are boycotting a product or company they had spent money on in the past, according to a recent survey from online loan marketplace LendingTree. Whether because of political differences, or stances on social issues, or concerns about environmental impact, people are expressing themselves not only with their voices, but with their wallets.
The mediation process in the proposed telco merger could lead to more concessions and conditions before the competition watchdog grants an approval. The post $20 Billion Telco Merger: More Concessions and Conditions Ahead? appeared first on The Motley Fool Canada.
It's been a torrid first half for emerging market assets and with the Federal Reserve kicking off its tightening cycle amid soaring inflation shock waves might be on the horizon. Adding to that are supply chain problems out of China, a war in Europe's bread basket, stalling global growth and fears that the world's largest economy could tip into recession - all casting a pall over riskier assets. Data from the Institute of International Finance (IIF) showed that small inflows into emerging market debt for the year until end-May were almost all offset by outflows from equities.
(TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that it has received a dividend from Prime Oil and Gas Cooperatief UA ("Prime"). The Company has a 50% shareholding in Prime. View PDF Version
TORONTO — Allan Small said the first half of 2022 has proven to be the worst run of his 25-year investment career. Canada's main stock index concluded its weakest quarter since before the pandemic while U.S. markets endured their worst six-months runs in decades on fears that rising interest rates will throw the economy into recession. "As we hit the mid-point of the year, when you look back I think the first part of the year will be known for just a bloodbath in the markets," the senior investm
The Cheerios maker also raised its quarterly dividend, sending shares up 5.5% on Wednesday as demand for its breakfast cereals, snack bars and pet food held steady despite the price hikes. "As consumers become more concerned about the economic reality, the first thing they tend to do is eat more at home," Chief Executive Officer Jeff Harmening said. Barclays analyst Andrew Lazar said the outlook suggests a level of confidence in its ability to manage inflation despite the prevailing investor view that the pricing window for the packaged food industry has all but effectively shut.
HONG KONG (AP) — When the British handed Hong Kong to Beijing in 1997, it was promised 50 years of self-government and freedoms of assembly, speech and press that are not allowed on the Communist-ruled Chinese mainland. As the city of 7.4 million people marks 25 years under Beijing's rule on Friday, those promises are wearing thin. Hong Kong's honeymoon period, when it carried on much as it always had, has passed, and its future remains uncertain, determined by forces beyond its control. Before
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