TOLEDO, Ohio/WASHINGTON (Reuters) -The United Auto Workers will seek a speedier recognition from GM that does not require a vote to represent hourly workers in the automaker's growing stable of U.S. joint-venture battery plants, the union said on Friday. UAW President Ray Curry, speaking at an event in Toledo, Ohio, where GM announced it will invest $760 million, said the union will seek "card check" authorization that bypasses a secret ballot vote. Under that process, a majority of plant hourly workers could simply sign cards supporting the union, and once certified an election would not be necessary.
(Reuters) -Japanese Prime Minister Fumio Kishida said on Thursday his country will ease COVID-19 border control requirements next month, a key step in fostering a recovery in Japan's tourism sector, which is eager to take advantage of the yen's slide to a 24-year low. Japan has maintained some of the strictest border measures among major economies since the pandemic's onset, having effectively blocked entry to visitors for two years until it began a gradual reopening in June. Kishida's announcement, made during a speech at the New York Stock Exchange, follows a pledge he made in May that Japan would bring its border controls more in line with other Group of Seven nations.
South Korean battery maker LG Energy Solution said on Friday it has signed agreements on lithium and cobalt sourcing with three Canadian mining firms in a bid to expand its footprint in North America. The Tesla supplier said in a statement the agreements were part of an effort to expand mid- to long-term supply contracts with companies that mine and process key battery materials in North America. The U.S. Inflation Reduction Act (IRA), signed into law by U.S. President Joe Biden in August, requires a percentage of critical minerals used in electric vehicle (EV) batteries come from the United States or an American free-trade partner.
TORONTO — Glencore International AG is increasing its stake in Yamana Gold Inc.'s Mara project with a deal to buy Newmont Corp.'s 18.75 per cent interest. Yamana will remain the Mara joint venture operator with a 56.25 per cent interest, while Glencore will own the remaining 43.75 per cent once the deal is complete. Under the terms of the agreement, Glencore will pay Newmont US$124.9 million upon closing and a US$30-million deferred payment upon commercial production that is subject to an annual
A busy week of environmental response training ended in celebration with a community open house event in Iqaluit, Nunavut, last week.
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Unfortunately due to the rise of cannabis store closures on the horizon in the Ontario cannabis marketplace, Leafythings has discovered the lack of an efficient orderly closure program existing for struggling retailers and is proposing a retailer support program.
The creator economy is growing as more homegrown creators turn content into cash
Actions by Facebook and its parent Meta during last year's Gaza war violated the rights of Palestinian users to freedom of expression, freedom of assembly, political participation and non-discrimination, a report commissioned by the social media company has found. The report Thursday from independent consulting firm Business for Social Responsibility confirmed long-standing criticisms of Meta's policies and their uneven enforcement as it relates to the Israeli-Palestinian conflict: It found the
TORONTO — Rising fears around future economic growth weighed heavily on markets Friday, pushing Canada's main stock index sharply down along with the commodities that underpin so much of it, while U.S. markets also dropped. The S&P/TSX composite index ended down 521.70 points, or 2.75 per cent, at 18,480.98 in broad-based declines led by the energy sector, while U.S. markets were down about 1.7 per cent, as investor worries about rising rates reached new heights. "The Fed and other central banks
(Reuters) -The blue-chip Dow Jones Industrial Average tumbled to its lowest level since November 2020 on Friday, but narrowly missed ending more than 20% below its Jan. 4 closing record high. A Dow close below 29,439.72 would have confirmed a bear market that began from that record, according to a widely used definition. The Dow fell 486.27 points, or 1.62%, to end at 29,590.41.
LINE FRIENDS – one of the world's fastest-growing character brands – is bringing extra joy and cuteness this fall with a new pop-up store in Montréal.
WASHINGTON (AP) — The U.S. is outlining its goals for a new trade deal with Australia, Japan, South Korea and nine other nations meant to signal the country's commitment to working with the Indo-Pacific region at a time of growing Chinese clout. The Office of the U.S. Trade Representative on Friday released its negotiating objectives for the Indo-Pacific Economic Framework, a deal with the 12 nations launched in May. Among them, the U.S. wants the Indo-Pacific countries to improve their labor an
French industrial group Schneider Electric on Wednesday said it would proceed with a full takeover of the British software company, offering 31 pounds per share. The statement resonates with another investor in Aveva, M&G Investments.
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Canada's resource-heavy main stock index posted its biggest decline in more than three months on Friday and the Canadian dollar extended its recent decline as oil prices tumbled and investors grew more worried about the global economic outlook. The Toronto Stock Exchange's S&P/TSX composite index ended down 521.70 points, or 2.8%, at 18,480.98, its biggest decline since June 16 and its lowest closing level in more than two months. For the week, the TSX lost 4.7% as worries about the economic impact of central bank tightening overshadowed domestic data showing an easing of inflation pressures.
WASHINGTON (AP) — Treasury Secretary Janet Yellen heads to the Durham, North Carolina, area next Tuesday as part of her ongoing tour to promote the Biden administration's legislative agenda ahead of the midterm elections. Visiting a state with several tight races in the offing, Yellen will focus on record climate investments of $375 billion over the next decade through the so-called Inflation Reduction Act. Yellen plans to tour a renewable energy facility, meet with local business leaders and el
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High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that it has ranked 21st out of 430 companies on the 2022 Report on Business ranking of Canada's Top Growing Companies.
FYidoctors is pleased to announce it has been named one of Canada's Top Growing companies on the 2022 Report on Business annual ranking, unveiled today. The organization earned its place on the prestigious list by generating a three-year growth rate of more than 65%. Moreover, it is the only company in the optical and eye care industry to make this year's ranking.