NEW YORK (AP) — Saudi Arabia appears to be leaving behind the stream of negative coverage that the killing of Jamal Khashoggi elicited since 2018. The kingdom is once again being enthusiastically welcomed back into polite and powerful society, and it is no longer as frowned upon to seek Saudi investments or accept their favor. Saudi Arabia’s busy week of triumphs included brokering a prisoner swap between Ukraine and Russia, holding a highbrow summit on the sidelines of the U.N. General Assembly
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BERLIN (AP) — German Chancellor Olaf Scholz arrived Saturday in Saudi Arabia for the first stop of a two-day, three-country visit to the Middle East aimed at striking new energy deals and forging fresh alliances amid the economic and geopolitical turmoil resulting from Russia’s invasion of Ukraine. The German government has scrambled to wean Europe's biggest economy off Russian oil, coal and gas since coming to office last December. While imports from Russia have declined sharply since then, the
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The union for Sunwing Airlines pilots said it is urging Canada's government to stop a plan by the Ontario-based leisure carrier to hire foreign pilots this winter to help cope with an expected holiday travel surge. Airline industry use of foreign pilots as aviation rebounds from the COVID-19 pandemic is sensitive for unions in Canada and the United States. "It's a punch in the face," Barret Armann, president of the union local that represents Sunwing pilots, said of the plan to hire non-Canadian pilots, adding that Labor Minister Seamus O'Regan "needs to step in and stop this."
Expect an ugly open to Asian markets on Monday as investors try to shield themselves from the fallout from the widespread selling that battered stocks, bonds, and currencies on Friday. The historic rout in UK bonds and sterling took center stage on Friday but at the heart of the gloom shrouding world markets is the Fed's drive to raise rates far higher than most people had bargained for, and the effect that is having on global rates. The dollar's 'wrecking ball' status is being painfully felt in Asia, where several currencies have sunk to multi-year or record lows, and central banks have intervened to try and stop the rot.
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Grab, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. Chief Operating Officer Alex Hungate said that earlier in the year, Grab had been worried about a global recession and was "very careful and judicious about any hiring", and as a result, it had not got to the "desperate" point of a hiring freeze or mass layoffs. "Around mid-year, we did some kind of specific reorganisations, but I know other companies have been doing mass layoffs, so we don't see ourselves in that category," Hungate, 56, told Reuters in his first interview since joining Singapore-based Grab Holdings Ltd in January.
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Yesterday's Lotto Max draw saw 2 Maxmillions prizes (worth $1 million each) awarded to holders of selections sold in Québec. In the Tuesday, September 27 draw, the prize pool will amount to 103 million and include a $70 million jackpot and an estimated 33 Maxmillions.
Displaying a remarkable period of sustained growth, Toronto-based CRM and 1:1 customer experience agency William Thomas Digital (WTD) has once again been named one of Canada's Top Growing Companies by The Globe and Mail.
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Instacart in May said it had confidentially filed with the U.S. securities regulator to go public, not long after slashing its valuation by 40% to about $24 billion following market turbulence. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding mid-year performance reviews, according to the report. The report added that Instacart has fired at least three senior-level employees in recent weeks but it does not include any departures from the company's top management positions.
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