PRESS DIGEST- New York Times business news

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26 Extremelyyyyyy Useful Industry Hacks That Companies Don't Want Customers To Know
"I've flown round trip to Chicago for $30, Houston for $45, Miami for $50, etc."
The Canadian Press
Stripper sues Florida over new age restrictions for workers at adult entertainment businesses
TALLAHASSEE, Fla. (AP) — A 19-year-old and the club where she worked as a stripper have sued Florida’s attorney general and two local prosecutors to stop enforcement of a new state law prohibiting adult entertainment businesses from employing people who are under 21, claiming it violates their constitutional rights.
GOBankingRates
4 Ways for Boomers to Make Extra Money Without Finding a New Full-Time Job
About 60% of baby boomers are now retired, according to the Transamerica Center for Retirement Studies -- and many of these boomers are struggling financially. Data from the ALI Retirement Income...
The Canadian Press
These companies have laid off Canadian workers in 2024
Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.
GOBankingRates
5 Types of Jobs That Will Have Massive Openings Once Boomers Retire
New high school graduates may be contemplating their post-college career path. The labor market may change significantly by the end of this decade. In 2020, 29 million baby boomers retired, according...
The Canadian Press
Waterloo software firm OpenText cuts 1,200 jobs as part of business optimization plan
OpenText Corp.'s chief executive says the company plans to shed about 1,200 roles as part of a business optimization plan.
The Canadian Press
Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
TANGIERS, Morocco (AP) — After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco.
The Canadian Press
OMERS selling LifeLabs to Quest Diagnostics in deal valued at $1.35B
TORONTO — Ontario pension fund manager OMERS has signed a deal to sell medical lab company LifeLabs to U.S.-based firm Quest Diagnostics in a deal valued at $1.35 billion including debt. Quest Diagnostics chairman and CEO Jim Davis says the deal is based on the belief that the company can help LifeLabs accelerate growth and improve health care. OMERS purchased LifeLabs in 2007 and helped grow the business. Under the deal, the companies said LifeLabs will retain its brand, Canadian headquarters a
Reuters
German car industry urges EU to drop tariffs on China-made cars
BERLIN (Reuters) -Germany's VDA auto association has urged the European Commission to drop its planned tariffs on China-made electric vehicles in a last-ditch effort to influence negotiations ahead of the tariffs which take effect on Thursday. The association said in a statement on Wednesday the tariffs would hurt European and U.S. carmakers exporting from China and risked retaliation by China with counter-tariffs, which would hit the German industry hard given its high volume of exports to China.
Reuters
China EV makers brace for tariffs as Beijing, EU engage in talks
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. "The Chinese EV brands' march into Europe will continue on," said Lei Xing, founder of consultancy AutoXing. China and the European Commission have been in negotiations since last week over the curbs that Beijing and some European automakers want scrapped.
Fortune
India’s human rights watchdog targets Foxconn over claims the Apple supplier refused to hire married women
An investigative report last week claimed Foxconn hiring agents excluded married woman from assembly-line jobs, citing family duties and absenteeism.
The Canadian Press
Contractor Aecon settles dispute with Coastal GasLink over pipeline construction
Shares of Aecon Group Inc. were down more than 15 per cent as of mid-afternoon Tuesday in the wake of news that the infrastructure company has reached a settlement in its ongoing dispute with Coastal GasLink.
The Canadian Press
Turkmenistan and Iran sign deal to supply gas to Iraq. Iran will build pipeline to aid delivery
ASHGABAT, Turkmenistan (AP) — Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq.
Bloomberg
China’s Plastics Boom Is Set to Create Another Trade Headache
(Bloomberg) -- A surge of Chinese plastic supply is threatening to overflow in the face of weak domestic demand, morphing into a fresh trade challenge for the rest of the world.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeTrump Immunity Ruling Means Any Trial Before Election UnlikelyBeryl Becomes Earliest Ever Category 5 Hurricane in Atlantic‘Upflation’ Is the Latest Retail Trend Driving Up Prices for US ConsumersTrump Seeks to Toss NY Felony Conviction A
South China Morning Post
Tesla holds on to crown as world's top pure EV maker but BYD draws closer in title race
Tesla retained its title as the world's largest pure electric vehicle (EV) maker after beating sales forecasts for the April to June period but its lead over its competitors is narrowing as Chinese manufacturers launch an array of models at cheaper prices. The Austin, Texas-based company delivered 443,956 vehicles to customers during the quarter, beating a median forecast of 439,302 units in a Bloomberg survey of analysts, edging out BYD, backed by Warren Buffett's Berkshire Hathaway, which chur
Reuters
Walmart has held talks to sell its shuttered medical clinics, Fortune reports
In April, Walmart decided to close all 51 of its health clinics and shut its virtual healthcare operations, saying it could not see them as a sustainable business model to continue. The report added that some of the talks have involved health insurance companies, including Fortune 50 firm Humana. Although it is unclear whether any of the talks are ongoing, Walmart has made it clear through the process that it is attempting to recoup some of its massive investment in the clinics through a sale or other takeover arrangement, the report added.
South China Morning Post
Tencent boosts AI training efficiency without Nvidia's most advanced chips
Tencent Holdings has upgraded its high-performance computing (HPC) network, with an improvement to its artificial intelligence (AI) capabilities, as Chinese tech giants seek ways to boost large language model (LLM) training with existing systems and equipment amid a domestic push for technological self-reliance. The 2.0 version of Tencent's Intelligent High-Performance Network, known as Xingmai in Chinese, will improve the efficiency of network communications and LLM training by 60 per cent and
POWER Magazine
Group Expects Huge Jump in Global Revenue for Hydrogen-Capable Gas Turbines
A new report from Guidehouse Insights, the Colorado-based dedicated market intelligence arm of Guidehouse, estimates global revenue for hydrogen-capable gas turbines (HGTs) will grow to more than $7 billion by […]
The Conversation Canada
Young Canadians prefer in-person and hybrid work, according to a new report
The stereotypes around young people only caring about being online are rampant but they are worth questioning — or at least being put in context.
Reuters
Drugmakers' appeal to end Zantac cancer lawsuits rebuffed by judge
A Delaware judge rebuffed a request by GSK and other drugmakers to appeal a ruling allowing more than 70,000 lawsuits claiming that the heartburn drug Zantac caused cancer to go forward. The ruling by Judge Vivian Medinilla of the Delaware Superior Court means that the drugmakers, which also include Pfizer, Sanofi and Boehringer Ingelheim, will have to ask the Delaware Supreme Court directly for permission to appeal. If the state high court declines to take the appeal, it will clear the way for the Zantac lawsuits to go to trial.

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PRESS DIGEST- New York Times business news - May 9

Latest Stories

26 Extremelyyyyyy Useful Industry Hacks That Companies Don't Want Customers To Know

Stripper sues Florida over new age restrictions for workers at adult entertainment businesses

4 Ways for Boomers to Make Extra Money Without Finding a New Full-Time Job

These companies have laid off Canadian workers in 2024

5 Types of Jobs That Will Have Massive Openings Once Boomers Retire

Waterloo software firm OpenText cuts 1,200 jobs as part of business optimization plan

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

OMERS selling LifeLabs to Quest Diagnostics in deal valued at $1.35B

German car industry urges EU to drop tariffs on China-made cars

China EV makers brace for tariffs as Beijing, EU engage in talks

India’s human rights watchdog targets Foxconn over claims the Apple supplier refused to hire married women

Contractor Aecon settles dispute with Coastal GasLink over pipeline construction

Turkmenistan and Iran sign deal to supply gas to Iraq. Iran will build pipeline to aid delivery

China’s Plastics Boom Is Set to Create Another Trade Headache

Tesla holds on to crown as world's top pure EV maker but BYD draws closer in title race

Walmart has held talks to sell its shuttered medical clinics, Fortune reports

Tencent boosts AI training efficiency without Nvidia's most advanced chips

Group Expects Huge Jump in Global Revenue for Hydrogen-Capable Gas Turbines

Young Canadians prefer in-person and hybrid work, according to a new report

Drugmakers' appeal to end Zantac cancer lawsuits rebuffed by judge