Fear over credit quality in U.S. regional banks rippled through markets on Friday, dragging global financial stocks lower for a time before they regained their losses, and reviving memories of the crisis of confidence that shook sentiment just over two years ago.
For decades, Taiwan‘s government, tech sector and education system have been working together to become the world leader in making microchips. But the island remains under threat from China, and Taiwanese are asking how their global prominence can help.
CoolIT Systems, a specialist in liquid cooling for AI data centres, is set to be acquired by U.S. company Ecolab for $4.75 billion US, in what’s being called one of the city’s biggest tech deals of all time. As part of the acquisition, the company’s 650 employees will receive substantial cash payouts.
Nestle is cutting 16,000 jobs globally as part of efforts to revive its financial performance.
Canadian Tire acquired HBC’s intellectual property, including the striped blanket design, earlier this year for $30 million as part of the wind down of the retailer.
Canadian housing starts rose 14 per cent in September compared with the previous month, a sharper increase than expected, data from the national housing agency showed on Thursday.
The drop in sales came despite an interest rate cut in September. But an economist says the figures aren’t worrying when compared to recent years.
Several ads on Amazon for tank tops that use the term “wife beater,” a phrase deemed offensive by Canada’s advertising watchdog, have been pulled from the retail giant’s Canadian website following a CBC News investigation. Amazon told CBC it has no issues with the phrase and said third-party sellers must have acted on their own initiative.
The federal government is threatening automaker Stellantis with legal action if the company doesn’t “respect its obligations” to Canadians, according to a letter obtained by CBC News, years after the company agreed to an auto pact promising billions of dollars in performance incentives.
Alberta beef is now stocked in the meat section of Costco Mexico’s 41 locations, joining a host of other Canadian products on the shelves of the retail giant in the country. Agriculture Minister Heath MacDonald was on hand for a ribbon cutting in front of a Costco cooler filled with prime Alberta cuts during a weeklong visit to the country.