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World Business News
Do unions at Starbucks mean the labour movement is picking up steam?
With seven years of experience as a barista, Sarah Broad knows how to make all kinds of coffee. Now the Starbucks worker also knows what it feels like to be a union member and the face of a growing campaign by the United Steel Workers…
Air Canada to make ‘meaningful reductions’ to summer flights
Air Canada says it's making "meaningful reductions" to its scheduled flights in July and August, in response to a series of challenges the wider airline industry is facing amid soaring demand for travel.In a statement Wednesday, Michael…
Summer of labour unrest expected as inflation soars and contracts run out
Canada could face a summer of strikes and other labour disruptions as workers demand cost-of-living increases and better conditions than those seen throughout the past two years of the pandemic, say union officials and other observers. …
FCC asks Google, Apple to remove TikTok due to data privacy concerns at Chinese-owned company
A commissioner with the U.S. communications regulator is asking Apple and Google to consider banning TikTok from their app stores over data security concerns related to the Chinese-owned company.Brendan Carr, a commissioner with the …
Airbnb makes ban on party houses permanent
Airbnb is making permanent its ban on parties at homes listed on the site for short-term rentals.The San Francisco-based company believes the ban has worked, saying Tuesday that reports of parties at listed properties have dropped 44 per…
Accounting firm EY to pay $100M US fine after auditors caught cheating on exams
Accounting firm Ernst & Young will pay $100 million US to settle U.S. Securities and Exchange Commission (SEC) charges that its auditors cheated on certified public accounting (CPA) exams and that it misled the agency's…
Risk of recession high but Alberta could avoid worst impacts, says Mark Carney
The United States is facing an "uncomfortably high" risk of falling into a recession, says Mark Carney, former governor of the Bank of Canada, but Alberta could be insulated from the worst impacts if that happens.Carney made the remarks…
Bank regulator beefs up rules for some types of home loans
Canada's top banking regulator is changing the rules that cover certain types of home loans to make sure that lenders and borrowers are able to stay on top of their obligations at a time when the country's housing market is looking…
Longtime partner Scotiabank says it is pausing Hockey Canada sponsorship
Scotiabank says it is pausing its sponsorship of Hockey Canada.The longtime sponsor says the pause will last until the bank is confident the right steps are taken to improve the culture within the sport.The development comes after the…
We’re still waiting for this wage price spiral central bankers fear could send inflation…
To historian Shirley Tillotson, today's central bankers may be girding themselves for battle against a phantom, spooked by fears of a wage price spiral burned into their collective economic memory from a bygone era."We can't allow a wage…
