Canada saw triple the number of new jobs expected, but the population grew even faster so the unemployment rate did not decrease
Category: Economy
Posted inEconomy
U.S. says Amazon running illegal monopoly in online retail
A top US antitrust regulator sued Amazon on Tuesday, accusing the online retail behemoth of running an illegal monopoly by strong-arming sellers and stifling potential rivals. The highly anticipated lawsuit is another test for the Biden administration as it tries to curb the power of big tech in the face of pushback from US courtrooms. […]
Posted inEnergy & Environment
Ford pauses work on $3.5 billion battery plant
Seven months after launch, Ford will consider whether the $3.5 billion battery plant will be economically viable
Posted inEconomy
EU trade chief warns businesses questioning future in China
Trade tension rise as China refuses to condemn Russia for war in Ukraine and EU launches probe into Beijing’s electric car subsidies
Posted inEconomy
Amazon steps up AI race with $4 billion Anthropic investment
Amazon’s investment into Anthropic, an AI chatbot and systems model, will give it a minority ownership position in the silicon valley company
Posted inEconomy
Central banks in no rush to cut interest rates
Policymakers indicated that high rates are here for a while yet, with more hikes on the cards and few, if any, cuts in the near future
Posted inEnergy & Environment
As electric shift stalls, Volkswagen weighs up savings
A Volkswagen factory illustrates the company’s challenges transitioning away from internal combustion engines
Posted inEnergy & Environment
UK’s Sunak defends climate policy shift
Sunak told a news conference on Wednesday the UK was adopting a more “pragmatic” approach to meeting the country’s net zero target
Posted inEconomy
Ford reaches Canadian labour deal as US auto strike enters 6th day
The Canadian auto workers union has reached a tentative agreement with Ford, averting a strike as its US counterpart eyes expanding its stoppage
Posted inEconomy
OECD sees ‘sub-par’ global growth as high rates bite
Interest-rate hikes to combat inflation after Russia’s war in Ukraine predicted to chill global economic growth