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Spotify cutting 17 per cent of workforce in 3rd round of layoffs this year

by Walter Watson
Spotify cutting 17 per cent of workforce in 3rd round of layoffs this year

Music streaming giant Spotify said on Monday that it will lay off 1,500 employees, or 17 per cent of its workforce, to bring down costs, after letting 600 of its staff go …

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Canada commits $16M to new global climate damage fund

by Walter Watson
Canada commits M to new global climate damage fund

After nations agreed to a landmark deal to create a global climate damage fund on the first day of climate talks at COP28, Canada pledged its own support on Friday …

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COP28 climate conference begins with controversy and early financial breakthrough

by Walter Watson
COP28 climate conference begins with controversy and early financial breakthrough

After facing renewed criticism for his deep ties to the oilpatch on the eve of hosting the world’s largest ever climate summit, the president of COP28 scored an early victory …

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COP28 leader denies report UAE wanted to seek oil deals at summit

by Walter Watson
COP28 leader denies report UAE wanted to seek oil deals at summit

The Emirati president-designate for the upcoming United Nations COP28 climate talks forcefully denied Wednesday a report alleging his nation planned to use the summit to strike oil and gas deals. …

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Canadian oil and gas execs to talk up emissions reduction plans at COP28

by Anas Siddiqui
Canadian oil and gas execs to talk up emissions reduction plans at COP28

Executives and senior leaders from Canada’s oil and gas sector are heading to Dubai for the upcoming United Nations COP28 climate talks, eager to tell the world they are doing …

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The ‘lipstick index’ and the strength of beauty retail amid inflation

by Anas Siddiqui
The ‘lipstick index’ and the strength of beauty retail amid inflation

At Calgary’s Southcentre Mall, Paulette Harder stopped in at Sephora and emerged with a skincare set for herself and a face cream for her mom.  Harder has lately cut back …

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Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech

by Anas Siddiqui
Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech

Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake. The governor acknowledged during a speech Wednesday that interest rates …

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Microsoft hires ousted OpenAI boss Sam Altman

by Walter Watson
Microsoft hires ousted OpenAI boss Sam Altman

Microsoft announced Monday that it has hired Sam Altman and another architect of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked …

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WeWork has failed. Like a lot of other tech startups, it left damage in its wake

by Anas Siddiqui
WeWork has failed. Like a lot of other tech startups, it left damage in its wake

The worksharing giant WeWork was supposed to fundamentally alter the future of the office. It raised billions of dollars, signed leases in office towers across North America, but filed for …

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Quebec’s stock market regulator can go after Canada’s Panama Papers kingpin, Supreme Court rules

by Anas Siddiqui
Quebec’s stock market regulator can go after Canada’s Panama Papers kingpin, Supreme Court rules

Everyone seems to want a piece of Fred Sharp, the self-styled private banker from West Vancouver who built a huge network of offshore companies that facilitated, according to U.S. court …

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