Author: Press Room
By Ismail Shakil OTTAWA (Reuters) – About 155,000 federal workers in Canada walked off the job on Wednesday after failing to reach a deal for higher wages and work-from-home guarantees, a strike that affects a range of public services from tax returns to passport renewals. The contract negotiations cover two main groups of employees: 120,000 workers under the Treasury Board and more than 35,000 revenue agency workers. WORKERS’ DEMANDS The primary dispute stems from disagreement over pay. Tax agency workers want a pay bump of 22.5% over three years, while the Treasury Board workers are seeking a 13.5% pay rise…
Netflix NFLX posted a mixed set of Q1 2023 results on Tuesday, with the company adding about 1.75 million new subscribers, slightly below estimates. While revenue for the quarter rose by 3.7% year-over-year to $8.16 billion, it fell slightly short of estimates, impacted in part by foreign currency-related headwinds. Earnings fell by about 19% versus last year to $2.88 per share due to higher costs and slowing revenue growth. Growth is expected to remain muted in the near term. For the quarter ending June 2023, Netflix is projecting revenue of $8.24 billion (3.4% year-over-year growth) and earnings of $2.82 a…
Russia’s ongoing invasion of Ukraine is causing a global shift in the trading of grains — which feed billions of people every day — and Ukraine’s harvest this year could plummet by as much as 50% compared to before the war.Both Ukraine and Russia were among the world’s top producers of commodities such as wheat and barley before the war broke out in February 2022. But the conflict saw the price of U.S. wheat and corn futures hit decade highs (with one benchmark wheat contract hitting an all-time high) and sparked volatility in global wheat prices throughout the year. Prices…
Some people secure startup investments with well-organized pitches and PowerPoints. Airbnb CEO Brian Chesky and his two co-founders did it with $40 boxes of cereal.And it was almost by accident, Chesky said at a recent Stanford Graduate School of Business event.When Chesky and his two co-founders — Joe Gebbia and Nathan Blecharczyk — launched the company in 2008, investors were skeptical of the idea that people would casually invite strangers into their homes for overnight stays. Rejected by the VC world, the trio turned to their own customers for fundraising dollars, Chesky said.Specifically, they sold self-designed cereal boxes featuring then-presidential…
The $787.5 million settlement that Fox News has agreed to pay in the historic defamation case from Dominion Voting Systems is a blockbuster number by any measure — but when all is said and done, the chances that the right-wing network will end up absorbing the full cost is highly unlikely. Here’s why: Settlement payments are tax deductible if the company pays out of pocket. When you run a business, much (if not all) of what you spend is considered a business expense. That includes the money you spend to defend the company in civil lawsuits that threaten to tarnish…
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As crypto markets enter serious price correction, Bitcoin’s price seems set to plummet down to $25,000.But while BTC faces a bearish market, a new meme coin is stealing the spotlight, pumping its way to a whopping $5 million fundraising.The world of crypto is never dull – as Bitcoin’s bullish rally gives way, profits are rotating to an equally appetizing alt season.Bitcoin’s Dip, LHINU’s Rise: A Tale of Two CoinsBitcoin, the largest cryptocurrency by market cap, has experienced significant loss in the past 48 hours.From its 2023 high of $31,000, the price of BTC has plunged to around $28,771, a decrease…
MillerKnoll CEO Andrea Owen apologized to staff for comments that “seemed insensitive.” She had told workers to stop asking about being motivated without bonuses and “leave pity city.” In a companywide email, Owen said her comments on bonuses “landed in a way that I did not intend.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Andrea Owen, the CEO of furniture company MillerKnoll, apologized to staff in a companywide email after a video of her responding to employee questions about staying motivated while potentially losing…
A gold-plated European parliament pension scheme is set to run out of money within two years, putting payouts at risk for almost a thousand members including the Brexiter Nigel Farage and Marine Le Pen, the French far right leader.Senior MEPs are fighting to avoid a €300mn taxpayer bailout of a special voluntary scheme for European parliamentarians, which includes a host of prominent beneficiaries with a pension pot worth around €375,000 per person.Members such as Farage, Le Pen and Josep Borrell, the EU’s foreign policy chief, could be invited to leave the scheme voluntarily — or have their benefits slashed. The…
This is why DeSantis is having trouble getting support from some Republican lawmakers as he eyes 2024 run As he steps out onto the national stage, Florida Gov. Ron DeSantis is facing questions about his political strategy, policy stances, and personal touch from potential GOP allies and rivals. CNN’s Jessica Dean reports. Read the full article here
