Business

Facebook considering ending restrictions on Covid misinformation

Facebook is turning to the “Supreme Court” to decide whether to end restrictions on Covid misinformation, more than two years after the company first began taking private action over posts promoting falsehoods about the disease. The social network is considering changing the way it handles such misinformation, for example, by classifying it as false or …

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Hard hit Shopify stock groups layoffs, CEO says 'I got it wrong'

Hard hit Shopify stock groups layoffs, CEO says ‘I got it wrong’

Shopify stock fell after the e-commerce company said it would cut nearly 1,000 workers, or 10% of its global workforce, as its CEO took responsibility for a faulty growth strategy. Including Tuesday’s loss, SHOP stock is down more than 80% this year. X Shopify (SHOP) is down 14.4% to 31.43 in afternoon trading in the …

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From burgers to bleach, from Walmart to Adidas - consumers are starting to benefit from high inflation |  CBC News

From burgers to bleach, from Walmart to Adidas – consumers are starting to benefit from high inflation | CBC News

Some global consumers are showing signs of a meltdown, with record inflation shoppers asserting a hold on to buying basics like food, bleach and cheap burgers, while those with larger bank accounts are snapping up $3,000 Louis Vuitton bags. Investors are closely watching corporate results for signs that economies are heading for a recession. But …

From burgers to bleach, from Walmart to Adidas – consumers are starting to benefit from high inflation | CBC News Read More »

Rank: The largest container shipping company in the world

Rank: The largest container shipping company in the world

Imagine the largest container shipping companies in the world Did you know that 80% of global merchandise trade is transported by sea? Given the scale of human consumption, this requires a huge number of shipping containers, as well as ships to transport them. At the industry level, container shipping is dominated by many very large …

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I got this wrong: "Shopify CEO announces plan to lay off 10 percent of employees

I got this wrong: “Shopify CEO announces plan to lay off 10 percent of employees

Canadian tech giant Shopify Inc. It laid off 10 percent of its workforce on Tuesday because the company miscalculated the growth of e-commerce. The CEO of the Ottawa-based e-commerce company, Toby Lutke, said in a blog that most employees were affected by the work cuts in recruitment, support and sales. Shopify will also eliminate “overly …

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Shopify to lay off 10% of workforce after pandemic growth bet 'did not pay off': CEO - National |  Globalnews.ca

Shopify to lay off 10% of workforce after pandemic growth bet ‘did not pay off’: CEO – National | Globalnews.ca

Shopify, the Canadian e-commerce giant that was once the country’s most valuable company, is laying off nearly 1,000 employees as the pandemic’s growth has stalled. Shopify shares sank nearly 16 percent on the Toronto Stock Exchange Tuesday in response to news that it will cut 10 percent of its employees, trading at $39.60 as of …

Shopify to lay off 10% of workforce after pandemic growth bet ‘did not pay off’: CEO – National | Globalnews.ca Read More »

Are you panicked about rising interest rates?  Mortgage professionals share tips to help relieve stress |  CBC News

Are you panicked about rising interest rates? Mortgage professionals share tips to help relieve stress | CBC News

Mortgage professionals say they are busier than usual these days answering panicked calls from Canadians holding a variable mortgage or renewing who want to know how to save money in the face of rising interest rates. Earlier this month, the Bank of Canada raised its benchmark lending rate by a full percentage point, increasing it …

Are you panicked about rising interest rates? Mortgage professionals share tips to help relieve stress | CBC News Read More »

Sellers arrested for falling prices as housing market slows |  CBC News

Sellers arrested for falling prices as housing market slows | CBC News

A family in Ottawa is packing their belongings and moving into what they hope will be their “forever home,” but they won’t bring nearly as much money with them as they hoped to get from selling their first home. “We think we lost about $150,000,” said Robert Hawkins. “I know we didn’t lose her because …

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