Tag: Economy
Road oil demand to peak by 2032 as EVs become more common, Goldman forecasts
Goldman said the 1.7 billion global vehicles drove 47 per cent of 2023 oil demand, with gasoline consumption driving about half of road demand.
Boeing CEO Dave Calhoun to step down at end of 2024
Boeing's CEO and president Dave Calhoun announced he will step down at the end of the year. It follows months of safety issues, plane malfunctions and some passenger issues.
Nvidia stock slides in premarket trading after unveiling new AI chip
Nvidia shares dipped in premarket trading after the dominant AI chip supplier unveiled its latest flagship product that is expected to further cement its lead in the industry.
Most countries bouncing back from COVID-19, but poorest are not: UN
Many countries are bouncing back from the COVID-19 pandemic, but the poorest are not and a significant number are seeing their conditions deteriorate, the UN says.
Airline warns summer schedule at risk due to Boeing. Here’s why
Ryanair CEO Michael O'Leary is expecting the airline will receive even fewer Boeing aircraft by the end of June than previously expected.
EU farmers are protesting climate change regulations. Could Canadians join them?
European farmers have protested higher costs, lower profits and climate change regulations for months. Could Canadian producers also blockade ports?
Japan’s economy falls into recession after shrinking for 2nd straight quarter
The surprisingly weak performance in a second consecutive quarter saw Japan lose its title as the world's third-largest economy, replaced by Germany.
Caribbean cruises as rewards for top workers: Pinnacle of employee recognition or ‘carbon bomb’?
Bank ‘carbon bomb’ cruises may signal need for mindset shift about employee recognition trips in corporate Canada, to better align corporate values with corporate actions.
U.K. pauses trade talks with Canada, claims ‘progress is not being made’
The United Kingdom hit pause on trade talks with Canada less than a month before the next round of talks towards a permanent trade deal was expected to take place.
Panama Canal drought adds further strain on global trade amid Red Sea crisis
Severe drought conditions have reduced water levels in the Panama Canal, forcing authorities to reduce ship crossings. The crisis in the Red Sea has compounded impacts on trade.
Amazon unit fined $46M by French regulators for ‘intrusive’ staff surveillance
French regulators criticized a surveillance system set up to monitor the performance of Amazon staff and said some measures in place were illegal.
U.S. Department of Justice preparing legal brief as both sides appeal Line 5 decision
The U.S. government has been asked to explain how a 1977 energy treaty with Canada would impact efforts to shut down the Line 5 cross-border pipeline.