Tag: business news tunisie

Business News

Canada’s inflation value cools to 7%, nonetheless meals prices are nonetheless climbing

4 min read

Canada’s inflation value cooled to seven per cent in August, Statistics Canada acknowledged Tuesday.

Economists had been anticipating the pace to return again in at 7.3 per cent, after inflation rose to a 40-year extreme of 8.1 per cent earlier this summer time season.

As a substitute, the pace decelerated by far more than anticipated, largely because of gasoline acquired inexpensive in the midst of the month.

Gasoline prices fell by 9.6 per cent in August from the place they’d been the sooner month. That is the biggest one-month drop in gasoline prices since April 2020, when the pandemic was

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Business News

Threads collect so much sensitive information it’s a ‘hacker’s dream,’ experts say – Business News

6 min read

It knows when you’ve been online shopping, the last time you worked out and whether you’ve been lurking on your ex’s profile.

Meta’s new social media platform Threads is gobbling up massive amounts of sensitive data on its 100 million users and counting.

The specificity and quantity of information the text and multimedia platform can access

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Business News

Business owner arrested, charged in $9 million San Francisco investment fund fraud

2 min read

A federal grand jury in San Francisco has indicted a business owner for defrauding investors and a bank to the tune of over $9 million, the US Department of Justice said Monday.

Joon Woo Kim, 57, of the City of Montebello in Los Angeles County, was arrested Monday in New Haven and appeared in US District Court in Connecticut to face the charges.

Kim allegedly induced investors to contribute to a fund he created in San Francisco called the M5 Doctors Fund by making false statements and omissions about the kinds of investments he would make while managing the fund’s

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Business News

Quebecor to pull ads from Facebook, Instagram after news access halted

2 min read

Telecom and media firm Quebecor said on Wednesday it will pull its ads from Facebook and Instagram following Meta Platforms’ decision to stop access to news on both social media platforms in Canada over a law requiring payments to local news publishers.

The Online News Act, or Bill C-18, was introduced in April last year and lays out rules to force companies such as Meta and Alphabet-owned Google to negotiate commercial deals and pay news publishers for their content.

Google and Meta previously said they would block access to news articles in Canada if the legislation was passed. It was

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Business News

Five things to watch for in the Canadian business world in the coming week – Business News

2 min read

this week in business

The Canadian Press – | Stories: 436107

Five things to watch for in the Canadian business world in the coming week:

MTY earnings

MTY Food Group Inc. will release its second-quarter results and hold a conference call with investors before financial markets open on Tuesday. MTY franchises and operates restaurants under more than 85 different banners in Canada, the United States and internationally.

Aritzia results

Aritzia Inc. will release its first-quarter results and hold a conference call with investors after

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Business News

So you gave personal info to a company caught in a data breach. Now what?

5 min read

Hacks, ransomware attacks and data breaches seem to be in the news more and more often — and many people are getting alerts that their information has been compromised in the process.

Just this week, Petro-Points members learned an unauthorized party had obtained their basic contact information, such as mailing and email addresses, phone numbers and dates of birth. Petro-Canada sent an email to its customers to watch out for unusual emails and messages as a result.

In February, a ransomware attack on Indigo compromised the data of current and former employees. And late last year, thousands of people in

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Business News

Nigel Farage bank account shut for falling below wealth limit

3 min read
Nigel Farage

Nigel Farage

Nigel Farage fell below the financial threshold required to hold an account at Coutts, the prestigious private bank for the wealthy, the BBC has been told.

It is understood that he was afterward offered a standard account at NatWest which owns Coutts.

Mr Farage says he believes his account is being shut down for political reasons and he has been turned down by nine other lenders after trying elsewhere.

But people familiar with Coutts’ move said it was a “commercial” decision.

“The criteria for holding a Coutts account are clear from the bank’s website,” they told the BBC.

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Business News

American companies are draining their cash at the dumbest possible time

6 min read

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.


New York
CNN
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Companies are sitting on a lot less cash than they were last year, in part because they’re spending it on share buybacks and corporate dividends.

While shareholders may be chuffed by that news, the slumping economy, surging interest rates and a credit crunch may mean US firms come to regret reducing their cash buffers.

The largest companies

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