economy

Elon Musk to Activate Starlink in Iran After US Eases Sanctions

A pair of Starlink satellites shoots across the sky in March of 2020. The satellites are seen as steaks because of the exposure.Photo: Alan Dyer (PA) SpaceX chief Elon Musk said he was activating his company’s Starlink internet service in Iran, which cut off web access to its more than 80 million citizens this week, …

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Gaming execs: Illinois could join states allowing internet casino gambling.

ATLANTIC CITY, NJ (AP) — Illinois is among the states most likely to soon adopt internet gambling, according to panelists in a major casino conference in Atlantic City. Speaking Friday at the East Coast Gaming Congress in Atlantic City, executives of online gambling companies said the rapid growth of sports betting provides a ready-made infrastructure …

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Hotel rates surge as revenue in hospitality sector begins to bounce back

Hotel rates are surging after travel roared back this summer. A room at Toronto’s Annex Hotel cost on average $250 before the pandemic. Now, it’s $300. “We saw a healthy rebound in normal guest behavior during the second quarter, as more people decided to travel into the city,” said Ryan Killeen, chief operating officer at …

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Europe’s Energy Crisis Will Not Be “A One Winter Story”

Reduced energy supply due to the sanctions against Russia and Moscow shutting down key pipeline gas export routes will leave Europe scrambling for oil and gas well after the coming winter as the current crisis is not “a one winter story,” according to analysts at consultant Energy Aspects. “This is not a one winter story, …

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Alberta charities to lose millions in union donations because of Bill 32: study

A provincial law governing union donations is sparking some concern, especially after a new study by the Parkland Institute outlines just how much the law is costing unions and charities. “Bill 32 is a signature piece of legislation from the provincial government aiming to change a wide range of laws regarding union, union behavior and …

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Pierre Poilievre not fit to pick Bank of Canada governor

Pierre Poilievre fueled his successful campaign to lead the federal Conservative party with effective messaging that high inflation is Justin Trudeau’s fault. Poilievre coined the Twitter meme JustinFlation, which he featured in 15 campaign news releases. To his credit, Poilievre also proposed solutions. For example, Poilievre stated: “The Trudeau government is ruining … the Canadian …

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What’ll stop Gen Z, millennials from quitting, according to Microsoft

Wondering how to keep employees from joining the Great Resignation? Higher pay and office perks may no longer be enough. Young workers are looking for growth within the company, and the freedom to be entrepreneurs — outside of their day jobs. That’s according to Microsoft’s latest report, which surveyed 20,000 employees from 11 countries. Organizations …

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