Approximately 1,300 jobs could be at stake at territory’s largest mine; ‘we need to be ready,’ says cabinet minister Baffinland Iron Mines Corp., has taken a formal step toward laying off hundreds of workers at its Mary River mine. The company filed a notice with the Nunavut Labor Standards Compliance Office on Friday, Baffinland spokesperson …
‘Mass layoffs’ could follow Baffinland’s notice to labor board Read More »
A ship leaves the Jebel Ali harbor about 40 kilometers south of Dubai, on Jan. 3, 2010. DP World said on June 6 that it sold a stake in its home base, the Jebel Ali Port, and other flagship assets to Caisse for US$5-billion.Kamran Jebreili/The Associated Press Dubai’s state-owned logistics giant DP World is selling …
Dubai sells minority stake in flagship port, business park to Quebec’s Caisse Read More »
ServiceNow Chief Executive Bill McDermott told CNBC’s Jim Cramer on Monday that he doesn’t expect the current economy to undergo a market downturn like the 2008 financial crisis. “This is not even close to 2008. In 2008, I was with a company where we lost a billion euros in pipeline in a day. That was …
Current economic downturn ‘not even close’ to 2008 crisis Read More »
SINGAPORE—China is concluding yearlong probes into ride-hailing giant Didi Global and two other US-listed tech companies, preparing to lift a ban on adding new users, people familiar with the discussion said, in the latest sign that Beijing wants to spur economic activity, including from its beleaguered tech giants. Chinese regulators plan as well to allow …
China to Conclude Didi Cybersecurity Probe, Lift Ban on New Users Read More »
Euro, dollar little changed to kick off trading week Sterling rises ahead of Johnson leadership vote ECB statement, US inflation data due later in the week NEW YORK, June 6 (Reuters) – The dollar advanced modestly on Monday as a boost in risk appetite sent US equities higher and kept gains on the safe haven …
Dollar edges up as stocks rally, inflation data eyed Read More »
With cryptocurrency prices plummeting as central banks start to raise interest rates, many are wondering if this is the beginning of the end of the bubble. Perhaps not yet. But a higher opportunity cost of money disproportionately drives down the prices of assets whose main uses lie in the future. Ultra-low interest rates flattered crypto, …
Crypto crisis means regulation will come sooner rather than later | Kenneth Rogoff Read More »
With cryptocurrency prices plummeting as central banks start to raise interest rates, many are wondering if this is the beginning of the end of the bubble. Perhaps not yet. But a higher opportunity cost of money disproportionately drives down the prices of assets whose main uses lie in the future. Ultra-low interest rates flattered crypto, …
Crypto crisis means regulation will come sooner rather than later | Kenneth Rogoff Read More »
