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Twitter threatens legal action against Meta over Threads: report – Business News

Photo: The Canadian Press This photo, taken in New York on Wednesday, July 5, 2023, shows the logo for Meta’s new app Threads, left, and that of Twitter. Meta is poised to unveil the new app that appears to mimic Twitter — a direct challenge to the social media platform owned by Elon Musk. A […]

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Some Petro-Canada locations are cash only amid ‘cybersecurity incident’ at parent company Suncor

Numerous Petro-Canada gas stations are only able to process cash transactions, as parent company Suncor works to fix what it is calling a “cybersecurity incident” over the weekend. On Sunday, Suncor said it was working with third-party experts to investigate and resolve the issue. “At this time, we are not aware of any evidence that

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Canada’s inflation rate slows to 3.4%, lowest level in almost 2 years

Canada’s inflation rate decelerated to 3.4 per cent in the year up to May, Statistics Canada said Tuesday, led by sharply lower gasoline prices. That’s a significant slowdown from the 4.4 per cent pace seen in April. Gasoline prices were the single biggest reason for the deceleration. If gasoline were stripped out, the inflation rate

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Bell cutting 1,300 positions, shuttering six radio stations – Business News

Photo: The Canadian Press BCE Inc. is cutting 1,300 positions, around three per cent of its workforce, and closing or selling nine radio stations as the company plans to “significantly adapt” how it delivers the news. The company says the job cuts are in response to unfavorable public policy and regulatory conditions that it can

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Chile’s plan for state control in lithium dismays business

SANTIAGO, Chile (AP) — The Chilean government’s newly announced plan to have the state take a majority stake in the lithium industry disconcerted business leaders, though analysts cautioned that the proposal appears to try to strike a middle ground between competing interests. President Gabriel Boric announced in a national broadcast Thursday night that private companies

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Second Nature Brands hires Chris Caswell as CFO

DETROIT — Second Nature Brands, a better-for-you brand acquired by CapVest Partners LLP last April, has named Chris Caswell as its new chief financial officer. Before joining Second Nature Brands, Mr. Caswell was CFO at Welch Foods Inc. for four years. Previously, Mr. Caswell held positions at retail company Clarks Americas, academic intervention company Resiliency

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Electricity bills may continue to shock you even as overall inflation eases. Here’s why.

While price hikes for gas, furniture, electronics and clothes are slowing down after a long stretch of sharp gains, one costly item isn’t expected to get cheaper anytime soon: electricity. Economists say consumers should expect their electric bills to continue rising at a fast pace as liquefied natural gas, a key fuel for generating electricity,

Electricity bills may continue to shock you even as overall inflation eases. Here’s why. Read More »

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