According to a report from Transparency International (TI), loopholes in Canadian law are allowing a “corrupt elite” to use the housing market for laundering money. TI’s report found at least ten problem areas in law that deals with real estate… Read More ›
Entrepreneurship
Nestle increases its footprint in plant-based protein with this collaboration
On Friday, food giant Nestle stated, it has decided to collaborate with Canadian plant-based food ingredient makers Burcon and Merit to increase its footprint in the fast-growing plant-based protein segment. The teaming up will allow Nestle to tap into Burcon’s… Read More ›
Trump scheduled to sign USMCA on Wednesday
U.S. President Donald Trump is scheduled to sign a trade pact between the United States, Canada and Mexico on Wednesday during a ceremony at the White House, said an administration official while adding, invitations for attending the event has already… Read More ›
US Treasury Chief Hits Out At Teenage Climate Activist Greta Thunberg
Taking a dig at the teenage environment activist Greta Thunberg, the treasury secretary of the United States Steven Mnuchin said that the teenager should go away and study economics before making any suggestions to investors. A complete absence of understanding… Read More ›
Financial markets should be ready in case of cliffhanger Brexit: Britain’s Financial Conduct Authority
On Thursday, Nausicaa Delfas, executive director of international at Britain’s Financial Conduct Authority stated, it would be prudent for financial firms in Britain to be ready in case Britain does not sign a trade deal with the European Union by… Read More ›
Siemens eyes reconstruction projects in Middle East, asks Trump for equal treatment
On Thursday, Joe Kaeser, Siemens’ Chief Executive disclosed, he perceived a more positive mood among his client. “They are getting more optimistic for the second half of the year than they have for the first half and actually 2019,” said… Read More ›
Japan’s Mercari acquires Origami as cashless payments spreads in Japan
On Thursday, Mercari Inc, a fleamarket app operator stated, it has decided to acquire QR code payment app operator Origami for an undisclosed sum. The deal marks the latest consolidation in the industry even as cashless payments take off in… Read More ›
Bernard Looney to be BP’s CFO
In a statement, BP stated, Brian Gilvary, its finance chief who will be stepping down in June 2020 after eight years of service in the company, will be replaced by Bernard Looney, who incidentally will become the company’s chief executive… Read More ›
Major Opportunity In Healthcare For Use Of AI, Says Google CEO
Among industries, the greatest potential of using artificial intelligence to improve outcomes is the health care industry, said Sundar Pichai, the CEO of Alphabet Inc and its Google subsidiary. He also vowed that all concerns about privacy would be taken… Read More ›
Petrobras loses $2 billion tax dispute
In a statement, Brazil’s state-run oil firm Petrobras said, it has lost an appeal over $2.14 billion (9 billion reais). The case relates to a tax dispute which dates back to 2011 and 2012. Petrobras said, it will stick to… Read More ›