News & Events

International Breaking news, trending topics, community events from the Health, Business and Finance Industry: Discover the what’s hot in our epaper news and events blog.

Breaking News: MWC 2024: Ontario startup collaborates with Intel to advance Open RAN solutions | IT Business
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Breaking News: MWC 2024: Ontario startup collaborates with Intel to advance Open RAN solutions | IT Business

Bluewaves Mobility Innovation (BMI), a North York-based startup that specializes in ORAN (open radio access networks) solutions, this week announced a partnership with Intel at MWC 2024 in Barcelona. ORAN is a nonproprietary version of the Radio Access Network (RAN) system that allows interoperation between various pieces of cellular network equipment provided by different vendors, including the radio unit (RU), the distributed unit (DU) and the centralized unit (CU). BMI builds Open RAN RUs, where the radio frequency signals in a network are transmitted, received, amplified and digitized. The company is embedding Intel’s Agilex FPGA (field-programmable gate array) products in its radio designs for accelerated performance and increased power efficiency. An FPGA is a reprogrammable chip tha...
Breaking News: Disney to Step Back From India in Mega-Deal with Reliance Industries
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Breaking News: Disney to Step Back From India in Mega-Deal with Reliance Industries

The Walt Disney Company announced on Wednesday a joint venture with India’s biggest conglomerate, Reliance Industries, in an $8.5 billion deal that will create a media powerhouse in the world’s most populous nation and end Disney’s decades-long solo effort to gain a foothold in the market.Reliance Industries, which is owned by Mukesh Ambani, India’s richest person, will be Disney’s senior partner in the deal. With $239 billion in market capitalization and rights to the wildly popular Indian Premier League cricket matches, Reliance is a juggernaut in the media landscape in India.Disney and Reliance already had a combined market share of about 40 to 45 percent in advertising and about the same fraction of streaming, giving them a big edge over competitors, said Karan Taurani, a research anal...
Breaking News: Consumer debt balloons to .4 trillion as newcomers borrow money
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Breaking News: Consumer debt balloons to $2.4 trillion as newcomers borrow money

Breadcrumb Trail LinksNewsImmigration helping drive new records in consumer credit market, TransUnion saysPublished Feb 28, 2024  •  Last updated 23 hours ago  •  4 minute read The average minimum balance due each month on credit cards has risen 11 per cent from last year. Photo by Andrey Rudakov/BloombergArticle contentImmigration is helping fuel a surge in the consumer credit market, just as high interest rates and inflation push Canadians to take on a record amount of personal debt.Article contentTotal consumer debt hit $2.4 trillion in the fourth quarter, a 2.9 per cent increase from last year and a fresh record, according to a report from TransUnion of Canada Inc. Around 92 per cent of credit users carry a balance, a 3.7 per cent increase over last year.Advertisement 2This advertise...
Breaking News: New F1 Team Names Bring Money, Marketing and Lots of Syllables
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Breaking News: New F1 Team Names Bring Money, Marketing and Lots of Syllables

Formula 1 has two new team names this season, which follow a trend in the sport to focus on marketing: Visa Cash App RB Formula One Team and Stake F1 Team Kick Sauber.Sauber Motorsport has been racing since 1993 under various names, most recently as Alfa Romeo. For this season and next it will take the Stake name, with Audi taking over in 2026.“Before Audi’s arrival, we felt it was important to present ourselves with this new identity and to have a commercial partnership in place,” said Alessandro Alunni Bravi, the Stake team representative. “The Sauber Group has been in Formula 1 for 32 years, but this doesn’t mean we have forgotten what Sauber is. It means that for the next two seasons we wanted to present ourselves as something new, fresh, different to help us attract a new audience.”Al...
Breaking News: Earn a fixed salary? You might be working for free tomorrow | CBC News
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Breaking News: Earn a fixed salary? You might be working for free tomorrow | CBC News

Rohith Krishnan was "bummed" when he found out he's not getting paid for the extra day of work during leap years. Employers typically pay their salaried workers the same yearly amount, whether the calendar year has 365 or 366 days, unless the contract states otherwise. As a result, the average salaried worker is potentially losing out on hundreds of dollars, while employers collectively save billions."You still have your expenses for that day," the senior tax associate working in Toronto pointed out. Meals, gas and transit fares still add up for many people on Feb. 29, Krishnan said. "I think we should be compensated."Rohith Krishnan, a senior tax associate in downtown Toronto, says salaried employees should be compensated for working an extra day during leap years. (Jason Trout/CBC)"I thi...
Breaking News: Elon Musk-Led Neuralink Faces Expert Scrutiny Over Transparency In Brain Implant Trials
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Breaking News: Elon Musk-Led Neuralink Faces Expert Scrutiny Over Transparency In Brain Implant Trials

Experts believe that Elon Musk-led neurotechnology company Neuralink lacks transparency, while openly disregarding scientific and ethical norms.Neuralink raises concerns about patient safety and could end up setting back the entire field of neurotechnology, experts told Forbes, after the billionaire announced early success in the company's first human trial.The first human received an implant from @Neuralink yesterday and is recovering well.Initial results show promising neuron spike detection.— Elon Musk (@elonmusk) January 29, 2024 "Progress is good, and the patient seems to have made a full recovery, with neural effects that we are aware of. The patient is able to move a mouse around the screen by just thinking," Musk said in a Spaces event last week. Professor of ethics of AI and neuro...
Breaking News: Four Eye Ointments Pulled Because of Infection Risk
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Breaking News: Four Eye Ointments Pulled Because of Infection Risk

Four eye ointments sold in stores including Walmart and CVS are being recalled because of a potential risk of eye infections or related harm, after U.S. investigators raised concerns about the potential lack of sterility.The voluntary recall involves four over-the-counter products manufactured by Brassica Pharma, according to an announcement by the Food and Drug Administration on Monday.Two are from Equate, a Walmart brand; one is a CVS Health brand; and another is an AACE Pharmaceuticals brand. They have expiration dates ranging from February 2024 to September 2025.Brassica Pharma is a drug development and manufacturing company based in the Indian state of Maharashtra that supplies products to the United States, Europe, Asia and Africa, according to the company’s website. Brassica Pharma’...
Breaking News: Hospitality growth story in India to remain strong: Marriott’s Rajeev Menon
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Breaking News: Hospitality growth story in India to remain strong: Marriott’s Rajeev Menon

New Delhi: Despite concerns about a global economic slowdown across several Western countries, strong domestic growth, infrastructure development, and an increasing aspiration for travel are expected to drive a decade-long boom in hospitality in India, particularly in luxury and premium segments. Though price increases in 2023 might have caused some discontent among customers, additional room inventory is expected to bring some relief in some cities. American hotel major Marriott International, which signed 28 deals in 2023 and early 2024 said it added about 4,800 rooms to its development pipeline in the process. Its president for Asia Pacific (excluding China), Rajeev Menon, told Mint that 77% of the rooms signed in 2023 were within the luxury and premium portfolio segment, compared to th...
Breaking News: Make It Make Sense: What Are the Best Tax Strategies for Long-Term Investments?
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Breaking News: Make It Make Sense: What Are the Best Tax Strategies for Long-Term Investments?

Welcome to CB’s personal-finance advice column, Make It Make Sense, where each month experts answer reader questions on complex investment and personal-finance topics and break them down in terms we can all understand. This month, Zoe Wolpert, a chartered investment manager and senior advisor at money-management platform Wealthsimple, tackles tax strategies to improve your long-term investments. Have a question about your finances? Send it to [email protected]. Q: Aside from remembering to maximize my RRSP contributions before the end of February, what other tax strategies can I be taking advantage of to improve my long-term investment performance? While talking about taxes can feel about as fun as doing seven loads of laundry on a Friday night, it’s worth it. Tax strategies can be very i...
Breaking News: This Union Could Be On The Verge Of A Historic Breakthrough In The South
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Breaking News: This Union Could Be On The Verge Of A Historic Breakthrough In The South

More than half of the employees at Mercedes-Benz’s manufacturing plant near Tuscaloosa, Alabama, have signed union cards and intend to join the United Auto Workers, the union announced Tuesday.Hitting a majority of sign-ups marks a milestone for the UAW as it seeks to represent workers at foreign-owned auto plants in the South. The union has struggled to organize such facilities for years but has seen a surge of interest from workers following its historic strike against Ford, General Motors and Jeep parent company Stellantis last year.Jeremy Kimbrell, a 25-year employee at the plant and lead organizer for the union effort, said in a video posted Monday that workers “are ready to win our union and a better life with the UAW.”“We’ve learned that we can’t trust Mercedes with our best interes...
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