The Federal Reserve Building stands in Washington.Joshua Roberts | ReutersThe U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations."I suspect that the Fed will be the...
Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters.For companies around the world, the rotating chief executive structure is uncommon, but analysts...
Hong Kong stocks slid from a four-month high, as China’s sluggish inflation data suggested weak domestic demand and as investor expectations of US interest rate cut were dealt a blow by surging consumer prices.The Hang Seng Index fell 1.3 per cent to 16,925.09 as of...
China drove a global surge in new coal-fired power plants last year, building and approving capacity at a rate not seen in nine years despite the country’s promise to “strictly control” its use of the most damaging fossil fuel, according to a new report.China accounted...
The Biden administration has weighed in for the first time on a major cross-border legal dispute that could shut down portions of Enbridge's Line 5 Canada-U.S. oil pipeline.The opinion came in an amicus brief that, although nuanced, argued against shutting down the pipeline, partly in order to preserve...
The B.C. Labour Relations Board will consider certifying unions at two Amazon warehouses in a hearing Tuesday.Unifor, Canada's largest private sector union, began a card-signing drive last summer citing labour laws favourable to unions in the province.If certified, Unifor says, this would be the first successful unionization effort for Amazon...
The use of generative artificial intelligence (AI), the powerful tool behind OpenAI’s ChatGPT, could push the capabilities of cyberattacks to new heights while also offering new defence mechanisms, but most organisations are still learning to harness the tool, according to one of Microsoft’s leading AI...
The U.S. Federal Aviation Administration (FAA) is investigating a Boeing whistleblower's claims that the company dismissed safety and quality concerns in the production of the planemaker's 787 and 777 jets, an agency spokesperson said on Tuesday.Boeing engineer Sam Salehpour's allegations stem from work on the...
The Bank of Canada has held its key interest rate at five per cent for the sixth consecutive time since July, saying it will look for signs of sustained slowing inflation before moving on rate cuts.The central bank said that inflation is still too high, but...
Hong Kong’s biggest annual Web3 gathering concluded on Tuesday with industry executives looking to capitalise on the ballooning bitcoin price ahead of what is expected to be the city’s imminent approval of spot exchange-traded funds (ETFs) for the virtual asset this month.Industry leaders attending the...