BUSINESS

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Mirroring recent U.S. policy, Canada has announced a 100% tariff on Chinese-made electric vehicles (EVs). This decision, revealed on August 26, 2024, aligns with similar measures taken by the United States and planned by the European Commission, signaling a coordinated Western response to China's dominance in the EV market.
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In a dramatic turn of events, the National Basketball Association (NBA) has moved to dismiss Warner Bros. Discovery's (WBD) lawsuit over media rights, escalating tensions between the longtime partners. On August 24, 2024, the NBA filed documents in the Supreme Court of the State of New York seeking to shut down WBD's legal efforts to retain a portion of the league's media rights.
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Alibaba Group Holding, once the undisputed titan of Chinese online retail, finds itself grappling with economic headwinds and fierce competition. The company's latest financial results, released on August 15, 2024, paint a picture of a behemoth struggling to maintain its dominance amidst shifting consumer preferences and a sluggish economy.
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Canada's two largest freight railroads - Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) - locked out over 9,000 workers after failing to reach new labor agreements with the Teamsters Canada Rail Conference union. This unprecedented dual lockout has brought rail operations across Canada to a standstill, with potentially severe consequences for both the Canadian and U.S. economies.
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More Articles ...

  1. POLISH BILLIONAIRE RAFAL BRZOSKA TO SUE META OVER FAKE ADS ON FACEBOOK AND INSTAGRAM
  2. INCREASED PROFITS FOR SIEMENS AS SOFTWARE DEMAND BOOMS
  3. WARNER BROS. DISCOVERY TAKES $9.1 BILLION HIT AS LINEAR TV NETWORKS LOSE VALUE
  4. DISNEY HITS PROFITABILITY MILESTONE AS "INSIDE OUT 2" DRIVES SUCCESS
  5. SONY DECLINES BID FOR PARAMOUNT GLOBAL AMID SKYDANCE MERGER
  6. PARAMOUNT GLOBAL FACES $43 BILLION ALL CASH OFFER FROM APEX CAPITAL TRUST
  7. META PLATFORM AGREES TO $1.4 BILLION SETTLEMENT WITH TEXAS OVER BIOMETRIC PRIVACY LAWSUIT
  8. MCDONALD'S VOWS TO WIN BACK CONSUMERS AS PROFITS FALL
  9. WARNER BROS DISCOVERY SUES NBA OVER REJECTED MEDIA RIGHTS BID
  10. SOUTHWEST AIRLINES TO START ASSIGNING SEATS
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