Monday, April 13

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Canada’s labour tribunal calls rail shutdown end order ‘unprecedented’ – National
Politics

Canada’s labour tribunal calls rail shutdown end order ‘unprecedented’ – National

By Christopher Reynolds The Canadian Press Posted October 22, 2024 2:45 pm 1 min read Descrease article font size Increase article font size Canada’s labour tribunal says the federal government’s directive to end the countrywide rail shutdown in August marked an “unprecedented” move. In a new document explaining its decision, the Canada Industrial Relations Board said Labour Minister Steven MacKinnon’s instruction that the quasi-judicial body halt work stoppages and start binding arbitration amounted to an order.The tribunal says MacKinnon effectively directed the board to end the strikes and lockouts at Canadian National Railw...
Philip Morris is a growth stock again as shares hit all-time high on Zyn demand boom
Business

Philip Morris is a growth stock again as shares hit all-time high on Zyn demand boom

In this photo illustration, ZYN nicotine cases are seen on a table on January 29, 2024 in New York City. Michael M. Santiago | Getty ImagesPhilip Morris International shares reached record highs on Tuesday after the tobacco company's Zyn brand reported soaring demand.Shares of the Connecticut-based company jumped above $130 at session highs, marking a new intraday record. The stock is also tracking to notch an all-time closing high and see its biggest one-day gain since March 2020.Tuesday's pop comes after the company touted an eye-popping jump in shipments of its Zyn oral nicotine pouches. It's the latest milestone in the stock's breakout this year as Wall Street catches wind of how the product has captured consumer interest.The stock saw little action between 2013 and 2023 with investors...
US intelligence says foreign actors could stoke post-election violence
World News

US intelligence says foreign actors could stoke post-election violence

By Jonathan Landay and Patricia Zengerle, Reuters A person votes during early voting at a polling station in the first round of early voting at a polling place, October 21, 2024, in Daytona Beach, Florida. Photo: AFP / Miguel J. Rodriguez Carrillo Russia, China and Iran are intent on fanning divisive narratives to divide Americans ahead of the 5 November US elections and may consider fomenting violence after voters go to the polls, US intelligence officials said on Tuesday. The officials, briefing reporters on US election security, said foreign actors could consider physical threats and violence, and were highly likely to conduct disinformation operations to create uncertainty and undermine the election process. "Foreign actors, particularly Russia, Iran and China, remain intent on f...
Ottawa set to bypass Ford government with money to end encampments
Politics

Ottawa set to bypass Ford government with money to end encampments

The Trudeau government is threatening to bypass Queen’s Park on funding to address encampments in municipalities, Global News has learned, potentially cutting the province out of decisions on how the money should be spent. In mid-September, Canada’s Housing, Infrastructure and Communities Minister Sean Fraser sent a letter to provinces with an offer of $250 million to help find shelter for people living in encampments.Fraser said while the federal government was initially looking for cost-matching agreements with provinces, the Ontario government didn’t respond to the offer forcing Ottawa to go directly to municipalities.“We will no longer wait for them to muster the political will to act as winter gets closer and lives are put at risk,” Fraser said in a statement shared with Global News.A...
Starboard Value’s Jeff Smith says Salesforce has ‘a lot more to go’
Business

Starboard Value’s Jeff Smith says Salesforce has ‘a lot more to go’

Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP.Chris Goodney | Bloomberg | Getty ImagesSalesforce shares jumped 98% in 2023 in part after the business software maker increased its adjusted operating margin after Starboard Value and other activist investors raised concerns about the company's financial performance. Starboard now sees more room for improvement."They've been doing a great job executing, improving their margins, moving up in the Rule of 40 or Rule of 50 for their for their industry, and we think there's a lot more to go," Starboard CEO Jeff Smith told CNBC's David Faber at the 13D Monitor Active-Passive Investor Summit in New York on Tuesday.The rule of 40 refers to the idea that a company's revenue growth rate and profit margin should a...
Former Abercrombie CEO Mike Jeffries indicted for sex trafficking
World News

Former Abercrombie CEO Mike Jeffries indicted for sex trafficking

The defendants are expected to appear in court in Florida. File pic Photo: AFP Mike Jeffries, the former chief executive of Abercrombie & Fitch, has been indicted on sex trafficking and prostitution involving dozens of men. The charges were unveiled on Tuesday, a decade after Jeffries left the retailer he built over 22 years into a popular clothing brand known for sexually charged marketing. Jeffries, his partner Matthew Smith, and a third defendant James Jacobson, who allegedly served as a recruiter, were each charged with one count of sex trafficking and 15 counts of interstate prostitution. Jeffries and Smith are expected to appear later on Tuesday (US time) in federal court in Florida, court records show. All three defendants were arrested on Tuesday. Brian Bieber, a lawyer for ...
Mark Carney says he’s ‘taking steps’ for possible electoral run – National
Politics

Mark Carney says he’s ‘taking steps’ for possible electoral run – National

Mark Carney said he is thinking about running for elected office in Canada, but remained guarded about when or where, in a conversation with Liberal MP Nate Erskine-Smith. The conversation was the clearest signal yet from the former governor of the Bank of Canada that he is eyeing a more political future, and comes weeks after he was tapped to chair an economic advisory task force for the Liberal Party and the prime minister.Carney joined Erskine-Smith on his podcast in an episode published on Friday.The MP for Beaches—East York, who has already announced he will not run in the next federal election, talked about the difference between “giving advice and being a decision maker” before asking Carney, “Are you going to put your name on a ballot at some point?”“I’m taking steps that support t...
How Belize Made Me Believe in the Caribbean Again
Life Style

How Belize Made Me Believe in the Caribbean Again

Before I leave Belize, I travel back to Placencia. Willie and Abby take me to Tom Owens Caye, a small island now owned by marine conservation nonprofit ReefCI (reefci.com), I join a group of international volunteers, keen divers who prefer to dive with purpose, paying around $1,000 a week to be trained in scuba spearfishing. Together, we learn how to humanely cull those beautiful yet harmful invasive fish (rather than spike our own feet or other volunteers), how to fillet the fish, and preserve the fins we’d most like to see dangling from ears. I’ve been a diver since my early twenties, mostly in southeast Asian waters, where lion fish are native, have many predators, and numbers are kept at bay. Source link
‘Swicy’ items take over restaurant menus as Gen Z seeks heat
Business

‘Swicy’ items take over restaurant menus as Gen Z seeks heat

A general view of atmosphere during 'Sonic Desert' presented by Coca-Cola Spiced and Topo Chico in partnership with BPM Music on April 13, 2024 in Thermal, California. Randy Shropshire | Getty ImagesThe hottest food and drink trend this year isn't just spicy — it's also sweet."Swicy," a portmanteau of sweet and spicy, has taken over restaurant marketing. While the term hasn't actually appeared on menus, the shorthand has become a popular way to describe the resurgence of foods and drinks marrying sweet and spicy flavors. The Food Institute even dubbed it the "Summer of Swicy" this year.Nearly 10% of restaurant menus have "sweet and spicy" items, up 1.8% over the last 12 months, according to market research firm Datassential. Over the next four years, its menu penetration is expected to ris...
U.S. Republican says Trudeau, not Trump, is NATO threat on defence spending – National
Politics

U.S. Republican says Trudeau, not Trump, is NATO threat on defence spending – National

A U.S. Republican congressman is calling Prime Minister Justin Trudeau a “threat” to NATO’s stability and success, saying Canada’s defence spending and military contributions aren’t enough. U.S. Rep. Mike Turner made the comments in an op-ed in Newsweek suggesting “Trudeau, not (Donald) Trump, is a threat to the stability and success of NATO” because of the country’s long-standing lag on a plan to hit the agreed upon target for members to spend two per cent of their GDP on defence.This past summer, Defence Minister Bill Blair and Trudeau announced Canada expected to invest at least two per cent of its gross domestic product (GDP) in defence by 2032, calling it a “credible, responsible, and achievable target date.”Until then, Trudeau had not offered a concrete timeline to hit the two-per-ce...