October 18, 2021
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“American Factory” Owner Fuyao Glass To Raise $550 Mln, Eyes Solar Market
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“American Factory” Owner Fuyao Glass To Raise $550 Mln, Eyes

admin May 3, 2021
China-based Fuyao Glass Industry Group, whose U.S. plant was the subject of the Oscar-winning documentary “American Factory” in 2020, plans to raise to HK$4.3 billion, or $550 million, in a stock sale amid improvement in its business this year, according to a Hong Kong Stock Exchange filing on Sunday. The glass supplier, whose auto industry custome...
Indian Billionaire Urges Government To Impose Lockdowns In India As New Covid Deaths Reach Another High
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Indian Billionaire Urges Government To Impose Lockdowns In India As

admin May 2, 2021
ToplineDespite international aid efforts ramping up, the second wave of Covid-19 infections in India continues to intensify, yielding a new record high for daily deaths on Sunday and prompting an outcry—from businessmen and public officials alike—for government intervention to help ease the rate of infection. Key Facts In a Sunday statement for th...
Billionaire Philanthropist Eli Broad Dead At 87
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Billionaire Philanthropist Eli Broad Dead At 87

admin May 1, 2021
ToplineEli Broad, who amassed a multi-billion-dollar fortune from his home-building and insurance businesses, and used his wealth to fund cultural improvements throughout his adopted hometown of Los Angeles, died Friday at age 87.  Key Facts A spokeswoman for the Eli and Edythe Broad Foundation confirmed his passing to the New York Times Friday ev...
COVID-19 burnout is real — and your employer is worried about it, too
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COVID-19 burnout is real — and your employer is worried

admin May 1, 2021
Jonathan Frostick’s first resolution after suffering a heart attack in April was to cut down on video conferencing at work. “I’m not spending all day on zoom (sic) anymore,” the London, U.K.-based program manager financial services firm HSBC, wrote on LinkedIn last month.“I’m restructuring my approach to work,” Frostick continued. “I’m really not g...
Why a strong Canadian dollar isn’t an excuse to indulge in ‘retail therapy’
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Why a strong Canadian dollar isn’t an excuse to indulge

admin April 30, 2021
The Canadian dollar has come a long way in the past year and its trajectory places it among the strongest currencies of 2021. It has been trading above 81 cents relative to the greenback for seven days in a row, and currency analysts say it could climb further in coming months.The loonie had plunged to 70 cents US at the onset of the pandemic, when...
AstraZeneca reports $275M in sales from vaccine during 1st quarter
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AstraZeneca reports $275M in sales from vaccine during 1st quarter

admin April 30, 2021
AstraZeneca said its COVID-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second-half growth forecast boosted its shares. Chief Executive Pascal Soriot again defended the vaccine rollout on Friday, saying that Anglo-Swedish drugmaker h...
Canadian dollar hits highest level since 2018, could climb further: economists
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Canadian dollar hits highest level since 2018, could climb further:

admin April 30, 2021
Economists say the Canadian dollar is at a ‘sweet-spot’ after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn’t hurt businesses too much. The loonie traded for 81.34 cents US Thursday, the highest level since February 2018. It’s been above 80 cents US since last week.Colin Cieszynski, chief market st...
Singapore’s Olam To Buy U.S. Spice Maker For $950 Million Ahead Of Unit’s IPO
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Singapore’s Olam To Buy U.S. Spice Maker For $950 Million

admin April 30, 2021
Singapore-listed Olam International said its food ingredients subsidiary is buying Olde Thompson, a U.S.-based maker of private label spices and seasonings, at an enterprise value of $950 million. The agricultural commodities trader said in February that it has appointed financial and legal advisers to prepare for the initial public offering of Ol...
Transat is issuing refunds for cancellations due to COVID-19. How to claim yours
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Transat is issuing refunds for cancellations due to COVID-19. How

admin April 29, 2021
Samantha Borquez Perez, who lives in Sarnia, Ont., had planned to travel to Cuba to celebrate her birthday with her best friend in April 2020. Her vacation was booked through Air Transat. But her trip — which would have been her first to a sun destination — was cancelled two weeks before they were set to leave as the COVID-19 pandemic took hold. Re...
Ontario is launching paid sick leave. Should other provinces follow suit?
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Ontario is launching paid sick leave. Should other provinces follow

admin April 29, 2021
Following months of public pressure prompted by a surge in COVID-19 cases, the Ontario government has finally announced its paid sick leave program. The Ontario COVID-19 Worker Income Protection Program is retroactive, beginning April 19 and ending on Sept. 25. It includes access to three paid sick days, and the province has agreed to reimburse emp...

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