Business

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Amazon to lay off 10,000 employees

Amazon is set to lay off 10,000 employees as sales slow and…

(Black Press Media Creative)
FILE - Signage for the FTX Arena, where the Miami Heat basketball team plays, is illuminated on Saturday, Nov. 12, 2022, in Miami. The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the effective altruism movement. (AP Photo/Marta Lavandier, File)

Sam Bankman-Fried’s downfall sends shockwaves through crypto

FTX filed for bankruptcy protection Friday

FILE - Signage for the FTX Arena, where the Miami Heat basketball team plays, is illuminated on Saturday, Nov. 12, 2022, in Miami. The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the effective altruism movement. (AP Photo/Marta Lavandier, File)
The Twitter logo is seen at the social media company’s headquarters in San Francisco on Friday, Nov. 11, 2022. (Stephen Lam/San Francisco Chronicle via AP)

Musk’s latest Twitter cuts: Outsourced content moderators

Moderators were used to track hateful and harmful content

The Twitter logo is seen at the social media company’s headquarters in San Francisco on Friday, Nov. 11, 2022. (Stephen Lam/San Francisco Chronicle via AP)
Susan Lambert is shown inside her home which is currently being renovated in this handout photo provided by her husband Mike Lazarovits. THE CANADIAN PRESS/HO-Mike Lazarovits

Renovation boom continues even as project costs increase and interest rates rise

Many Canadian homeowners still spending thousands a year

Susan Lambert is shown inside her home which is currently being renovated in this handout photo provided by her husband Mike Lazarovits. THE CANADIAN PRESS/HO-Mike Lazarovits
FILE - Juul products are displayed at a smoke shop in New York, on Dec. 20, 2018. Embattled vaping company Juul Labs announced layoffs Thursday, Nov. 10, 2022, as the company tries to weather growing setbacks to its electronic cigarette business, including lawsuits, government bans and increasing competition. (AP Photo/Seth Wenig, File)

Vaping company Juul cuts 400 jobs amid growing setbacks

Industry experts speculating company could soon go bankrupt

FILE - Juul products are displayed at a smoke shop in New York, on Dec. 20, 2018. Embattled vaping company Juul Labs announced layoffs Thursday, Nov. 10, 2022, as the company tries to weather growing setbacks to its electronic cigarette business, including lawsuits, government bans and increasing competition. (AP Photo/Seth Wenig, File)
Bank of Canada Governor Tiff Macklem speaks at a press conference in Ottawa on Thursday, June 9, 2022. THE CANADIAN PRESS/ Patrick Doyle

Job losses will rise but won’t reach levels seen in past economic downturns: BoC

Slowdown necessary to halt inflation, says Bank of Canada governor

Bank of Canada Governor Tiff Macklem speaks at a press conference in Ottawa on Thursday, June 9, 2022. THE CANADIAN PRESS/ Patrick Doyle
The Realtors Care Blanket Drive happens Nov 14-21, with more than 100 drop-off locations throughout the Lower Mainland and Valley for those who want to help make winter warmer for those in need. File photo

Local realtors work to make winter warmer for those in need with blanket drive

Have a spare blanket or coat? Realtors Care fundraiser starts Nov. 14

The Realtors Care Blanket Drive happens Nov 14-21, with more than 100 drop-off locations throughout the Lower Mainland and Valley for those who want to help make winter warmer for those in need. File photo
More than 450 people filled a ballroom at at Sheraton Vancouver Guildford Hotel for Surrey Business Excellence Awards on Wednesday evening (Nov. 9). (Submitted photo)

Environmental researcher named Surrey Business Person of the Year at 450-guest gala

Winners announced in 8 categories at Surrey Board of Trade-hosted event

More than 450 people filled a ballroom at at Sheraton Vancouver Guildford Hotel for Surrey Business Excellence Awards on Wednesday evening (Nov. 9). (Submitted photo)
Homes under construction are seen in a new subdivision in the Ottawa suburb of Kanata, on Friday, July 30, 2021. First-time homebuyers in Canada are facing one of the toughest real estate markets in generations. THE CANADIAN PRESS/Justin Tang

Tips for first-time homebuyers as affordability in Canada continues to deteriorate

Home prices slowly beginning to improve, but overall affordability still down

Homes under construction are seen in a new subdivision in the Ottawa suburb of Kanata, on Friday, July 30, 2021. First-time homebuyers in Canada are facing one of the toughest real estate markets in generations. THE CANADIAN PRESS/Justin Tang
FILE - Twitter headquarters is shown in San Francisco on Nov. 4, 2022. Twitter said Tuesday, Nov. 8, that it will add a gray “official” label to some high-profile accounts to indicate that they are authentic, the latest twist in new owner Elon Musk’s chaotic overhaul of the platform’s verification system. (AP Photo/Jeff Chiu, File)

Musk seeks to reassure advertisers on Twitter after chaos

New “official” label on high-profile Twitter accounts abolished just hours after it was introduced

FILE - Twitter headquarters is shown in San Francisco on Nov. 4, 2022. Twitter said Tuesday, Nov. 8, that it will add a gray “official” label to some high-profile accounts to indicate that they are authentic, the latest twist in new owner Elon Musk’s chaotic overhaul of the platform’s verification system. (AP Photo/Jeff Chiu, File)
Minister of Foreign Affairs Mélanie Joly rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Tuesday, Nov. 1, 2022. THE CANADIAN PRESS/Justin Tang

Canada’s looming Indo-Pacific strategy warns of China entanglement, boosts India ties

Joly: Canada seeks deeper ties with more democratic, reliable countries

Minister of Foreign Affairs Mélanie Joly rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Tuesday, Nov. 1, 2022. THE CANADIAN PRESS/Justin Tang
“Appearing (L-R): Kathi Halpin, Jeffrey Cawker, Paul Walker, Patrick Smith, Christine Kiss, John Thomson”

It’s a new name, with the same great service for this Maple Ridge + Langley CPA firm

The Fraser Valley has changed a lot over the last few decades…

  • Nov 7, 2022
“Appearing (L-R): Kathi Halpin, Jeffrey Cawker, Paul Walker, Patrick Smith, Christine Kiss, John Thomson”
A recent survey finds that Canadians will spend an average of $675 this holiday season. (THE CANADIAN PRESS/Justin Tang)

Survey shows Christmas bells will be ringing on Canada’s cash registers

One in five Canadians have not paid off last year’s holiday purchases

A recent survey finds that Canadians will spend an average of $675 this holiday season. (THE CANADIAN PRESS/Justin Tang)
The pirarucu leather Mac Pack is displayed in Piper & Skye’s showroom, Tuesday, Oct. 25, 2022, in New York. In New York City, the luxury brand Piper & Skye has used pirarucu leather for shoulder bags, waist packs and purses that can fetch up to $850. (AP Photo/Julia Nikhinson)

Giant, sustainable rainforest fish is now fashion in America

The fish and the business behind Rihanna’s Vogue pregnancy photo’s red, fish-scaled jacket

The pirarucu leather Mac Pack is displayed in Piper & Skye’s showroom, Tuesday, Oct. 25, 2022, in New York. In New York City, the luxury brand Piper & Skye has used pirarucu leather for shoulder bags, waist packs and purses that can fetch up to $850. (AP Photo/Julia Nikhinson)
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Vancouver home sales down 46% from last year, 13% from September: board

Composite benchmark price for Metro Vancouver sat at $1,148,900

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
Warren Barr and Lily Verney-Downey smile at the bar of their Pluvio Restaurant, which was recently named Canada’s best fine dining restaurantby TripAdvisor. (Andrew Bailey photo)

Ucluelet restaurant named Canada’s best fine dining experience

Pluvio tops TripAdvisor’s Best of the Best Awards

Warren Barr and Lily Verney-Downey smile at the bar of their Pluvio Restaurant, which was recently named Canada’s best fine dining restaurantby TripAdvisor. (Andrew Bailey photo)
FILE - Elon Musk speaks at the SATELLITE Conference and Exhibition on March 9, 2020, in Washington. Musk posted video Wednesday, Oct. 26, 2022, showing him strolling into Twitter headquarters ahead of a Friday, Oct. 28, deadline to close his $44 billion deal to buy the company. (AP Photo/Susan Walsh, File)

Musk floats paid Twitter verification, fires board

Billionaire Elon Musk is already floating major changes for Twitter — and…

FILE - Elon Musk speaks at the SATELLITE Conference and Exhibition on March 9, 2020, in Washington. Musk posted video Wednesday, Oct. 26, 2022, showing him strolling into Twitter headquarters ahead of a Friday, Oct. 28, deadline to close his $44 billion deal to buy the company. (AP Photo/Susan Walsh, File)
The Netflix menu is shown on a screen in Pittsburgh, on Monday, Oct. 17, 2022. Netflix joins an array of new ad-supported streaming options when it launches the cheaper tier of its service on Nov. 1. THE CANADIAN PRESS/AP-Gene J. Puskar

Cable 2.0: Netflix and other streamers bring back ads after disrupting TV landscape

Free ad-supported platforms set to launch in Canada as Netflix releases its own cheaper version

The Netflix menu is shown on a screen in Pittsburgh, on Monday, Oct. 17, 2022. Netflix joins an array of new ad-supported streaming options when it launches the cheaper tier of its service on Nov. 1. THE CANADIAN PRESS/AP-Gene J. Puskar
Deputy Prime Minister and Minister of Finance Chrystia Freeland pauses while responding to questions during the second day of a Liberal cabinet retreat, in Vancouver, on Wednesday, September 7, 2022. THE CANADIAN PRESS/Darryl Dyck

As Canada faces potential recession, Freeland to give fall economic statement

Finance minister has already warned not to expect big money to help Canadians cope

Deputy Prime Minister and Minister of Finance Chrystia Freeland pauses while responding to questions during the second day of a Liberal cabinet retreat, in Vancouver, on Wednesday, September 7, 2022. THE CANADIAN PRESS/Darryl Dyck
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada raises interest rate by half percentage point, says more hikes to come

‘We need the economy to slow down to rebalance demand and supply’: Macklem

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick
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