Category: Companies

Increasing Competition in Canada: Simply Changing the Law Misses the Point, Says Economist

News Analysis Canada is abound with industries dominated by a handful of players, resulting in higher prices for consumers, less innovation, and weaker economic growth. Ottawa aims to increase competition by revising its outdated legal framework, but a veteran economist says it’s government actions that have been undercutting competition and continue to do so. “It’s…


Tesla Breaks Ground on Texas Lithium Refinery

Tesla Inc. on May 8 broke ground on its new lithium refinery in Corpus Christi, Texas, which CEO Elon Musk said should produce enough battery-grade metal to build 1 million electric vehicles by 2025. The move would make Tesla the only major car manufacturer in North America that will refine its own lithium. The facility…


California Police Department to Replace Vehicle Fleet With Teslas

The South Pasadena Police Department announced its transition to an all-electric vehicle fleet by acquiring Tesla vehicles. The southern Californian police department said it would lease 20 electric 10 Model Ys and 10 Model 3s, for patrols, detective work, and other duties, for 60 months, which will cost the city nearly $2 million in funds. The…


US Corporate Bankruptcies at Highest Level in 13 Years

U.S. corporate bankruptcies have reached their highest level since 2010. Many American companies have been stumbling in the wake of the pandemic due to increasing interest rates, supply-chain issues, and rising costs. Several of the firms have filed for bankruptcy after access to low interest loans and access to easy money began to wane. “For…


T-Mobile Closes San Francisco Flagship Store as Crime Spins Out of Control

T-Mobile became San Francisco’s latest retailer to flee the city’s downtown area in recent months, citing a drop in foot traffic and a rise in crime. The phone company’s two-story flagship store in San Francisco’s neighborhood of Union Square was permanently closed last month as havoc continues in the once-prominent business district. A note was left…


Musk Warns WhatsApp ‘Cannot Be Trusted,’ Says Twitter Will Soon Allow Voice Calls, Encrypted Messaging

Twitter will soon allow users to make video and voice calls and send encrypted messages, CEO Elon Musk has said. Musk took to the platform on May 9 to announce a string of new features that will be coming to Twitter soon. “With latest version of app [sic], you can DM [direct message] reply to any…


Qantas Appeals to High Court Over Illegal Staff Cut During COVID-19 Pandemic

Australia’s flag carrier Qantas has appealed to the country’s highest court to overturn a ruling that the company illegally laid off nearly 1,700 workers during the COVID-19 pandemic. This comes after the airline lost its appeal against a Federal Court decision in May 2022. In 2020, Qantas announced that it would outsource ground handling operations…


Disney Updates Lawsuit Against DeSantis to Add New Events

ORLANDO, Fla.—Disney on Monday amended its free speech lawsuit against Gov. Ron DeSantis to add recent developments in the tit-for-tat fight between the entertainment giant and the Florida governor, such as a new law granting the state unprecedented authority to inspect a monorail system at Disney World. Disney’s amended complaint filed in federal court in…


[Premiering Now] Asra Nomani on the ‘Unholy Alliance’ Between the Woke Left and the Islamist Right That Is Destabilizing America

“He came to visit a home that I was renting in Karachi, and he went off for an interview. And he never came back. The man whom he was supposed to interview had set a trap for Danny. It was actually a kidnapping scheme. And Danny was never to be seen again.” In 2002, Wall…


Asra Nomani on the ‘Unholy Alliance’ Between the Woke Left and the Islamist Right That Is Destabilizing America

“He came to visit a home that I was renting in Karachi, and he went off for an interview. And he never came back. The man whom he was supposed to interview had set a trap for Danny. It was actually a kidnapping scheme. And Danny was never to be seen again.” In 2002, Wall…