Category: Business News

Canada must lead the way on expelling Russia from the UN

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Business News
Article content Canada has not been punched above its weight on the world stage since the Liberals came to power in 2015, but could vindicate itself by leading a movement to immediately expel Russia from the United Nations and its Security Council. Article content It’s unacceptable that Russia remains on the United Nations Security Council and keeps a veto that has basically deadlocked the body over the years and prevented it from taking action against the invasion of Ukraine. Article content Russia and four other countries — China, the United States, France and Britain — have permanent seats on the…

Want a digital Canadian dollar? The Bank of Canada wants to know

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Article content The Bank of Canada said it still thinks a digital version of the dollar is unnecessary, but it wants to know what Canadians think about the possibility anyway. Article content Canada’s central bank stepped up its years-long investigation of cryptocurrency on May 8, initiating a public consultation on the subject of a central bank digital currency. Policymakers said they will take submissions until June 19. Article content “As Canada’s central bank, we want to make sure everyone can always take part in our country’s economy,” senior deputy governor Carolyn Rogers said in a press release on May 8.…

Diamonds and other stones

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Business News
When it comes to buying a diamond, there are many factors to consider, including the 4 C’s (cut, clarity, color, and carat weight). Another factor to consider is whether you want a natural diamond or a lab made diamond, also known as man made diamonds. Here are some things to keep in mind when choosing man made diamonds for your jewelry. One of the biggest benefits of man made diamonds is their cost. Man made diamonds are typically less expensive than natural diamonds of similar size and quality. This makes them a great option for those who want a larger…

6 ways to make more income from your investments

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Breadcrumb Trail Links Investors The downside from here is much smaller than the upside Published May 09, 2023 • Last updated 3 hours ago • 5 minute read A monitor with stock market information on the floor of the New York Stock Exchange. Photo by Michael Nagle/Bloomberg files Article content There are some unique opportunities in every investment market, and we’re not talking about artificial intelligence and lithium mining here, but the joys of some sources of high income. Advertisements 2 This advertisement has not been loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY…

Tupperware stock plummets after warning it may go out of business

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Tupperware says it may go out of business Tupperware may go out of business, the company warns 04:34 Tupperware is warning it may go out of business, just three years after the retro brand enjoyed a surprise surge from legions of pandemic shut-ins trying their hands at cooking. The Orlando-based company said it had “substantial doubt about its ability to continue as a going concern” in a press release and filing securities. Shares of the direct marketing company plunged 50% after the announcement late Friday. Tupperware’s stock was trading at about $1.28 a share Tuesday, down 70% since the start…

Food storage brand Tupperware warns it could go out of business

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Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shops. In a release dated April 7, the Orlando, Florida-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.” That same day, Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment to maintain access to the company’s main line of credit. “If such demand for repayment was to occur, the…

Tupperware shares tank as company warns it may go out of business

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Shares in Tupperware have tumbled to their lowest level on record as the iconic food storage company warned investors that it is in danger of going out of business. The company’s stock price fell by 50 per cent on Monday after the company said in a press release over the holiday weekend that it has hired financial advisors to explore options for the company and to “remediate its doubts regarding its ability to continue as a going concern .” Shares in Tupperware had been on a downslope for years, as the company’s 77-year-old main business model of selling direct-to-consumers via…

Settlement reached in Fox vs Dominion lawsuit

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Justin Nelson, Dominion’s lead counsel, appears on CNN. (CNN) Dominion Voting Systems had two goals in its defamation case against Fox News — accountability and “trying to make Dominion whole,” said Justin Nelson, the lead counsel election technology company. Both were accomplished in this settlement, he told CNN on Tuesday. The payment of more than $787 million by Fox News to Dominion and the network’s statement acknowledging that its coverage of the 2020 election was false was “a strong message of accountability” and an important victory for the employees of his client’s company. “This is really the first time that…