How Freedom Mobile disrupted the Rogers, Bell and Telus ‘oligopoly’ — and why the Competition Bureau wants to save it

If you thought Canada’s wireless market was uncompetitive, it’s not just in your head. The Competition Bureau agrees, and this week it laid out hundreds of pages of evidence pointing to the “comfortable oligopoly” and “history of parallel co-ordinated behavior” by the big three national cellphone carriers, Rogers, Telus and Bell. But since Rogers announced … Read more

‘More foreign workers needed’: Businesses call for reclassification of services sector to tackle manpower crunch

SINGAPORE — The Singapore Business Federation (SBF) wants the Government and related stakeholders to review the classifications within the services sector, so that businesses reliant on foreign manpower can hire more of these workers or redeploy workers who were in pandemic-related roles to join the sector. These were among the suggestions on how to fight … Read more

Supercheap Auto worker in confrontation with alleged shoplifter using pram leaves company

A Supercheap Auto worker who confronted a woman as she allegedly used a pram to steal from a Gold Coast store has left the company. The employee was stood down from his position this week as the retailer conducted a review into the incident. The decision to stand him down sparked a backlash against the … Read more

KPMG fined £14m for forging documents over Carillion collapse

Senior accountants at KPMG forged documents in an effort to mislead regulators over botched audits at the collapsed outsourcer Carillion. Six staff at the business were found by a tribunal to have created “fabricated” meeting minutes to cover up procedural failures at Carillionwhich became Britain’s biggest corporate failure for decades when it went bust in … Read more

‘Friday the 13th’ legal battle is just the tip of this Hollywood horror story

CNN — It wasn’t a shock when LeBron James showed up to a Lakers game on Halloween 2018 dressed as Jason Voorhees from the “Friday the 13th” horror films. James had previously called the series “one of my favorites” and posted an Instagram photo of himself dressed in Jason’s chosen head gear, a hockey mask. … Read more

Rishi Sunak’s tax raids trigger recession warning

Samuel Tombs at Pantheon Macroeconomics said he expects households’ real expenditure to “buckle” in the second quarter under the weight of the “huge jump in energy prices and the increase in employees’ national insurance contributions”, causing GDP to fall. Barret Kupelian, economist at PwC, said the NI rise and the freeze to tax thresholds “amplified” … Read more

5 things to know before the stock market opens Thursday, May 12

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures drop after Wall Street extends its multiday losing streak Traders on the floor of the NYSE, May 11, 2022. Source: NYSE US stock futures Thursday as the broad sell-off and revaluation of risk assets continued … Read more

Australia housing market: How long it takes first home buyers to save house deposit

A new report has revealed how long it takes Australian first home buyers to save for a deposit, as property market prices continue to radically outweigh wages. The report by ANZ and CoreLogic – a property data firm – shows it would take first home buyers, living on an average weekly salary of $1,665, more … Read more

As the Aussie dollar falls against the US dollar, more economic pressure looms for households

The Australian dollar has become a little unpopular of late. In April it was trading above 75 US cents, but this week it’s fallen below 70 US cents. For currency market watchers, that’s a sizeable move in just a couple of months. The lower the dollar falls, the more upwards pressure it will put on … Read more

BlackRock ditches green activism over Russia energy fears

BlackRock has warned it will vote against most shareholder green activism this year for being too extreme, in a significant u-turn by the world’s biggest money manager. The company said it was concerned about proposals to stop financing fossil fuel companies, including forcing them to decommission assets and setting absolute targets for reducing emissions in … Read more