Economy
Dockers end three-day strike at Montreal port
Dockworkers at the port in Montreal, the second-largest in Canada, ended a partial three-day strike as scheduled on Thursday, officials confirmed, with both sides summoned to mediation. "The three-day strike is over," Isabelle Pelletier, spokeswoman for the Maritime Employers Association, told AFP. A federal mediator has summoned both sides to a meeting on Friday.
Canadian auto parts magnate faces more sexual assault charges
Three more women have come forward with sexual assault accusations against Frank Stronach, the founder of Magna International, one of the world's largest auto parts companies, court records showed Thursday. Stronach, an Austrian-born rags-to-riches immigrant, grew a small Canadian tool and die company into one of the world's largest automotive parts manufacturers, Magna International.
What next for OpenAI after $157 billion bonanza?
ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round. - The funding - OpenAI raised $6.6 billion in cash and secured a $4 billion credit line, catapulting the company to a staggering $157 billion valuation.
Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF
A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP. "Preliminary official estimates indicate an 86 percent decline in GDP in the first half of 2024" in Gaza, said International Monetary Fund communications chief Julie Kozack.
Revolut urges Meta to step up on cyber fraud reimbursement
British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as "woefully" inadequate.
Sri Lanka's new president seek changes to IMF deal
Sri Lanka's new president Thursday urged the IMF to consider "alternative means" to continue with a $2.9 billion bailout that aided his country in the wake of a sovereign default but imposed painful austerity. Sri Lanka declared a sovereign default on its $46 billion debt in April 2022 after running out of foreign exchange.
Naira starts new month low against the dollar in official window, rises in black market
The Nigerian currency, the naira, plummeted to its lowest in history in the official market on Wednesday, October 2024, beginning the month low against the dollar.
'Welcome relief': Asia producers hail EU deforestation law delay
Producers from Malaysia's palm oil industry to Vietnam's coffee sector on Thursday welcomed a European Union decision to delay implementation of its anti-deforestation rules. Malaysia's Palm Oil Council welcomed the proposed delay as a "victory for common sense".
Japan PM slated to announce plans for 'happiness index'
Japan's Prime Minister Shigeru Ishiba will propose a new happiness index during his first parliamentary policy speech on Friday, local media have reported. The premier will also announce plans to increase Japan's average minimum wage to 1,500 yen ($10.22) by 2030, from the current 1,055 yen, local media reported.
Economy
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