Day 69:34A small business owner resists Momofuku’s bid to trademark Chili Crunch Celebrity chef David Chang says he will no longer enforce the trademark for his chili crunch condiment. The reversal comes after days of criticism, as some said his company, Momofuku, had attempted to bully business owners from selling their own version of the … Read more
Lightspeed Commerce is cutting about 280 jobs, less than two months after its founder returned to the helm of the Montreal-based technology company. After integrating the company’s many acquisitions, “Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front of us,” said founder and chief executive Dax Dasilva. … Read more
B.C.’s director of civil forfeiture has filed an unexplained wealth order in an attempt to seize a quarter-million dollars in cash, 45 gold bars, luxury watches and jewelry that were contained in a safety deposit box belonging to the co-founder of a notorious B.C.-based cryptocurrency exchange scam. Documents filed in B.C. Supreme Court say the items are the proceeds … Read more
boAt – India’s pride and world’s second largest audio wearable brand today announced a partnership that electrifies the industry – Bollywood powerhouse Ranveer Singh has not only joined the boAt family, but also invested an undisclosed amount in the company, becoming akey stakeholder in its future. Ranveer Singh invests in boAt; becomes official face of … Read more
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policy-makers scramble to contain the deepening crisis. Evergrande, the world’s most indebted developer with more than $300 billion US in total liabilities, sent a struggling property sector into a … Read more
Improved financial performance at Vancouver-based retailer Aritzia sent the company’s stock soaring on Thursday morning by more than 20 per cent, though some experts warn the company isn’t out of the woods after a challenging year saw the company’s red-hot hype start to simmer down. The clothing chain announced its latest quarterly earnings on Wednesday after … Read more
A key Flair Airlines investor says a $30-million lawsuit filed against it by plane-leasing firms over claims of missed payments is “premature at best.” Miami-based 777 Partners, which owns one-quarter of Flair, confirmed that three lessors of aircraft that were repossessed from the budget carrier last spring filed their claim in London in December over … Read more
Whether it’s mutual funds, savings accounts or stock trading, millions of Canadians depend on investments for their financial future. But for some Muslims, faith took many monetary options off the table because of religious restrictions around concepts like paying — or being paid — interest. It meant for years Canadians like Ammar Maqsud, who observes those religious tenets, couldn’t even put money in … Read more
Federal Energy Minister Jonathan Wilkinson says Alberta Premier Danielle Smith’s claim that Canada can achieve carbon neutrality in 2050 while simultaneously increasing oil and gas production is “incoherent.” Smith has long argued that carbon neutrality is about a transition away from emissions and not a transition away from oil and gas production, a source of … Read more
