The Bank of Industry (BOI) says it has disbursed N22.89 billion to 29 manufacturers. The money is part of the N75 billion manufacturing sector intervention fund. Its Managing Director, Olasupo Olusi, made this known on Monday at the first BOI interactive session with the Organised Private Sector in Abuja, which was monitored virtually. Mr Olusi … Read more
Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Tupperware, based in Orlando, Fla., plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just before midnight on Tuesday. The company … Read more
Léa Paquette’s graduation gala in April was awkward to say the least. Recent 3D-animation graduates dressed to the nines, mingled in a room of industry professionals in downtown Montreal, exchanging LinkedIn profiles and polite smiles while everyone desperately tried to ignore the CGI elephant in the room: there’s no work. When they got into school, … Read more
Extreme weather events like fires, floods, heat waves and droughts pose an increasing risk to Canada’s food supply chain, putting pressure on prices all the way to the grocery store shelf, say experts. “Anytime you have major weather-related events, it tends to increase costs,” said Frank Scali, vice-president of industry affairs at Food, Health & … Read more
The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process. That’s according to the central bank’s newly released summary of deliberations detailing discussions ahead of the July 24 rate decision. “With the emergence of slack … Read more
As the federal government moves to restrict the number of temporary workers in the country, a relatively new program to bring refugees to Canada on a permanent basis is beginning to catch on with employers. The Economic Mobility Pathways Pilot (EMPP) is a federal program aimed, in part, at easing the labour shortages facing many … Read more
Ahmedabad: National Stock Exchange Managing Director and CEO Ashishkumar Chauhan on Wednesday said he is confident that India’s wealth will increase 1,000 per cent over the next 50 years, thanks to the young population and technological advancements. Speaking as the chief guest at the 23rd convocation ceremony of the Entrepreneurship Development Institute of India (EDII) … Read more
Airline executives are frustrated with Boeing as its safety crisis has upended their business plans. But in a tight market for large aircraft supplied by two companies, they have little choice but do business with the U.S. plane maker. Despite some public displays of alarm — United Airlines CEO Scott Kirby flew to France to … Read more
Tata Motors’ Sanand Plant in Gujarat, India, celebrated a significant milestone, reaching the production landmark of 1 million cars. The plant, which was established around 14 years ago to manufacture small cars, has evolved into a key facility for producing electric vehicles (EVs) and factory-fitted compressed natural gas (CNG) cars. According to Shailesh Chandra, Managing … Read more
G Square, South India’s largest plot promoter today announced the grand success of its latest project, G Square Atlantis in Ambattur. The project located near the Chennai Bypass witnessed more than 95 percent sales in just the first three days. G Square Atlantis in Ambattur, … Read more
