Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment. Shares of the beleaguered New York-based company rose 14 per cent before the bell as it also aims to pare down … Read more
It’s only April, but it’s hard to imagine any album will be heard more this year than Taylor Swift’s The Tortured Poets Department. The album took less than 12 hours to break this year’s record for most single-day Spotify streams, and is projected to sell two million units in its first week. On Thursday, Spotify … Read more
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank on Monday released its business outlook and consumer expectations surveys, which showed increased optimism as people expect interest rate cuts are nearing. Although firms … Read more
In a sea of bright pink feathers, soft trills emerge. A male flamingo rubs its beak against the grey-tufted head of its newly hatched offspring. But the clock is ticking, and the chick and its father must listen closely and learn each other’s voices quickly. Within 10 days of a flamingo chick hatching, its parents … Read more
All members of NATO will eventually have to fulfil the pledge to spend two per cent of their GDP on defence, Poland’s prime minister said on Monday at the conclusion of a meeting in Warsaw with his Canadian counterpart. While praising Canada as one of Poland’s “best allies,” Donald Tusk delicately avoided criticizing Prime Minister … Read more
It’s a store you know by scent. For decades, the sometimes-overwhelming aroma of The Body Shop’s satsuma soaps and coconut body butters have wafted through mall concourses, as much a staple to the culture as the food court. The U.K.-based beauty and cosmetics shop has more than 3,000 retail locations in 70 countries, including 110 standalone … Read more
For two decades, Tamara Franz-Odendaal has been studying how space travel affects the human skeleton. Because of the absence of gravity in space, astronauts experience bone loss when they get back to Earth. “We always think of it as just the scaffold that kind of keeps the body together, but it’s a really dynamic tissue,” … Read more
Canada’s financial intelligence agency warns that illicit cash is being laundered through online gambling sites that provide a variety of ways to disguise shady funds. In a newly published bulletin, the Financial Transactions and Reports Analysis Centre of Canada highlights the criminal exploitation of legitimate and unlicensed digital wagering operations. The centre, known as Fintrac, … Read more
Hasbro said on Monday it would cut another 900 jobs globally, nearly a year after the toymaker announced it would reduce 15 per cent of its workforce amid weaker sales. Hasbro had said in January it would cut about 1,000 full-time positions. On Monday, the company said it had already cut 800 jobs. Hasbro had employed … Read more
