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Chip shortage forces GM to extend factory closures

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General Motors Co. will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and sport utility vehicles, it said on Thursday.

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Canada's trade surplus narrows to $778M in July as imports outpaced exports

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Statistics Canada says the country’s merchandise trade surplus fell to $778 million in July as imports rose more than exports for the month.

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Apple eases App Store rules to allow for outside links to paid subscriptions

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Apple is relaxing rules to allow some app developers such as Spotify, Netflix and digital publishers to include an outside link so users can sign up for paid subscription accounts.

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Amazon to recruit 55,000 staff globally in tech and office roles

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Technology sector Amazon to recruit 55,000 staff globally in tech and office roles Retailer says it will add 40,000 jobs in the US and 2,500 in the UK to support plans for rapid growth Richard Partington Economics correspondent @RJPartington Wed 1 Sep 2021 15.28 EDT – Amazon is planning to hire 55,000 staff in corporate […]

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After CN's setback, CP once again opens door to Kansas City Southern takeover

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Canadian Pacific Railway Ltd. has approached the Kansas City Southern board to reaffirm its interest in taking over the railway after U.S. regulators rejected a key part of Canadian National Railway Co.’s bid.

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The pandemic caused shortages of everything — and experts say we should get used to them

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Shipping bottlenecks, supply chain nightmares and a continuing shortage of semiconductors have pushed up costs of just about everything — and experts say we’re still a long way away from any sort of relief for Canadian businesses and consumers.

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Canadian Uber Benefits Maneuver, Mexico Uber May Pay Social Security

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Canadian Uber Benefits Maneuver, Mexico Uber May Pay Social Security

Uber Technologies is making a new app-based worker benefits maneuver in Canada — a proposed flexible benefits fund managed by delivery and rideshare companies and blessed by the Provincial governments. Meanwhile, Uber in Mexico is reportedly mulling paying social security taxes for gig-worker drivers there. Both developments come as Uber and other gig-worker companies are […]

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U.S. rail regulator rejects CN's voting trust bid to buy Kansas City Southern

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American railway regulator the Surface Transportation Board has blocked Canadian National Railway’s bid to buy Kansas City Southern in its current form because the deal would include a voting trust that runs afoul of the rules.

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Fraud trial for CEO of bogus blood testing company Theranos set to begin

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Theranos founder Elizabeth Holmes’s claims that she was abused by the company’s chief operating officer, who at the time was her boyfriend, could complicate jury selection in her highly anticipated fraud trial, legal experts said.

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Canada's GDP shrank by 0.3% in 2nd quarter, ending 9-month streak of expansion

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Canada’s economy shrank by 0.3 per cent in the three months between April and June as the third wave of COVID-19 prompted consumers and businesses to keep spending to a minimum.

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