San Francisco The novel coronavirus pandemic can wipe out more than $44 billion in global ad revenue for the tech giants Facebook and Google in 2020 as digital advertising runs dry, a new report has predicted. According to global investment bank and financial services company Cowen & Co., Google’s total net revenue is projected [...]
(Reuters) - The death toll from the coronavirus pandemic continued to rise on Thursday, after the World Health Organization said the global case count would reach 1 million and the death toll 50,000 in the next few days and economic pain deepened with another record week of jobless claims in the United States. DEATHS, [...]
NEW YORK (Reuters) - The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued to take shelter in the greenback. U.S. jobless claims in the latest week soared to a record level, yet the dollar’s reaction was tepid [...]
(Bloomberg) -- Oil soared after U.S. President Trump said that he expects Saudi Arabia and Russia to cut production back by 10 million barrels or more after he spoke with Crown Prince Mohammed Bin Salman on Thursday. It wasn’t clear if Trump meant 10 million barrels a day, but the announcement caused West Texas [...]
The videoconferencing app Zoom has come under fresh high-level scrutiny as its popularity soars during the coronavirus pandemic. New York's attorney general has written to the firm raising concerns over its ability to cope with the rise in users. Zoom is now being used by millions of people for work and leisure, as lockdowns [...]
OTTAWA — Prime Minister Justin Trudeau and Conservative Leader Andrew Scheer are among the MPs who are promising to donate an automatic increase in their salaries to charity, as the COVID-19 pandemic ravages the economy and puts thousands of Canadians out of work. The raise goes into effect today, as does the latest increase [...]
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government [...]
Canadians rely on radio and television to stay up to date on matters related to COVID-19. The government knows that our Canadian broadcasters have been working around the clock to deliver news and information programming, while facing operational challenges and significant declines in advertising revenue. This is why, after discussions with the Government of [...]
The next stage of cannabis legalization in Canada is expected to create a consumer market for edibles and other alternative cannabis products worth more than $2.5 billion a year and generate higher profits for retailers than cannabis products that are already legal, according to Deloitte's latest annual report on the country's cannabis industry. With [...]
Three weeks following the first anniversary of legalization on November 8, 2019, the top cannabis people, brands, organizations and products of 2019 were recognized at the sixth annual Canadian Cannabis Awards (CCA). Presented by Lift & Co., a total of 32 awards were announced in both consumers’ choice and judged categories at a black-tie [...]