WestJet flight attendants wrap up vote on tentative deal
WestJet flight attendants are wrapping up a week-long vote this afternoon on whether to accept a contract deal struck between their union and the airline.
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Tesla teases imminent launch of Cybercab ‘robotaxi’
Electric vehicle-maker Tesla is teasing the upcoming debut of its self-driving robotaxi, dubbed “Cybercab,” to compete with the likes of Uber and Waymo.
Possible new Roots owner threads plan for global growth
Roots Corp.’s likely new U.S. owner wants to take the storied Canadian brand and export it to the rest of the world.
Volkswagen needs deep cuts to remain competitive, CEO says ahead of crunch talks
Volkswagen CEO Oliver Blume warned on Friday that the car sector’s problems would only intensify in the coming years, arguing deep cost cuts were needed to keep Europe’s top automaker afloat as it gears up for weeks of crunch talks over a planned revamp.
Nvidia invests in data center developer Cloverleaf Infrastructure
Nvidia has made a minority investment in privately held Cloverleaf Infrastructure to develop infrastructure to power AI data center projects across the U.S., the companies said on Friday.
Orbital data center startup Starcloud valued at US$2.3 billion in latest funding
Starcloud, a startup building data centers in space, said on Friday it had raised US$250 million at a US$2.3 billion valuation, as it looks to expand AI infrastructure through orbital data centers.
How Tether’s bitcoin mining plans in Uruguay unraveled
In 2023, Tether said it would build two mining sites in Uruguay, part of a spending spree it said would bring economic development to the country.
Tesla and others begin record vehicle recall in China
Tesla and 10 other automakers said they would recall nearly 4.3 million vehicles over concerns it may be difficult to open doors in an emergency.
Transat’s fuel costs surge by over $100 million as Iran war takes ongoing toll
The parent company of Air Transat says it paid $105 million in additional jet fuel costs in the third quarter compared with a year ago due to higher prices.
Roots agrees to go-private transaction with Marquee Brands
Roots Corp. says it has agreed to a go-private transaction led by Marquee Brands for $4.10 per share.
ACE Robotics chairman says robot brains will have ‘ChatGPT moment’ by end of 2027
Humanoid robot brains could see a breakthrough by late next year similar to the dramatic impact ChatGPT had on AI usage, the chairman of Chinese embodied AI startup ACE Robotics said on Friday.
Samsung Electronics expects shareholder returns up to US$80 billion this year
Samsung Electronics expects its shareholder returns for this year could reach up to 110 trillion won (US$79.54 billion), including 30 trillion won in cash dividends in the third quarter, it said on Friday.
Shein delays IPO to September 1, sources say
Shein aims to launch its Hong Kong initial public offering on Monday, according to a source familiar with the matter, and is targeting a listing on September 1, two other sources said, slightly later than previously planned.
WSP Global continues pursuit of deal to acquire Dutch engineering firm Arcadis
WSP Global Inc. is continuing its pursuit of Dutch engineering firm Arcadis NV even after its latest offer worth about $7.5 billion was rejected last month.
Major Canadian grocery chains accused of negligence for selling diluted maple syrup
Canada’s biggest grocery chains are finding themselves in a sticky situation after being accused of negligence for selling watered-down maple syrup in their stores.