Business News

Travel, tourism sectors set for major recovery this year: Report – Business News

May 21, 2023

Tourism set for rebound

The Canadian Press – | Stories: 426807

A new report finds that Canada’s travel and tourism sector is poised for a big post-pandemic rebound.

The World Travel and Tourism Council says the industry is set to contribute $162.6 billion to the Canadian economy in 2023, up more than 17 per cent from last year.

Conducted in partnership with Oxford Economics, the council’s latest research forecasts the sector is also within sight of the previous peak of $173.9 billion in 2019.

If achieved, the activity would furnish

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Business News

Twitter hunts Github user who posted source code online – Business News

April 21, 2023

Some parts of Twitter’s source code — the fundamental computer code on which the social network runs — were leaked online, the social media company said in a legal filing that was first reported by The New York Times.

According to the legal document, first filed with the US District Court of the Northern District of California on Friday, Twitter had asked GitHub, an internet hosting service for software development, to take down the code where it was posted. The platform complied and said the content had been disabled, according to the filing.

Twitter, based in

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Business News

Twitter celebs balk at paying Elon Musk for blue check mark – Business News

April 15, 2023

William Shatner, Monica Lewinsky and other prolific Twitter commentators — some household names, others little-known journalists — could soon be losing the blue check marks that helped verify their identity on the social media platform.

They could get the marks

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Business News

US opens investigation into Tesla seat belts coming loose – Business News

April 3, 2023

Tesla seat belt investigation

The Associated Press – | Stories: 418260

US highway safety regulators have opened yet another investigation into problems with Teslas, this time tied up complaints that the seat belts may not hold people in a crash.

The investigation by the National Highway Traffic Safety Administration covers an estimated 50,000 Model X SUVs from the 2022 and 2023 model year.

The agency says it has had two complaints from Tesla owners that the front belts weren’t sufficiently connected at the factory.

Documents posted by the agency Tuesday

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Business News

Bed Bath & Beyond Canada is going out of business, closing 54 stores

March 10, 2023

Bed Bath & Beyond’s Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a US bankruptcy.

The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the consultancy website Alvarez & Marsal showed. Alvarez & Marsal has been appointed as a monitor of the business in the Canadian court case.

The Canadian business does not have the “capacity or ability to independently effect a recapitalization or restructuring of the Canadian operations without

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