Economy

Air Canada denies passenger compensation claims for understaffing, citing safety – Reuters

Air Canada denies passenger compensation claims for understaffing, citing safety – Reuters

Photo: The Canadian Press An Air Canada plane takes off from Trudeau Airport in Montreal, Thursday, June 30, 2022. Less than four hours before departure, Ryan Farrell was surprised to learn that his flight from Yellowknife to Calgary had been cancelled. Air Canada cited “crew constraints” and booked him on a plane departing 48 hours …

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Private equity lobby wins tax hike relief in Cut Inflation Act

Private equity lobby wins tax hike relief in Cut Inflation Act

Comment this story Comment Senate Democrats agreed on Sunday to shield private equity firms from a new $1 billion minimum corporate tax, bowing to pressure from Sen. Kyrsten Sinema (D-Arizona), who has insisted on bringing change to the sprawling sprawl of Democrats. climate, health and taxation. The decision came as Democrats tried to hold their …

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Public perception of the economy is at its lowest since 2008, with 69% saying it is ‘getting worse’

Public perception of the economy at lowest since 2008: More Americans say they trust the GOP to handle issues that affect their pockets, new poll finds New poll shows nearly 7 in 10 Americans think the economy is ‘getting worse’ Just 12% say it’s ‘getting better’ under Joe Biden’s leadership In 2008, the same poll …

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The Biggest Change to Our Financial System in 50 Years Happens in November… | by Richard Knight | August 2022

International payments go blockchain (ISO 20022) Many cryptocurrency investors are looking to reap massive returns as the 50-year-old international payment system transitions to blockchain from November 2022. It is part of what is known as ISO 20022, a single standardization approach to be used by all financial standardization initiatives. The new normalization is expected to …

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Walmart faces inflation, overstock and overstaffing

Walmart has cut hundreds of corporate roles. The company has repeatedly sounded the alarm about inflation and economic uncertainty. Given Walmart’s influence and reach, its struggles could point to industry-wide struggles for retailers. Loading Something is loading. Walmart caused a stir on Monday by laying off around 200 company employees – a move that indicates …

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US Surpasses Peak Inflation After Tesla Sells 90% of Bitcoin

Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts US inflation has already peaked. Speaking at Tesla’s 2022 annual meeting of shareholders on August 5, Elon Musk predicted that a coming US recession would only be “mild to moderate”. Musk on costs: “The trend is downward” After recently selling nearly all …

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Inflation Reduction Act: Senate set to pass after long debate

Comment this story Comment Senate Democrats worked Sunday to quell a series of last-minute skirmishes that slowed passage of a sprawling package aimed at cutting health care costs, raising business taxes, cutting the budget deficit federal government and inject a historic burst of cash into climate action efforts. change. More than 17 hours into a …

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