Surging auto sales are prompting some big carmakers to shorten or cancel their traditional summer shutdowns to meet strong consumer demand.
Source :CBC | Business News http://ift.tt/1AIONcW
mardi 2 juin 2015
Strong demand for vehicles shortens planned summer shutdowns at car plants
Source :CBC | Business News http://ift.tt/1AIONcW
Microsoft to build new data centres in Toronto and Quebec City
Microsoft will be building two new data centres in Canada, one in Toronto and one in Quebec.
Source :CBC | Business News http://ift.tt/1QmmbYs
Chancing their arms
A TERRORIST only needs to be lucky once, goes the adage. Their targets need to be lucky every time. That is only partly true. The most serious terrorist plots are meticulous operations. They often involve years of planning. And with the knowledge that their secret network will probably be uncovered whether they succeed or not, their masterminds prefer not to take unnecessary risks. They like to know that the odds are stacked in their favour. So what represents an acceptable risk for potential attackers? A 50% chance of success? That is far too high. Even 75% would probably make a terrorist cell shirk. How about 96%? That sounds a bit more like it.
This should worry passengers travelling through American airports. A report from ABC News suggests that, in a recent test by the country’s Transportation Security Administration (TSA), agents were able to smuggle fake bombs and firearms through airport security on 67 out of 70 occasions—or 96% of the time. The...Continue reading
Source :Business and finance http://ift.tt/1G1yeJm
Greece pitches payback plan to its European creditors
Greece has submitted a proposal for an agreement with its bailout creditors, the prime minister said Tuesday, as the country seeks a deal that will unlock desperately needed rescue money.
Source :CBC | Business News http://ift.tt/1BGV3ga
June 2nd 2015
WHY fears of an economic slump in America are overblown, and why Mark Carney's Financial Stability Board is taking aim at asset managers
Untangling FIFA's mysteries
AMONG the hundreds of crunchy facts and figures in the nearly-200 page American indictment of FIFA-linked officials and executives last week was a tantalising whodunit: the mystery surrounded the identity of a “high-ranking FIFA official” who made a $10m payment in 2008 that is at the heart of the bribery allegations. According to court filings, the money was transferred from the Zurich-based governing body of football to accounts controlled by Jack Warner, a former FIFA official and one of those accused in the indictment. The Americans allege that this was a backhander paid in exchange for supporting South Africa’s successful bid to secure the right to host the World Cup in 2010.
On Tuesday the New York Times, quoting anonymous official sources, reported that the feds believe the payer was...Continue reading
Source :Business and finance http://ift.tt/1EROPKs
House prices may stay high in Canada: Here's why
Foreign banks and international organizations have been warning for years about the looming Canadian property crash. But prices keep rising. Without ruling it out, here is the case for a delayed property shakeout.
Source :CBC | Business News http://ift.tt/1dbAXVi
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