Friday, December 19, 2014

Business

Ottawa confirms next wireless auction will reserve 60 per cent for new carriers

VANCOUVER — The federal government confirmed Thursday that a forthcoming wireless auction will reserve more than half of the new spectrum for carriers other than the Big Three.

A stronger Cuban economy could eventually benefit Canada’s, say experts

OTTAWA — Experts believe closer ties between the United States and Cuba will eventually make economic waves for Canadian business, though it remains unclear who stands to benefit — or lose out.

Putin voices confidence ruble will recover, accuses West of trying to corner Russia

MOSCOW — Russian President Vladimir Putin vowed Thursday to fix Russia’s economic woes within two years, pledging to diversify the gas-dependent economy and persuade businesses to help prop up the collapsing ruble.

A look at North Korea’s cyberwar capabilities, and what could be next, after link to Sony hack

SEOUL, South Korea — Most North Koreans have never seen the Internet.
But the country Washington suspects is behind a devastating hack on Sony Pictures Entertainment has managed to orchestrate a string of crippling cyber infiltrations of South Korean computer systems in recent years, officials in Seoul believe, despite North Korea protesting innocence.

Shale gas not worth the risk, Quebec environmental agency says

MONTREAL — Quebec’s environmental review board has concluded that exploiting the province’s shale gas deposits is not worth the risk.
The agency’s highly anticipated report — released Monday — stated there are too many potential negative consequences to the environment and to society from extracting natural gas from shale rock along the St. Lawrence River.

Oil has fallen by nearly half, to recession levels, as US economy improves. Why, what to know.

NEW YORK — The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing.

Crowdfunding turns tiny Canadian companies into booming international businesses

TORONTO — There was $1.3 million raised for high-fidelity wireless speakers, almost $1.2 million for specialty drones and $820,000 for smart-bikes.
In 2014, three tiny Canadian companies went from teetering in obscurity to making headlines on tech blogs around the world thanks to successful crowdfunding campaigns that spurred exponential growth almost overnight.

Federal government to hike next year’s transfers to Ontario by $1.25B

TORONTO — Ontario will receive an additional $1.25 billion from the federal government next year, following a concerted campaign by the premier to get Ottawa to hand over more money in transfers.
Premier Kathleen Wynne and her finance minister had complained that the federal government shortchanged the province in 2014-15 by $640 million when it unilaterally tweaked the transfer calculations.

Google among major US companies researching use of colour in business initiatives

NEW ORLEANS — Google is one of the major U.S. corporations researching the power of colour in the working world, in everything from workspaces to marketing and branding.

Vermont folk artist wins trademark protection for ‘eat more kale’ phrase

MONTPELIER, Vt. — A Vermont folk artist who became a folk hero to some after picking a fight with fast-food giant Chik-fil-A over use of the phrase “eat more kale” — similar to their trademarked “eat mor chikin” —has won his legal battle.

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