Business And Finance

The best—and worst—places to be a working woman

“PRESS for progress” is the theme of this year’s International Women’s Day on March 8th. As our sixth glass-ceiling index shows, disparity between countries remains wide. But women have made some progress towards equality in the workplace in the past year. The index ranks the best and worst countries to be a working woman. Each score is based on average ...

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PepsiCo shuts down Alberta Spitz sunflower seed factory

More than thirty years after Spitz sunflower seeds first sprouted in Alberta, the last factory in the province is set to shut down. PepsiCo is closing the Bow Island processing plant in July, and laying off 53 workers from the small community of just 2,000 residents in the process. “Most of our businesses are small business that employ anywhere from two to ...

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Recent tax reforms in America will hurt charities

DESPITE its oft-professed pro-market orthodoxy, America has always had an unusually large non-profit sector. Americans gave $390bn to charity in 2016, with the bulk of contributions coming from individual donors. Historically, revenues at non-profits tend to track GDP growth. The recent tax reforms imply that despite strong economic growth, charitable contributions in America are poised to fall for the first ...

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Why the cannabis tax will only be one small part of government windfall: Don Pittis

Governments across Canada are already making money on legal recreational marijuana and they haven’t sold a gram here. As governments at all levels bicker about their slice of the pot pie, experts say the excise tax they are fighting over is only one part of the pickings governments will harvest from expanding legal sales. Yesterday, the country’s biggest marijuana producer, Canopy Growth, which was an ...

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Those Brexit clichés explained

EVER since February 2016, when David Cameron, the British prime minister, called a referendum on the UK leaving the EU, the debate has been clouded by catchphrases, similes and confusing metaphors. If you haven’t followed the debate religiously, or you are unfamiliar with British idioms, these may be mysterious. So as the negotiations reach a critical stage, here is your cut-out-and-keep ...

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Iceland's bitcoin miners will guzzle more energy than its homes in 2018

Iceland is expected to use more energy “mining” bitcoins and other virtual currencies this year than it uses to power its homes. With massive amounts of electricity needed to run the computers that create bitcoins, large virtual currency companies have established a base in the North Atlantic island nation blessed with an abundance of renewable energy. The new industry’s relatively ...

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What Natarajan Chandrasekaran must do next at Tata

FACED with complexity humans often resort to a heuristic, a rough mental template that gets the job done. That could come in handy at Tata Group, India’s largest business, whose dizzying mix of scale, palace politics and sense of moral purpose defy any categorisation. Tata’s boss, Natarajan Chandrasekaran, known as Chandra, has been in the job for a year. He ...

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