Tausi Insider

A top European Union official warned Elon Musk on Wednesday that Twitter needs to beef up measures to protect users from hate speech, misinformation and other harmful content to avoid violating new rules that threaten tech giants with big fines or even a ban in the 27-nation bloc. Thierry Breton, the EU’s commissioner for digital policy, told the billionaire Tesla CEO that the social media platform will have to significantly increase efforts to comply with the new rules, known as the Digital Services Act , set to take effect next year. The two held a video call to discuss Twitter’s preparedness for the law, which will require tech companies to better police their platforms for material that, for instance, promotes terrorism, child sexual abuse, hate speech and commercial scams. It’s part of a new digital rule book that has made Europe the global leader in the push to rein in the power of social media companies, potentially setting up a clash with Musk’s vision for a more unfettered T...

A man walks at automaker General Motors (GM) Brightdrop unit's CAMI EV Assembly, Canada's first full-scale electric vehicle manufacturing plant, in Ingersoll, Ontario, Canada December 5, 2022. REUTERS/Carlos Osorio CARLOS OSORIO/Reuters Robert Asselin is senior vice-president of policy at the Business Council of Canada and former policy adviser to two prime ministers. When he became a presidential candidate back in 2019, Joe Biden made it unambiguously clear that his administration would pursue an aggressive industrial strategy to ensure U.S. competitiveness vis-à-vis China in key advanced industries and technologies. The recent adoption by Congress of the Inflation Reduction Act (IRA) and the CHIPS and Science Act – which received broad bipartisan support – are the manifest incarnations of his long-stated policy objective . For Canada, though, it is still searching for its own industrial strategy. As far back as August, 2020, I’ve written that Canada would be ill-advised t...

The Canadian dollar CADUSD strengthened against its U.S. counterpart on Thursday as the price of oil rebounded and ahead of a speech by a senior Bank of Canada official that could offer clues on the likelihood of additional interest rate hikes. Oil, one of Canada’s major exports, rose after four sessions of decline, boosted by hopes that easing anti-COVID-19 measures in China will revive demand and by signs that some tankers carrying Russian oil have been delayed after a G7 price cap came into effect. U.S. crude prices were up 2.2 per cent at $73.60 a barrel, while the Canadian dollar gained 0.6 per cent to 1.3565 per greenback, or 73.72 U.S. cents. It traded in a range of 1.3562 to 1.3688, after touching on Wednesday its weakest intraday level in more than one month at 1.3699. Sharon Kozicki, a deputy governor at the Bank of Canada, is due to give an economic progress after the central bank on Wednesday hiked its benchmark overnight interest rate by half a percentage point and signa...

Bank of Canada Governor Tiff Macklem conducts an end-of-year fireside chat with the Business Council of British Columbia, in Vancouver, on Dec. 12. JENNIFER GAUTHIER/Reuters Bank of Canada Governor Tiff Macklem said there is a “greater risk” of not doing enough to tackle inflation than doing too much and damaging economic growth, even as the bank has signalled that it is nearing the end of its aggressive rate-hike cycle. In a year-end speech in Vancouver, Mr. Macklem reiterated that the central bank has entered a new phase of monetary policy. After raising interest rates seven consecutive times, the bank has moved from asking how big the next rate hike should be to asking whether to raise interest rates at all. That could mean a pause to rate increases as early as January. But Mr. Macklem also suggested that the bank remains concerned about throwing in the towel too early. The annual rate of inflation was 6.9 per cent in October, still more than three times the bank’s 2-per-cent infl...

Bank of Canada Governor Tiff Macklem conducts an end-of-year fireside chat with the Business Council of British Columbia, in Vancouver, on Dec. 12. JENNIFER GAUTHIER/Reuters Bank of Canada Governor Tiff Macklem said there is a “greater risk” of not doing enough to tackle inflation than doing too much and damaging economic growth, even as the bank has signalled that it is nearing the end of its aggressive rate-hike cycle. In a year-end speech in Vancouver, Mr. Macklem reiterated that the central bank has entered a new phase of monetary policy. After raising interest rates seven consecutive times, the bank has moved from asking how big the next rate hike should be to asking whether to raise interest rates at all. That could mean a pause to rate increases as early as January. But Mr. Macklem also suggested that the bank remains concerned about throwing in the towel too early. The annual rate of inflation was 6.9 per cent in October, still more than three times the bank’s 2-per-cent infl...

Twitter’s unprecedented suspension of at least five journalists over claims they revealed the real-time location of owner Elon Musk drew swift backlash from government officials, advocacy groups and journalism organizations across the globe on Friday. Officials from France, Germany, the U.K. and the European Union condemned the suspensions, with some saying the platform was jeopardizing press freedom. The episode, which one well-known security research labeled the “Thursday Night Massacre,” is being regarded by critics as fresh evidence of the billionaire, who considers himself a “free speech absolutist,” eliminating speech and users he personally dislikes. Roland Lescure, the French Minister of Industry, tweeted on Friday that following Musk’s suspension of journalists, he would suspend his own activity on Twitter. Melissa Fleming, head of communications for the United Nations, tweeted she was “deeply disturbed” by the suspensions and “media freedom is not a toy.” The German Foreign...

It’s that time of year again, when we consider how to reward friends, loved ones and acquaintances with corporate stocks that will add to the warmth and glow of the holiday season. But how should we match stock with recipient? Dad seems to own everything already. Jules says she isn’t going near another initial public offering with the Fed withdrawing liquidity. And young Kyle seems so obsessed with free cash flow these days. We’re here to help, with the Globe and Mail gift guide, 2022 edition – where we put the stock into stocking stuffer. For dividend decor: Canadian Natural Resources Ltd. If you’re like many dividend-loving Canadians during the holidays, your home is probably filled with sparkling displays of banks, pipelines and telecoms. Is there room for yet another cash-flowing centrepiece? This season, consider looking beyond stocks with the biggest yields and instead turn your attention toward dividend growers – companies that are generating loads of cash and have good track ...

It’s that time of year again, when we consider how to reward friends, loved ones and acquaintances with corporate stocks that will add to the warmth and glow of the holiday season. But how should we match stock with recipient? Dad seems to own everything already. Jules says she isn’t going near another initial public offering with the Fed withdrawing liquidity. And young Kyle seems so obsessed with free cash flow these days. We’re here to help, with the Globe and Mail gift guide, 2022 edition – where we put the stock into stocking stuffer. For dividend decor: Canadian Natural Resources Ltd. If you’re like many dividend-loving Canadians during the holidays, your home is probably filled with sparkling displays of banks, pipelines and telecoms. Is there room for yet another cash-flowing centrepiece? This season, consider looking beyond stocks with the biggest yields and instead turn your attention toward dividend growers – companies that are generating loads of cash and have good track ...