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Amazon begins mass layoffs among its corporate workforce

Amazon begins mass layoffs among its corporate workforce

NEW YORK (AP) — Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment.
Vietnamese electric vehicle maker VinFast launches first showroom in Canada

Vietnamese electric vehicle maker VinFast launches first showroom in Canada

TORONTO — Vietnamese electric vehicle maker VinFast says it has opened its first 91Ô­´´ showroom as it prepares for a wider expansion into the market.
NFI Group reports US$42.6M Q3 loss, revenue up from year ago

NFI Group reports US$42.6M Q3 loss, revenue up from year ago

WINNIPEG — NFI Group Inc. reported a loss of US$42.6 million in its latest quarter compared with a loss of US$15.4 million in the same quarter last year as its revenue edged higher.
Toronto-based Waabi launches AI-powered self-driving system for trucking

Toronto-based Waabi launches AI-powered self-driving system for trucking

Toronto-based Waabi says it is launching its self-driving system in the real world as it looks to push trucking towards a more autonomous future.
Studies find automatic braking can cut crashes over 40%

Studies find automatic braking can cut crashes over 40%

DETROIT (AP) — Two new U.S. studies show that automatic emergency braking can cut the number of rear-end automobile crashes in half, and reduce pickup truck crashes by more than 40%.
Consumer Reports survey: Hybrids are most reliable vehicles

Consumer Reports survey: Hybrids are most reliable vehicles

DETROIT (AP) — Gas-electric hybrids were the most dependable vehicles sold in the U.S. in the past year, while big pickup trucks and fully electric automobiles performed the worst in Consumer Reports' annual reliability survey.
Japan's economy shrinks as consumers hold back on spending

Japan's economy shrinks as consumers hold back on spending

TOKYO (AP) — The Japanese economy contracted at an annual rate of 1.2% in the July-September quarter, as consumption declined amid rising prices. Seasonally adjusted real gross domestic product for the world’s third-largest economy shrank 0.

Electric air taxi company Archer plans $118M Georgia factory

ATLANTA (AP) — A California company seeking to build small electric aircraft says it will invest $118 million to construct a plant near Atlanta, eventually hiring up to 1,000 people.
'Freedom Convoy' put Canada's reputation at stake as U.S. voiced concerns: officials

'Freedom Convoy' put Canada's reputation at stake as U.S. voiced concerns: officials

OTTAWA — The "Freedom Convoy" protests that took over downtown Ottawa last winter and inspired several border blockades caused serious concerns about Canada's international reputation and its economic security, senior 91Ô­´´ officials say.
Five things to watch for in the 91Ô­´´ business world in the coming week

Five things to watch for in the 91Ô­´´ business world in the coming week

TORONTO — Five things to watch for in the 91Ô­´´ business world in the coming week: Economic data Statistics Canada will release its monthly survey of manufacturing report and wholesale trade figures for September on Tuesday.