Meta is selling Giphy after UK regulators ruled that its ownership of the popular GIF platform restricts consumer choice and hurts competition both in the ad and social media markets.

As deals slow and tech grows, old-school banks are re-inventing themselves to keep up.

The hot new trend in global trade: “Friendshoring,” which means shrinking economic ties with countries you disagree with, and increasing them with nations you’d grab a beer with. 

There’s a new app you need to know about to not feel so hopelessly out of touch next time you’re around teens: It’s called Gas, and it’s rocketing up the download charts, per The WSJ.

Why it’s happening: Despite only being available in a few US states right now, Gas has caught on by allowing users to send semi-anonymous compliments to others at their high school (like choosing someone as “the most beautiful person you have ever met”). 

Advertising money makes the world go round these days… but that’s been a harsh realization for some of Canada’s most dedicated hockey fans. 

Driving the news: When the NHL kicked off its season last week, fans were quick to notice the addition of digitally enhanced dasherboards (DEDs) on rink boards, with some taking to social media to air their grievances around the “hard-to-watch” animations.

Inflation numbers are dropping on Wednesday, shoppers and politicians are getting pretty pissed about food prices, and Loblaw is starting to play defence. 

Driving the news: Canada’s biggest grocer announced it will freeze prices on all of its No Name products (over 1,500 items) until January 2023, per The Globe and Mail. 

If you were planning on taking a cheap vacation this winter and crashing on your Granny’s couch in Boca Raton, you better bring that birthday card money along to foot the bill. 

He doesn’t sound happy about it, but Elon Musk is apparently willing to keep footing the bill for Starlink access in Ukraine indefinitely. 

What happened: The SpaceX CEO tweeted that the company would continue funding the satellite internet service, a reversal from a day before when he said SpaceX would have to be compensated by the Pentagon if it was to continue operating in Ukraine.

The chip war is on, and we’re not talking about the always-heated debate about Doritos vs. Miss Vickies—this is the (just slightly) more important battle to control the world’s supply of the most advanced computer chips. 

Driving the news: Chinese President Xi Jinping committed to developing his country’s capacity to build its own cutting-edge semiconductors in a two-hour speech at the Communist Party’s twice-a-decade congress.

If you’re looking to move up the ranks at your company, you might just want to find a new one, according to a new study that found what you do isn’t as important as who you do it for.

If you’ve tried to plan a day at the park recently, you’ve probably been the victim of “unpredictable weather.” 

Driving the news: Weather forecasts have always been unreliable (since the atmosphere is changing constantly), but as the weather becomes even more unpredictable, sports leagues, airlines, and even militaries are turning to private forecasters for answers. 

Embattled British Prime Minister Liz Truss made (another) U-turn yesterday, firing her top finance official, Kwasi Kwarteng, and reversing her plans to slash the corporate tax rate. 

Catch up: All eyes are on Truss as she scrambles to hang on as Prime Minister after a disastrous first few weeks in office, during which her government’s economic proposals (which she heavily campaigned on) brought the UK to the edge of a financial crisis.

TikTok has already put a dent in Meta’s ad business, but now the company is preparing to take on even more Western tech giants with a push into music streaming and e-commerce. 

Driving the news: TikTok parent ByteDance is laying the foundation to compete with both Spotify and Amazon, according to a pair of reports this week.

Canada is famous for many things: Poutine, hockey, ketchup chips—and high, high prices. 

According to The National Post, Canadians are paying a serious premium for products, including mobile plans, grocery hauls, and some basic services. Let’s unpack. 

US core inflation hit a four-decade high last month, which, to be clear, is the opposite of what Jerome Powell & Friends need to prove their plan to cool the economy and achieve a “soft landing” is working. 

Driving the news: The core measure of the consumer price index–which excludes volatile energy and food prices–surged by 6.6% year-over-year last month, up from 6.3% in August.

A Zoom call is convenient, sure, but it lacks a certain je ne sais quois that you can only get through in-person meetings…

…that’s why Meta is betting that companies will pay $1,500 for the company’s new Quest Pro virtual reality headset, in its push to bring the metaverse to the corporateverse.

You can definitely call it a comeback: Nuclear power is back in vogue.

Canada-based Cameco and Brookfield Asset Management’s renewables division have buddied up to buy nuclear company Westinghouse Electric for US$7.9 billion amid a global frenzy to find climate-friendly alternatives to Russian energy, per The Wall Street Journal. 

The world’s largest toy company is starting to play in the $1 trillion education business. 

What happened: Lego owner Kirkbi A/S is buying video-learning firm Brainpop for US$875 million as the company expands into classroom learning, per The Wall Street Journal. 

Dream job alert: Get paid millions, tax-free, to build a gleaming city of the future from the ground up. 

There’s just one catch: Your employer is the Kingdom of Saudi Arabia and that city is Neom, the brainchild of Crown Prince Mohammed bin Salman (MBS, for short). 

Driving the news: Saudi Arabia is luring talent from around the world to work on the project with annual pay packages of over US$1 million for senior executives, per The Wall Street Journal, which stacks up to over 30% more than the typical CEO salary found at a major US company.