All Business stories

TikTok plays matchmaker for its employees

Do NOT show your HR manager this: In China, companies are adding “helping you find your one true love” to their benefits packages, alongside dental coverage and vacation time.  

Driving the news: Forbes unveiled that TikTok parent company ByteDance has an internal channel on its shared work tool called Meet Cute. It lets employees post photos of friends, family, and acquaintances and advertise them as potential romantic partners to co-workers.
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Auto talks extended past strike deadline

5,680 autoworkers remained on the job past a midnight strike deadline as talks between Unifor, the union representing autoworkers, and Ford were extended another 24 hours.

  • "The union received a substantive offer from the employer minutes before the deadline and bargaining is continuing throughout the night," Unifor said in a statement.
Why it matters: The extension leaves the door open to avoid a strike at a time when the Big Three automakers are already contending with labour disruptions in the US.
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Autoworkers see risk in electric vehicle future

Electric vehicles might be great for bringing emissions down, but there’s growing concern among autoworkers that they might not be great for people who make cars for a living.

Driving the news: United Auto Workers President Shawn Fain, who is leading the first-ever US strike against all three of GM, Ford, and Stellantis (formerly Chrysler), has highlighted the possible dangers for workers presented by the EV transition.
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China takes a bite out of Apple

Imagine this: You’re a company, and your second-biggest market, which generates almost a fifth of your revenue, suddenly enacts a partial ban on your products.

Apple is currently living out that nightmare. 
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The rise of the athlete influencer

Athletes: They’re just like you and me. They eat, sleep, and are painfully aware of how many views their latest Instagram story is getting. 

Driving the news: As the US Open continues, Genie Bouchard will be on the sidelines after failing to qualify. Despite this, and the fact she also failed to qualify for Wimbledon this summer, a recent study ranked her as the fifth-most valuable Canadian athlete influencer
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Indigo asks, “Would you like some books with your wine?”

The newest location of Canada’s largest bookstore is set to offer a lot more than books. 

Driving the news: Indigo’s new 16,000-square-foot store, opening in downtown Toronto this fall, aims to be “a cultural emporium” inspired by the hip shops you’ll find lining Tokyo streets, featuring more products, immersive displays, events, and booze (nice). Picture this: 
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Colder weather, colder drinks

Cold drinks are hot right now, and it’s all because Gen Z thinks they’re totally mother… are we using that right?  

What happened: Starbucks has prematurely dropped its lineup of fall beverages again this year. If the thought of drinking a piping-hot PSL on a hot August day churns your stomach, fear not—for the first time, three of the five fall beverages will be served iced by default. 
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Subway for sale

For sale: One lightly used sandwich chain. Price tag: About ten billy.

What happened: Private equity firm Roark Capital is closing in on a deal to buy Subway for a reported price of US$9.6 billion, adding a foot-long trophy to its collection of fast food restaurants that also includes Arby’s, Baskin-Robbins, and Buffalo Wild Wings.
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Yannick Bigourdan on the state of restaurants

On this week’s episode of Free Lunch by The Peak, we sat down with Yannick Bigourdan to talk about what it’s like running one of Toronto’s top restaurants as the economy slows down.
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The women's soccer economy is booming

As England and Spain prepare to square off in the FIFA Women’s World Cup final tomorrow, they’ll top off a tournament that has continued to break viewership and attendance records.

Driving the news: This week's semifinal between England and Australia broke broadcast and streaming records in Australia, with 11.15 million viewers tuning in. On the whole, the tournament is projected to reach two billion viewers, nearly double that of the 2019 edition.
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