A coalition of prominent Canadian business leaders is calling on the federal government to intervene in ongoing labor negotiations at Air Canada, warning of potential disruptions to the travel industry and the Canadian economy. With the holiday season approaching, they are urging swift action to prevent a strike or service disruption.
The Indian government has allocated ₹2000 crore for interventions aimed at promoting ‘Bharat’ products and helping moderate food prices. This initiative aims to address rising inflation and ensure affordability for consumers.
China has announced a series of unprecedented measures to stabilize its struggling property sector. The measures include allowing local governments to purchase unsold apartments, relaxing mortgage rules, and pledging to complete stalled construction projects. The move is seen as a major intervention by the government to address the growing crisis in the property sector, which has been a major drag on the Chinese economy.
In an attempt to revive the beleaguered property market, China is exploring a proposal that would see local governments purchase millions of unsold homes across the country. This ambitious plan could represent a significant intervention by the Chinese government to address the mounting housing inventory and its negative impact on the economy.
Despite good intentions, the City Council’s minimum pay requirement for app-based food delivery has created a downward spiral for drivers and customers alike. Reductions in drivers, higher fees, and fewer tips have resulted in a decline in orders. Now, Councilmember Abreu’s proposed bills aimed at increasing tips and preventing retaliation against workers threaten to further exacerbate these issues, potentially leading to even greater job loss and inconvenience for consumers.
