9 h. ago OSG Corporation Extends its Contract with Rimini Street for Support of its Oracle EBS Systems through 2029

With 8% reduction in total IT operating costs achieved by choosing Rimini Street, Japanese manufacturer commits to a long-term partnership as part of its strategic plans to self-fund productivity-enhancing initiatives for growth LAS VEGAS — Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, management and innovation solutions, and the leading […]

Other

8 d. ago Barclays Cuts More Than 200 Investment Bank Jobs to Reduce Costs

Barclays Plc is preparing to cut more than 200 jobs in its investment bank in the coming days as part of Chief Executive Officer C.S. Venkatakrishnan’s plan to boost the profitability of the division.

Economics

9 d. ago Letters, June 8, 2025: ‘Carney’s mandate bad news for Alberta’

Carney’s bad idea Sounds like the premier will be going along with Carney’s offer called decarbonization. Factories required to further refine our clean oil will take years to build, will increase sales prices and lead to production cuts. This is Carney’s mandate to control the amount of extraction, increase production costs, reduce investment and cut […]

Transport

2 w. ago Trust Payments Selects Trulioo to Streamline Verification, Reduce Onboarding Costs and Power Global Growth

Leading Payment Technology Provider Unifies Fragmented Identity Processes to Support Compliance and Fraud Detection Across Regions AMSTERDAM — Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership with Trust Payments, one of Europe’s fastest-growing payment technology providers. Trust Payments will use Trulioo Workflow Studio, Business Verification, […]

Economics

3 w. ago Service Canada slashes hundreds of jobs as demand for passports declines

Fewer Canadians are expected to apply for passports this year, prompting Service Canada to cut 800 jobs nationwide.According to a projection by Immigration, Refugees and Citizenship Canada (IRCC), passport volumes in 2025 to 2026 will be significantly lower than those in 2024 to 2025.In an email to Daily Hive, a representative for Employment and Social Development Canada (ESDC) stated, "As a result of this projected reduction in passport volumes, Service Canada will be adjusting its passport workforce effective June 2025 to align with approved funding levels."The representative said that Service Canada regularly ensures that its workforce levels "align with forecasted volumes." They also stated that as a federal department, ESDC must ensure that revenues are balanced with costs, including employee salaries.As a result, the reduced passport application forecast will affect approximately 800 term employees. Layoffs will occur in Service Canada locations in every pr...

Sport

3 w. ago AfDB Presidential Hopeful Eyes $4.5 Trillion in Private Capital

Africa should tap domestic private capital to fund development and reduce reliance on costly international borrowing, said a contender for the African Development Bank presidency.

Economics

3 w. ago Donald Trump says ‘equalizing’ is best way to describe lowering drug prices

Donald Trump revealed the “best word” to describe his efforts to lower drug prices for Americans is “equalizing.” The U.S. President signed an executive order last week asking prescription drug manufacturers to significantly reduce the cost of medications within 30 days. He explained the plan to save Americans from paying outrageous drug fees to reporters […]

Economics

3 w. ago TD Bank cutting 2% of workforce as part of restructuring effort

TORONTO — TD Bank Group said Thursday that it’s cutting about two per cent of its workforce as the bank works to reduce costs and refocus spending under new leadership. The job cuts amount to a little over 2,000 employees based on the roughly 101,800 employees it had last year. TD made the announcement as […]

Culture

3 w. ago Stop making cents: US Mint moves forward with plans to kill the penny

WASHINGTON (AP) — The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday. An immediate annual savings of $56 million in reduced material costs is expected by stopping penny production, according to the official, who was not […]

Events