Huawei is adjusting to a new normal—launching products while in limbo over its status on the U.S. “foreign entities” list. On Monday, the Department of Commerce (DoC), which put Huawei on its prohibitive blacklist in May, issued Huawei a second 90-day reprieve on the ban, permitting U.S. companies to supply the Chinese tech manufacturer with vital components. But at a product launch today, Huawei Rotating Chairman Eric Xu told journalists the company is assuming its…"Huawei Launches New A.I. Chip As Company Enters ‘Battle Mode’ To Survive"
It may be tempting for some taxpayers to write off personal expenses as tax-deductible ones, especially under the guise of a business, but doing so could get your expenses denied by the Canada Revenue Agency and could even expose your prior years’ tax filings to reassessment beyond the “normal reassessment period.” Indeed, this is exactly what happened in a recent Tax Court of Canada decision released last week in a case involving a taxpayer who…"Deducting personal expenses as business ones lands taxpayer in hot water years later"
Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public. A total of $1 billion (US$751 million) was invested in 142 venture capital deals in the first quarter, up 48 per cent from a year earlier, according to the Canadian Venture & Private Equity Association. More than half of that was in tech and increasingly from…"Some of Canada’s hottest tech firms are weighing IPOs following success of Lightspeed, Shopify rally"
If you would have told me in 2009 the following would be true today I probably would have called you a liar: The unemployment rate is 3.7% (down from a high of 10% in 2009) Inflation is basically non-existent (despite unprecedented monetary policy actions from the Fed) U.S. government bond rates have remained subdued (despite an explosion in the deficit and a credit rating downgrade in 2011) Oil prices are down roughly 60% (from over…"Recession Watch: 3 Ways to Reframe Your Thinking About the Next Downturn"
REUTERS PRESIDENT Rodrigo R. Duterte is expected to close agreements on education, science and technology, and economic and social development during his China visit next week, the Department of Foreign Affairs (DFA) said. Mr. Duterte is set to leave on Aug. 28 for his fifth visit to China, upon the invitation of Chinese President Xi Jinping. The visit runs until Sept. 1, a day earlier than initially planned. “There are several agreements that are in…"Duterte to sign education science agreements during China visit"
CHELSEA Logistics and Infrastructure Holdings Corp. has been awarded original proponent status on its unsolicited P11.2-billion bid to modernize Davao City’s Sasa Port. In a disclosure to the stock exchange Friday, the group, controlled by Dennis A. Uy, said it was declared an original proponent by the Philippine Ports Authority (PPA) on Aug. 19, giving it the option to match competing bids in a Swiss challenge. “We thank the PPA and the Department of Transportation…"Chelsea named original proponent for Sasa port project"
THE peso weakened against the dollar on Friday on the back of less dovish remarks by the US Federal Reserve ahead of its chairman’s speech. It closed 1.5 centavos weaker at P52.27 a dollar, also its strongest during the day. The currency opened at P52.34 a dollar and weakened to as much as P52.37. Volume fell to $1.21 billion from $1.27 billion the day earlier. “The peso weakened amid less dovish remarks from Patrick Harker…"Peso falls ahead of Fed chairman’s speech"
Since 2009 and its launch of Android Cupcake, Google has worked its way through the alphabet, naming each new version of its mobile operating system after a dessert that starts with the same letter. But according to Sameer Samat, Google’s vice president of product management, the search giant has had its fill of desserts, ending the buffet with Android Pie. That’s right, the Google geniuses who have branded their work with tasty treats ranging from…"Q is for Quitter: Google Ditches Its Android Dessert Names"
Situation: Laid off four years ago, consultant has big mortgage but wants to plan retirement Solution: Invest more efficiently by adding to RRSPs and using tax refunds to pay down the mortgage In British Columbia, a couple we’ll call Burt, 52, and Lucy, 50, are headed toward retirement. It’s still a decade or more in the future, but they have become more concerned about their plans since Burt was laid off by a local advertising…"Following a layoff, it’s tackling a hefty mortgage that is this couple’s biggest hurdle to retirement"
U.S. President Donald Trump said on Sunday that he had spoken with Apple Inc’s Chief Executive Tim Cook about the impact of U.S. tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd. Trump said Cook “made a good case” that tariffs could hurt Apple, given that Samsung’s products would not be subject to those same tariffs. Tariffs on an additional $300 billion worth of Chinese goods, including consumer…"Apple CEO warns Trump China tariffs could give Samsung an edge"