The Peak Daily

A new lobby group wants Canada to embrace the idea of employee-owned businesses.

China’s manufacturing sector may be slowing, but its facial recognition industry is booming.

As Ukraine gears up for what’s been called a pivotal moment in its war with Russia, President Volodymyr Zelenskyy is suddenly dealing with newfound problems at home.

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Offshoring your manufacturing to China is so yesterday. Right now, it’s all about India.

Ken griffin’s Citadel has replaced Ray Dalio’s Bridgewater as the most successful hedge fund of all time—the MOAT, if you will—after generating US$16 billion for investors last year.

With laptop sales on the decline, the companies that make them are trying to come up with new bells and whistles to keep consumers coming back.

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When it rains, it pours. At least when it comes to tech layoffs, with Google-parent Alphabet becoming the most recent name to announce a headcount reduction.

Amid a flurry of recent announcements, it’s clear that efforts to help a healthcare industry in crisis are kicking into high gear.

Somebody needs to make Top Gun, but for airline pilots, because the profession is facing a shortage and could really use a shiny new recruitment tool.

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The US reached the max amount of debt that it’s allowed to take on (aka the debt ceiling) yesterday, causing the US Treasury to begin taking special measures to ensure the government can continue paying its debt.

Hacking group Lockbit has earned the title of “most prolific ransomware gang in the world”, carrying out ~25% of all known ransomware attacks last year and taking responsibility for breaches of over 40 organizations across the globe this month alone.

TikTok is prepared to open its algorithms to regulators, in a move that could permanently change the relationship between governments and social media giants.

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Air Canada and WestJet have been cutting domestic flight routes in recent months, a move that one business group thinks is fishier than an in-flight meal.

If it wasn’t bad enough that the cost of dating (read: rising restaurant prices) has skyrocketed, now the cost of landing a date is also on its way up.

Russia is thought to be preparing for a major offensive in the war with Ukraine. Ukraine’s top general, Valery Zaluzhny, wants 300 Western tanks and 600 vehicles to help fend it off.

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If you’re doing dry January, maybe just keep at it for a while—at least that’s what new national guidelines on alcohol intake would recommend.

China’s GDP grew [only 3% last year](https://www.cnn.com/2023/01/16/business/china-gdp-2022-hnk-intl/index.html#:~:text=China's economy expanded by just,downturn in the property market.), well below government targets and the country’s slowest growth rate since 1976 (aside from 2020, because of you know what). And somehow, that’s not even the worst news China got yesterday.

It feels like we write this every few months, but here we go again: Elon Musk is heading to court.

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As layoffs spread across the tech and finance landscapes like a bad rash, workers are trying to get ahead by securing new jobs before the corporate axe comes a-chopping.

Life is a fickle thing. Just ask Michele Romanow. One day you’re the face of a Heineken advertising campaign. The next you’re stepping down as the CEO of your company.

The days of take-home and open-book essays are over, as a new wave of generative artificial intelligence (AI) puts a full stop on traditional classroom learning as we know it.

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Whether you like them scrambled, poached, or raw like Rocky Balboa, one yolky grocery staple is about to get cheaper. Though not as cheap as they could be.

BMO is linking up with financier Georgian to bring down the wall between investors and privately held technology companies.

Almost 30% of Canadians say their New Year’s resolution is to get in better shape. Some gyms are advocating for one trick that could help: Electrocution.

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The world’s climate goals are banking on the success of carbon capture technology. One start-up has potentially kick-started the industry after a major breakthrough.

Like all good friends, Canada, the US, and Mexico sometimes get into squabbles. Luckily, they have a panel of unbiased trade experts on-hand to help resolve them.

The Chinese government has been trying to take some of the air out of an inflated real estate market, but it’s not going to be a soft landing.

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Data from past recessions shows us that blue-collar workers usually bear the brunt of the impact. This time around, the trend is on track to flip into reverse.

In the market for a sublet? How about a seven-floor, 348,100-square-foot office space that was supposed to be inhabited by a Canadian tech giant?

Many people have a dream of owning a small business. However, it might make more sense just to take over an existing business, as there will soon be plenty of them hitting the market.

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