Industry News

After a long time operating in Russia, Starbucks will exit the market, joining other occidental companies in withdrawing from the country completely. The coffee giant announced that it will no longer have a brand presence in Russia after 15 years. Starbucks has 130 locations in the country, which account for …

Stock markets worldwide have been in red since Russia began its invasion of Ukraine last week, and American and European companies that have a significant presence in Russia have been hit particularly hard. The S&P 500 Index is down 4.6% since the start of February as Russia escalated the conflict. …

FSD Pharma Inc., a life sciences holding company dedicated to building a portfolio of assets and biotech solutions, announced today it has entered into an agreement with Covar Pharmaceuticals Inc. (“Covar”), a contract development and manufacturing services organization (“CDMO”), to commence work on providing research quantities of FSD’s drug candidate, …

Apple, Amazon, Facebook, Tesla and Baidu are all shunning established chip firms and bringing certain aspects of chip development in-house, according to company announcements and media reports. Not content with relying on standard chips that are in high demand, some of the world’s biggest tech firms are developing their own …

Canadian business continues to anticipate a worsening inflation picture, according to a survey by an industry group. Firms expect they will raise their prices by an average 3.8 per cent over the next year, according to the August survey of members by the Canadian Federation of Independent Business, which represents …

It’s a great time to be a long-term investor. Over the past nine months, the benchmark S&P 500 hasn’t undergone a single decline of even 5%. What’s more, the index ended this past week having effectively doubled from the coronavirus crash bottom set on March 23, 2020. Yet, in spite of these …

An Ontario pharmaceutical company has become the first in Canada to receive Health Canada approval to manufacture cannabis-based prescription drugs in its facility. Burlington’s EmpowerPharm, a new clinical-stage, Canadian-owned drug company, made the announcement this week.   Organic weed? See how 48North’s Good Farm is cultivating sun-grown, outdoor cannabis |…    While the company was …

This story originally appeared on The Economic Times. The Haryana government has allowed reimbursement of goods and service tax paid by companies, non-governmental organisations and individuals on purchase of 15 items including Covid vaccines, remdesivir injections, ventilators and oxygen cylinders that they have donated free of cost to the state …

This story originally appeared on InvestmentNews. Financial services companies have generally adopted remote work policies, but as offices reopen, the next issue becomes who is and isn’t vaccinated. As more people receive vaccinations and local economies start to slowly reopen, the broader financial services industry is preparing for how and when to start bringing …

This story originally appeared on Cannabis & Tech today. Cannabis and innovation go hand-in-hand. From growing to packaging technology, consuming to creating, cannabis influences many innovative ideas. Innovation in cannabis isn’t always as visible as it is in other industries. Cannabis is still budding and because it’s been illegal for so …