Category : Search result: hospitality industry crisis


Chocolate Profits Melt Under Cocoa Price Surge

Global chocolate giant Barry Callebaut reports significant profit decline as cocoa prices reach unprecedented highs, forcing industry-wide price adjustments and innovation.

Olivier Rousteing Exits Balmain After 14 Years

Fashion world stunned as Olivier Rousteing departs Balmain following 14 transformative years that redefined luxury fashion with celebrity collaborations and social media savvy.

Canada's Budget 2024: Wins for Windsor-Essex

Discover how Canada's new federal budget delivers targeted support for Windsor-Essex through local business incentives, trade defense measures, and strategic investments in key sectors.

McDonald's Sales Jump as Snack Wraps Return

McDonald's reports impressive Q3 sales growth fueled by the wildly popular return of Snack Wraps to Canadian locations, driving customer traffic and beating market expectations.

Toyota Profits Fall Due to Trump Tariffs Impact

Toyota reports significant profit decline as U.S. tariffs and trade policies create headwinds for Japanese automakers. Analysis of the financial impact and market challenges.

Maple Leaf Foods Q3 Profit Hits $43.1M

Canadian food giant Maple Leaf Foods reports robust third-quarter earnings with profit hitting $43.1 million and sales climbing 8% year-over-year, signaling strong consumer demand despite market challenges.

American Airlines Cuts Management at Texas HQ

American Airlines is eliminating hundreds of management positions at its Fort Worth headquarters as part of a sweeping corporate restructuring plan aimed at streamlining operations and reducing costs.

Cambridge Clears Homeless Encampment Over Safety Concerns

City crews removed a homeless encampment at Cambridge's 150 Main Street, citing fire hazards and public safety risks. The operation highlights ongoing tensions between municipal enforcement and vulnerable populations.

U.S. Steel Plans $1.1B Investment Through 2028

U.S. Steel announces transformative $1.1 billion capital investment strategy across all business segments, focusing on modernization and operational excellence through 2028.

Canadian Unity Crisis: Carbon Tax Divides Nation

As Prime Minister Justin Trudeau refuses to pause the carbon tax increase amid soaring living costs, provincial leaders warn of growing national unity crisis. Discover why Canada faces its most significant constitutional challenge in decades.

Pizza Hut Parent Company Considering Chain Sale

Yum Brands, the corporate parent of Pizza Hut, is reportedly considering selling the struggling pizza chain as sales decline and franchisees face financial challenges across Canada and the US.

Zekelman Pays Canadians to Report Foreign Steel

Canadian steel manufacturer Zekelman Industries is offering financial incentives to Canadians who report unauthorized foreign steel being used in domestic construction projects, aiming to protect local jobs and industry standards.

NextStar Energy Pivots to Energy Storage in Windsor

NextStar Energy is shifting gears at its Windsor, Ontario plant to manufacture energy storage batteries, adapting to the slowing electric vehicle market while maintaining its commitment to clean energy technology.

158 BC drug deaths in September 2025: coroner

British Columbia's toxic drug supply continues to claim lives at an alarming rate, with 158 deaths reported in September 2025. New data reveals the devastating human cost of the ongoing public health emergency.

Canadian Air Travel: Domestic Soars, Cross-Border Lags

New Statistics Canada data reveals surprising trends in Canadian air travel. Domestic flights are experiencing strong recovery while U.S. and international routes struggle to regain pre-pandemic momentum. Discover what's driving this aviation shift.

Manitoba Emerges as Canada's Horror Movie Hotspot

Discover why Manitoba has become Canada's unexpected horror film capital, attracting major productions with its diverse locations, skilled crews, and hauntingly beautiful landscapes that create the perfect backdrop for cinematic terror.

Coeur Mining Buys New Gold in US$7B Canadian Deal

In a landmark transaction reshaping Canada's mining landscape, Coeur Mining acquires New Gold Inc. and its two prolific Canadian gold operations in a massive US$7 billion deal that creates a new North American mining powerhouse.

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