Nike has announced it is permanently ending operations in Russia, joining a list of growing companies doing so in response to the country's invasion of Ukraine.

- Another story that we're keeping our eye on today, Nike making a full exit out of Russia three months after suspending its operations there. In a statement, the company stressed the importance of supporting employees while, quote, "responsibly scaling down operations over the coming months," end quote. Now, Nike gets less than 1% of its revenue from Ukraine and Russia combined. We should note that McDonald's, Google, and a number of other Western brands have also left Russia in recent months.

Watch FP's Stephanie Hughes explain what the latest inflation reading means to Canadians

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Airlines struggling with rising cost pressures and operational challenges expect improved demand for international travel to help cement their path towards profitability. Code-sharing allows an airline to sell seats on a flight operated by its partner, so that it can fly passengers to destinations it does not serve. Under the expanded deal, passengers who search for flights between the United States and Canada on United's or Air Canada's websites and apps will find more flight options and more access to each airline's seat inventory.

BEIJING (Reuters) -China's search engine giant Baidu Inc on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year. Cost per unit will drop to 250,000 yuan ($37,031.55) for the new model, compared with 480,000 yuan for the previous generation, Baidu said in a statement. “This massive cost reduction will enable us to deploy tens of thousands of AVs across China," Baidu's chief executive Robin Li said at the Baidu World conference.

Trip.com, the global travel service provider, has been named the 10th most downloaded OTA app globally in the first half of 2022 by leading app analysis firm Apptopia. The announcement comes as Trip.com continues to expand worldwide with its all-in-one app-first offering.

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LUVERNE, Alabama (Reuters) -A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker's assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some cases as young as 12, have recently worked at a metal stamping plant operated by SMART Alabama LLC, these people said. SMART, listed by Hyundai in corporate filings as a majority-owned unit, supplies parts for some of the most popular cars and SUVs built by the automaker in Montgomery, its flagship U.S. assembly plant.

Canada's antitrust agency said on Friday it needs more time to investigate the concession offered by Rogers Communications Inc to allay competition concerns over its proposed C$20 billion ($15.5 billion) takeover of Shaw Communications Inc's, a move that Rogers swiftly opposed. Rogers has agreed to sell Freedom Mobile to Quebecor Inc to overcome competition bureau's objection to the Shaw deal. The antitrust bureau has blocked Rogers' proposed takeover of Shaw arguing it would lessen competition in a country where consumers pay among the highest telecoms bills in the world.

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WASHINGTON (AP) — President Joe Biden said on Wednesday that U.S. military officials believe it's “not a good idea” for House Speaker Nancy Pelosi to visit Taiwan at the moment. Biden's comments in an exchange with reporters came a day after the Chinese Foreign Ministry said it would take “resolute and strong measures” should Pelosi proceed with reported plans to visit Taiwan in the coming weeks. “Well, I think that the military thinks it’s not a good idea right now," Biden said in response to a

Today the SOCAN Foundation, part of the SOCAN Group of companies, has announced the participants for the fourth edition of the TD Incubator for Creative Entrepreneurship. The incubator program provides emerging music creators with seed funding, mentorship, and the opportunity to participate in a progressive webinar series that will hone their entrepreneurship skills while providing them with the tools and resources needed to turn their talent into a sustainable career. The incubator is made poss

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Kits Eyecare Ltd. (KITS) (TSX: KITS). In Q2 2022, KITS delivered more than 74,000 pairs of eyeglasses. Our focus on building a meaningful eyeglasses business continued in Q2 2022 as eyeglasses delivered increased more than 70% per cent year over year. We achieved this while reducing marketing spend on eyeglasses compared to Q2 2021. Customer satisfaction metrics and online reviews continued to be category leading and drove the increase in eyeglasses orders.

SYDNEY (Reuters) -Goldman Sachs Group Inc appointed Australia's former Treasurer Josh Frydenberg as the bank's senior regional adviser for the Asia Pacific region on Thursday. Frydenberg became one of the highest-ranking cabinet ministers to ever be voted out of parliament this year when he was ousted by independent Monique Ryan, a pediatric neurologist running for office for the first time, during elections in May. The appointment came after the investment bank approached Frydenberg following his election defeat, according to Simon Rothery, Goldman Sachs Australia chief executive.

Verizon Communications Inc on Friday cut its annual profit forecast after adding fewer monthly phone subscribers than expected in the second quarter, in a sign that red-hot inflation has begun impacting its business. Chief Executive Hans Vestberg said customer additions took a significant hit from inflation at a time when the carrier is grappling with intense competition in the U.S. telecom sector. Verizon shares fell as much as 6% to nearly five-year low of $44.64.

ZURICH (Reuters) -Swiss fragrance and flavour maker Givaudan will accelerate price increases in the second half of the year to offset higher costs, it said on Thursday after reporting improving sales growth despite squeezed margins. In addition to price increases, Givaudan's half-year results benefited from rising perfume sales as airport travel recovers and a pick-up in the food segment as more people eat out. Givaudan and its peers are having to contend with higher input costs, supply chain disruption and delays in implementing price increases.

A new European Central Bank tool to shield indebted states from soaring borrowing costs failed to impress investors on Thursday, with many worried about a lack of detail and conditions that could make it tough for the likes of Italy to use. Unveiled alongside its first interest rate hike in 11 years, under the Transmission Protection Instrument (TPI), the ECB will buy bonds from countries whose borrowing costs relative to Germany it sees as soaring through no fault of their own. For markets, the most pressing need for the TPI is Italy, which this week saw the collapse of its government after Prime Minister Mario Draghi resigned, putting the second most-indebted euro zone member on course for early elections.

OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the addition of three new solutions on the Salesforce AppExchange, bringing its total number of AppExchange offerings to six and enabling customers of any size to benefit from the governance, productivity, and efficiency of the OpenText content services platform.

(Reuters) -AT&T Inc said some subscribers are taking more time to clear their bills, which partly led the U.S. wireless carrier to cut its annual free cash flow forecast by about $2 billion, sending its shares down as much as 11% on Thursday. The conservative forecast comes as AT&T joins other companies to prepare for a potential slowdown in consumer spending in the second half of the year against the backdrop of four-decades high inflation in the United States. Telecom companies have raised prices to combat a surge in input costs, with AT&T hiking rates on some of its older plans in June.