Business Update – 22 February 2023

02/21/2023

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

More than 20,000 Canadian Teslas part of recall

Tesla is recalling nearly 363,000 vehicles in the U.S. and Canada that run its “full self-driving” system to fix problems with how it behaves around intersections and responds to posted speed limits. Find more information here.

Interest rates could rise even higher

Bank of Canada Governor Tiff Macklem says that Canada’s overheated economy and tight labour market mean that further interest rate hikes aren’t out of the question.

For-profit healthcare options are on the rise

Canadian Business dissects how the struggling healthcare system has opened the door for profit-driven, online alternatives – and illustrates why they’re also not the answer we’re looking for.

Chinese airlines flying through Russia have an unfair advantage

Since the Russian invasion of Ukraine nearly a year ago, European, Canadian, and U.S. airlines have avoided Russian airspace, making long-haul routes take longer and cost more. As China reopens and flies directly through Russia, other international airlines say they have a leg up.

No more SMS two-factor authentication on Twitter unless you pay

Twitter warned non-Twitter Blue users using SMS 2FA authentication that they have 30 days to switch to another 2FA method. Find out how to keep your account secure here.

Everyone’s scrambling to get on board with AI

With the release of ChatGPT in November, it seems that everyone’s talking about the potential of AI. Everyone from students to CEOs is trying to keep up as we figure out how this new technology fits into our lives.

Meta follows in the footsteps of Twitter

Mark Zuckerburg announced that Meta is launching a pay-for-verification subscription service called Meta Verified for Facebook and Instagram, much like Twitter Blue. The launch begins in Australia and New Zealand this week, with more countries to follow.

Bitcoin is booming, but why?

Everyone’s watching as Bitcoin continues to make steady gains in 2023. But will it climb back to $20K? Forbes has some ideas about why the price of crypto is suddenly climbing again.

Blog