The move by Visa, Mastercard and American Express follows an International Organization for Standardization decision to implement a similar code, which will make it easier for authorities to flag gun purchases. (The New York Times, Bloomberg)
The online food-delivery company made the decision to let go of the remote contact-centre employees after “a comprehensive review of its global logistics workforce,” said spokesperson Hannah Korsunsky in a statement to The Logic. The news was first reported by CTV. (CTV, The Logic)
BMO’s Impact Investment Fund and Ares Management led the equity-and-debt deal for Gotham, a New York-based company that grows salad greens and herbs out of large urban greenhouses. (The Logic)
The new executive order promises support for R&D and commercialization as well as to grow production capacity for greener chemicals and fuels. It also establishes a new data-sharing program and directs federal agencies to buy more bio-based products. (The Logic)
The Canadian auto-parts supplier said its investment in the Bangalore-based e-bike and e-scooter maker will create a new battery-swapping business. Yulu is India’s largest micromobility company. (The Logic)
The federal Liberals should cancel plans to increase Canada Pension Plan and Employment Insurance premiums and match every spending increase with a cut elsewhere to “contain the cost of government while taxpayers and the economy catch up,” new Conservative Leader Pierre Poilievre said Monday. (The Logic)
The journalist will anchor a daily live news program on the Toronto-based, right-leaning video-sharing platform. The move comes as Rumble plans to raise about US$400 million via a SPAC deal with New York City-based CF Acquisition VI. (The Wall Street Journal)
The Seattle-based e-commerce giant announced it has agreed to buy Cloostermans, which has worked with Amazon since 2019, to build technology that moves and stacks heavy palettes and groups items for packaging. The companies did not reveal the terms of the deal. (The Logic)
The White House is reportedly mulling an executive order in the next few months that would effectively block outbound investment by American companies and investors into China and other hostile nations. (The Wall Street Journal)
Pantera Capital and Grand Theft Auto V co-creator Houser also participated in the round. The blockchain-gaming company announced its first “Battlestar Galactica”-themed game in June and plans to use the funding to develop new games. (VentureBeat)