
Schneider Electric Reports Significant Sustainability Milestones in Q2 2025
A quarter marked by global recognition and ground-level impact
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Toronto Star
2 hours ago
- Toronto Star
Canada Responds to the Impending Global Aviation Crisis
Three Hills, Alberta, Aug. 07, 2025 (GLOBE NEWSWIRE) — A critical shortfall of new pilots, highlighted by Statistics Canada and global aviation authorities, threatens to ground as many as half of all available flights in Canada within the next decade. This global pilot shortage, exacerbated by the COVID-19 pandemic, an aging workforce, instructor shortage, and the high cost and duration of education, impacts not only commercial airlines but organizations like Mission Aviation Fellowship (MAF) Canada, which rely on a dedicated pool of pilots to serve in the world's most challenging and inaccessible regions. MAF Canada believes cross-industry collaboration is the only solution to combating the impending crisis and has launched a multi-pronged response alongside Canadian and international partners and governments. Central to this response is the delivery of four revolutionary, Canadian-made mixed-reality flight simulators to its training partner, Prairie Aviation Training Centre (PATC) located in Three Hills, Alberta. 1. New Canadian-Made VR Simulator Technology: MAF Canada is one of the first to deploy new, advanced Canadian-made mixed-reality simulators at PATC. The simulators are provided by Canada Training Solutions Inc., a Canadian aviation training and technology company headquartered in Ottawa, ON. This cutting-edge technology combines both virtual reality (VR) and augmented reality (AR) to drastically reduce training time by allowing students to master complex procedures, emergency scenarios, and the challenges of remote, rugged airstrips in a safe, immersive environment without needing as many in-aircraft hours. These simulators make training more efficient, cost-effective, and accessible.


Toronto Star
4 hours ago
- Toronto Star
Dorel Provides Update on Long-Term Debt
MONTRÉAL, Aug. 07, 2025 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that on August 7, 2025, it again amended its asset backed loan (ABL) facility and term loan facility whereby Dorel's lenders agreed to continue to forebear from enforcing their rights and exercising their remedies under both the ABL facility and term loan facility further to a default by Dorel relating to certain financial covenants. The initial forbearance period commenced on May 9, 2025 and has now been extended to the earlier of September 16, 2025 and the occurrence of any event of default, other than the current event of default, under the ABL facility or term loan facility. Dorel will receive access to US$20.0 million additional liquidity in three tranches under the ABL facility in order to finance new inventory and must continue to provide the lenders with additional reporting during the forbearance period. In addition, the total maximum availability under the ABL facility was decreased to US$150.0 million as part of the amendment. As at June 30, 2025, the total amount of borrowings outstanding under the ABL facility was approximately US$92.0 million. In addition, as previously announced, the Company is continuing to work with two leading capital market advisors to assist in re-capitalizing the Company's balance sheet to allow for growth in the Juvenile segment and support the re-organization of the Home segment. The new structure is intended to replace the current debt structure which no longer matches the Company's needs. Dorel will update stakeholders on developments as they arise.


Toronto Star
5 hours ago
- Toronto Star
WeightWatchers Appoints SoulCycle Co-Founder Julie Rice as Chief Experience Officer to Lead Community and Brand Innovation
NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) — WW International, Inc. (NASDAQ: WW) ('WeightWatchers' or the 'Company'), the global leader in science-backed weight management, today announced that longserving WW board member Julie Rice, the entrepreneur and brand builder best known for co-founding SoulCycle, is joining WeightWatchers as Chief Experience Officer. As WeightWatchers evolves its holistic model of care, community will continue to play an increasingly vital role, given its impact on long-term health outcomes and sustained behavioral change. In this newly created position, Rice will lead the transformation of WeightWatchers' global workshop business, which currently supports 20,000 meetings a month across 11 global markets. She will work closely with the company's science, nutrition, and medical teams to develop a revitalized approach to community that supports members through every life stage. Rice will also oversee the brand team at WeightWatchers, responsible for the company's content, creative, and communications work, reinforcing WeightWatchers' point of difference in an increasingly clinically focused telehealth weight loss marketplace, and she will collaborate closely with product and marketing leaders to innovate around how coaching and connection show up across the member experience.