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The Canadian PressAlberta energy minister hopes royalty changes help move pipelines forward
CALGARY — Alberta's energy minister is hoping that by changing the way the province receives royalties from oilsands bitumen, it may give pipeline companies the certainty they need to build new projects connecting Canada's resources to global markets.
- Yahoo Finance
Walmart is already dealing with the tough realities of Trump tariffs
Tariffs take hold at Walmart's aisles.
- Business Insider
End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock
The Swedish company aimed to become Europe's main EV battery maker and take on Chinese rivals, but filed for Chapter 11 protection in November.
- CBC
Holt hesitates to use N.B.'s most powerful trade lever: electricity
New Brunswick's most powerful lever in Canada's trade war with the United States is found mostly along the province's back roads, cutting through forests and across fields rarely seen by most residents.That lever — a series of N.B. Power transmission lines running to the border with Maine — is one that, so far, Premier Susan Holt is opting not to use to strike back. "Our government is using every tool in our toolbox to protect New Brunswick workers and our economy," Holt said last week when she
- Reuters
Ukraine says it struck oil facilities in Russia's Moscow, Oryol regions
Ukraine said on Tuesday it had struck an oil refinery near Moscow and a facility in Russia's Oryol region that is part of the Druzhba pipeline system exporting oil to Europe. Hungarian Foreign Minister Peter Szijjarto said on Tuesday that crude oil shipment via the pipeline was suspended after a Ukrainian drone attack on a metering station.
- CNN
Trump official tasked with defending DOGE cuts posted fashion influencer videos from her office
As the Office of Personnel Management oversaw the layoffs of thousands of federal workers and pressed others to justify their positions, the agency’s chief spokesperson repeatedly used her office for a side hustle: aspiring Instagram fashion influencer.
- CNN
Justice Department says key Trump admin official won’t testify about probationary firings
The Justice Department told a federal judge on Tuesday that the acting head of the Office of Personnel Management won’t testify at a hearing later this week in a major case challenging the government’s efforts to cull the federal workforce, after the judge had rejected a DOJ request to cancel the hearing.
- South China Morning Post
Global EV sales soared in February, as China's market kept its growth pace with 76% surge
Worldwide sales of electric vehicles (EVs) surged in February, driven mostly by a 76 per cent growth in China even as Europe and the United States erected import barriers to stem the domination of made-in-China marques. Global sales of battery-powered EVs and hybrids jumped to 1.2 million units in February, 50 per cent more than last year, according to data compiled by Rho Motion. About three-quarters of those took place in China, where purchases soared 87 per cent from last year, according to d
- South China Morning Post
China's Naura climbs the ranks of world's top chipmaking equipment suppliers
Naura Technology Group climbed up in the rankings of the world's biggest semiconductor equipment suppliers in 2024, as China's leading chip tool maker braced for tighter US tech restrictions. Beijing-based Naura was ranked sixth among global chipmaking equipment suppliers by revenue last year, up from eighth place in 2023 when it cracked the industry's top-10 leaderboard for the first time, according to a report last week by Chinese semiconductor research firm CINNO. The state-backed company, wh
- South China Morning Post
Former ByteDance executive takes helm at Baidu-backed Shengshu amid generative AI boom
A former ByteDance executive has joined Shengshu AI as CEO, marking a significant hire by one of China's leading artificial intelligence (AI) video start-ups amid fierce competition for talent in the rapidly evolving industry. Luo Yihang - the former head of AI solutions at ByteDance's cloud unit, Volcano Engine - will oversee research and development, product management, commercialisation and team management at Shengshu, according to a company representative. Tang Jiayu, Shengshu's co-founder a
- The Canadian Press
Northern Pulp seeking $2.5 billion in private-public funding to build new pulp mill
HALIFAX — Northern Pulp, the company behind a Nova Scotia mill that shut down four years ago amid environmental shortcomings, says it will cost $2.5 billion to build a new, cutting-edge plant on the province's southwest shore.
- Reuters
China tightens trade rules as Canadian tariffs spark price volatility
Zhengzhou Exchange on Tuesday raised the trading margin requirements for some rapeseed meal futures contracts to 9% from 7% after Beijing's 100% tariff on Canadian imports triggered a two-day rally that pushed prices to a five-month high. The most active rapeseed meal futures contract surged 7.23% to close at 2,684 yuan per metric ton, building on a 6% gain in the previous session, to its highest since September 2024. The new trading margin requirements will be effective from settlement on March 12.
- South China Morning Post
Alibaba's Joe Tsai: Xi Jinping's entrepreneur meeting fuels business confidence in China
President Xi Jinping's high-profile meeting with technology business leaders last month significantly enhanced the confidence of Chinese companies, prompting Alibaba Group Holding to make substantial investments in artificial intelligence (AI), according to company chairman and co-founder Joe Tsai during a conference in Singapore. "I wouldn't underestimate the importance of that event," Tsai said on Wednesday at a gathering hosted by US broadcaster CNBC. "The message is very, very clear that the
- ABC News
DOJ lawyers decline to let OMP's acting director testify about mass firings
The Trump administration could be sanctioned by a federal judge later this week after lawyers with the Department of Justice advised a federal judge Tuesday evening that they will not make a top administration official available for sworn testimony. U.S. District Judge Charles Alsup had sought to have the acting head of the Office of Personnel Management (OPM), Charles Ezell, testify on Thursday about the mass firing of probationary employees.
- Business Insider
China is selling loads of cars in Russia — and Moscow is not too happy
Chinese automakers such as Chery and Geely sold more than a million cars in Russia last year, prompting Moscow to increase import duties.
- People
Jay-Z's Lawyer Reveals Why Rapper Decided to Sue Former Accuser and Her Attorneys: 'The Truth Had to Fully Come Out'
His lawyer also denied that Jane Doe was "coerced" by Jay-Z or Sean "Diddy" Combs into dropping her lawsuit
- Business Insider
The internet is in awe of Warren Buffett's perfectly timed cash-out
Warren Buffett is being hailed on social media for dumping stocks and building a record $334 billion cash pile before the stock market tumbled.
- Insider Monkey
Is Intel Corporation (INTC) the Top Semiconductor Stock to Buy Now?
We recently published a list of Top 10 Semiconductor Stocks to Buy Now. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against other top semiconductor stocks to buy now. The global semiconductor industry reported a collective revenue of $626 billion in 2024, an 18.1% increase YoY, as […]
- The Canadian Press
Loblaw, George Weston settle bread price-fixing class-action lawsuits
Loblaw Cos. Ltd. and its parent company George Weston Ltd. have executed a settlement over a pair of class-action lawsuits related to an alleged industry-wide scheme to fix the price of bread.
- The Canadian Press
Group of Ontario school boards says lawsuits against social media giants can proceed
A group of Ontario school boards said Tuesday its legal fight against Meta, Snapchat and TikTok will proceed after a judge struck down the social media giants' motion to dismiss the case.