US Commits $100 Billion to Break China’s Grip on Critical Minerals
The US Export-Import Bank will commit $100 billion toward securing supply chains for critical minerals, nuclear energy, and liquefied natural gas in the United States and partner nations, the agency’s chairman announced in a weekend interview with the Financial Times. John Jovanovic, who chairs the independent federal trade financing agency, said that initial deals will […]
Joly’s France Envoy Stint Jumpstarts Carney’s Cabinet Overhaul
Melanie Joly’s bid to become Canada’s Ambassador to France has become the focal point of a broader Mark Carney plan to move out senior Trudeau-era Liberals, stage synchronized by-elections, and engineer a major cabinet overhaul within weeks. According to multiple Liberal and non-Liberal sources, Joly is actively seeking the Paris post, which comes with high […]
Britain Unveils Plan to Cut Dependence on China for Critical Minerals
Britain launched a comprehensive strategy on Friday to reduce its reliance on foreign suppliers of critical minerals essential for electric vehicles, renewable energy, and defense systems, setting ambitious targets to boost domestic production by 2035. The government aims to source 10% of its critical mineral needs from domestic extraction and processing, and another 20% through […]
$2.8B Uranium Deal Thaws Canada-India Frozen Nuclear Trade Relations
A planned US$2.8 billion uranium export deal between Canada and India would anchor a broader reset in nuclear and trade relations after a two-year diplomatic rupture and mark a step change from their last uranium contract in 2015. People familiar with the talks say the pact being finalized in Ottawa would run for about 10 […]
Meta Turns to Google Chips in Blow to Nvidia’s AI Dominance
Meta Platforms (Nasdaq: META) is negotiating a multibillion-dollar agreement to purchase Google‘s custom artificial intelligence chips for its data centers starting in 2027, according to a report Monday that sent tech stocks moving in opposite directions. The social media giant plans to integrate Google’s tensor processing units into its facilities while also exploring rental options […]
Trump Never Implemented 10% Canada Tariff Threat from October
President Donald Trump announced plans on October 25 to increase tariffs on Canadian goods by an additional 10%, but four weeks later, he still has not implemented the levy. Trump announced on Truth Social on October 25 while traveling on Air Force One to Malaysia that Ontario’s provincial government had committed a “hostile act” by […]
Nvidia Answers Michael Burry’s Claims With Detailed Accounting
Nvidia is directly challenging fraud-linked claims tied to short seller Michael Burry by leaning on cash flow, balance sheet structure, and detailed investment data to argue that a $610 billion “circular financing” narrative does not match its numbers. In a memo to analysts described by Raymond James, Nvidia rebutted allegations drawn from “The Algorithm That […]
Mystery Investor Behind Napster’s $3 Billion Deal Fails to Deliver
Napster Corporation disclosed to shareholders last week that a previously announced $3 billion funding round no longer exists, attributing the situation to misconduct, according to an email to shareholders obtained by Forbes. CEO John Acunto told approximately 700 shareholders, employees, and investors during a November 20 online meeting that the mystery investor, whom company officials […]
Ottawa Wants To Cut Duplication In Project Reviews With Ontario, Manitoba
Draft co-operation agreements between the government and the provinces Ontario and Manitoba would formalize a one project and one review model by committing Ottawa to rely on provincial assessment processes. In the Ontario draft, Canada explicitly recognizes the province’s constitutional authority over natural resources and agrees to work toward One Project, One Review, and One […]
Carney Says Canada Drops ‘Feminist Foreign Policy’ Label at G20 Summit
Prime Minister Mark Carney declared Sunday that Canada no longer considers itself to have a feminist foreign policy, breaking from a cornerstone doctrine of his Liberal predecessor Justin Trudeau’s government. Speaking at a press conference during the G20 summit in Johannesburg, Carney acknowledged Canada maintains gender equality as a foreign policy priority but rejected the […]