OpenAI Shuts Down Sora as Disney Deal Collapses
OpenAI announced Tuesday it is shutting down Sora, its AI-powered video generation app, just six months after launch, pulling the plug on what had been one of the most hyped consumer AI products of 2025 and collapsing a landmark $1 billion deal with Disney (NYSE: DIS) in the process. The company offered no specific reason […]
Ontario Extends 13% HST Relief To New Homes
Ontario plans to temporarily expand the HST rebate on newly built homes to all eligible buyers for one year, replacing a first time buyer only benefit with a broader tax break worth as much as $130,000 per purchase and backed by an estimated $1.4 billion provincial cost. Premier Doug Ford announced the plan on Wednesday, […]
Iran Tables Demands: No Talks Without Base Closures, Sanctions Relief, and Hormuz Fees
Iran has responded to a US ceasefire proposal with a sweeping set of counter-demands, insisting on the closure of all US military bases in the Gulf, the lifting of all sanctions, an end to the Israeli campaign against Hezbollah, financial compensation for war damage, and a formal framework granting Tehran the right to collect transit […]
Ukrainian Drone Strikes Halt Russian Oil Exports at Baltic Ports Amid Escalating Conflict
Ukrainian drone strikes have forced the suspension of crude oil and oil product loadings at Russia’s key Baltic Sea ports of Ust-Luga and Primorsk, marking one of the largest attacks on the country’s export facilities in the four-year conflict. A blaze at Ust-Luga, visible from Finland, has severely disrupted operations at terminals critical to Russia’s […]
Iran War Pushes Philippines Toward China in South China Sea Energy Talks
President Ferdinand Marcos Jr. said Tuesday the Middle East energy crisis may provide the opening needed to restart joint oil and gas development talks with China in the disputed South China Sea, marking the most direct signal yet of a broader realignment in Philippine foreign policy driven by surging fuel prices. Speaking to Bloomberg Television […]
Lithium Ionic De-Risks Bandeira Project With Two Offtake Agreements
Lithium Ionic (TSXV: LTH) has cleared a major hurdle on its path to production, securing long-term offtake agreements with two of the lithium industry’s heavyweights. The company announced Wednesday that it has signed five-year binding take-or-pay agreements with Sichuan Yahua Industrial Group Co. and Grand Chen Resources. Under the terms, Lithium Ionic will supply a […]
Selkirk Copper Assays 4.0% Copper Equivalent Over 8.1 Metres At Minto
Selkirk Copper Mines (TSXV: SCMI) is nearing a milestone in its push to revive the Minto Mine, reporting a significant expansion of mineralization across four key resource zones as completion of the Phase 1 drill program nears.
Iran Rejects Witkoff and Kushner, Insists Vance Lead Ceasefire Talks
Iran has told the Trump administration it will not re-enter ceasefire negotiations with US Special Envoy Steve Witkoff or presidential adviser and son-in-law Jared Kushner, demanding instead that Vice President JD Vance lead any future talks — a move that exposes deep fractures in Washington’s diplomatic front even as both sides claim progress toward a […]
BMO, CME, And Google Cloud Launch Tokenized Cash Platform
Bank of Montreal is moving deeper into tokenized money infrastructure with plans to introduce 24/7 tokenized cash capabilities for institutional clients through CME Group’s permissioned network on Google Cloud Universal Ledger. BMO will provide the bank-anchored tokenized instrument, CME Group will provide the institutional network and clearing-linked use case, and Google Cloud will provide the […]
Iran Now Charges Up to $2 Million for Hormuz Passage
Iran is seeking transit payments of as much as $2.0 million from some commercial vessels moving through the Strait of Hormuz, creating an informal toll on one of the world’s most important shipping lanes and adding a new cost layer to already disrupted energy flows in the fourth week of the Middle East war. The […]