Xbox Cuts 3,200 Jobs and Sells Off Four Studios in Its ‘Most Significant Restructure’ Ever
Microsoft posted record quarterly profit and is pouring $100 billion into AI this year, even as Xbox lays off thousands and sells off game studios.
Why Canada Chose Germany’s TKMS for Its Biggest-Ever Defense Deal
Hanwha’s loss means a $345 million steel mill deal for Sault Ste. Marie is off the table, while Germany’s TKMS moves ahead with a $100 billion, decades-long submarine program.
After Carney’s Oil Pivot, Ottawa Injects $26M Into Prairies’ Clean Energy
Energy and Natural Resources Minister Tim Hodgson announced a $26 million clean energy push in Alberta and Saskatchewan, putting federal money behind 17 projects across the Prairies. The projects cover energy storage, wind, solar, transmission planning, Indigenous-led power development, methane reduction, renewable natural gas, low-emissions cement, and building efficiency. It came days after Prime Minister […]
Lockheed Targets Subsea Defense With Ultra Maritime $3.45B Acquisition
Lockheed Martin is moving deeper below the waterline, signing a definitive agreement to acquire Ultra Maritime for $3.45 billion, adding a defense supplier focused on undersea warfare and anti-submarine warfare for allied naval forces. Ultra Maritime’s portfolio includes sonar technologies, sonobuoys, torpedo defense systems, radar solutions and autonomous maritime sensing platforms, according to Lockheed’s announcement. […]
Sponsored · Cambria Gold Mines
Alberta and Ontario Unveil 500,000 bpd Northern Shield Pipeline Plan
A proposed 3,300-kilometre oil pipeline connecting Alberta’s production hub at Hardisty to refineries in Sarnia, Ont., was announced Monday by premiers Doug Ford and Danielle Smith, carrying no confirmed price tag, no set timeline, and a significant gap in support from the province it would need to cross. Manitoba is sitting out. Premier Wab Kinew […]
Schwab Angles For A WEF Comeback, Pressing Board For Advisory Role, The Journal Reports
More than a year after Klaus Schwab left World Economic Forum, the institution he built over more than five decades, the 88-year-old Davos founder is reportedly pressing for a path back into the organization’s orbit. The Wall Street Journal reported that Schwab recently sent letters to WEF board members seeking an advisory role, access to […]
Trump Reportedly Now Favors Vance Over Rubio As 2028 Heir
President Donald Trump’s 2028 succession contest is starting to look less like a personality pageant and more like an infrastructure race. Axios reported that Vice President JD Vance has emerged as Trump’s favored heir “for now,” citing a summer in which the vice president expanded his media footprint, helped lead a $70 million fundraising effort […]
OPEC+ Announces Output Hike But Will The Barrels Really Come?
OPEC+ has agreed to raise August production targets by 188,000 barrels per day, but the market’s bigger question is whether those barrels will actually arrive. The July 5 decision by seven OPEC+ producers extends the group’s gradual rollback of voluntary output cuts. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman backed the increase, according […]
Sponsored · Selkirk Copper Mines
Rogers Purchases Final MLSE Stake for $4.35B
Rogers Communications is set to become the sole owner of Maple Leaf Sports and Entertainment after agreeing to pay $4.35 billion for Larry Tanenbaum’s Kilmer Sports Inc., which held a 25 per cent ownership position in the sports empire. The transaction hands Rogers full control of one of the most valuable sports portfolios in the […]
Antimony Resources Hits 33.40% Antimony in Latest Bald Hill Drilling
Antimony Resources (CSE: ATMY) has reported assay results from four additional drill holes at its Bald Hill antimony deposit, extending a run of high grade hits across the property’s Main Zone. Highlights from the results include: All four holes intersected antimony-bearing stibnite, with most mineralization sitting roughly 100 to 150 metres below surface and one […]