Russia Arrests WSJ Reporter Over Allegedly Attempting to Steal State Secrets
A Wall Street Journal reporter was detained in Russia over allegedly attempting to obtain state secrets. According to Kremlin spokesperson Dmitry Peskov, WSJ correspondent Evan Gershkovich was caught “red-handed” by the Federal Security Service (FSB) on Thursday after he supposedly “attempted to receive” secret information regarding a defense facility, in violation of the country’s laws […]
OKX To Turn Over $157 Million In Frozen FTX And Alameda Assets To Debtors
Crypto exchange OKX revealed on Thursday that it will be turning over approximately $157 million in frozen assets related to the failed exchange FTX and Alameda Research, in response to a motion filed today in the FTX bankruptcy proceedings. The firm relayed that at the time of FTX implosion in November 2022, OKX “proactively initiated […]
First Majestic Sells La Guitarra to Sierra Madre For $45 Million
First Majestic Silver (TSX: FR) closed on Thursday its previously announced transaction to sell its 100% owned past producing La Guitarra Silver Mine to Sierra Madre Gold & Silver (TSXV: SM). The mining firm first announced the proposed acquisition back in May 2022. In exchange for the sale, First Majestic received 69,063,076 Sierra Madre shares […]
Liberals Implement National Corporate Ownership Registry to Expose Shell Companies
The Liberal government plans to move forward with legislation implementing a corporate ownership registry, in an effort to bring more transparency over who owns and controls major businesses in Canada. “The use of anonymous Canadian shell companies can conceal the true ownership of property, businesses, and other valuable assets. When authorities don’t have the tools […]
Sayona, Piedmont Lithium Restart Spodumene Production At North American Lithium
The North American Lithium project in Quebec has finally been restarted, thanks to a joint effort by Sayona Mining (ASX: SYA) and Piedmont Lithium (NASDAQ: PLL). The project represents a major source of new spodumene production within North America. The project is one of three projects operated by Sayona Quebec, which itself is a joint […]
Verde Agritech Misses Revenue Guidance By 26%, Lowers Expectations For 2023
Verde Agritech (TSX: NPK) is expected to have a rough day in the market today after reporting fiscal 2022 results that failed to meet guidance figures in a substantial way. Revenue fell short of the most recent guidance by 26%, with the company blaming several factors on the shortfall. Revenue in 2022 amounted to $80.3 […]
Verano Sees Losses Widen In Q4 After Impairing Assets
Verano Holdings (CSE: VRNO) has saw its revenue growth flatline in the fourth quarter, with the company reporting this morning that the quarter saw a 1% decline in net revenue versus the third quarter. Revenue overall came in at $225.9 million, down 1% from the $227.6 million reported in the third quarter, but up 7% […]
California Goes Full Trudeau: Lawmakers Want Tech Giants to Pay News Outlets for Their Content
Lawmakers in California are taking note of the Liberal government’s new revenue-sharing bill that will force major tech giants to share profits with news publishers. Oakland lawmaker Buffy Wicks is proposing a bill that would require technology companies such as Google and Facebook to pay news publishers for sharing content on their platforms. This move […]
18% Staff Layoffs, Over 600 Recalls: Is Lucid Motors Still Lucid?
Lucid Group (NASDAQ: LCID) announced plans to let off hundreds of employees during an all-hands meeting on Tuesday. Lucid CEO Peter Rawlinson informed staff that the business will lay off approximately 18% of its workforce. According to regulatory filings, Lucid employed around 7,200 people worldwide as of the end of 2022, which equates to approximately […]
The RESTRICT Act: No, You Won’t Get 20 Years If You Use A VPN To Access TikTok
Today’s geopolitical climate has seen the US, as well as other countries in the West, become increasingly concerned over national security risks posed by some foreign information and communications technology (ICT) products and services, primarily Chinese-owned TikTok. In early March Senator Mark Warner, a Democrat from Virginia, introduced Senate Bill 686 or the Restricting the […]