Iran and Saudi Arabia Agree to Restore Diplomatic Ties
Longtime regional adversaries, Iran and Saudi Arabia, have agreed to resume diplomatic relations and reopen embassies in each other’s countries, following negotiations in Beijing led by China. The two governments announced the agreement via their respective state media agencies, with both agreeing to resume diplomatic relations and re-open embassies within two months. The Saudi statement […]
First Phosphate Intersects 83.5 Metres Of 7.8% Phosphate At Begin-Lamarche
Results are in for initial drilling at the Begin-Lamarche property, owned by First Phosphate Corp (CSE: PHOS). Located in the Saguenay-Lac-St-Jean region of Quebec, the property consists of a total of 612 hectares of prospective claims. The released results consist of two holes drilled, which collectively intersected four high-grade phosphate layers. The results are said […]
DOJ, Trustee Appeal Court-Approved Binance-Voyager Deal
The Department of Justice (DOJ) filed an appeal late Thursday evening against a New York bankruptcy judge’s decision to approve Binance.US’s billion-dollar proposal to acquire the assets of bankrupt crypto lender Voyager Digital. The appeal filed by the US Trustee’s Office, a DOJ division in charge of managing bankruptcies, came just one day after bankruptcy […]
Canada Walks Back On Targeting Chinese Investments In Canadian Mining Firms
Canada will not compel Chinese state investors in three of its major mining companies to sell their stakes because doing so would create policy uncertainty, clarified the country’s natural resources minister. In November, the Government of Canada announced that it was ready to enforce provisions under the Investment Canada Act. The decision relates to the […]
BMO To Acquire Air Miles Rewards Program Following Bankruptcy Filing
BMO (TSX: BMO) has entered an arrangement to acquire the popular Air Miles Reward program from that of a subsidiary of Loyalty Ventures (NASDAQ: LYLT). The deal was announced concurrently this morning with the news that Loyalty Ventures and its subsidiaries have filed for chapter 11 bankruptcy protection in the US. BMO has agreed to […]
A Majority of Canadians Support Trudeau’s Immigration Push, New Survey Says
Despite the housing crisis, the sentiment toward the Trudeau government’s push for immigration appears to be positive. A new poll by Nanos Research Group for Bloomberg News found that 52% of Canadians believe that Prime Minister Justin Trudeau’s plans to increase immigration will have a positive or somewhat positive impact on the country’s economy, while […]
Silicon Valley Bank: Shares Plummet 70%, Clients Reportedly Told Wires Are “Backed Up”
Investors sold shares of SVB Financial Group (Nasdaq: SIVB) and other US banks after the tech-focused lender reported it lost about $2 billion selling assets due to a larger-than-expected decrease in deposits. SVB announced late Wednesday that it will book a $1.8 billion after-tax loss on investment transactions and seek to raise $2.25 billion through […]
New NASA Map Shows the World’s Top CO2 Emitters
A new NASA map shows how Earth is releasing and absorbing carbon dioxide – and it also reveals the planet’s top CO2 emitters based on satellite and surface observations from 2015 to 2020. The research, which uses satellite measurements from NASA’s Orbiting Carbon Observatory-2 (OCO-2) mission and a network of surface-based observations, generates estimates of […]
WWE Wants You to Bet On … Scripted Matches
WWE (NYSE: WWE) is in talks with regulators in Colorado and Michigan to legalize gambling on certain high-profile events, according to a report by CNBC which cited people familiar with the matter. The promotion, which primarily operates scripted professional wrestling matches, has also reportedly tapped accounting firm Ernst & Young for the safe keeping of […]
Tim Hortons Incorrectly Tells ‘Roll Up To Win’ Participants They Won $10,000
Imagine receiving a notification that you’ve won $10,000 from Tim Horton’s – only to be told later that it was a glitch. The Canadian coffee chain said on Wednesday that there had been an issue with winner notifications for this year’s edition of the popular Roll Up To Win contest which started on Monday. The […]