US Extends Export Controls on Huawei AI Chips to ‘Anywhere in World’
The US has declared that using Huawei‘s AI chips anywhere in the world violates American export controls, dramatically expanding its claim to regulate technology far beyond US borders. The Commerce Department’s Bureau of Industry and Security announced Tuesday that deploying Huawei Ascend chips — even by Chinese companies operating solely in China — breaches US […]
Route Share: Uber’s Latest Innovation Is A Bus-Like Service
Uber (NYSE: UBER) launched Route Share on Wednesday, a fixed-route shuttle service that critics say bears striking resemblance to — wait for it — public transit, but at a premium price. The company says the new service offers rides at up to 50% less than its standard UberX option by operating on predetermined routes during […]
‘If Consensus Exists’: What’s the Catch in Carney’s Pipeline Support?
Prime Minister Mark Carney says he supports new pipelines if Canadians agree on them, but his cabinet appointments and policy decisions tell a different story. In a recent interview with CTV News, Carney explicitly said he supports building pipelines “if the consensus exists for one.” This carefully worded endorsement makes his support contingent on widespread […]
Dalio’s Bridgewater Bets Big on Gold
Bridgewater Associates, the world’s largest hedge fund, has opened a new $318.8 million position in SPDR Gold Trust, according to regulatory filings released Thursday. The investment, disclosed in a 13F filing with the Securities and Exchange Commission, represents a significant allocation to gold by the fund founded by billionaire investor Ray Dalio. The filing shows […]
Mali Court to Rule on Barrick Gold Mine Takeover May 22
A Mali court postponed until May 22 a hearing on whether to place Barrick Mining’s (TSX: ABX) Loulo-Gounkoto complex under provisional administration, escalating a months-long standoff between the Canadian mining giant and Mali’s military government. The dispute centers on Mali’s 2023 mining code that raises taxes and increases the government’s share in gold operations. Mali […]
Strathcona Pushes Hostile $5.9B Bid As MEG Energy Board Urges To Take No Action
Strathcona Resources (TSX: SCR) is in pursuit of MEG Energy (TSX: MEG), offering $23.27 per share—a 9.3% premium to MEG’s May 15 closing price—in a bid valued at approximately $5.9 billion. MEG’s board has advised shareholders to await its formal recommendation, but Strathcona—already MEG’s second-largest holder with 9.98%—argues the bid’s merits warrant direct investor scrutiny. “Strathcona respects […]
Lion Electric Assets Salvaged By Group Of Quebec-Based Investors
A group of Quebec-based investors have come together to salvage what remains of Lion Electric, the electric school bus manufacturer that late last year filed for creditor protection under Canada’s CCAA process. The company announced last night that the consortium of investors was the successful bidder under the sale and investment solicitation process. While details […]
CBC Scraps Bonus System After Controversy … But Will Raise Base Salaries Instead
The Canadian Broadcasting Corporation announced Wednesday it will eliminate its controversial bonus system and instead increase base salaries for affected employees after months of public criticism. The decision follows backlash over the public broadcaster paying $18.4 million in bonuses during the 2023-24 fiscal year while simultaneously cutting hundreds of jobs. Read: CBC Approves Staff Bonuses […]
Inside Qatar’s Record $1.2T Commitments to the US
Qatar’s multi‐billion‐dollar pledges to the US represent more than a show of economic muscle—they reveal a strategic bid to cement influence in Washington even as questions swirl over foreign interference and security risks. President Donald Trump’s whirlwind Doha visit yielded headline-grabbing deals: a record 160-aircraft order from Qatar Airways for Boeing jets worth over $200 […]
Erskine-Smith Is Salty About Not Being Part of Carney’s New Cabinet
Liberal MP Nate Erskine-Smith says he feels “disrespected” after being dropped from Prime Minister Mark Carney’s newly formed cabinet Tuesday. The Beaches-East York representative, who previously served as housing minister under former Prime Minister Justin Trudeau, was among 10 ministers who didn’t retain their positions in the cabinet shuffle. “It’s impossible not to feel disrespected,” […]