Liberia Signs $1.8 Billion Railway Deal with US Mining Company
Liberia signed a $1.8 billion railway access agreement with US-based Ivanhoe Atlantic Inc. on July 4 that opens the country’s rail infrastructure to the American mining company for transporting iron ore from neighboring Guinea, officials said. The 25-year deal breaks ArcelorMittal’s two-decade exclusive control over the strategic Yekepa-to-Buchanan railway corridor and constitutes a major private […]
Enrollment Free-Fall Forces Historic Mass Layoffs Across Ontario’s Public Colleges
Twenty-four of Ontario’s public colleges have quietly executed one of the largest mass layoffs in provincial history, shedding well over 10,000 faculty and staff positions and mothballing or cancelling more than 600 academic programs during the past academic year. “These are huge numbers; the human toll of this is massive,” OPSEU/SEFPO president JP Hornick said, […]
Scam Surge Shadows Ottawa’s Plan to Admit Thousands Of French-Speaking Africans
Ottawa’s plan to recruit almost 80,000 French-speaking immigrants from Africa by 2027 has spawned a parallel market for visa fraud that is expanding faster than the program itself. Fraud rings now advertise “guaranteed” permanent residency across Facebook and WhatsApp, luring victims from Abidjan to Accra with fake job offers and forged IRCC letterhead.   […]
House GOP To Push US As The “Crypto Capital Of The World” In Crypto Week
House Republicans return Monday with a single mission—show that Congress will direct the race to make the US “the crypto capital of the world.” The Senate already passed the bipartisan GENIUS Act, a narrow bill that writes rules for US-dollar stablecoins. President Donald Trump indicated that he wants that text “clean” and on his desk […]
OPEC+ Mulls It May Tap the Brakes After September’s Barrel Hike
OPEC and its allies are weighing a pause to their fast-tracked production revival once the final 550,000-barrel-per-day tranche of their current plan lands in September, delegates familiar with the private talks said this week. The discussion—still “at an early stage,” according to one delegate—would halt any further unwinding of the alliance’s remaining 1.66 million bpd […]
Canada Launches Sweeping Review to Cut Federal Red Tape
Canada’s government launched a comprehensive review of federal regulations Tuesday, aiming to eliminate outdated rules and reduce bureaucratic burden on businesses as Prime Minister Mark Carney seeks to deliver on promises to streamline government and boost economic growth. Treasury Board President Shafqat Ali announced the initiative, requiring all federal ministers to examine regulations within their […]
Pentagon Takes 15% Stake In Rare Earth Producer MP Materials, Becomes Largest Shareholder
MP Materials (NYSE: MP) has struck a multibillion-dollar alliance with the US Department of Defense that rewires the nation’s rare earth magnet supply and elevates the Pentagon to its largest shareholder. The pact gives the military $400 million in convertible preferred stock—plus attached warrants—equal to a 15% fully diluted stake once exercised. At the center […]
Chevron Implements Texas Layoffs as Part of Global Workforce Reduction
Chevron Corp. (NYSE: CVX) plans to lay off approximately 200 employees in Texas on July 15 as part of a sweeping global restructuring plan that will eliminate up to 20% of its workforce by 2026. The scheduled Midland-area layoffs will target three locations in the heart of Chevron’s Permian Basin operations. The cuts represent the […]
Elon Musk Lost Top Execs In X, Tesla In A Week
Elon Musk saw a rapid thinning of his executive bench this week as four high-profile lieutenants departed across three of his flagship companies—social media platform X, artificial intelligence startup xAI, and automaker Tesla. Linda Yaccarino set the tone Tuesday, announcing: “After two incredible years, I’ve decided to step down as CEO of X,” adding that […]
Halifax Face 17% Rent Shock Even as CMHC-Backed Supply Floods Market
A new mid-year update from Canada Mortgage and Housing Corporation shows average rents for occupied two-bedroom units in Halifax jumped 17.1% year-over-year in Q1 2025—the steepest increase among the country’s seven largest urban centres. The surge came even as advertised rents for vacant apartments in the city fell 4.2% over the same period. “Since October […]