BP To Slash More Jobs as Profit Halves
BP (NYSE: BP) is deepening its cost-cutting drive, now eyeing an additional 3,400 job cuts after laying off 3,000 contractors in Q1, as the oil major grapples with a sharp 49% decline in quarterly profit and mounting pressure to deliver free cash flow. The move, facilitated by AI software from Palantir (NYSE: PLTR), underscores the […]
Canada’s Fractured Election: Liberal Minority, Conservative War, Western Alienation
In a tightly contested federal election, Prime Minister Mark Carney’s Liberal Party has emerged victorious but failed to secure a majority, triggering political fragmentation, party infighting, and market turbulence as Canada prepares for what many analysts are calling a short-lived Parliament. With 343 of 343 seats reporting, the Liberals secured 168 seats, falling 4 short […]
Conservative Leader Poilievre Defeated in Own Riding as Liberals Take Power
Conservative Leader Pierre Poilievre not only failed to become prime minister but also lost his own parliamentary seat in Monday’s Canadian election, a stunning personal defeat that came despite his last-minute effort to distance himself from US President Donald Trump. Poilievre, who had held the riding of Carleton since 2004, was defeated by Liberal candidate […]
Spain’s Grid Goes Dark After Hitting 78% Renewables
Spain’s ambitious renewable energy mix faced a harsh reckoning as a massive grid failure swept across the Iberian Peninsula—cutting power to millions in Spain and Portugal—just minutes after the country reached record-low reliance on dispatchable generation. At 12:30 p.m. local time, Spain was running on a grid powered by approximately 78% solar and wind, with […]
Amazon Tariff Transparency Spurs White House Backlash: “Not A Surprise”
Amazon’s (NASDAQ: AMZN) decision to display the cost of Trump-era tariffs on product listings has triggered a sharp rebuke from the White House. “This is a hostile and political act by Amazon,” said Press Secretary Karoline Leavitt during a briefing Tuesday, suggesting the platform’s new pricing strategy is a targeted critique of President Donald Trump’s […]
GR Silver Suspends Exploration Work In Sinaloa, Mexico Over Security Concerns
The security situation in Sinaloa, Mexico has forced another mining exploration name to halt activity in the region. GR Silver (TSXV: GRSL) this morning indicated it is suspending field work at its Plomosas Silver Project. GR Silver stated in making the announcement that there have been no specific incidents of violence on its properties, and […]
G Mining Reports Oko West NPV Of $2.2 Billion In Feasibility Study
G Mining Ventures (TSX: GMIN) has completed a feasibility study for its Oko West Gold project, where early works construction efforts are already underway. The project is said to have an after-tax net present value of $2.2 billion and an internal rate of return of 27%, alongside a payback period of 2.9 years under the […]
Singh Resigns as NDP Loses Widely
NDP Leader Jagmeet Singh conceded defeat in Burnaby Central and announced his resignation as party leader. Singh, who lost his newly assigned riding to Liberal candidate Wade Chang, acknowledged his party’s disastrous performance in a brief and somber concession speech. “I’ll be stepping down as party leader as soon as an interim leader can be […]
North Korea Finally Admits Sending Military Personnel To Fight With Russia In Ukraine War
North Korea has formally acknowledged that it has dispatched military personnel to support Russian operations in Ukraine, the first time either nation has confirmed the long-suspected deployment. Pyongyang’s announcement came through state media, which indicated leader Kim Jong Un authorized the military action as part of defense commitments established in a bilateral agreement with Russian […]
’60 Minutes’ Anchor Rebukes Parent Company as Trump Lawsuit Pressures CBS
In a rare and direct rebuke, 60 Minutes correspondent Scott Pelley on Sunday night publicly criticized CBS News’ parent company, Paramount Global (NASDAQ: PARA), over mounting corporate interference, following the abrupt resignation of the program’s executive producer, Bill Owens. “It was hard on him and hard on us,” Pelley said during the program’s closing moments, crediting Owens […]