India Accelerates Nuclear Power Expansion to Meet Climate Goals
India’s power ministry has outlined an aggressive plan to increase nuclear energy capacity more than tenfold to 100 gigawatts by 2047, as the country races to reduce its dependence on coal and meet climate commitments, three officials with direct knowledge told Reuters. A consultative committee meeting chaired by Power Minister Manohar Lal Khattar on April […]
US Adopts China-Style Playbook in Race for Critical Minerals
In a move echoing Beijing’s state-backed playbook, the Trump administration is signaling a profound pivot in industrial policy by actively considering equity stakes in mining and processing companies. President Donald Trump signed an executive order fast-tracking deep-sea mining permits, instructing federal agencies to identify and prioritize mineral-rich regions under the Deep Seabed Hard Mineral Resources […]
Hawley Reintroduces PELOSI Act to Ban Lawmakers from Trading Stocks
Republican Senator Josh Hawley has reintroduced legislation aimed at preventing members of Congress from trading individual stocks, reviving a push for ethics reform that has seen several false starts in recent years. The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act would ban lawmakers and their spouses from holding or trading individual stocks […]
Toyota and Waymo Partner to Bring Self-Driving to Personal Vehicles
Toyota Motor Corp (TYO: 7203) and Alphabet Inc’s (Nasdaq: GOOG) Waymo have reached a preliminary agreement to collaborate on developing and deploying autonomous driving technology, the companies announced on Tuesday. The partnership aims to combine Waymo’s autonomous driving expertise with Toyota’s vehicle design capabilities to create a new autonomous vehicle platform, while enhancing safety features […]
China Approves 10 Nuclear Reactors in $27 Billion Power Push
China has approved construction of 10 nuclear reactors worth nearly $27.4 billion, accelerating the world’s most ambitious atomic energy program as the country works to meet climate goals while reducing reliance on coal, state media and companies involved in the projects said. The approvals, granted at an April 27 State Council meeting led by Premier […]
UPS to Cut 20,000 Jobs Amid Amazon Business Reduction
United Parcel Service (NYSE: UPS) plans to eliminate 20,000 positions this year and close 73 facilities as it dramatically scales back operations following a significant reduction in shipments from its largest customer, Amazon.com Inc (NASDAQ: AMZN). The job cuts, representing about 4% of UPS’s global workforce of nearly 490,000 employees, come as part of the […]
Danielle Smith Moves Closer To Referendum On Alberta Secession
In a striking post-election statement, Premier Danielle Smith congratulated Prime Minister Mark Carney on winning a “minority government.” However, the warning that comes after struck a chord: “Albertans are proud Canadians…but we will no longer tolerate having our industries threatened and our resources landlocked by Ottawa.” She further demanded that the federal government “reset the […]
Liberal Victory Triggers Fiscal Warning from Fitch, Canada’s AA+ Rating at Risk
Fitch Ratings issued a stark warning, highlighting that the incoming Liberal government’s fiscal platform poses a material risk to Canada’s AA+ credit rating, citing sharply widening deficits and structurally higher spending under Prime Minister Mark Carney’s leadership. Fitch revised its 2025 and 2026 deficit estimates upward by 0.4 and 0.8 percentage points of GDP, respectively, […]
Loblaw Sees Q1 2025 EPS Rise Despite Core Retail Slowdown
Loblaw Companies (TSX: L) reported consolidated revenues of $14.14 billion for Q1 of fiscal year 2025, up 4.1% from $13.58 billion in Q1 2024. While this top-line growth outpaced expectations of $14.06 billion, a closer look reveals concerning underlying weaknesses. Food retail sales grew modestly by 4.0% to $9.79 billion, but same-store sales rose only […]
Emerita Resources Increases Indicated Resources By 35%, Inferred Resources By 44% In Latest Estimate
Emerita Resources (TSXV: EMO) has filed a technical report for its recently updated mineral resource estimate at the Iberian Belt West project in Spain. The report saw indicated resources increase by 35%, while inferred resources improved by 44%. The estimate conducted at the IBW project is based on a total of 105,554 metres of drilling […]