Larry Summers Resigns from OpenAI, Takes Leave from Harvard After Epstein Email Release
Former Treasury Secretary Larry Summers resigned from OpenAI’s board and took leave from Harvard University on Wednesday, days after emails revealed he maintained close contact with convicted sex offender Jeffrey Epstein years after his conviction. Summers announced his departure following intense scrutiny over correspondence the House Oversight Committee released last week showing ongoing communication with […]
US, Saudi Arabia Sign Nuclear Energy Deal as Kingdom Pledges Nearly $1 Trillion in American Investment
The United States and Saudi Arabia signed a joint declaration on civil nuclear energy cooperation on Tuesday during Crown Prince Mohammed bin Salman’s White House visit, with Saudi Arabia raising its American investment pledge to nearly $1 trillion from the $600 billion announced during President Donald Trump’s May trip to Riyadh. Energy Secretary Chris Wright […]
Germany Signs $1 Billion Deal for Canadian Naval Combat System
Germany’s navy has agreed to purchase a Canadian-developed combat management system in a contract valued at more than $1 billion, marking a significant expansion of defense cooperation between the two NATO allies. The Canadian Commercial Corporation announced Monday that Germany’s Federal Office of Bundeswehr Equipment has signed a government-to-government contract to equip German naval vessels […]
British Columbia Abandons 2035 Electric Vehicle Sales Mandate
British Columbia has scrapped its requirement that all new vehicles sold by 2035 be electric, abandoning both the 2035 mandate and a 90% target for 2030 that Energy Minister Adrian Dix called unrealistic. The province also permanently ended its rebate program, which offered up to $4,000 for electric vehicle purchases before suspension in May. Officials […]
Sponsored · Selkirk Copper Mines
Bill to Release Epstein Files Now Headed to Trump’s Desk
The House passed the measure 427-1, while the Senate approved the bill hours later through unanimous consent.
Ontario Suspends Immigration Stream, Returns All Applications Amid Fraud Concerns
Ontario has shut down a key immigration pathway for skilled tradespeople and returned all pending applications after an internal review uncovered widespread fraud, officials announced last week. The Ontario Immigrant Nominee Program suspended its Express Entry Skilled Trades Stream and will refund application fees to all affected candidates. Officials found they could not reliably verify […]
Canada Announces Major Funding Increase for European Space Agency Programs
Canada announced this week it will increase its investment in European Space Agency programs by $528.5 million over the next three to five years, marking a tenfold increase in contributions as Prime Minister Mark Carney’s government pursues closer ties with European allies amid shifting global trade relationships. Industry Minister Mélanie Joly made the announcement at […]
Elliot Investment’s Stake Puts Pressure On Barrick Mining Strategy
Elliott Investment Management’s arrival as a top-ten shareholder with an estimated stake of at least US$700 million puts immediate pressure on Barrick Mining (TSX: ABX) to sharpen strategy, narrow its geographic risk and consider structurally separating its North American operations from its African and Asian portfolio. Barrick shares rose about 1.5% in trading on Tuesday […]
Sponsored · Cambria Gold Mines
Aya Gold Set To Sell 2.5 Million Silver Equivalent Ounces In Concentrate From Boumadine
Aya Gold & Silver (TSX: AYA) has already begun to monetize their Boumadine asset, with the company this morning announcing the start of commercial production on site. But rather than coming from new mining efforts, commercialization is focused on a historical flotation stockpile of pyrite concentrate that is said to be rich in precious metals. […]
Altamira Gold Encounters Second Porphyry Body, Hitting 3.5 g/t Gold Over 8.0 Metres
Altamira Gold (TSXV: ALTA) has encountered a second new porphyry body at their flagship Cajueiro project in Brazil. The new body of mineralization was intersected followed reconnaissance drilling that was conducted at the Morro Verde target.