Dwindling Donations Push Vatican to the Brink of Bankruptcy
The Vatican, often seen as an emblem of spiritual and material wealth, is facing a financial crisis. A dramatic decline in global donations and escalating operational costs have brought the Holy See close to insolvency. With an $87 million operating deficit reported in 2023—a figure growing annually—the Vatican’s financial future hangs in the balance. This […]
Japan’s Nippon Steel, Sojitz Take 49% Equity In Champion Iron to Advance Kami Project
Champion Iron Limited (TSX: CIA) has achieved a significant milestone in advancing its high-purity iron ore project, Kami, located in Newfoundland and Labrador, Canada. The Australian mining company announced a pivotal partnership with Japan’s Nippon Steel Corporation and Sojitz Corporation. Under the agreement, the Japanese firms will acquire a 49% stake in the Kami project […]
Canadian Copper Targets H1 2025 For Release Of PEA On Murray Brook
Canadian Copper (CSE: CCI) has released its objectives for 2025 as the year comes to a close. The outlook follows a year in which the company successfully secured the exclusive right to acquire the Caribou Processing Complex, while selling non-core assets as it focuses its efforts on the development of Murray Brook.
Franco-Nevada Acquires Gold, Platinum Stream From Sibanye-Stillwater
Franco-Nevada (TSX: FNV) has acquired a new precious metals stream following a transaction with Sibanye-Stillwater. The arrangement will see Franco-Nevada obtain both gold and platinum from certain operations in South Africa. The stream specifically applies to the Marikana, Rustenburg and Kroondal operations of Sibanye, which are part of the Western Limb of the Bushveld Complex. […]
Fission Uranium Receives Federal Approval For Paladin Energy Transaction
Fission Uranium (TSX: FCU) has been granted federal approval for its acquisition by the Australia-based Paladin Energy. The firm this morning indicated that the Minister of Innovation, Science and Industry has provided clearance under the Investment Canada Act to proceed with the transaction. The transaction, announced back in late June, will see Paladin Energy acquire […]
California Declares Emergency Over Bird Flu in Dairy Cattle
California Governor Gavin Newsom has declared a state of emergency over an outbreak of bird flu in dairy cattle, as the virus spreads across US dairy farms and authorities rush to contain its transmission. The H5N1 virus, detected in dairy cows in Southern California, has now spread to dairy herds across 16 states since first […]
Substack Faces Backlash Over Deal With The Free Press
Just a year after Substack earned the ire of over 200 of its publishers for keeping Nazi-leaning content monetized on the platform, it’s kind of doing it again. This time with the controversial journalist Bari Weiss. The digital publishing platform announced Tuesday a partnership with Weiss to launch what it calls an “enterprise offering” for […]
Nigeria Busts International Fraud Ring Operating From Lagos Tower, Arrests Nearly 800 People
Nearly 800 suspects were arrested in a landmark raid targeting an international cybercrime syndicate operating from a luxury building in Lagos, with evidence suggesting foreign operatives are using Nigeria as a base for sophisticated investment fraud schemes. The Economic and Financial Crimes Commission (EFCC) apprehended 792 suspects on December 10 at the seven-story Big Leaf […]
Federal Reserve Cuts Interest Rates 25 Bps, Signals Cautious Optimism
The Federal Reserve announced a quarter-point cut in its benchmark interest rate on Wednesday, lowering the target range to 4.25% to 4.5%. This marks the third rate reduction in 2024, bringing the total cuts to 1 percentage point since September. In its statement, the Federal Open Market Committee noted that economic activity continues to expand […]
Canadian Western Bank’s Profit Drops 17% As Provisions for Credit Losses Spike Over 400%
Canadian Western Bank (TSX: CWB) has released its fourth-quarter and fiscal year 2024 financial results, revealing mixed performance characterized by revenue growth, heightened credit provisions, and operational challenges. For fiscal 2024, CWB reported common shareholders’ net income of $268 million, a decline of 17% compared to $324 million in 2023. This translated to diluted earnings […]