Europe Stakes Its Claim in Space with Rival to Starlink
The European Union signed contracts on Monday for a €10.6 billion satellite project aimed at rivaling Elon Musk’s Starlink, with plans to launch 290 satellites by 2030 as concerns grow over space-based communications sovereignty. The IRIS2 constellation will be built through a public-private partnership involving Luxembourg’s SES SA, France’s Eutelsat SA, and Spain’s Hispasat SA. […]
Not In A Precious Metals Mining Bull Market And That’s A Good Thing | Peter Marrone, Allied Gold
In this interview, Peter Marrone, Chairman and CEO of Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF), shares insights into his new venture following a successful $4.8 billion exit from Yamana Gold in 2023. Marrone outlines an ambitious growth strategy for the company, planning to more than double production from 344,000 ounces to 800,000 ounces by […]
Barrick Gold Warns of Shutdown as Mali Dispute Escalates
Barrick Gold Corporation (TSX: ABX) warned this week that it may be forced to suspend its mining operations in Mali if the country’s government continues blocking shipments and refuses to reach a negotiated agreement on disputes related to the Loulo-Gounkoto mining complex. The standoff arises from ongoing disagreements over the implementation of Mali’s 2023 Mining […]
Germany to Hold Snap Election on February 23 After Scholz Defeat
Germany is set for a snap election, scheduled for February 23 following the collapse of Chancellor Olaf Scholz’s government following a failed confidence vote on Monday. The election comes as opposition leader Friedrich Merz’s conservative alliance maintains a strong lead in polls and the economy faces stagnation. Scholz’s formal defeat in a parliamentary confidence vote, […]
TikTok Seeks Supreme Court Intervention to Block US Ban
TikTok and its China-based parent company ByteDance filed an emergency request to the Supreme Court on Monday, seeking to block a law that would force ByteDance to sell the popular video app by January 19 or face a US ban. A group of TikTok content creators filed a parallel request, arguing that even a temporary […]
Dominic LeBlanc Takes Over Finance Ministry Amid Trudeau’s Growing Crisis
Prime Minister Justin Trudeau is facing a deepening political crisis after Deputy Prime Minister Chrystia Freeland’s abrupt resignation as finance minister on Monday. The shocking departure, reportedly triggered by Trudeau’s request to reassign Freeland to a lesser role, has left the Liberal government scrambling to regain stability amidst growing internal dissent. Freeland’s exit, delivered just […]
Verses AI Sees Genius Outperform OpenAI Model In Tech Challenge
Verses AI (CBOE: VERS) has reached a major milestone in the world of artificial intelligence. It’s Genius platform has successfully outperformed an OpenAI model in a code-breaking challenge.
Lion Electric To File For Creditor Protection After Defaulting On Debt
Canada’s Lion Electric Company (TSX: LEV) is throwing in the towel. The electric vehicle maker has seen its grace period end under certain covenant reliefs granted by lenders, and as a result is expected to file for creditor protection. More specifically, National Bank of Canada, who represents a syndicate of lenders under a senior revolving […]
Mandalay Resources Guides To Lower Gold Production In 2025
Mandalay Resources (TSX: MND) this morning confirmed that production in 2024 will remain within the range of 90,000 to 100,000 gold equivalent ounces across its operations on a consolidated basis, while issuing guidance for the oncoming year. In 2025, production is expected to decline marginally versus 2024, with current guidance calling for production of 85,000 […]
Cocoa Futures Surge Past $11,700 As Supply Crisis Deepens
Cocoa futures surged to a historic high on Monday, with the most actively traded contract reaching $11,821 per ton, marking a 4.61% increase. The commodity’s price has more than doubled since the start of 2024, driven by persistent supply shortages and mounting challenges in West Africa’s cocoa-producing regions. The crisis stems from multiple factors, including […]