Cargill to Cut 5% of Global Workforce as Profits Slump
Cargill Inc. plans to eliminate 5% of its global workforce of 164,000, or around 8,000 jobs, as the world’s largest agricultural commodities trader grapples with falling profits amid lower crop prices and a shrinking US cattle herd. The job cuts at the privately held company come after profits fell to $2.48 billion in fiscal year […]
Scotiabank Falls Short of Investor Expectations Despite 5.9% Annual Earnings Jump
The Bank of Nova Scotia (TSX: BNS), commonly known as Scotiabank, has released its fiscal 2024 financial results, reporting a net income increase to $7.89 billion, up from $7.45 billion in 2023. Adjusted net income also rose modestly to $8.63 billion from $8.36 billion in the previous year, underscoring challenges in sustaining earnings momentum amid a […]
Alaska Energy Metals Hits 0.31% Nickel Equivalent Over 320.8 Metres At Eureka
Alaska Energy Metals (TSXV: AEMC) has released assay results from two of four drill holes conducted under a program focused on expanding the resource at the Eureka zone, part of the Nikolai project in Alaska.
Enbridge Expects 2025 Adjusted EBITDA Of $19.4 To $20.0 Billion
Enbridge (TSX: ENB) has released guidance for 2025 this morning, which is headlined by adjusted EBITDA guidance of between $19.4 billion and $20.0 billion, which represents growth over 2024 of approximately 9.4% based on guidance midpoints. Nearly half of that adjusted EBITDA is set to come from Enbridge’s Liquids Pipelines segment, with guidance calling for […]
F3 Uranium Intersects 50.1% U3O8 Over 4.5 Metres
F3 Uranium (TSXV: FUU) has hit high grade uranium under its latest drill program. The company released results this morning from hole PLN24-176, which is said to represent the best hole drilled to date at the JR Zone at its PLN property. Highlights from the results include: The results released are said to consist of […]
U.S. Races to Secure Nuclear Fuel as Russian Restrictions Take Hold
As the United States aims to triple its nuclear power capacity by 2050, concerns over supply chain vulnerabilities have pushed policymakers and industry leaders to confront the nation’s heavy reliance on Russian-enriched uranium. Russia, which controls nearly 44% of global uranium enrichment capacity, has long been a dominant supplier of nuclear fuel to U.S. utilities. […]
Canadian News Giants Sues OpenAI For Exploiting Journalism for Profit
A coalition of Canadian news organizations—including The Canadian Press, Torstar, The Globe and Mail, Postmedia, and CBC/Radio-Canada—have filed a lawsuit against OpenAI, the developer of ChatGPT, in the Ontario Superior Court of Justice. The plaintiffs allege that OpenAI has infringed upon their copyrights by scraping extensive content from their publications without authorization to train its […]
Canadian Premiers Press Trudeau for Stronger Border Security
Canadian provincial leaders urged Prime Minister Justin Trudeau on Wednesday to strengthen border security and defense spending to assuage US concerns, with Ontario Premier Doug Ford criticizing the federal government as “slow to react” and “stuck on its back foot.” The meeting, called by Trudeau to unify premiers under a “Team Canada” banner to oppose […]
Serbia Ends 35-Year Nuclear Power Ban for Energy Transition
Serbia’s parliament has voted to end its long-standing moratorium on nuclear power development. The decision, announced by Energy Minister Dubravka Djedovic Handanovic, overturns restrictions that had been in place since the aftermath of the 1986 Chernobyl disaster. The ban was originally implemented by former Yugoslavia, which had suspended its nuclear program and shut down its […]
Global Trade on Edge as Trump Targets BRICS With Tariff Threats
In a move reminiscent of his first term, U.S. President-elect Donald Trump has issued a sweeping threat of 100% tariffs on the BRICS nations—Brazil, Russia, India, China, and South Africa—if they advance efforts to establish a new currency to rival the U.S. dollar. Trump’s ultimatum, delivered via his social media platform Truth Social, has ignited […]