BHP Group’s Annual Profit Plummets 39% On One-Off Charges, Cuts Dividend
BHP Group (NYSE: BHP), the world’s largest mining company, reported a 39% decrease in its annual profit for the fiscal year ending June 30, 2024. The Australia-based company saw its net profit drop to $7.90 billion, down from $12.92 billion the previous year, a stark reflection of the various challenges that beset the mining giant […]
Silver Tiger Metals Intersects 0.55 g/t Gold Over 126.6 Metres At El Tigre
Silver Tiger Metals (TSXV: SLVR) has completed a pre-feasibility drill program at its flagship El Tigre project in the Sonora state of Mexico, with the last of the results from the program released this morning. The results are said to continue to demonstrate the near surface, consist mineralization that exists at the project. Highlights from […]
Benton Resources Hits 1.23% Copper Over 22.8 Metres At Great Burnt
Benton Resources (TSXV: BEX) has released the drill results for its phase three drill program at the Great Burnt project in Newfoundland. A total of eight holes were conducted under the program, focusing on the southern portion of the property. Highlights from the results include: “The recent set of Phase 3 results received at Great […]
US Urges Canada to Increase NATO Military Spending ‘As Rapidly As Humanly Possible’
Jake Sullivan, US President Joe Biden’s national security adviser, has called on Canada and other NATO countries to reach the alliance’s military spending target of 2% of GDP “as rapidly as humanly possible.” Speaking on the sidelines of the Liberal cabinet retreat in Halifax, Sullivan addressed Canada’s recent commitment to meet this threshold by 2032. […]
Government Eyes Changes to Foreign Worker Program as Unemployment Soars
The Canadian government is under increasing pressure to address the surging number of Temporary Foreign Workers entering the country, a trend that some experts argue is exacerbating unemployment rates among Canadian youth and immigrants. The federal government’s response, articulated by Housing Minister Sean Fraser, suggests imminent changes to the program—a move seen as necessary given […]
DOJ Sues Georgia Tech Over Alleged Cybersecurity Violations in Defense Contracts
The US Department of Justice has filed a lawsuit against the Georgia Institute of Technology and its contracting entity, Georgia Tech Research Corporation (GTRC), for allegedly failing to meet cybersecurity requirements set by the Department of Defense for contract awardees. The legal action, initiated under the False Claims Act, marks the first case of its […]
German Discount Grocer Becomes An Accidental Regional Tech Giant
Dieter Schwarz, the 84-year-old founder of discount retailer Lidl, has unexpectedly ventured into the data services market. This move, as reported by the Financial Times, was not part of a grand business strategy but rather a solution to an internal challenge. The journey began when Schwarz Group, which owns Lidl and Kaufland supermarkets, sought a […]
Russian Outrage Over Telegram Founder Pavel Durov’s Arrest
The arrest of Pavel Durov, the founder and CEO of the popular messaging app Telegram, in France on Saturday evening has sent shockwaves through Russia, triggering a crisis within both the Kremlin and the broader Russian public. The billionaire tech entrepreneur, who has long been seen as an elusive figure straddling the line between resistance […]
DOJ Sues Software Company RealPage Over Alleged Rent-Fixing Scheme
The US Department of Justice and attorney generals from eight states have filed an antitrust lawsuit against RealPage, a Texas-based property management software provider. The lawsuit, filed on Friday in the Middle District of North Carolina, accuses RealPage of enabling widespread collusion among landlords to artificially inflate rent prices for millions of Americans. The core allegation […]
Italian Prosecutor Launches Manslaughter Investigation into Yacht Tragedy
An Italian prosecutor has initiated a manslaughter investigation following the tragic sinking of a luxury yacht off the coast of Sicily, which claimed the lives of British tech magnate Mike Lynch, his 18-year-old daughter, and five others. Ambrogio Cartosio, head of the public prosecutor’s office in Termini Imerese, announced that while the yacht encountered a […]