New FTC Rule Cracks Down on Fake Social Media Metrics, Influencers To Face Penalties
The Federal Trade Commission (FTC) has taken a major step to enhance consumer protection by finalizing a rule that bans the creation, sale, and use of fake social media metrics and reviews. Announced on August 14, 2024, this regulation is part of the FTC’s broader effort to crack down on deceptive advertising practices that have […]
BHP Escondida Copper Mine Strike Sees Workers Demand Cut Of Dividends
The strike threatens to impact global copper prices and Chile’s GDP if a swift resolution is not reached.
Lettuce Pray: Subway Calls For Urgent Franchisee Meeting Due To Sharp Sales Decline
Sandwich chain Subway is scrambling to address plunging sales and profits across its 19,000 North American locations. In a move that underscores the gravity of the situation, the company has called a meeting with its franchisees to discuss urgent strategies aimed at reversing the downturn. The hastily arranged meeting follows troubling signs of financial distress […]
Emerita Resources Secures US$15 Million Credit Facility To Advance IBW Project
Emerita Resources (TSXV: EMO) has entered into a credit agreement to further advance its Iberian Belt West Project in Spain. The arrangement is said to support the company during a difficult equity market. The credit agreement will see Nebari Natural Resources Credit Fund II provide up to US$15.0 million in funding over three tranches, the […]
DLP Resources Hits 0.32% Copper Equivalent Over 1,080 Metres In Peru
DLP Resources (TSXV: DLP) is reporting a wide intersection of mineralization at its Aurora porphyry copper-molbydenum-silver project in Peru. The intersect is part of a deep drill program being conducted at the property this year. Highlights from the results include: Drilling is said to have ended in molybdenum mineralization, with copper, silver and molybdenum mineralization […]
There Was A Massive SSN Leak, But Reports of ‘Every American’ Affected May Be Massively Overblown
Contrary to some initial reports, this breach does not necessarily affect every American or contain information on 2.7 billion unique individuals.
Victoria Gold Placed Into Receivership, Expected To Be Delisted
It’s all over for Victoria Gold (TSX: VGCX). Following the firms announcement this morning that the Yukon government had filed an application with the Ontario Superior Court of Justice to place the company into receivership, the court has granted the order as requested. PricewaterhouseCoopers has been appointed as the receiver and manager of Victoria Gold […]
UN Report Slams Canada’s Temporary Foreign Worker Program as ‘Breeding Ground for Slavery’
A recent UN report strongly criticized Canada’s Temporary Foreign Worker Program, describing it as “a breeding ground for contemporary forms of slavery.” The report, authored by Tomoya Obokata, the UN Special Rapporteur on contemporary forms of slavery, was presented to the UN Human Rights Council following his visit to Canada in late 2023. Obokata, who […]
Soaring Cybersecurity Valuation: eSentire Weighs Sale at Nearly 7x Annual Revenue — Sources
eSentire, a leading cybersecurity company based in Waterloo, Ontario, is reportedly exploring a potential sale that could value the firm at approximately $1 billion, including debt. This valuation is over seven times the company’s annual recurring revenue, which stands at around $150 million.
Ultra-High Pressure Breakthrough Could Revolutionize Global Oil Production
In a significant technological advance that could reshape the landscape of global oil production, Chevron (NYSE: CVX) has successfully initiated oil extraction from a field with pressures that reach 20,000 pounds per square inch — a level never before managed in the industry. This breakthrough is expected to unlock access to up to 5 billion […]