VinFast Going Not So Fast: Report Shows Delay In North Carolina Factory Construction
Vietnamese automaker VinFast (Nasdaq: VFS) finds itself facing mounting challenges as it struggles to materialize its ambitious plans amid burgeoning investments in the electric vehicle sector. Amidst concerns about its global expansion strategy and internal operations, the company’s much-anticipated North Carolina factory project has hit significant roadblocks, casting doubt on its ability to deliver on […]
Anglo-American Rejects BHP’s $38.9 Billion Takeover Bid
In a bold move set to potentially reshape the global mining landscape, BHP Group (NYSE: BHP), the Australian mining giant, has launched an all-share takeover offer for Anglo American, valuing the latter at £31.1 billion ($38.9 billion). The bid, confirmed by both companies, follows BHP’s proposal to merge with Anglo American, involving a significant premium […]
Canadian Governments To Provide $100 Million To IBM
The Canadian and Quebec governments are injecting close to $100 million into semiconductor manufacturing, doubling down on the vital but capital-intensive industry despite questions over subsidizing private companies. At an announcement in Bromont on Friday, Prime Minister Justin Trudeau revealed $59.9 million in federal funding for IBM Canada’s semiconductor packaging facility and a local research […]
Is The Canada Infrastructure Bank Being Used To Fund Liberal Insiders?
In a recent parliamentary session, concerns were raised by Members of Parliament regarding the allocation of funds by the Canada Infrastructure Bank (CIB). The debate ignited as Calgary Centre MP Greg McLean condemned what he described as a pattern of channeling taxpayer money into the pockets of Liberal insiders through hefty bonuses. “Because the return […]
Storms Disrupt Uranium Mining Operations in Kazakhstan, Impacting Global Supply
Severe storms in southern Kazakhstan have disrupted operations at multiple uranium mines, including the crucial Inkai mine and processing complex, according to a report by Global X ETFs. The disturbances have constrained the delivery of reagents, affecting production at the Inkai facility. Global X ETFs highlighted the challenges faced by uranium miners amidst the disruptions. […]
MedMen Finally Files For Bankruptcy, Claims CFO Left Two Months Ago
MedMen Enterprises (CSE: MMEN) this evening revealed it has finally filed for bankruptcy – two days ago. The company has made a filing under the Bankruptcy and Insolvency Act in Canada, with B. Riley Farber being appointed as the bankruptcy trustee. At the same time the company is claiming that its CFO, Amit Pandey, resigned […]
Biden Proposes Highest Capital Gains Tax Rate Increase In A Century
US President Joe Biden has put forth a bold proposal in the Fiscal Year 2025 Budget of the United States Government, aiming to raise capital gains rates to a staggering 44.6%. If implemented, this would mark the highest formal federal capital gains rate since its inception in 1922. The 44.6% rate is derived from multiple […]
Small Business Minister Admits Capital Gains Increase Could Chase Doctors Out, Encourages Foreign Credentials Instead
In a recent interview on Power & Politics with David Cochrane, Minister of Small Business Rechie Valdez stirred controversy with her remarks regarding the potential impact of capital gains increases on the retention of family doctors in Canada. When questioned about the possible consequences of such increases on the healthcare sector, particularly family doctors, Minister […]
Does the Australian Prime Minister Want to Ban Memes?
Australian Prime Minister Anthony Albanese faced criticism after his recent comments seemed to equate humorous memes mocking him with misinformation that should be removed from the internet. During a press appearance, Albanese stated, “Social media platforms have a responsibility to make sure that misinformation isn’t got out there.” He then referred to instances where “fake […]
TikTok Tries — But Fails — to Rally Users Against App Ban
Beijing-based ByteDance, the owner of popular video-sharing app TikTok, made a last-ditch effort this week to rally opposition against a new US law that will force the company to sell TikTok or face a nationwide ban. However, the attempt appears to have fallen flat. On Wednesday, President Joe Biden signed the bill into law, giving […]