Angola Leaves OPEC: “We Feel That We Currently Gain Nothing”
Angola has officially announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC). The move comes after a prolonged disagreement with the organization over production quotas, marking a departure that will reduce OPEC’s membership to 12 countries. Diamantino Azevedo, Angola’s Minister for Mineral Resources, Petroleum, and Gas, emphasized that the decision was […]
China Restricts Rare-Earth Technology Exports
China has announced a ban on the export of technology crucial for the production of rare-earth magnets. This decision, coupled with additional restrictions on various industrial metals, appears to be a response to efforts by the U.S. and Japan to decrease their dependence on Chinese suppliers. The updated list of technologies subject to export controls […]
Neotech Metals Faces Prolonged Trading Suspension For “Unexplained And Unusual Fluctuations”
The Canadian Securities Exchange (CSE) has taken the decision to suspend trading in Neotech Metals Corp. (CSE: NTMC) until January 8, 2024, citing “unexplained and unusual fluctuations” in the company’s stock. The British Columbia Securities Commission (BCSC) issued the trading halt order, pointing to concerning trading patterns and potentially misleading statements made by Neotech. Neotech […]
Royal Bank Receives Federal Approval For $13.5 Billion Purchase Of HSBC Canada
Canadians are about to get slightly fewer banking options, with Canada’s federal finance minister, Chrystia Freeland, approving of Royal Bank of Canada’s (TSX: RY) acquisition of HSBC Bank Canada. Freeland and Canada’s government argued that the approval protects 4,000 jobs in Canada following HSBC’s decision to exit the Canadian market last year as part of […]
Gold Hunter Sells Newfoundland Assets For $15 Million In Shares
Gold Hunter Resources (CSE: HUNT) has sold off all of its assets in Newfound and Labrador. The transaction, announced last night after the closing bell, will see Firefly Metals acquire both the Ramble and Tilt Cove properties from Gold Hunter. Under the terms of the agreement, Firefly is to issue 30.3 million shares to Gold […]
It Was All But A Dream: Hyperloop One to Shut Down by Year-End
Hyperloop One, the ambitious transportation startup once hailed for its vision of high-speed travel through futuristic tubes, is set to cease operations by the year-end, according to Bloomberg News (and that headline was cold: “Hyperloop One to Shut Down After Failing to Reinvent Transit”). The company, founded in 2014, had raised approximately $450 million in […]
Operation Prosperity Guardian Isn’t Reassuring Major Merchants, Over 100 Container Ships Have Diverted Away from the Red Sea
In recent weeks, US warships stationed in the Red Sea have encountered an escalation in attacks from Houthi forces in Yemen. On Saturday, a US destroyer successfully intercepted and downed over a dozen drones in a heightened confrontation. The Houthi forces, reportedly backed by Iran, have intensified assaults on US interests and Israeli targets since […]
Houthi Rebels Taunt US With Top Gun-Themed Video
The leader of Yemen’s Houthi rebels issued a stark warning on Wednesday, threatening to strike US warships if the Iranian-backed militia becomes a target of the United States. This comes as a response to the formation of a 10-nation coalition by the US to counter Houthi attacks on commercial vessels in the Red Sea. “Whoever […]
Bird And The B(ankruptcy): E-Scooter Maker Goes Bankrupt
Global e-scooter company Bird Global (NYSE: BRDS) has officially filed for Chapter 11 bankruptcy for its US operations, marking a pivotal moment for the once high-flying micromobility pioneer. The company, founded in 2017 by former Lyft and Uber executive Travis VanderZanden, has emphasized its commitment to restructuring for long-term growth while maintaining services in Canada […]
Canadian Government Spends Close to A Million to Cull 84 Deer
Today in This Is Why People Want To Kick Out Justin Trudeau And His Liberals, Parks Canada spent a whopping $834,000 to hire contractors from abroad to use a helicopter to cull a total of 84 deer on Sidney Island. The culling, which targets the invasive European fallow deer with an estimated population of a […]