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Anglo American’s $1B De Beers Exit Comes With Only $750M Upfront

Anglo American may receive only $750 million in immediate cash to surrender control of De Beers, while the prospective buyer would inject another $500 million directly into the struggling diamond producer. The transfer of a costly turnaround would have Anglo accept a fraction of De Beers’ former valuation while removing a business that lost more […]

How Cruz’s Billionaire Warning Could Rebound Toward Trump

Sen. Ted Cruz intended to argue that socialism allows political leaders to enrich themselves while the public bears the cost. Instead, the Texas senator produced a definition of corrupt political wealth that could be redirected almost immediately toward the billionaire president leading his own party. The complete exchange of his interview shows he was targeting […]

Former Harper Minister Challenges Chow In Toronto Mayoral Race

Chris Alexander is entering Toronto’s mayoral election without an established municipal voting base, a detailed city platform, or public polling that measures his support. What the former Conservative cabinet minister does bring is a nationally recognized name that could disrupt a race increasingly organized around incumbent Olivia Chow and city councillor Brad Bradford. Alexander announced […]

BMW Asks Employees to Voluntarily Leave As Part Of 8,000-Job Cut Move

BMW will begin offering severance packages to employees willing to leave, creating a formal route toward a reduction reportedly targeting about 8,000 jobs. The program will cover white-collar employees in Germany, including staff working in administration, research, development, planning, and management. Production workers will not be included, according to BMW. BMW confirmed that “several thousand” […]

Congress Can Force Fauci to Talk, But at a Price

Senator Rand Paul can potentially force Anthony Fauci to answer the questions he refused at Wednesday’s Senate hearing, but doing so would require the Kentucky Republican to secure Democratic votes and grant legal protections that could weaken the prosecution leverage he has spent years trying to build. A subpoena brought Fauci into the Senate Homeland Security and Governmental Affairs Committee hearing on July 29. It could not, by itself, force him to surrender his constitutional protection against self-incrimination. “Under the advice of my attorneys, I will invoke my right under the 5th Amendment of the Constitution to refrain from answering your questions,” Fauci said, according to Reuters. Paul released 1,141 pages of Fauci’s […]

Glencore Traders Turn Commodity Turmoil Into $3.3B Haul

Glencore’s trading operation is set to report more adjusted operating profit for the first six months of 2026 than it generated during all of 2025. The firm expects approximately $3.3 billion in first-half marketing adjusted EBIT, according to the company’s July 29 production report. That is about 136% higher than the $1.4 billion reported for the same period in […]

Centerra Raises Öksüt Guidance, Doubles Down on Buybacks After Strong Quarter

Centerra Gold (TSX: CG) delivered a second quarter carried by a stronger gold price and steady output, posting revenue of $442.7 million, up 54% from a year earlier. Net earnings edged up just 5% to $72.1 million, or $0.37 a share, as one-off items weighed on the bottom line. With one-time items removed, adjusted net […]

First Quantum Books Q2 Profit as Copper Climbs and Costs Run Hot

First Quantum Minerals (TSX: FM) returned to profit in the second quarter, though the headline figure owes more to asset sales than to the underlying business. Sales revenue rose to $1.52 billion, up from $1.40 billion in the first quarter and $1.23 billion a year earlier. The company posted net earnings of $136 million, or […]

Zijin’s Allied Gold Buyout Collapses, Replaced by Minority Investment

Allied Gold (TSX: AAUC) has walked away from its planned sale to Zijin Gold International, ending a deal that would have taken the miner private and instead settling for a far smaller cash infusion from the same suitor. The two companies terminated their arrangement agreement on July 29, citing “broader external factors applicable to cross-border […]

Nevada Judge Rules Against Kash Patel in Stewartson Defamation Case

Patel sued Jim Stewartson over posts calling him a “Kremlin asset” tied to January 6.