Toronto Real Estate Developer Faces Allegations of Misappropriating Millions Unlawfully
Trouble seems to be brewing for Markham-based real estate developer Sunrise Homes as allegations of unlawful misappropriation of millions of dollars have come to light, raising concerns about the company’s financial stability. The directors of the company, Muzammil Kodwavi and Sajjad Hussain, have been accused of diverting substantial sums of money from various construction projects […]
Trudeau Government Subsidizes Yet Another EV Project
Northvolt, a Swedish battery manufacturing behemoth, has unveiled plans to construct a groundbreaking multibillion-dollar electric vehicle battery plant to the east of Montreal. Quebec’s leaders are hailing this initiative as the most significant private investment in the province’s history. Prime Minister Justin Trudeau and Quebec Premier François Legault, accompanied by other ministers and Northvolt executives, […]
Aston Bay Reprices Financing 58% Lower After Investors Lose Interest
In a sign of the waning interest in its story, Aston Bay Holdings (TSXV: BAY) has been forced to reprice its ongoing brokered financing dramatically lower. The financing, which was originally announced back on September 5 amid its recent run-up, has been repriced 58% lower following a sharp drop in the share price. The brokered […]
Senator Dianne Feinstein Dies at 90
Dianne Feinstein, a relic of US politics who has served six terms as California senator, has passed away at 90 following a health battle with shingles, as reported by Punchbowl News’ Jake Sherman. The elderly woman was away from the Senate whilst battling a bout of shingles, only to return last May without even being […]
Albemarle Charged By SEC, DOJ For Using Bribes In Vietnam, India, Indonesia
The Securities and Exchange Commission has reached a resolution with Albemarle Corporation (NYSE: ALB). In a landmark settlement, the corporation will pay over $103.6 million to settle charges that Albemarle infringed upon the anti-bribery, recordkeeping, and internal accounting controls stipulations of the Foreign Corrupt Practices Act (FCPA). A detailed investigation by the SEC identified that […]
Lithium Americas Slated To Complete Separation Of Business On October 3
Lithium Americas (TSX: LAC) is anticipating it will complete the separation of its businesses next week. The firm is anticipating October 3 to be the official date of separation, with new symbols to be assigned to the company as of Monday on the NYSE. Regular trading of the separated companies is anticipated to begin on […]
BC Supreme Court Declares Province’s Mining Permit System Unconstitutional, Calls for Indigenous Inclusion
The BC Supreme Court in a pivotal ruling has declared the province’s mining permit system unconstitutional. The current system, which automatically issues mineral claims to applicants from the industry through a government website, was found to infringe upon First Nations rights. “Establishing an online system allowing automatic registration of mineral claims in their territories, without […]
Russia Mulling Extradition of Nazi SS Veteran Honoured by Canadian Parliament
Moscow is contemplating the possibility of seeking the extradition of Yaroslav Hunka, the 98-year-old Ukrainian-Canadian and a former member of the Waffen SS, revealed Oleg Stepanov, Russia’s envoy to Ottawa. “Russia is reviewing the Hunka story. May open a criminal case and subsequent extradition request,” stated Stepanov as cited by Russian news agency TASS. Hunka, […]
Meta Unveils New Quest 3 VR and Ray-Ban Smart Glasses
The world still may not have found much use for or interest in the metaverse, but Mark Zuckerberg isn’t giving up on face-mounted computers just yet — especially not since Apple unveiled the Vision Pro headset earlier this year. The Meta (Nasdaq: META) CEO unveiled updated versions of two pieces of wearable hardware at the […]
Snap Inc. Shuts Down AR Division After Short-lived Run
Snap Inc (NYSE: SNAP) is closing its augmented reality enterprise services (ARES) division, just months after its launch in March. The decision comes as the company, known for its photo messaging app Snapchat, grapples with the economic challenges exacerbated by weak advertising spending from businesses affected by inflation. The shutdown of ARES will result in […]