China’s Shenzhen lays down marker for tech investment with US$22 billion pledge.
China’s southern tech hub of Shenzhen plans to “fully compete” in emerging sectors such as artificial intelligence, announcing 160 billion yuan (US$22.07 […]
Elon Musk begins testing his Starlink terminals in the U.S. airspace system.
Elon Musk’s SpaceX is seeking to deploy Starlink satellite internet terminals to help accelerate an upgrade of the information technology networks that […]
Citigroup’s DEI cuts under Trump is raising alarms for banks and Wall Street.
DEI is part of our DNA,” Citigroup Inc.’s head of talent said in an interview just two months ago, calling it not only a […]
Gold holds near record as ETFs lure funds and US dollar weakens.
Gold (GC=F) traded just shy of last week’s record as the US dollar eased, and investors weighed a surge in holdings of […]
Retail sales up 2.5% in December.
Canadian retail sales surged higher at the end of last year to post their largest monthly increase since May 2022, but Statistics […]
ATB Financial posts net income of $88.7 million in Q3
ATB Financial recorded net income of $88.7 million in its third quarter ending Dec. 31, 2024, down more than 15% from the […]
$2-billion Song Hau 1 thermal power plant inaugurated.
On July 16, PetroVietnam organised the inauguration ceremony of the Song Hau 1 thermal power plant in Chau Thanh district. Construction on […]
poverty rates up to 40%: PBO.
The government’s fiscal watchdog says a guaranteed basic income program at the federal level could cut poverty rates in Canada by up […]
IA Financial Group posts $226M in Q4 net income.
IA Financial Group reported a net income attributed to common shareholders of $226 million for the last quarter of 2024, down 12% […]
China’s DeepSeek-led AI revolution could boost financial sector profit by up to 13%: UBS.
The recent breakthroughs in China’s artificial intelligence (AI) technology, as exemplified by DeepSeek, will bolster profits of the AI-intensive financial sector as […]
China’s Growing Influence in the U.S. Biopharma Industry.
A little-known biotech company stunned the industry last spring when Summit Therapeutics announced its experimental cancer drug showed greater effectiveness than Merck’s […]
BHP’s Profit Slump Prompts Dividend Cut as China Falters.
BHP Group Ltd. said first-half profit slumped 23% as China’s faltering economy dampened demand for iron ore, prompting the miner to trim […]