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Canada At A Crossroads: Leadership Transition As Trudeau To Resign 01/07/2025

UK Government Cracks Down On Deepfake Technology With New Criminal Offenses To Protect Women And Girls 01/07/2025

U.S. Federal Reserve Shifts Focus To Stabilization Amid Economic Uncertainty 01/08/2025

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Business & Finance

Cameco and Brookfield Renewable buy U.S. Westinghouse for $7.9B

Westinghouse Electric, one of the biggest nuclear power businesses in the world and the United States, will be acquired by a group of Canadian firms Cameco and Brookfield Renewable, according to a deal announced yesterday night. The deal has a $7.875 billion value. Brookfield Renewable will receive...

Mizuho Financial Group to pay $552 for Rakuten Securities

Mizuho Financial Group, one of Japan's top banks, announced acquisition of 19.99% of Rakuten Securities online broker for 80 billion yen ($552 million). The transaction should be finished in November. Rakuten Securities' customers and technologies will be available to Mizuho. Rakuten Holdings,...

LG Electronics estimates revenue growth of 14 percent in Q3

According to a recently revealed preliminary estimate from LG Electronics in South Korea, third-quarter 2022 revenue could increase 14% year over year to 21.2 trillion won ($15.1 billion). The estimate shows that operating profit grew by 25% year over year to 746.6 billion won ($532 million) in the...

OPEC+ Agrees To Deep Cuts In Oil Production; Biden Calls It Shortsighted

The oil cartel OPEC+ has agreed to steep cuts in oil production, reducing supply in an already tight market and causing one of the organization's biggest clashes with the West, with the US administration calling the surprise decision shortsighted. Saudi Arabia, OPEC's de facto leader, said...

Gas Crisis Is Expected To Worsen As Europe Depletes Its Winter Reserves

Europe may face an even worse energy crisis next year after draining its natural gas tanks to get through this winter's cold, according to the head of the International Energy Agency on Wednesday, as the EU seeks ways to alleviate the crisis. After Russia cut gas supplies in response to...

Netflix to open first game studio in Helsinki

Netflix will launch its first in-house game studio to create "original games without adverts or in-app purchases." The first in-house game studio for Netflix has begun development; up until now, the streaming service had exclusively purchased successful products from developers. Helsinki, Finland...

Bitcoin Miners Become Trapped In A Bear Pit In The Cryptoverse

The struggling bitcoin miner is currently the focus of sympathy. Late in 2021, miners were the talk of the town because they had a surefire way to make money: connect powerful computers to inexpensive power, solve bafflingly challenging math problems, and then sell the newly created coins...

Traditional Banking Mergers Are Currently Unlikely, , According To The BBVA Chairman

The lack of advancement in the banking union makes a conventional banking merger in Europe unlikely at the moment, according to Carlos Torres, chairman of BBVA. "It is difficult to see cross-border mergers because of the lack of functioning of the banking union, which is half done," Torres...

Steel Producers Worry That The Energy Crisis Will Get Worse As Production Is Halted

Steel producers are being forced to reduce production across Europe due to rising energy costs, which is endangering widespread plant closures that some experts fear may be permanent in a sector that employs over 300,000 people and generates tens of billions of euros for the local economy. ...

Volkswagen may pull production out of Germany and Eastern Europe

If the region's gas supply issues continue, the German automaker Volkswagen may stop producing in Germany and Eastern Europe. According to Bloomberg, who quoted the purchasing director at VW, in the event that the gas scarcity lasts considerably longer than the present winter, the production stops...