Tuesday, March 19
Equifax® Canada: Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses
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Equifax® Canada: Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail LinksGlobeNewswireAuthor of the article:Published Mar 19, 2024  •  3 minute read Article content– Businesses Feel the Squeeze with Loan Repayments, Insolvencies and Delinquencies –Equifax Canada Market Pulse — Q4 2023 Quarterly Business Credit Trends ReportArticle contentTORONTO, March 19, 2024 (GLOBE NEWSWIRE) — Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4 per cent surge in business insolvencies in 2023 when compared to 2022. The latest data from Equifax® Canada’s Market Pulse Quarterly Business Credit Tr...
ANZ deploys CobaltFX’s Dynamic Credit platform
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ANZ deploys CobaltFX’s Dynamic Credit platform

Australia and New Zealand Banking Group (ANZ) has announced its integration with CobaltFX’s Dynamic Credit platform, marking a significant advancement in managing credit exposure for foreign exchange (FX) trades across interbank trading venues. By adopting CobaltFX’s platform, ANZ aims to streamline the management of credit exposure through a unified global limit set, enabling dynamic distribution of credit availability across multiple trading venues. Reduce credit usage CobaltFX, a part of United Fintech, is recognized for its comprehensive solutions in pre and post-trade infrastructure. Its platform empowers financial institutions worldwide to access deeper liquidity pools, utilize less credit, and mitigate operational risk effectively. CobaltFX is committed to ongoing enh...
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AstraZeneca to Buy Fusion Pharma for Up to $2.4 Billion

Article content(Bloomberg) — AstraZeneca Plc agreed to buy Fusion Pharmaceuticals Inc. for as much as $2.4 billion as it seeks to transform cancer treatment by replacing traditional methods like chemotherapy with more targeted approaches. The UK drug company said it will pay $21 a share for Fusion, or $2 billion in cash upfront, plus a further $400 million dependent on milestones being achieved. The full amount equates to a premium of 126% to Fusion’s closing price on Monday. Article contentShares of Astra were little changed in early London trading on Tuesday. They are down around 5% over the last 12 months.Fusion is a clinical-stage biotech company developing next-generation radioconjugates — medicines that help deliver radioactive isotopes directly to cancer cells in a targeted way, ...
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Top Treasury Official Stresses US Ambitions for Africa’s Metals

Article content(Bloomberg) — US Deputy Treasury Secretary Wally Adeyemo used a five-day trip to South Africa to advertise his country’s ambitions of securing supplies of the metals needed for the global energy transition — materials that abound in Africa. Adeyemo, in a speech to US businesses active in the country, stressed that South Africa needs to put in place the right incentives to boost the mining industry. He also visited a mine owned by Sibanye Stillwater Ltd., the South African precious and battery-metals miner that’s invested in a palladium operation in the US state of Montana.Article contentIn a later interview with Bloomberg, he took a veiled swipe at the approach by US geopolitical rival China, which has tied up much of Africa’s production of the metals needed for batteries...
Mueren seis personas al saltarse un camión un control de la Guardia Civil en la AP-4 en Sevilla
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Mueren seis personas al saltarse un camión un control de la Guardia Civil en la AP-4 en Sevilla

Un total de seis personas han perdido la vida tras saltarse un camión un control de la Guardia Civil en la autovía AP-4 a la altura de la localidad sevillana de Los Palacios y Villafranca. Los hechos han ocurrido hacia las 4.40 de la pasada madrugada en el kilómetro 24 de la vía, en un suceso en el que las primeras investigaciones apuntan a que ha sido accidental. ...
AMWC 2024: Galderma to Share New Data From Its Leading Injectable Aesthetic Portfolio
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AMWC 2024: Galderma to Share New Data From Its Leading Injectable Aesthetic Portfolio

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Breadcrumb Trail LinksPMN Press ReleasesBusiness Wire News ReleasesAuthor of the article:Published Mar 19, 2024  •  9 minute read Article contentGalderma’s diverse portfolio and educational efforts will be highlighted in 16 posters, and two sponsored symposia, exploring insights from the ground-breaking ‘NEXT by Galderma’ future aesthetic trends report and the use of Sculptra® for the body, as we celebrate its 25th anniversaryGalderma will present pivotal clinical data on Restylane® SHAYPE™, the latest innovation complementing the Restylane portfolio, po...
Africa’s Biggest Economies Set to Hold Interest Rates as Inflation Risks Linger
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Africa’s Biggest Economies Set to Hold Interest Rates as Inflation Risks Linger

Breadcrumb Trail LinksPMN BusinessCentral banks in Africa’s biggest economies are set to diverge from their emerging-market peers in Latin America and Europe over the next two weeks, as they maintain tight monetary policies to contend with persistent inflation.Author of the article:Bloomberg NewsMonique VanekPublished Mar 19, 2024  •  4 minute read ebutviaomtmt79]k5s86fodz_media_dl_1.png Source: BloombergArticle content(Bloomberg) — Central banks in Africa’s biggest economies are set to diverge from their emerging-market peers in Latin America and Europe over the next two weeks, as they maintain tight monetary policies to contend with persistent inflation.Egypt, South Africa, Morocco, Kenya and Ghana are poised to keep their key interest rates at current levels while they assess risks...
🎙 PODCAST | Las amenazas de Miguel Ángel Rodríguez
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🎙 PODCAST | Las amenazas de Miguel Ángel Rodríguez

La noche del pasado martes 12 de marzo, la periodista Esther Palomera –adjunta al director de elDiario.es– recibió en su WhatsApp un mensaje del jefe de Gabinete de Isabel Díaz Ayuso, Miguel Ángel Rodríguez. Fue el inicio de una conversación en la que el 'número dos' de Ayuso lanzó amenazas direct...
Madrid: una emergencia habitacional
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Madrid: una emergencia habitacional

Si atendemos a los datos que conocemos, la vivienda es el principal factor de exclusión y segregación social en la ciudad de Madrid y la dificultad de acceso a la misma, uno de los mayores obstáculos a la hora de definir un proyecto de vida. La vivienda, la educación y la sanidad, son los tres pilares más importantes del estado del bienestar, y las bases materiales de la calidad de vida; y la vivienda es, en singular, la pieza clave de mediación entre el desarrollo económico ...
Only 10 Countries Had Healthy Air Quality in 2023, Report Finds
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Only 10 Countries Had Healthy Air Quality in 2023, Report Finds

Breadcrumb Trail LinksPMN BusinessBangladesh, Pakistan and India had the world’s worst fine-particle air pollution last year, according to a report by IQAir, while the levels in most nations exceeded health guidelines.Author of the article:Bloomberg NewsKendra Pierre-LouisPublished Mar 19, 2024  •  5 minute read A commuter walks along an overpass in Jakarta, Indonesia, during a weeks-long spike in local air pollution, Aug. 22, 2023. Photographer: Muhammad Fadli/Bloomberg Photo by Muhammad Fadli /BloombergArticle content(Bloomberg) — The average person can go up to two months without food, three days without water, but only a few minutes without air. Breathable air is essential to life. Yet a new analysis found that last year, only 10 countries and 9% of global cities had air quality t...
4 things to know from Elon Musk’s interview with Don Lemon
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4 things to know from Elon Musk’s interview with Don Lemon

Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated PressDavid HamiltonPublished Mar 19, 2024  •  3 minute read Article contentSAN FRANCISCO (AP) — Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk’s X social network Monday. The interview was supposed to kick off Lemon’s new talk show on X, formerly known as Twitter, at least until Musk canceled the show shortly after the interview was recorded.Over the course of slightly more than an hour, the two men jousted over subjects ranging from the political consequences of immigration and the benefits and harms of content moderation to Musk’s symptoms of depression and his use of ketamine to alleviate them.Advertisement 2This advertisement has not loaded yet, but your a...
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Oil Holds Gain With Russian Refining and OPEC+ Curbs to the Fore

Article content(Bloomberg) — Oil held a gain with the impact of Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus.Brent crude traded near $87 a barrel after posting the highest close since late October on Monday. West Texas Intermediate was below $83. About 600,000 barrels of Russia’s daily refining capacity has been knocked out by the strikes, according to Gunvor Group Ltd., while JP Morgan Chase and Co. put the figure at about 900,000 barrels.Article contentCrude is on course for a third monthly climb after breaking free from a narrow range it had been trading in for much of the year. OPEC+ supply curbs have helped to bolster prices, and Iraq said this week it would cut oil exports in the coming months to compensate for not having delivered in full on its ea...
Toshiba Adds New Position Estimation Control Technology to Its Motor Control Software Development Kit to Simplify Field Oriented Control of Motors
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Toshiba Adds New Position Estimation Control Technology to Its Motor Control Software Development Kit to Simplify Field Oriented Control of Motors

Article content– Now offering “MCU Motor Studio Ver.3.0” and new “Motor Parameter Tuning Tool”-KAWASAKI, Japan — Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has refined motor control capabilities with the launch of two innovative tools. A new position estimation control technology for field-oriented control (FOC) has been added to the latest version of its motor control software development kit, “MCU Motor Studio Ver.3.0,” while “Motor Tuning Studio Ver.1.0” automatically calculates motor parameters. Both are available from today.Article contentFOC is a highly efficient motor control method, but difficult to realize because of the complexities of using proportional-integral (PI) control gain for tuning the motor driver. PI control is usually applied to position cont...
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From Backtesting to Arbitrage: Practical Applications of AI in the World of Retail Trading

Shawn Carpenter, the Chairman and CEO of StockAlarm, analogizes AI in trading to self-driving technology. Josh Kincaid, CMO at ToroAlerts, critically examines AI’s evolving role. Anthony Cammarano, a seasoned expert in cybersecurity, discusses AI’s implications for data security within trading strategies. Bernard Marr, a generative AI expert, delves into AI’s revolutionary impact on the trading industry. Giuseppe Sette, President of Toggle AI, discusses AI’s unmatched data analysis capabilities. Sean Kozak, developer of NeuroStreet, highlights practical AI applications in algorithmic trading, and Brian Prince, CEO of TopAITools.com, offers a nuanced perspective on AI in the crypto trading realm. AI trading, the integration of artificial intelligence into the trad...
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Australian Power Bills Set to Fall, Easing Strains on Households

Article content(Bloomberg) — Energy bills for Australian households and small businesses may fall from July, in a fillip for the government that has been trying to relieve cost-of-living pressures driven by elevated inflation and high interest rates. The maximum price electricity providers can charge residential customers will decline as much as 7.1%, the Australian Energy Regulator said in a draft determination Tuesday. The changes are subject to consultation and stakeholder feedback, with a final decision due in May.Article contentEnergy bills soared in Australia after international prices for coal — which still provides most of the nation’s electricity — surged in the wake of Russia’s invasion of Ukraine in 2022. The government has since capped domestic gas and coal prices, pledged b...
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UK Wind Farms Need Pylons in Untouched Land to Upgrade Grid

Article content(Bloomberg) — The UK will need to build a backbone of pylons after 2030 running down from northeast Scotland through to northwest England to transport electricity from new offshore wind farms.The spine would run from Merseyside to Peterhead and cost £58 billion ($73.9 billion) to build, according to a report by the Electricity System Operator, the body responsible for planning the nation’s power grid. The high-voltage transmission lines would connect up 21 gigawatts of offshore wind in development off the coast of Scotland. Article contentAchieving net zero isn’t going to happen just by building renewable generation where no one can see it. It will require re-wiring the entire country. Demand is set to rise 64% by 2035 as transport, heating and industry electrify, accordi...
EV Technology Group: Notice of Potential Default
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EV Technology Group: Notice of Potential Default

Article contentTORONTO — EV Technology Group Ltd. (“EVTG” or the “Company”) (NEO: EVTG; OTC: EVTGF) announces today that it anticipates that it may be delayed in filing its audited annual financial statements (the “Statements”) for its financial year ended December 31, 2023 and the related Management’s Discussion and Analysis and Certifications by the Chief Executive Officer and Chief Financial Officer (collectively the “Required Filings”). Under National Instrument 51-102 of the Canadian Securities Administrators, the Required Filings are required to be made not later than April 1, 2024 (the “Deadline”). While every effort is being made to make the Required Filings as soon as possible, the Issuer is concerned that the Required Filings may not be made by the Deadline.Article contentOut ...
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BlackRock-Backed Commodities Exchange Startup Abaxx Raises Cash

Article content(Bloomberg) — Abaxx Technologies Inc., a financial technology startup founded by a former Goldman Sachs Group Inc. commodity strategist, is raising fresh equity as it prepares to launch trading in commodities futures.The Canadian company, which says it’s on the cusp of opening a new exchange and clearinghouse based in Singapore, will use the money to fund operations and growth. The firm expects to handle its first trades in the next few weeks, Chief Executive Officer Josh Crumb said. Article contentAbaxx has previously received financial backing from BlackRock Inc. and CBOE Global Markets Inc., among others, to fund the development of its technology and futures contracts for liquefied natural gas and nickel sulphate. The company is also planning to introduce contracts to ...
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FTX claim value soars to 92%, creditor sued for reneging on $58M deal

The lawsuit stems from Lemma’s alleged retraction of an agreement to sell two FTX accounts, valued at $166 million at the time of FTX’s collapse, to Attestor. The agreement was formed in June 2023 after Attestor placed the highest bid in an auction organized by Lemma Technologies in May 2023. Lemma Technologies, which acquired the accounts from its majority owner, South Korean national Junho Bang, in January 2023, agreed to sell the claims to Attestor for about $58 million. At the time, this sum represented nearly 35% of the accounts’ initial value. However, Attestor alleges that Lemma began to express concerns over its authority to sell the claims and the potential liability Bang could face from his business associates if the transfer proceeded. As delays ensued, Lemm...
United Steelworkers Union Applauds New Anti-Scab Legislation in Manitoba: A New Milestone for Workers’ Rights
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United Steelworkers Union Applauds New Anti-Scab Legislation in Manitoba: A New Milestone for Workers’ Rights

Article contentWINNIPEG, Manitoba — The United Steelworkers union (USW) celebrates today’s introduction of anti-scab legislation and commends the Manitoba government for this step in strengthening workers’ rights in the province.“The introduction of anti-scab legislation in Manitoba marks a monumental victory for workers’ rights,” said USW Western Canada Director Scott Lunny. “Today’s announcement reflects the Manitoba NDP government’s commitment to promoting fairer labour laws, workers’ rights and dignity.”Article contentAnti-scab legislation already exists in Quebec and British Columbia and was recently introduced at the federal level, which will begin its study in committee later this week. It has been clearly demonstrated that such legislation reduces the intensity and duration of l...
La empresa con la que la pareja de Ayuso facturó 3,7 millones: cero empleados, un ordenador, una impresora y un Porsche Panamera
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La empresa con la que la pareja de Ayuso facturó 3,7 millones: cero empleados, un ordenador, una impresora y un Porsche Panamera

El informe de la Agencia Tributaria que sustenta la denuncia que la Fiscalía ha presentado contra Alberto González Amador evidencia cómo la pareja de la presidenta madrileña Isabel Díaz Ayuso usó dos sociedades sin trabajadores contratados ni apenas medios materiales para canalizar sus ingresos. La principal, Maxwell Cremona –...
Li-Cycle Provides Business Update, Following Announcement of $75 Million Investment from Glencore
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Li-Cycle Provides Business Update, Following Announcement of $75 Million Investment from Glencore

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Breadcrumb Trail LinksPMN Press ReleasesBusiness Wire News ReleasesAuthor of the article:Published Mar 18, 2024  •  15 minute read Article contentConference Call and Webcast on Tuesday, March 19 at 8:15 a.m. Eastern Time to discuss business update and 2023 financial resultsHighlightsArticle contentAnnounced $75 million strategic investment from Glencore and amended existing convertible note, with expected closing on or about March 25th, 2024;Continuing to work closely with the U.S. Department of Energy (DOE) on the conditional commitment for a loan of up...
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OKX to remove Tether trading pairs ahead of MiCA

This decision precedes the European Union’s (EU) adoption of the Markets in Crypto-Assets (MiCA) regulation, set to fully come into effect on December 30, 2024. MiCA will introduce tighter controls on the usage of certain stablecoins within the region. An OKX spokesperson explained that the delisting aims to facilitate the introduction of euro on-ramps for EEA-based customers. He added that this adjustment impacts only a minor portion of the exchange’s user base. In addition to phasing out USDT pairs, OKX is expanding its offerings in the EEA by introducing various euro fiat onramps and euro pairs to cater to the needs of its regional customers. Although the exchange confirmed that tether became inaccessible to EEA traders starting March 14, OKX’s website still listed ...
TFI International Declares Quarterly Dividend
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TFI International Declares Quarterly Dividend

Article contentMONTREAL, March 18, 2024 (GLOBE NEWSWIRE) — The Board of Directors of TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, declared a quarterly dividend of US $0.40 per outstanding common share of its capital payable on April 15, 2024 to shareholders of record at the close of business on March 28, 2024.ABOUT TFI INTERNATIONALTFI International Inc. is a North American leader in the transportation and logistics industry, operating across the United States and Canada through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financ...
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Changpeng Zhao is back with new project post-Binance era

Zhao, who stepped down from his role at Binance in November 2023 following a plea deal with the U.S. Department of Justice, shared on X that this project would focus on education without introducing new tokens. More details are expected to be announced soon. In his departure from Binance, Zhao agreed to plead guilty to charges related to breaches of the Bank Secrecy Act and will pay a $50 million fine. The act mandates that businesses aid in preventing money laundering and other financial crimes. Earlier in February, a federal court announced a new sentencing date for Changpeng Zhao. Originally scheduled for February 23, his sentencing on charges related to money laundering has now been moved to April 30. Under federal sentencing guidelines, Zhao could face up to 18 months in prison, al...
Bank of Canada on tightrope as analysts expect February inflation jump
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Bank of Canada on tightrope as analysts expect February inflation jump

Breadcrumb Trail LinksNewsEconomyEconomists expect inflation reaccelerated to 3.1% in FebruaryPublished Mar 18, 2024  •  3 minute read Royal Bank of Canada economists say gas prices rose by almost four per cent in February. Photo by Peter J. Thompson/Financial PostArticle contentPeople banking on an interest rate cut may not like the direction Canadian inflation is heading if analyst expectations prove correct.Bloomberg analysts expect inflation to reaccelerate to 3.1 per cent in February when Statistics Canada releases its latest consumer price index (CPI) data on Tuesday, following a slowdown to 2.9 per cent year over year in January.Advertisement 2This advertisement has not loaded yet, but your article continues below.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to re...
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IcomTech owners convicted in crypto Ponzi scheme

Both face up to 20 years in prison for their involvement in what has been described as a “Ponzi” scheme. The verdict was issued on March 14 after a two-week trial in a New York District Court. According to the U.S. Attorney’s Office for the Southern District of New York, IcomTech was marketed as a crypto mining and trading firm following its launch in mid-2018 by founder David Carmona, who had enlisted Rodriguez to create a website for the company. The firm falsely promised investors guaranteed daily returns from its crypto trading and mining operations. Prosecutors revealed that IcomTech did not engage in any trading or mining activities. Instead, it operated as a Ponzi scheme, using new investor funds to pay returns to earlier investors. Rodriguez contributed to the decept...