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  • News
    The Canadian Press

    French minister decries 'duplicity' in US-Australia sub deal

    PARIS (AP) — France's foreign minister on Saturday denounced what he called the “duplicity, disdain and lies” surrounding the sudden rupture of France's lucrative contract to make submarines for Australia in favor of a U.S. deal and declared that a crisis is at hand among the Western allies. A day after France recalled its ambassadors to the United States and Australia, French Foreign Minister Jean-Yves Le Drian pummeled what he suggested was a backroom deal that betrayed France. The recalling o

  • Business

    Evergrande Moment of Truth Arrives With Bond Payment Deadlines

    (Bloomberg) -- China Evergrande Group bondholders are about to find out if the property giant’s liquidity crisis is as dire as it appears.Interest payments on two Evergrande notes come due Thursday, a key test of whether the developer will continue meeting obligations to bondholders even as it falls behind on payments to banks, suppliers and holders of onshore investment products. Investors are pricing in a high likelihood of default, with one of the notes trading at less than 30% of face value.

  • News
    The Canadian Press

    The Latest: Arizona reports more deaths, fewer virus cases

    PHOENIX — Arizona reported more than 100 daily coronavirus deaths for the second time since February. The 108 confirmed deaths and 2,742 new coronavirus cases were reported Saturday. Hospitalizations dropped below 2,000 for the first time in nearly three weeks, with 1,981 COVID-19 patients occupying hospital beds on Friday. That’s down from the current surge’s high of 2,103 on Sept. 11. Meanwhile, Johns Hopkins University data showed drops in the seven-day rolling averages of daily cases and dea

  • Sports
    The Canadian Press

    Classmate in college bribery trial: Recruit's profile bogus

    BOSTON (AP) — One of the students prosecutors say was admitted to the University of Southern California with bogus athletic credentials as part of the college admissions bribery scheme didn’t even make her high school’s varsity basketball team, a former classmate testified at trial. The testimony came Friday as prosecutors wrapped up the first week of their case against former casino executive Gamal Abdelaziz and former Staples and Gap Inc. executive John Wilson, who are accused of paying hefty