- Oops!Something went wrong.Please try again later.
The video game company is expecting revenue and profits to inflect higher within the next two to three years.
The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a potent hacking threat and leading to one of the largest cryptocurrency heists on record in March, in which almost $615 million was stolen, according to the U.S. Treasury. The sudden plunge in crypto values, which started in May amid a broader economic slowdown, complicates Pyongyang's ability to cash in on that and other heists, and may affect how it plans to fund its weapons programmes, two South Korean government sources said.
The Yumy Candy Company Inc., (CSE: TYUM) ("Yumy" or the "Company") Canada's first publicly traded low sugar, plant-based confectionery company, is pleased to announce that is has secured a permanent listing with London Drugs, one of Canada's leading retail pharmacy chains with 78 stores across Canada. In addition to pharmacy services, London Drugs locations also focus on the sales of non-perishable food items and a limited selection of grocery items. London Drugs Limited is owned by Georgia Main
COLOMBO, Sri Lanka (AP) — Sri Lanka is sending two government ministers to Russia to negotiate for fuel — one of the necessities nearly exhausted as a result of the Indian Ocean nation's economic collapse. The plan comes as Washington and its allies aim to cut off energy imports from Russia in line with sanctions over its war against Ukraine. Since its invasion in late February, global oil prices have skyrocketed, prompting a number of countries to seek out Russian crude, which is being offered
HONG KONG (Reuters) -In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status as a financial hub, and some of the city's top executives are banking on a bright future as the territory remains a crucial springboard for investment into mainland China. Charles Li, former chief executive of bourse operator Hong Kong Exchanges and Clearing (HKEX) and founder of microfinance platform Micro Connect, said that although he believes the next 25 years will be "very different", he's optimistic.
WASHINGTON (Reuters) -Big Four accounting firm Ernst & Young will pay $100 million to settle U.S. Securities and Exchange Commission (SEC) charges that its auditors cheated on certified public accounting (CPA) exams and that it misled the agency's investigators. The London-based auditor admitted to the charges and agreed to pay what the SEC said is its largest fine against an auditor. "EY acknowledges the findings determined by the SEC," said Brendan Mullin, EY media relations director, adding that the firm's response has been "thorough, extensive and effective."
Canada's oil-producing province of Alberta ended the 2021-22 fiscal year with a surprise surplus of C$3.9 billion ($3 billion), its first in seven years, helped by the economy reopening after the pandemic and a surge in energy prices, the government said on Tuesday. The province had initially projected a deficit of C$18.2 billion for the 2021/22 fiscal year, before significantly revising down the deficit forecast to C$3.2 billion in a scheduled third-quarter update on Feb. 24, the day Russia launched an invasion of Ukraine. Alberta had based its budget last year on an average WTI price of $46 per barrel, but oil prices shot up with a post-pandemic surge in demand and rose further due to supply constraints after the Russian invasion.
WASHINGTON (AP) — Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union's second largest export industry after energy — gold. On Tuesday, the Group of Seven nations agreed on a ban on Russian gold imports in the latest round of sanctions over Russian President Vladimir Putin’s invasion of Ukraine. The U.S. says Russia has used gold to support its currency as a way to circu
Empty shelves and prices discounted by as much as 70% greeted shoppers who visited Decathlon stores in Russia over the weekend before the French sports equipment retailer closed its stores on Monday, hampered by supply constraints. Scores of Western brands have left Russia following a backlash against its military incursion into Ukraine, with McDonald's, IKEA and Renault among the more high-profile. One shopper, Lyubov, said Decathlon's departure was "sad", but was adamant that Russian consumers would cope.
Blackline Safety Corp. (TSX:BLN) stock has struggled in the year-over-year period, but there are some positives to glean from its earnings. The post Is Blackline (TSX:BLN) Stock Worth Your Attention in 2022? appeared first on The Motley Fool Canada.
Lockheed Martin Corp won a $2.3 billion contract to build at least 120 H-60M Black Hawks as the U.S. military continues its search for a next-generation helicopter, the Pentagon said on Monday. The five-year contract includes options for an additional 135 aircraft which will be available to the Army as well as other U.S. agencies and allies, pushing the potential total contract value to $4.4 billion with options, the Army said in a statement. "This multi-year agreement allows the Army to meet current and future capability needs through upgrades, remanufacturing, replacement, and technology insertions," said Colonel Calvin Lane, the Utility Helicopters project manager.
WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear Apple Inc's bid to revive an effort to cancel two Qualcomm Inc smartphone patents despite the global settlement of the underlying dispute between the two tech giants. The justices turned away Apple's appeal of a lower court's ruling that the Cupertino, California-based company lacked standing to pursue the matter because of the settlement. Apple had argued that it should be allowed to appeal because San Diego-based Qualcomm could sue again after the settlement ends.
Oil stocks experienced a rout last week, but the underlying supply-demand imbalance makes them strong buys, nonetheless. The post Oil Stocks in Canada: Are They Still Good Buys? appeared first on The Motley Fool Canada.
CONCORD, N.H. (AP) — Care for a hint of crab in your whiskey? A New Hampshire distillery has come up with its newest concoction called “Crab Trapper" — whiskey flavored with invasive green crabs. Tamworth Distilling, a maker of craft spirits, is not afraid of pushing boundaries with unexpected flavors. In the past, the distillery produced a whiskey with the secretion from beavers' castor sacs. Last year, it was turkey over the holidays and before that the notoriously pungent smell of durian. The
National Bank of Canada (TSX:NA) is a bargain Canadian bank stock that new investors should consider loading up for their long-term TFSA fund. The post New Investors: 1 Cheap Canadian Bank Stock to Start a TFSA Retirement Fund appeared first on The Motley Fool Canada.
PHOENIX (AP) — The skies over a scattering of Western U.S. cities will stay dark for the third consecutive Fourth of July as some major fireworks displays are canceled again this year — some over wildfire concerns amid dry weather and others because of enduring pandemic-related staffing and supply chain issues. Phoenix canceled its three major Independence Day displays because it couldn't obtain professional-grade fireworks. Shows in several other cities around Phoenix are still on. “Unless you’
Baxter International Inc. (NYSE: BAX), a global medtech leader, today released its 2021 Corporate Responsibility Report, demonstrating how the company is progressing toward its 2030 Corporate Responsibility Commitment and Goals. The report highlights the continued progress Baxter has made to advance environmental, social and governance (ESG) performance across its operations and philanthropic programs.
Spirit Airlines on Tuesday again cited antitrust concerns to reject JetBlue's sweetened offer and asked its shareholders to vote for a merger with Frontier at Thursday's meeting. The influential proxy advisory firm in a report dated Monday said, with the shareholder meet to approve the deal set as early as Thursday, it was hesitant to change its earlier stand recommending them to vote for Frontier's offer.
Volkswagen sees a strong second half of 2022 and expects progress in catching up with rival Tesla as easing chip shortages start to offset supply chain bottlenecks and rising costs, the carmaker's CEO said on Tuesday. "We are earning more than ever," Chief Executive Herbert Diess said at a works meeting, adding Volkswagen is ramping up electric vehicle volumes in its biggest markets in Germany and China thanks to easing semiconductor shortages.
Frost & Sullivan recognizes the United States, Norway, and the United Kingdom for moving in the right direction and demonstrating the highest future growth potential globally. Based on macroeconomic growth indicators and citizen-centricity, the United States, Norway, and the United Kingdom have been ranked the top three countries, according to the 2022 edition of Frost & Sullivan's Frost Radar™ for Economic Development.
NEW YORK — Stocks closed broadly lower on Wall Street Tuesday, after a discouraging snapshot of U.S. consumer confidence stoked investors' worries about the risk that sharply higher interest rates and pervasive inflation could trigger a recession. The S&P 500 ended 2% lower, reversing a 1.2% gain from earlier in the day. The Dow Jones Industrial Average fell 1.6% and the Nasdaq composite ended 3% lower. Roughly 85% of the stocks in the benchmark S&P 500 closed in the red. Technology, communicati