MEDIA ADVISORY - Minister Wilkinson to Make a Clean Energy Funding Announcement in Calgary

The Canadian Press
These companies have laid off Canadian workers in 2024
Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.
GOBankingRates
4 Ways for Boomers to Make Extra Money Without Finding a New Full-Time Job
About 60% of baby boomers are now retired, according to the Transamerica Center for Retirement Studies -- and many of these boomers are struggling financially. Data from the ALI Retirement Income...
CNN Business
Germany blocks another big business deal with China
Germany has blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, delivering a fresh blow to the already tense relationship with its biggest trading partner.
The Canadian Press
NFL is liable for $4,707,259,944.64 in 'Sunday Ticket' case
LOS ANGELES (AP) — The damages a federal jury has ordered the NFL to pay for violating antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service is $4,707,259,944.64.
Insider Monkey
The Fastest Growing Automotive Brand in the World
In this article, we will take a look at the Fastest Growing Automotive Brand in the World. We have also compiled a full free list of the 15 Fastest Growing Automotive Brands in the World. Global Automotive Market Trends The global automobile manufacturing sector is one of the largest industries worldwide and has been growing […]
The Canadian Press
OMERS selling LifeLabs to Quest Diagnostics in deal valued at $1.35B
TORONTO — Ontario pension fund manager OMERS has signed a deal to sell medical lab company LifeLabs to U.S.-based firm Quest Diagnostics in a deal valued at $1.35 billion including debt. Quest Diagnostics chairman and CEO Jim Davis says the deal is based on the belief that the company can help LifeLabs accelerate growth and improve health care. OMERS purchased LifeLabs in 2007 and helped grow the business. Under the deal, the companies said LifeLabs will retain its brand, Canadian headquarters a
The Canadian Press
Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know
FRANKFURT, Germany (AP) — The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc.
Reuters
Venezuelan opposition gets US court boost in dispute over Citgo-backed bonds
A U.S. appeals court on Wednesday set aside a judge's ruling that bondholders had valid claims against Venezuela's state-run oil company related to its U.S. refiner Citgo, and directed the judge to apply Venezuela law in assessing the claims. The decision by the 2nd U.S. Circuit Court of Appeals in Manhattan could provide a boost to opponents of Venezuelan President Nicolas Maduro, who have since 2019 controlled some of the Petroleos de Venezuela's (PDVSA) overseas assets.
CBC
$39M shared by Alberta communities hit by job losses in transition from coal-fired power plants
Weeks after Alberta's last coal-fired power plant went offline, the federal government has stepped up with more than $39 million in grants to help six communities that lost jobs in the transition to cleaner energy. The funding, announced Wednesday by Dan Vandal, the minister responsible for PrairiesCan, will support 10 projects ranging from training centres, industrial parks and new community amenities. "These investments will help create good-paying jobs, attract new investment opportunities an
The Motley Fool
Buy Now, Play Later: 2 Stocks for a Wealthy Retirement
Do you want to build a portfolio for a wealthy retirement? Here are two options that are too hard to ignore that you should buy today. The post Buy Now, Play Later: 2 Stocks for a Wealthy Retirement appeared first on The Motley Fool Canada.
Reuters Videos
China's BYD opens first EV factory in Southeast Asia
STORY: Step inside BYD's first electric vehicle plant in Thailand.It's part of the Chinese automaker's plan to expand in Southeast Asia, where BYD has become the dominant player.BYD CEO and President Wang Chuanfu."We are convinced that Thailand will have a golden development period for new energy vehicles. China and Thailand are geographically close, culturally close, and economic and trade cooperation is booming. New energy vehicles are not only a bridge between China and Thailand to enhance friendship, but also a link between BYD and Thailand."Thailand is a regional auto assembly and export hub.The country aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030.Chinese EV makers clearly like the lure of the Thai government's subsidies and tax incentives.They've invested more than $1.4 billion setting up factories in the country, with BYD's new plant the latest addition.The sprawling facility is worth $490 million.And it will have a production capacity of 150,000 vehicles per year, including plug-in hybrids."It will provide over 10,000 jobs after reaching full capacity."As part of its expansion outside China, the world's largest EV maker is also building its first European production base in Hungary.Although BYD could feel some pain in that particular market.The European Commission has imposed tariffs of up to nearly 38% on Chinese-made EVs.
Reuters
China EV makers brace for tariffs as Beijing, EU engage in talks
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. "The Chinese EV brands' march into Europe will continue on," said Lei Xing, founder of consultancy AutoXing. China and the European Commission have been in negotiations since last week over the curbs that Beijing and some European automakers want scrapped.
Reuters
China's Xi greets EU Council president ahead of EV tariffs taking effect
China's President Xi Jinping made a congratulatory call on Thursday to incoming European Council President Antonio Costa, Chinese state media said, a few hours before European Commission curbs on Chinese electric cars are scheduled to take effect. The Commission is set to confirm provisional import tariffs of up to 37.6% on Chinese-manufactured electric vehicles (EVs), after the bloc accused the world's No.2 economy of providing its firms with heavy state subsidies. Xi said he "attaches great importance to the development of China-EU relations" as Europe braces for retaliatory measures from Beijing and the possible opening up of a new front in the West's tariff war with the $18.6 trillion economy.
South China Morning Post
China's talent and infrastructure are strengths in AI race with US, experts say
China's ability to develop infrastructure quickly and boost its talent pool can help the nation compete with the United States in the global artificial intelligence (AI) race, industry experts said on Thursday at the China Conference organised by the South China Morning Post. While Chinese tech giants are unable to match their American counterparts in terms of budget and access to advanced AI chips designed by industry leader Nvidia, speedy infrastructure development on the mainland has provided
The Canadian Press
Border workers who nearly went on strike in June ratify new contract
OTTAWA — The union representing Canada's border workers says members have voted 91 per cent in favour of a new collective agreement.
Global News
LCBO strike to begin Friday involving 9,000 workers at Ontario liquor retailer, union says
The union representing LCBO workers at Ontario's main liquor retailer said in Toronto, Ont., on Thursday evening that more than 9,000 workers will strike as of 12:01 a.m. on Friday, after a deal could not be reached during the bargaining process. “LCBO workers are ready to make history,” said Colleen MacLeod, chair of the OPSEU/SEFPO Liquor Board Employees Division. “Tonight, Ford's dry summer begins.”
Reuters
Factbox-EU report details widespread Chinese interference in economy
In the run up to announcing provisional tariffs on Chinese-made electric vehicles, the European Commission in April released a 712-page report on the many layers of subsidies it argues the Chinese government provides to domestic firms. The report is designed for anti-dumping cases, but trade experts see it as a supporting document for its anti-subsidy investigation into EVs and as a signal to both China and reluctant European Union member states that it means business. The Chinese government funnels both indirect and direct support to state-owned enterprises, or ones it effectively controls even with minority ownership.
Reuters
China-built EVs hit with duties in biggest EU trade case yet
BRUSSELS (Reuters) -The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet. There is however a four-month window during which the tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation. The European Commission's provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what its president Ursula von der Leyen has said is a threatened flood of cheap EVs built with state subsidies.
Fortune
The role of consultants is changing as the rise of managed services turns them from advisors into service providers
Instead of being told what to do, businesses are increasingly looking for strategic partners to step in and run things for them.
South China Morning Post
China-EU trade reaches turning point with EV tariffs set to begin, but 'scope to compromise'
Provisional import tariffs on Chinese electric vehicles by the European Union represent a juncture for the bilateral relationship, but both sides would have enough time to avert "a serious trade war", analysts said, with the new levies set to take effect on Friday. The European Commission confirmed on Thursday that the bloc's additional duties of up to a revised 37.6 per cent on Chinese battery electric vehicles (BEVs) would begin on Friday and would initially last for a maximum of four months.

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MEDIA ADVISORY - Minister Wilkinson to Make a Clean Energy Funding Announcement in Calgary

Latest Stories

These companies have laid off Canadian workers in 2024

4 Ways for Boomers to Make Extra Money Without Finding a New Full-Time Job

Germany blocks another big business deal with China

NFL is liable for $4,707,259,944.64 in 'Sunday Ticket' case

The Fastest Growing Automotive Brand in the World

OMERS selling LifeLabs to Quest Diagnostics in deal valued at $1.35B

Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know

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Buy Now, Play Later: 2 Stocks for a Wealthy Retirement

China's BYD opens first EV factory in Southeast Asia

China EV makers brace for tariffs as Beijing, EU engage in talks

China's Xi greets EU Council president ahead of EV tariffs taking effect

China's talent and infrastructure are strengths in AI race with US, experts say

Border workers who nearly went on strike in June ratify new contract

LCBO strike to begin Friday involving 9,000 workers at Ontario liquor retailer, union says

Factbox-EU report details widespread Chinese interference in economy

China-built EVs hit with duties in biggest EU trade case yet

The role of consultants is changing as the rise of managed services turns them from advisors into service providers

China-EU trade reaches turning point with EV tariffs set to begin, but 'scope to compromise'