Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
McKinsey faces US criminal investigation over opioid industry work: Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemic
ft.com/content/d88492df-238d-4ff1-b8a4-1b4c9b117c6c
Quick Glance: Investigation against McKinsey in the US over involvement in the opioid industry
- A grand jury was established to examine evidence related to consulting for pharmaceutical companies involved in the addiction epidemic.
- McKinsey is under a criminal investigation in the US for its involvement with opioid manufacturers.
- Furthermore, federal prosecutors are looking into whether the company impeded justice through its actions as concerns about its work grew.
- According to a source, the US Department of Justice has been scrutinizing McKinsey's activities for several years, with a grand jury now set up in Virginia to review evidence.
Bob Cole, Voice of ‘Hockey Night in Canada’ for Nearly 50 Years, Dies at 90: He called Hockey Night in Canada games for nearly 50 years.
si.com/nhl/2024/04/24/bob-cole-voice-hockey-night-in-canada-died
16-year-old child of billionaire tech CEO reported missing - National | Globalnews.ca
trib.al/2lZFrkh
Gaza protesters clash with police at US universities: Demonstrators in Texas were met with state troopers as protests lead to arrests on campuses across the ...
bbc.com/news/av/world-us-canada-68851625
See all of the highlights from the 2024 Earth Awards: time.com/collection/earth-awards-2024/ Thank you to our Founding Partner Galvanize; Premier Partner @Amazon; Data & Insights Sponsor ... Show more
Binance Founder Should Get 3 Years in Prison, Prosecutors Say: Lawyers for Changpeng Zhao, the founder of the crypto exchange Binance, countered that he should ...
nytimes.com/2024/04/24/technology/binance-changpeng-zhao.html
Quick Glance: DOJ Calls for Binance Founder to Spend Three Years in Prison
- The U.S. Department of Justice stated that Binance's founder, Changpeng "CZ" Zhao, should spend three years in prison for enabling the crypto exchange to violate federal laws on money laundering and sanctions.
- Zhao pleaded guilty to violating the Bank Secrecy Act, with the DOJ recommending a 36-month prison sentence and a $50 million fine.
- Emphasizing the need for a significant punishment, the DOJ highlighted Zhao's financial gains from illegal activities and the importance of deterring others from similar actions.
- The court will decide between incarceration and probation for Zhao, with his defense arguing against his knowledge of specific transactions and advocating for probation due to a lack of risk of repeat offenses.
Lily Allen books first class seat on flight and leaves daughter, 12, in economy: The singer revealed she's flying to London for her friend ...
dailyrecord.co.uk/entertainment/celebrity/lily-allen-books-first-class-32668839
Cuba apologizes to Canada for delivering wrong body to grieving family: Cuba apologized to Canada on Wednesday after authorities accidentally delivered the ...
reuters.com/world/americas/cuba-apologizes-canada-delivering-wrong-body-grieving-family-2024-04-24/
Tim Hortons celebrates its 60th birthday in 2024. Here’s a timeline of its history
thestar.com/business/tim-hortons-celebrates-its-60th-birthday-in-2024-heres-a-timeline-of-its-history/article_604972df-c3ee-55a1-a25a-83353b28631f.html
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Tepid economic data weighs on equities; yen sinks to fresh lows: Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook ...
reuters.com/markets/global-markets-wrapup-1-2024-04-25/
Starbucks loses appeal over union election at Seattle store: A U.S. appeals court on Wednesday rejected Starbucks' claims that an employee vote to unionize at ...
reuters.com/legal/starbucks-loses-appeal-over-union-election-seattle-store-2024-04-24/
Venice introduces first payment charge for tourists: The Italian city became the first in the world on April 25 to introduce a payment system for tourists in an ...
theglobeandmail.com/world/video-venice-introduces-first-payment-charge-for-tourists/
Writers Guild of Canada authorizes strike as bargaining continues with producers: TORONTO - The Writers Guild of Canada says its members have voted to authorize ...
thestar.com/entertainment/movies/writers-guild-of-canada-authorizes-strike-as-bargaining-continues-with-producers/article_688d84f5-8566-5c96-8c8a-e5432bec025e.html
Paid articlePaid
Monthly earnings rise, payroll employment falls: jobs report: The number of vacant jobs in Canada increased in February, while monthly payroll employment ...
ctvnews.ca/business/monthly-earnings-rise-payroll-employment-falls-jobs-report-1.6861362
Tepid economic data weighs on equities; yen sinks to fresh lows: Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook ...
reuters.com/markets/global-markets-wrapup-1-2024-04-25/
WATCH: Canadians often take a look at the best before date on food items when grocery shopping to know how long items will last ... Show more globalnews.ca/news/10446663/canada-food-prices-best-before-date-consumption/
We Tried Artizia’s Butter Sway Romper – Best Workout Onesies: If you’ve worn your exercise dress to death, consider replacing it with the Aritzia Butter Sway ...
thecut.com/article/artizia-butter-sway-romper-review.html
Borealis at Gardens by the Bay: Witness the 'Northern Lights' at this free installation
cnalifestyle.channelnewsasia.com/entertainment/borealis-gardens-bay-northern-lights-389036
Canada's Rogers profit takes hit from higher costs related to Shaw acquisition: Rogers Communications posted a drop in first-quarter profit on Wednesday ...
reuters.com/business/media-telecom/canadas-rogers-communications-tops-quarterly-subscriber-additions-estimate-2024-04-24/
Politics Briefing: Federal, Ontario governments commit up to $5-billion to Honda EV plant
theglobeandmail.com/politics/article-politics-briefing-federal-ontario-governments-commit-up-to-5-billion/
Paid articlePaid Morning Bid: Yen on the brink, but Tesla pulls back: A look at the day ahead in European and global markets from Tom Westbrook
reuters.com/markets/europe/global-markets-view-europe-2024-04-24/
Japan is poised to fill an EV gap left by China: A new Honda facility in Canada shows that Asia’s auto industry is ready to meet North American needs.
japantimes.co.jp/commentary/2024/04/24/japan/japan-china-ev-gap/
When will Mark Carney run?: Some Liberals want the former central banker to bolster Justin Trudeau’s government this summer
theglobeandmail.com/politics/opinion/article-when-will-mark-carney-run/
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Legendary F1 Designer Adrian Newey Is Leaving Red Bull: Report: Reports claim Aston Martin owner Lawrence Stroll recently made Newey a hefty offer.
thedrive.com/news/legendary-f1-designer-adrian-newey-is-leaving-red-bull-report
Rumour: Watch Dogs Is Dead, and Legion Reportedly Killed It: Taken out back
pushsquare.com/news/2024/04/rumour-watch-dogs-is-dead-and-legion-reportedly-killed-it
Authorities search for former Slack CEO's teenager who is considered a runaway : Authorities in California are searching for the teenage child of former Slack ...
nbcnews.com/news/us-news/authorities-search-former-slack-ceos-teenager-considered-runaway-rcna149407
Canada sends invitations to foreigners to apply for permanent citizenship: Invitations to apply for Canada Express Entry have been sent to a select group of ...
financialexpress.com/business/investing-abroad-canada-express-entry-invitations-sent-to-foreigners-for-permanent-citizenship-3466858/
The Aston Martin driver's collision with Daniel Ricciardo in China should be the last straw. www.thedrive.com/news/its-time-for-lance-strolls-f1-experiment-to-end
Drake uses Tupac Shakur's voice and gets in trouble: Drake added the voice of murdered rapper Tupac Shakur to his title “Taylor Made Freestyle” - with the help ...
faz.net/aktuell/gesellschaft/smalltalk/drake-nutzt-stimme-von-tupac-shakur-und-bekommt-aerger-19677778.html
Wolf found over 1,000 miles from home in Colorado, feds say. How remains a mystery
star-telegram.com/news/nation-world/national/article287979945.html
Turkish rail officials jailed for more than 108 years for crash that left 25 dead
ctvnews.ca/world/turkish-rail-officials-jailed-for-more-than-108-years-for-crash-that-left-25-dead-1.6861277
Airbus granted reprieve from Canadian sanctions on Russian titanium, sources say: Source says it came to Ottawa’s attention there were unforeseen effects of the ...
theglobeandmail.com/politics/article-airbus-granted-reprieve-from-canadian-sanctions-on-russian-titanium/
Paid articlePaid
What to see and do in Budapest during Europe’s summer: Travel writer Julia Hammond finds out what it’s like to spend a few days in Budapest ...
nzherald.co.nz/travel/what-to-see-and-do-in-budapest-during-europes-summer/F7AKJOIUNVDF3HBMCRZC7WIYIE/
Bank of Canada officials split on when to start cutting interest rates: Members of the Bank of Canada's governing council were split on how long the central bank ...
ctvnews.ca/business/bank-of-canada-officials-split-on-when-to-start-cutting-interest-rates-1.6860326
Rideshare platform Uber expands to Newfoundland and Labrador: Uber Technologies Inc. says it has brought its ridesharing platform to Newfoundland and Labrador.
ctvnews.ca/business/rideshare-platform-uber-expands-to-newfoundland-and-labrador-1.6858874
Switzerland says UBS may need more cash. The bank is fuming: A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as ...
cnn.com/2024/04/24/investing/ubs-switzerland-too-big-to-fail/
After letting up seven goals in Game 1 to the Winnipeg Jets, Alexandar Georgiev had to treat Game 2 as a new game 🧠
NHL | Colorado Avalanche
Gas station clerk stabbed several times during violent attack at Ultramar in Montreal | Globalnews.ca
trib.al/GDKN0gS
DCI appeals for information on prime suspect in murder of JKUAT student Rita Waeni, releases his image; Waeni was found dead on January 14 in Roysambu, Nairobi.
Canada’s oddly specific EV credits for Honda amounts to poor industrial policy : The federal government and Ontario’s a multibillion-dollar deal with Honda would ...
theglobeandmail.com/business/commentary/article-canada-honda-electric-vehicle-chain/
Paid articlePaid Politics Briefing: Younger demographics not swayed by federal budget benefits targeted at them, poll indicates
theglobeandmail.com/politics/article-politics-briefing-younger-demographics-not-swayed-by-federal-budget/
Paid articlePaid Nearly half of Canadians have negative opinion of latest Liberal budget, poll suggests
theglobeandmail.com/politics/article-nearly-half-of-canadians-have-negative-opinion-of-latest-liberal/
Fickle home buyers tiptoe into spring market: A swell in new listings after the Easter long weekend may point to a pickup in sales ahead as buyers absorb the new ...
theglobeandmail.com/real-estate/toronto/article-fickle-home-buyers-tiptoe-into-spring-market/
Paid articlePaid First Quantum Minerals cuts debt by over $1 bln in first quarter: Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1 ...
reuters.com/markets/commodities/first-quantum-minerals-cuts-debt-by-over-1-bln-first-quarter-2024-04-23/
Quick Glance: First Quantum Minerals Reduces Debt by Over $1 Bln in First Quarter
- Canadian mining company First Quantum Minerals announced a $1.14 billion debt reduction in the first quarter.
- With a series of capital restructuring measures, the company aims to strengthen its balance sheet and cut debt to achieve operational goals.
- The company's total debt as of March 31 is $5.99 billion, down from the previous $7.38 billion.
- Despite a $159 million net loss due to the closure of the Cobre Panama mine, the company posted a $75 million profit in the year-ago quarter.
Asahi Kasai to build EV battery component plant in Canada to supply Honda, Nikkei reports
reuters.com/business/autos-transportation/asahi-kasai-build-ev-battery-component-plant-canada-supply-honda-nikkei-reports-2024-04-24/
Trans Mountain oil shippers raise concerns about risk of delay to full service: Some shippers on Canada's Trans Mountain expansion project are raising concerns ...
reuters.com/markets/commodities/trans-mountain-expects-first-ship-load-expanded-pipeline-second-half-may-2024-04-23/
Five Eyes countries working to fight critical minerals dumping, Canada minister says
reut.rs/3JxKgQY
The Aston Martin driver's collision with Daniel Ricciardo in China should be the last straw. www.thedrive.com/news/its-time-for-lance-strolls-f1-experiment-to-end
Honda to build electric vehicles and batteries in Ontario, says source: Honda will build electric vehicles and their parts in Ontario with financial support from ...
reut.rs/3UrdpUj
Quick Glance: Honda's Major Investment in Electric Vehicle Factory in Ontario
- According to sources from federal and provincial government levels, Honda is planning to establish a significant new electric vehicle facility in Ontario.
- The forthcoming announcement of the agreement is expected to take place at Honda's facility in Alliston, where plans for a comprehensive project to manufacture electric vehicles, batteries, and components will be revealed.
- Honda's investment in Alliston is projected to surpass the existing major projects in the electric vehicle production sector in Ontario.
- The disclosure of the agreement with Honda is seen as a significant step in the government's efforts to attract companies for establishment in Canada within the emerging electric vehicle industry.
Bunge-Viterra agriculture merger runs into Canada competition concerns: Canada's Competition Bureau on Tuesday said it found major competition concerns around U ...
reuters.com/markets/deals/canadian-competition-bureau-has-major-concerns-about-proposed-bunge-viterra-2024-04-23/
Dashcam video shows dramatic rescue from burning car: Drivers in Minnesota stopped in the middle of a highway to help pull a man out from a vehicle on fire.
bbc.com/news/av/world-us-canada-68860065
The Buds bounce back 🍁
Canada will take bigger economic hit than U.S. if Trump wins election: report - National | Globalnews.ca
trib.al/fYbQT6P
Shortages key to copper's upward price trajectory to new peaks: Upward momentum that has propelled copper prices to within a whisker of the psychological $10 ...
reuters.com/markets/commodities/shortages-key-coppers-upward-price-trajectory-new-peaks-2024-04-23/
LISTEN: Supreme Court appears to favor Starbucks in case on union organizing protections
pbs.org/newshour/politics/listen-live-supreme-court-hears-case-involving-starbucks-and-protection-for-union-organizing
On @Breakingviews : Ever since Shell CEO Wael Sawan took charge last year, he has made it his mission to close the $230 billion oil giant’s valuation gap with US rivals ... Show more @ywchen1 www.reuters.com/breakingviews/shells-value-gap-is-more-strategy-than-geography-2024-04-19/
Canada's TC Energy says NGTL pipeline system resumes normal operations after fire
reuters.com/business/energy/canadas-tc-energy-says-ngtl-pipeline-system-resumes-normal-operations-after-fire-2024-04-22/
U.S. Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature
ctvnews.ca/sci-tech/u-s-senate-passes-bill-forcing-tiktok-s-parent-company-to-sell-or-face-ban-sends-to-biden-for-signature-1.6859538
Quick Glance: What Lies Ahead for TikTok in the US?
- The US Senate has unanimously approved a bill that could potentially lead to the banning of TikTok within nine months, unless its Chinese owner, ByteDance, withdraws from the video-sharing app due to concerns about national security threats.
- President Joe Biden has confirmed his intention to sign the legislation on Wednesday.
- ByteDance acquired the well-known karaoke app Musical.ly and rebranded it as TikTok back in 2017. It has become one of the fastest-growing applications in the United States, boasting 150 million monthly subscribers.
The Panthers pounce to win Game 2! 😼
Luke Bryan slips on phone midshow — and fans praise him for 'grace and even humor'
today.com/popculture/music/luke-bryan-falls-concert-rcna148806
Harbour Air signs letter of intent to buy electric engines for its seaplanes: The company says it has signed a letter of intent with Washington-based magniX to ...
timescolonist.com/business/harbour-air-signs-letter-of-intent-to-buy-electric-engines-for-its-seaplanes-8643292
Rania Amine, a psychology major at McGill University, talks about participating in a hunger strike to get the university to divest from Israeli-linked ... Show more
Compass Point listed for nearly $20 million: The five-storey Compass Point building on the outside edge of the City of Hamilton is up for sale, listed for $19 ...
royalgazette.com/local-business/business/article/20240422/compass-point-listed-for-nearly-20-million/
Lower prices, stubborn costs could weigh on copper miners' quarterly results: North American copper miners are expected to report a decline in first-quarter ...
reuters.com/markets/commodities/lower-prices-stubborn-costs-could-weigh-copper-miners-quarterly-results-2024-04-22/
Quick Glance: Copper Miners Facing Challenges from Lower Prices and Higher Costs
- North American copper miners are expected to report a decline in first-quarter earnings due to lower copper prices and persistently high costs.
- The miners are also grappling with a labor shortage, especially in countries like the U.S., and lower grades of ore, raising per-unit production costs.
- Analysts suggest that a surge in gold prices could provide relief to miners like Freeport, as gold is often mined as a by-product.
- The late rally in copper prices is likely to boost the free cash flow of miners in the second quarter, as predicted by analysts.
Dave Portnoy blasts PGA Tour 'morons' as RBC Heritage delay threatens $1.6 million bet
nypost.com/2024/04/22/sports/dave-portnoy-blasts-pga-tour-morons-for-rbc-heritage-delay/
MEC basketball: Osborne, Kelly step down as coaches at UC: The University of Charleston has lost its men’s and women’s basketball coaches.
wvgazettemail.com/sports/mec_sports/mec-basketball-osborne-kelly-step-down-as-coaches-at-uc/article_99097cec-6ef1-5dd3-a81c-05c551330d4b.html
U.S. Supreme Court rejects Vanda Pharmaceuticals case over sleep-drug patents: The U.S. Supreme Court on Monday declined to hear a bid by Vanda Pharmaceuticals ...
reuters.com/legal/us-supreme-court-rejects-vanda-pharmaceuticals-case-over-sleep-drug-patents-2024-04-22/
Short-sellers pocket record profit from Big Tech: Traders who bet against the 'Magnificent 7' group of big U.S. tech stocks booked their biggest-ever weekly ...
theglobeandmail.com/world/video-short-sellers-pocket-record-profit-from-big-tech/
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