Zelenskyy Rejects Calls for Wartime Elections in Ukraine
Ukraine has not held a presidential election since 2019.
Here’s Why the Bank of Canada Is Worried About the Rise of Private Credit
The Bank of Canada is carefully watching the rise of an alternative credit model that has Canadian investors and banks exposed to half a trillion dollars of loans held largely beyond the public eye. The concern revolves around private credit, which doesn’t have a universal definition but broadly involves businesses taking out loans from non-bank [...]
No Room for Missteps in Bank Earnings After Run-Up in Lenders’ Stocks: Fund Manager
Canada’s big banks are expected to deliver another strong performance when they report third-quarter earnings this week, but money managers and analysts are wary that any missteps could mean volatility for their high-flying shares. Canada’s major lenders have navigated a shifting tariff landscape, weak economic growth and a sluggish recovery in the housing market so †
After Trade Talks Collapse, Trump Says Canada Was Seeking ‘Benefits of Being a State’
Each country blamed the other for the breakdown in negotiations.
Beijing Weaponizes New ‘Ethnic Unity’ Law, Family Ties in Transnational Repression of Uyghurs: Analysts
The regime is pressuring Uyghur Australians to spy on diaspora communities back home as the controversial law takes effect, according to Human Rights Watch.
US, Iran Dig In on Positions During Strait Stand-Off
As Tehran banks on pressure from rising fuel costs to force concessions before the midterms, the Trump admin is set to tighten the long-game economic vise.
Evergrande Founder Gets Life but Homebuyers, Suppliers Bear the Costs of China’s Property Collapse
Hui Ka Yan’s punishment closes a legal chapter, but billions in losses from Evergrande’s collapse remain with homebuyers, suppliers, investors, and creditors.
Inflation Data and RBA Minutes to Reveal Rates Clues
A crucial inflation reading will be the focus of a big week in economics that could rule out or keep alive the chance of more Reserve Bank rate hikes. After easing in June, inflation figures on Wednesday are set to show fuel prices bounced back in July. ANZ Bank economists Madeline Dunk and Jasmine Zheng […]
Moderate Earthquake Shakes Eastern Japan, Injuring More Than 30 People in Tokyo Region
TOKYO—A moderate earthquake rattled eastern Japan, including the Tokyo area, early Sunday, injuring more than 30 people, most of them lightly, officials said. There was no danger of a tsunami. According to the Japan Meteorological Agency, the quake had a preliminary magnitude of 5.9 and its epicenter was in the southern Ibaraki prefecture with a […]
Israeli Forces Launch Strike in Syria as Tensions Run High
The Israeli military said it struck a terrorist who posed an immediate threat. The Syrian government said the attack hit a civilian vehicle.
India Launches Rescue Operation as Bulk Carrier Sinks Off East Coast
India’s maritime rescue agency lost communication on Saturday with a Panama-flagged cargo vessel that sank off the coast of eastern India, the Indian Coast Guard said. The vessel had 24 crew on board, including 20 Chinese nationals, three Myanmar nationals and one Bangladeshi, according to Commandant Amit Uniyal, a spokesperson for the Coast Guard. The […]
Head-On Collision in Northeast England Kills 7 People, Including 2 Police Officers
LONDON—Seven people, including two police officers, were killed early Saturday in a head-on collision in northeast England following a pursuit. Cleveland Police said that a Volkswagen Passat carrying five people was traveling the wrong way down the A66 highway near Middlesbrough and collided with a police vehicle on the same road going in the right […]
Sinaloa Governor Returns to Office as He Faces Drug Charges in US
The indictment alleges a faction of the Sinaloa cartel stole ballots to help Moya win the governor’s election in 2021.
Carney Blames 3 Factors for Derailing US Trade Talks
Prime Minister Mark Carney says trade talks with the United States failed over auto-sector tariffs and other demands that he said would adversely impact Canada’s sovereignty. Washington, meanwhile, is blaming Canada for the collapse of the trade talks. U.S. President Donald Trump delayed his 50 percent tariffs on about $28 billion in Canadian goods for […]
Taiwan Tech Company Head Detained Over China-Made Parts in Military Drone Contract
Taiwan is strengthening its asymmetric defense capabilities, with drones playing an increasingly important role in its defense strategy.
Edmonton Considers Bringing Back Calcium Chloride for Winter Road Maintenance
The City of Edmonton is considering bringing back calcium chloride for snow and ice removal this winter, six years after the city stopped using the de-icing agent amid concerns about damage to vehicles, concrete, and infrastructure. A recent Edmonton City Council report on the city’s snow and ice control policy and program review lists calcium chloride system upgrades among proposed operational enhancements. The item is associated with $2.5 million in ongoing costs and $4.4 million in one-time costs. An attachment to the report notes council banned calcium chloride on Edmonton roadways in 2020. However, city administration is updating its understanding of best practices and environmental concerns surrounding the chemical, which remains polarizing despite widespread use in other Canadian cities.
America in Brief
SCOTUS green-lights White House ballroom construction, judge strikes down 'ghost gun' rule, and national debt reached $40 trillion.
Max Verstappen Extends Contract With Red Bull Through 2030
The four-time F1 champion signed the extension amid a disappointing season and frustrations with his Red Bull car.
From Calling for Counter-Tariffs to Warning Against Trade Wars, Premiers React to Failed US Trade Talks
Several Canadian premiers expressed support for Prime Minister Mark Carney imposing retaliatory tariffs on the United States after trade talks failed late on Aug. 21 and new U.S. tariffs went into effect as of Saturday, while Alberta Premier Danielle Smith said trade wars hurt everyone. Ontario Premier Doug Ford encouraged Ottawa to commit to a [...]
Tesla, Other Automakers Recall 4.3 Million Vehicles in China
Regulators cited risk of hard-to-find emergency releases after crashes.
