(KYIV, UKRAINE) – Applications have opened for technology competitions under the European Union’s flagship grant programme BraveTech EU. The competitions, called DefTech Forges, are aimed at defence companies. Ukraine’s Ministry of Defence announced the opening. The competitions are a series of offline events for selected defence startups. They will competeContinue Reading
(WASHINGTON, USA) – The United States would lose about 214,000 jobs next year if it fails to extend its free trade agreement with Canada, according to a report by Oxford Economics prepared for the Canadian American Business Council. Canada would lose 102,000 jobs in the same period. The combined jobContinue Reading
(NOVOROSSIYSK, RUSSIA) – Two of Russia’s largest grain terminals in the southern port of Novorossiysk have suspended operations following a night attack by Ukrainian drones. Reuters reported the suspension citing four industry sources. Russia is the world’s largest wheat exporter. Most of that export flows through its Black Sea ports,Continue Reading
(NAIROBI, KENYA) – Kenya Airways ranked among the bottom 10 airlines globally for punctuality in July, the world’s busiest month for air travel. Its low cost subsidiary Jambojet was among the best 10 performers. The contrast could add pressure on the national carrier as it seeks to improve its competitiveness.Continue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya expects inflation to peak lower than previously projected. The revision comes amid anticipation that the conflict involving the United States, Israel and Iran will be resolved soon. The central bank projects inflation will peak at 6.8 percent in January 2027 before easingContinue Reading
(NAIROBI, KENYA) – KCB Group has raised its interim dividend by 50 percent to KES 3 per share after reporting a 14.2 percent growth in net profit for the half year ended June. The regional lender posted a net profit of KES 36 billion, up from KES 31.5 billion recordedContinue Reading
(MONTREAL, CANADA) – Metro’s third quarter profit fell 35% as a strike at its only produce distribution centre in Quebec entered its fifth month, costing the grocery and pharmacy retailer an estimated C$90 million in lost profit and direct costs. Metro reported net profit of C$211.3 million, about US$151.1 millionContinue Reading
(MONTREAL, CANADA) – Air Canada shares rose sharply on Wednesday after the country’s largest airline agreed to sell a 25% stake in its Aeroplan loyalty programme to Blackstone and a group of Canadian pension funds for C$2.5 billion, giving the carrier a major cash injection as high fuel costs areContinue Reading
(THUNDER BAY, ONTARIO) – Ontario’s lithium industry is moving towards a potential first mine, with Rock Tech Lithium targeting initial production from its Georgia Lake project in northwestern Ontario in about two years as several companies compete to develop the province’s largely untapped resources. Rock Tech is seeking to advanceContinue Reading
(QUEBEC, CANADA) – Quebec is sharply increasing minimum environmental fines for some of its highest risk industrial activities, with penalties for certain offences rising tenfold under changes to the province’s environmental laws. The move will affect major sectors including battery manufacturing, oil refining, pulp and paper, mining, aluminium production, foundries,Continue Reading
