According to the Financial Times, the SRC Rare Earth Processing Facility is set to start operating in Saskatoon, Saskatchewan this week. The Saskatchewan Research Council (SRC) constructed a facility worth C$100 million ($74 million) to process rare earth elements (REE) from Australia, Brazil, and Vietnam before Canadian deposits are utilized. Mike Crabtree, CEO of the SRC Rare Earth Processing...

Inspire Investing Inc., an investment advisor specializing in 'biblically responsible investing', was penalized by the SEC for not meeting the required standards. The regulatory authority reports that Inspire stated that it employs a data-focused approach to assess possible investment opportunities and refrains from investing in firms linked to specific business practices contradicting biblical...

United States Steel Corp. provided a positive financial forecast for the third quarter and expressed continued confidence in obtaining the required approvals for its acquisition by Japan's Nippon Steel. The press office of US Steel stated that the agreement is anticipated to be finalized by the conclusion of this year. In December 2023, Nippon Steel revealed plans to acquire its American...

NTPC Green Energy, a subsidiary of India's government-owned power company NTPC, intends to generate as much as 100 billion rupees ($1.2 billion) through an IPO, according to Bloomberg's report. NTPC Green Energy, a renewable energy company, intends to use the earnings to support a subsidiary for addressing India's increasing energy demands and for settling debts.   Companies like Swiggy,...

BP Plc announced that it is selling its wind energy business in the United States, known as BP Wind Energy, according to a statement. BP Wind Energy has investments in ten wind farms across seven states. All of them are linked to the network, with a combined capacity of 1.3 gigawatts. According to the Financial Times, RBC Capital Markets analysts approximate the business to be worth around $2...

U.S. car manufacturer Ford Motor Co. has submitted a patent application for a system that monitors car journeys, eavesdrops on passenger discussions, and displays relevant audio ads or commercials on the dashboard screen. According to MarketWatch, the patent requires the system to utilize a GPS navigator to promote businesses along the route. It could also recognize when a driver has parked at a...

Chinese officials have prohibited audit company PwC from operating in the nation for half a year and imposed a penalty of 440 million yuan ($62 million) on the firm as retribution for auditing the collapsed real estate developer Evergrande. The PRC Ministry of Finance fined 116 million yuan, while the China Securities Regulatory Commission (CSRC) imposed a fine of 325 million yuan on the company....

The UK's Competition and Markets Authority (CMA) has determined that the merger between Vodafone UK and Three UK could result in a notable reduction in competition within the UK market. The regulatory body has conducted a thorough examination of the agreement and has tentatively concluded that it would lead to increased costs for tens of millions of mobile phone customers or a decline in service...

Reuters reports that Samsung plans to lay off up to 30% of workers in several of its overseas units, citing three sources. The sources claim that by year's end, the South Korean electronics company plans to let go of up to 30% of its overseas-based administrative workers and roughly 15% of its marketing and sales workforce. Employees across Europe, Asia, Africa, and South and North America will...