Politics

Canada to build small modular nuclear reactor, first within G-7

May 12, 2025

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Canada approved a $20.9 billion (US$15.1 billion) plan to build a new, smaller kind of nuclear power plant, providing a significant shot in the arm for the nascent industry. Ontario Power Generation Inc. won approval to […]

Canada has been ‘over reliant on the US for too long’, says Joly

May 12, 2025

Canada has been 'over reliant on the US for too long', says Joly Watch: What do Canadians make of Carney's meeting with Trump? US-Canada relations have been tense in recent months, after Trump imposed tariffs on Canada's auto, aluminium and steel industries, and said Canada would be better off as a US state. Her latest […]

Stocks jump in Japan, Taiwan on trade optimism; bitcoin soars

May 12, 2025

Men stand in front of an electronic stock quotation board inside a builidng in Tokyo, Japan April 8, 2025. REUTERS/Issei Kato/File Photo Purchase Licensing Rights , opens new tab Summary U.S. deal with UK is first since Trump's tariff pause U.S. officials to meet with Chinese negotiators on Saturday Bitcoin leaps to highest since January; […]

Trump’s tariffs deal a blow to the bottom line of US companies

May 12, 2025

U.S. President Donald Trump is presenting the trade war as a way to protect American industry from foreign competition. The tariffs, however, are directly affecting his own companies’ bottom lines. Dozens of major businesses across multiple sectors have warned in their first-quarter earnings reports of the impact they will suffer from Trump’s new trade policy. […]

Another bombshell admission in Karen Read trial comes out. What did she say?

May 12, 2025

Another bombshell admission in Karen Read trial comes out. What did she say? Editor's note: This page summarizes testimony in the Karen Read trial for Monday, May 5. For the latest updates on the Karen Read retrial, visit USA TODAY's coverage for Tuesday, May 6. A firefighter testified on May 5 in Karen Read's murder […]

Cardinal Robert Prevost becomes first-ever American Pope – NBC Chicago

May 12, 2025

After multiple votes over two days, Cardinal Robert Prevost, who was raised in Chicago and worked in the city for more than a decade, has been elected as the first-ever American Pope of the Catholic Church. Prevost has chosen the name Pope Leo XIV, and was introduced to the crowds outside of St. Peter’s Basilica […]

How Donald Trump’s tariffs threaten Canadians’ access to prescription drugs

May 12, 2025

If the United States imposes 25 per cent tariffs on exports from Canada, nearly all economists agree a recession is inevitable. Estimates are that between 600,000 to 2.4 million jobs are at risk. Based on previous recessions, the unemployment rate could rise to 10 per cent and stay stuck at that level for some time. […]

‘Nvidia Stock Could Fall to $76 per Share,’ Says Piper Sandler

May 12, 2025

Earlier today, Piper Sandler warned that Nvidia (NVDA) could lose up to 6.45% of its important data-center revenue if companies cut back on spending. This could mean about $9.8 billion in lost revenue if corporate capital expenditures shrink and demand from China stays weak. Indeed, five-star analyst Harsh Kumar explained that in the worst-case scenario, […]

Tesla’s UK, Germany new car sales at two-year low in April even as EV demand rises

May 12, 2025

By Alessandro Parodi (Reuters) -Tesla's new car sales in Britain and Germany plummeted to their lowest in over two years in April, falling 62% and 46% year-on-year respectively, even as demand for electric vehicles rose in both countries, national data showed on Tuesday. Sales of billionaire Elon Musk's EV cars also plunged to multi-year lows […]

Indonesia’s ‘thousand friends, zero enemies’ approach sees President Subianto courting China and US

May 12, 2025

For much of April and into May, a team of negotiators from Indonesia have been in Washington to discuss trading relations between the world’s largest economy and another forecast to be in the Top 5 within a generation. The Southeast Asian nation was among those hit hard by the across-the-board tariffs announced on April 2, […]