Canada


HSBC reaches deal with Huawei's Meng over dispute

HSBC reaches deal with Huawei's Meng over dispute

(ATF) HSBC and Huawei Technologies' chief financial officer Meng Wanzhou have reached an agreement in a dispute about the publication of documents relating to US fraud allegations against her, their lawyers told a Hong Kong court.The legal dispute reached the Hong Kong court last month after a British judge in …

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Canada puts up barriers to Chinese mineral company acquisitions

Canada puts up barriers to Chinese mineral company acquisitions

(ATF) Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, in a further blow to Chinese companies as relations between the two countries continue to sink.A government spokesperson said on Thursday that the move was made ahead of an expected surge in demand for …

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Lithium’s frenzied rise could have a calming geopolitical effect

Lithium’s frenzied rise could have a calming geopolitical effect

(ATF) The price of lithium has risen almost 90% since the start of 2021, putting the metal on course to more than double in price by the end of the first quarter. A global commodity boom appears to be underway but even among in-demand metals lithium is seeing particularly keen …

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Canada emerges as EV epicentre in US-China fight for dominance

Canada emerges as EV epicentre in US-China fight for dominance

(ATF) Canada could become a global centre for electric vehicle (EV) batteries under a US government strategy to counter Chinese competitors. The US Department of Commerce held a closed-door virtual meeting with miners and battery manufacturers to discuss ways to boost Canadian production of materials needed in EV production such …

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Nickel price falls on Chinese company's supply boost pledge

Nickel price falls on Chinese company's supply boost pledge

(ATF) The price of nickel, a key ingredient in electric vehicle (EV) batteries, has plunged in recent days on news of a breakthrough in production by a Chinese company.Tsingshan announced this week that it had developed technology to convert nickel laterite ores to nickel matte, a processed nickel-iron sulphide, that …

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Blinken heading to Japan, South Korea for first trip, reports say

Blinken heading to Japan, South Korea for first trip, reports say

(ATF) US Secretary of State Antony Blinken and newly appointed Defence secretary Lloyd Austin plan to visit Japan and South Korea this month for foreign policy and security talks, according to reports published on March 4.While State department spokesman Ned Price told Reuters he was not able to confirm the …

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Facebook to restore news pages after deal with Australian govt

Facebook to restore news pages after deal with Australian govt

(ATF) A compromise has been reached between Facebook and the Australian government, which will see the internet giant restore local news pages after the government agreed to amend its proposed law. The bill will force tech giants to pay for media content displayed on their platforms.Australia and the social media …

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China grabs French and Canadian barley as pig herd grows again

China grabs French and Canadian barley as pig herd grows again

(ATF) China is scooping up millions of tonnes of barley from France and Canada that have yet to be harvested, as its appetite for animal feed grain spills over into orders for next year's crop.Chinese buying has contributed to higher prices for key crops and to food inflation worldwide as …

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Biden set to ditch $9 billion Keystone XL oil pipeline plan 

Biden set to ditch $9 billion Keystone XL oil pipeline plan 

US President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office.Outgoing President Donald Trump had made building the pipeline – which would move oil from the Canadian province of Alberta to Nebraska – a central …

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Border official admits 'incomplete' testimony in Huawei CFO case

Border official admits 'incomplete' testimony in Huawei CFO case

A Canadian border official has admitted to giving "incomplete" testimony in court and having breached a judge's instruction not to discuss the case, as witness cross-examination in Huawei Chief Financial Officer Meng Wanzhou's US extradition hearing resumed.Testimony was delayed for more than an hour on Thursday morning after prosecutors representing …

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