Meta Platforms plans to build a $13 billion data centre in Sturgeon County, Alberta, marking one of the largest private sector investments in Canadian history. According to Alberta Premier Danielle Smith and Meta’s vice-president of Data Centres, Gary Demasi, the facility will create 3,000 construction jobs, and generate 300 permanent positions once operational. How will … Read more
President Donald Trump has signaled a significant escalation in the conflict with Iran, declaring an interim ceasefire “over” and confirming that US forces have carried out strikes on Iranian targets, including the strategically vital Kharg Island. According to US Central Command, the operations involved strikes on more than 60 boats used by the Islamic Revolutionary … Read more
Federal Reserve officials are signaling a potential shift in monetary policy, with members divided over whether a single interest rate hike will be sufficient to curb persistent inflation. While the committee’s current framework points toward a solitary move, historical data and expert analysis suggest the central bank typically operates in extended cycles of tightening or … Read more
Brent crude oil prices climbed above $76 a barrel on July 8, 2026, following U.S. military strikes against Iran and the revocation of sanctions waivers. The price surge, which reached a 3 percent increase on Wednesday, stems from renewed hostilities in the Strait of Hormuz after attacks on three commercial vessels, according to market data … Read more
VCA Animal Hospitals is laying off nearly 200 employees across its corporate and clinical divisions as the company restructures its operations in California. The layoffs include 100 corporate staff members in Los Angeles and 90 clinical workers following the closure of a San Leandro hospital, according to filings with the state’s Employment Development Department and … Read more
Renata Ford, the wife of the late Toronto mayor Rob Ford and sister-in-law to Ontario Premier Doug Ford, has died. The Premier confirmed the news in a brief statement on Monday, expressing his heartbreak for her two children, Stephanie and Dougie. The family has requested privacy during this period. Background and Public Life Renata Ford … Read more
The Reserve Bank of New Zealand faces a divided consensus ahead of its Official Cash Rate (OCR) decision at 2pm tomorrow. While ANZ and BNZ economists forecast a 0.25% hike to 2.50%, Kiwibank, ASB, and Westpac expect the bank to hold the current rate at 2.25% to support a lukewarm economy. Will the Reserve Bank … Read more
BNZ employees are facing a reduction in workplace perks, including the loss of low-equity home loan premium waivers, according to the Workers First Union. While the bank maintains that its most popular benefits remain in place, union representatives describe the cuts as part of a broader, long-term industry trend of eroding staff financial benefits. Why … Read more
The World Bank has officially reclassified the Philippines as an upper-middle-income country (UMIC) after the nation’s gross national income per capita reached $4,850 in 2025. This figure surpasses the $4,636 threshold required for the category, marking a shift for the economy alongside four other nations, including Vietnam, Sri Lanka, Jordan, and Micronesia. Trade Secretary Cristina … Read more
Iran intends to impose new service fees on commercial vessels transiting the Strait of Hormuz, according to Iranian Ambassador to China Abdolreza Rahmani Fazli. While the United States maintains that Iran will not be permitted to charge tolls or fees for vessels transiting the strait under any final agreement, Iran asserts the fees are necessary … Read more