Author: Press Room

A new report from the U.S. Drug Enforcement Agency (DEA) warns fentanyl “super laboratories” in Canada are “a growing concern for the United States,” particularly as production and supply from Mexico is disrupted. The DEA’s latest annual Drug Threat Assessment says that while the flow of fentanyl from Canada into the U.S. is far lower than from Mexico, Canadian opioid production has the potential to expand and fill the “supply void” from south of the U.S. border.“In addition to the synthetic drug threat from Mexico, elevated synthetic drug production in Canada — particularly from sophisticated fentanyl ‘super laboratories’ … presents…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bulls and Tigers and Moomoos — oh my! Online brokers, sensibly named and otherwise, have this year proved a better trade than betting on the broader market. On Wednesday, eToro joined the herd with an upsized New York $620mn initial public offering, creating yet another chance to wager on the rise of the small trader. Robinhood, up more than 60 per cent this year, is the biggest in a group that includes Tiger Brokers and Futu — branded Moomoo for its US…

Regulators preparing to cut capital requirements that are the target of vigorous criticism from Wall Street

The NSW Treasurer wants the workers compensation scheme reformed, saying billions are being spent keeping it afloat, but has angered state employees.

India and Pakistan became nuclear powers after they conducted tit-for-tat nuclear tests in 1998 and their decades-old animosity has made the region, the world’s most populous, one of its most dangerous nuclear flashpoints. The latest military conflict between the South Asian neighbours spiralled alarmingly on Saturday and there were briefly fears that nuclear arsenals might come into play as Pakistan’s military said a top body overseeing its nuclear weapons would meet. But the Pakistani defence minister said no such meeting was scheduled. Military analysts said this may have been Pakistan’s way of hinting at its nuclear option, as Islamabad has…

The president of the UAE announced plans to invest $1.4 trillion in the US over the next ten years.

A member of the House of Representatives’ progressive “Squad” is reviving legislation aimed at giving reparations payments to Black Americans for slavery.Rep. Summer Lee, D-Pa., reintroduced a resolution Thursday that, if passed, could give federal dollars to the descendants of enslaved people brought from Africa to the United States. Former Rep. Cori Bush, D-Mo., who lost her 2024 primary to a more moderate Democrat, introduced the reparations bill in the last Congress. Bush’s bill, unveiled in May 2023, called for $14 trillion to be put toward reparations payments for descendants of slavery in the United States, but it did not go…

A drummer and green card holder for a Texas-based band was removed from a flight by federal immigration officials on Monday before the band was set to depart for a European tour.Yamal Said, a member of the heavy Americana band Lord Buffalo, was detained at Dallas/Fort Worth International Airport by U.S. Customs and Border Protection (CBP) agents who said they had a warrant for his arrest after he allegedly violated a restraining order at least twice, the Department of Homeland Security said on X.Violating a protective order two or more times can lead to it becoming a felony in Texas,…

By Staff The Canadian Press Posted May 15, 2025 3:14 pm 1 min read Descrease article font size Increase article font size Nova Scotia’s public works minister says the province is getting $170 million from the federal government to assist with housing infrastructure, after a deal was signed last winter. Fred Tilley says Nova Scotia signed the 10-year agreement under the Canada Housing Infrastructure Fund in February. Get daily National news Get the day’s top news, political, economic, and current affairs headlines, delivered to your inbox once a day. But he said they weren’t able to announce it earlier because of the recent federal…

Check out the companies making headlines in midday trading: Walmart — Shares of the big-box retailer dropped 1% after Walmart fell slightly short of first-quarter sales expectations and management warned that consumers could see higher prices caused by tariffs. Walmart reported revenue of $165.61 billion, while the consensus forecast was $165.84 billion, per LSEG. The retailer earned 61 cents per share, after adjustments, beating an LSEG estimate of 58 cents per share. Dick’s Sporting Goods — The sporting goods retailer tumbled 14% on the announcement that it would buy rival Foot Locker for $2.4 billion , in a deal expected to close in…