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Barrick sells its Hemlo Mine in Canada for up to $1 billion
Carcetti Capital and Barrick Mining have agreed to sell their Hemlo Gold Mine in Canada for up to $1.009 billion. The statement said that the deal included $875 million cash at closing and $50 million in Carcetti shares, as well as up to $165 millions in contingent payments tied to gold production and prices starting in 2027 and over five years. Carcetti announced that it would fund the acquisition with a combination of financing. This includes a $400-million gold stream from Wheaton Precious metals, a $225-million loan underwritten and guaranteed by Scotiabank, and approximately $415 million in a private placement. The deal will close in the fourth-quarter and Carcetti Capital will be renamed Hemlo Mining Group. Barrick's quarterly profits surpassed estimates in August and the company raised its dividend, despite a $1.04bn charge related to its Mali mine. This was part of an overall effort to focus on its biggest gold and copper operations and shed non-core assets. (Reporting by Surbhi Misra in Bengaluru; Editing by Alan Barona)
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Charlie Kirk, a right-wing activist who died at age 31, played a key role in Trump’s victory of 2024
Charlie Kirk, a U.S. political activist of the right, was one of many influential figures who helped to amplify Republican president Donald Trump's agenda. He galvanized conservative youth, and rose to prominence internationally with his often incendiary rhetoric on issues such as race, immigration, and gender. Kirk, a native Illinoisan who founded the conservative student group Turning Point USA when he turned 18 years old and later became a rising star within the Republican Party, under Trump, was just returning to the United States after completing a speaking tour overseas, when he died on Wednesday. Kirk was 31. Kirk, president of Turning Point was addressing an outdoor crowd at Utah Valley University in Orem. He headlined a Sunday event in Tokyo, organized by the extreme-right Sanseito Party, which won big in Japan's July upper house elections. Recently, he also spoke in South Korea. Kirk attracted 5.3 million subscribers to his X account, and 500,000 listeners a month for his podcasts. Kirk also authored several books or contributed to others, such as "Time for a Turning Point," "The College Scam," and "Time for a Turning Point." INFLUENCE BUILT UPON COLLEGE CAMPSITES Kirk founded Turning Point USA with Bill Montgomery in 2012. The non-profit group supports conservative candidates. Turning Point USA is an organization that promotes conservative causes in college campuses. It was crucial in influencing youth to support Trump during the November 2024 elections. Kirk's Turning Point was raucous. It was a mixture of a tent revival, rock show, and professional wrestling match. Speakers would be accompanied by loud anthems, bright pyrotechnics and a raucous crowd of up to tens of thousands. Kirk died on Trump's online platform Truth Social. Trump said, "Nobody understood or had the Heart of the Youth of the United States of America like Charlie." "He was loved by all, but especially me. He is no longer among us." Kirk was honored by Trump's order to fly the flags at half-staff. Kirk's provocative remarks targeted Muslim politicians including Minneapolis mayoral candidate Omar Fateh, and Islam in general. Kirk expressed xenophobic opinions of the Islamic World and Islamic Culture, using Europe as a reference to support his views. In April, he said that "Islam has conquest-like values." They are trying to conquer land and territories, and Europe has now been conquered. Kirk claimed in an August episode of his podcast that Jasmine Crockett (a Black Democratic legislator) was part of a "attempt" to eliminate the White population of this country. Kirk stated that "the great replacement of the white people" is more sinister than a redistricting plan. Kirk, the son of an architect and a counselor in a mental health clinic, saw his political career take off after a 2012 Breitbart op-ed that he wrote caught Fox News' attention, according to New York Times reports from February. The Times reported that Fox booked Kirk to speak about the national debt. This appearance led him to give a speech in Benedictine University where he met Montgomery a local Tea Party activist. Montgomery encouraged Kirk's message to be spread on college campuses and registered Turning Point USA in July 2012 for Kirk. Kirk's wife Erika is a former Miss Arizona USA pageant winner and they have two children. Steve Gorman reported from Los Angeles, Helen Coster from New York, and Jim Oliphant contributed additional reporting. Additional reporting was provided by Jasper Ward and Andrew Hay. Brad Brooks also contributed. Andrea Shalal and Joseph Ax were also involved. Jana Winter and Kanishka Singh edited the story.
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Elliott says Kansai electric can be more attractive by selling off non-core assets
Elliott Management, an activist investor and Kansai electric power shareholder, has said that the Japanese utility can become a better long-term investment if it sells non-core assets, boosts profitability, and increases shareholder returns. Elliott is now one of the three largest shareholders in Kansai, Japan's largest nuclear power company by number of reactors online. The stake, which ranges between 4%-5%, was disclosed on Wednesday by a source familiar with the situation. In a Wednesday statement released from London, Elliott stated that it looked forward to working closely with Kansai's management team and other key stakeholders in order to enhance the core business of the company. The company's statement stated that "by increasing shareholder returns, unlocking the capital from its non core assets, and improving profitability, We believe the Company can enhance its funding flexible for future growth, and bolster its attraction as a long term investment proposition." Elliott wants Kansai to increase its dividend from 60 yen to 100 yen and to increase share buybacks through the sale of non-core assets. This source, who is not authorized to speak in public, was familiar with the situation. The source claimed that Elliott had identified non-core assets worth over 2 trillion yen (13.58 billion dollars) at the company, including real estate valued at more than 1 trillion yen and a stake in construction firms. Elliott's announcement did not include details about its stake in Kansai or any other proposals. Kansai did not immediately respond to a comment request. Elliott has taken stakes in companies such as Tokyo Gas, Sumitomo Corp, and Dai Nippon Printing, in an effort to increase shareholder returns and corporate values. Kansai Electric, in addition to its energy business, has assets including IT, real estate and others. However, it targets nuclear power as the main source of earnings growth near-to mid-term. The company plans to maintain its 60-yen dividend per share for the fiscal year, despite an expected 30% decline in profits. Kansai Electric announced in July that it had begun surveying for a nuclear power plant at its Mihama station in western Japan. This was the first concrete move by the country since the meltdown of Tokyo Electric Power’s Fukushima nuclear plant in 2011. ($1 = 147.2880 yen)
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Climate advisory panels are dismantled by the US Treasury Department
The U.S. Financial Regulators voted Wednesday to dissolve two committees that were charged with monitoring the financial risks caused by climate change. This ends a multi-year effort of the Biden Administration to embed climate threats in financial regulations. The Financial Stability Oversight Council (FSOC), a multi-regulator body that monitors risk and is chaired Scott Bessent of the Treasury Department, revoked, by voice vote, without dissent, or abstentions, during a public meeting, the charters for its Climate-Related Financial Risk Committee, as well as its Climate-Related Financial Risk Advisory Committee. Janet Yellen was Bessent’s predecessor in the Biden administration. She warned that severe weather, wildfires, and other climate events could have a large impact on U.S. economics and finances and cause asset losses. Bessent explained that the dismantling of financial regulations was part his "back-to-basics" approach, which aims to reduce burdensome rules for banks and other lending institutions and to ease capital requirements. Bessent said that by rescinding the charters the council could better focus their attention and resources on the core issues of financial stability and our efforts to encourage economic growth and security, while maintaining safety and soundness. This is an important step in destroying Biden's energy and climate policies. It includes reducing federal funding for clean energy, as well as slashing the regulations that boost fossil fuel production. Tracey Lewis is a senior policy adviser at Public Citizen, a non-profit organization. The committee's research on the financial impact of climate disasters in housing, homeowners' policies, and financial regulations plays an important role in protecting safety and soundness for the American financial system. In a Treasury presentation, FSOC also announced its intention to review previous guidance on the designation of non-bank financial institutions as systemically significant financial institutions. This would expose them to greater supervision. (Reporting and editing by Sam Holmes; David Lawder)
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Newmont requests voluntary delisting of Toronto Stock Exchange
Newmont, the largest gold miner in the world, has requested that its common shares be delisted from the Toronto Stock Exchange because of low trading volumes. The move is expected to take effect at or around the close of the trading on September 24. It will likely improve administrative efficiency and lower costs. Bloomberg News reported that Newmont had set a goal to reduce costs by $300 an ounce. This could lead thousands of layoffs. The miner announced last year that it would divest of non-core assets and reduce its workforce, as well as reduce debt, following the $17.14 billion purchase of Australian firm Newcrest. Since November 2024 the company has sold several Canadian assets. These include the Eleonore Mine, which was sold for $795 million; the Musselwhite Gold Mine, located in Ontario and sold at an $850 million price; and its stake in Porcupine Operations, located in Ontario. This deal valued the company's stake in Porcupine Operations at $425 million. Newmont continues to operate the Brucejack mine and Red Chris mine, both in Canada. In July, when the company reported its results for the second quarter, it announced a share-repurchase program of $3 billion. The miner announced on Wednesday that it will maintain its primary listing at the New York Stock Exchange, and also support its listings at the Australian Securities Exchange and Papua New Guinea Stock Exchange. The shares are currently traded on alternative markets, so it does not plan to ask for approval from security holders. (Reporting and editing by Shilpa Majumdar in Bengaluru. Pooja Menon is based in Bengaluru.
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Top cases heard by the US Supreme Court in 2025-2026
The U.S. Supreme Court is preparing to decide a number of cases during its upcoming term that begins in October. These cases include issues like tariffs, transgender, campaign finance, crisis pregnancy centers and religious rights. The following are some of the cases that will be heard during the upcoming court term. Separately, the court has also acted in emergency cases in several cases that involved challenges to President Donald Trump’s policies. TRUMP TARIFFS On September 9, the court agreed to rule on the legality Trump's sweeping tariffs around world, a test that will be a major part of his agenda for economics and trade. The court heard the Justice Department appeal against a lower-court ruling that Trump had overstepped his powers in imposing his tariffs, which were imposed under a federal emergency law. This case could result in trillions of dollars worth of customs duties for the next decade. The U.S. Court of Appeals in Washington ruled Trump had overreached by invoking a 1977 act known as the International Emergency Economic Powers Act in order to impose tariffs. This ruling was made in response to challenges from five small businesses as well as 12 U.S. States. A toy manufacturer will also be bringing a separate case. Arguments will be held in the first week of Novembre. TRANSGENDER SPORTS PARTICIPATION On July 3, the court decided to hear Idaho and West Virginia's bid to enforce state laws that prohibit transgender athletes in female sports teams of public schools. This is another civil rights challenge against Republican-backed restrictions for transgender individuals. Idaho and West Virginia appealed lower court decisions siding with transgender plaintiffs. Plaintiffs argued the laws discriminate based upon sex or transgender status, in violation of U.S. Constitution 14th Amendment equal protection guarantee and Title IX civil right statute which prohibits sex discrimination in schools. The arguments have not been scheduled. CAMPAIGN-FINANCE On June 30, the court agreed to hear a Republican challenge, based on free speech grounds, to a federal campaign finance provision that limits spending by parties in coordination and cooperation with candidates for office. The case involved Vice President JDVance. Vance and two Republican committees, both of whom were running for U.S. Senate at the time the litigation started, appealed the ruling by a lower court that upheld the restrictions on how much money political parties could spend on campaigns, with the input of candidates they supported. The question is whether the federal restrictions on coordinated campaign expenditures violate First Amendment protections against government abridgment. The arguments have not been scheduled. GAY "CONVERSION THERAPEUTY" The Justices agreed on March 10 to hear a Christian Therapist's challenge to a Democratic Colorado law that bans "conversion therapy", which is intended to change a child's sexual orientation. Kaley Chiles, a licensed counselor, appealed the decision of a lower court that rejected her claim that a 2019 statute violated the First Amendment by censoring her communications with her clients. The state claims it regulates professional conduct and not speech. Chiles, a Colorado-based Christian therapist who believes that "people flourish when they live in accordance with God's plan including their biological gender," according to court documents. Arguments will be held on October 7. CRISIS PREGNANCY COUNTER The court agreed on June 16 to reconsider reviving the operator of a New Jersey crisis pregnancies center's attempt to stop the Democratic-led attorney general's investigation into whether the Christian faith based organization misled women to believe it offered abortions. First Choice Women's Resource Centers has appealed the ruling of a lower court that said the organization had to contest the attorney general's summons in state court prior to bringing a lawsuit against it. Crisis pregnancy centers offer services to pregnant women in order to prevent them from getting an abortion. Abortion rights activists have criticized them for not advertising their anti-abortion position. First Choice argues that it has the right to take its case to federal court, because it alleges a violation of First Amendment rights for free speech and freedom of association. The arguments have not been scheduled. RASTAFARIAN INMATES The Justices took up on June 23, a Rastafarian's lawsuit against state prison officials in Louisiana for holding him down and shaving him bald, in violation of their religious beliefs. Damon Landor's religion dictates that he let his hair grow. He appealed the decision of a lower court to dismiss his lawsuit filed under a U.S. statute protecting against religious infringements by state and local government. Landor was not allowed to sue officials individually for damages under this law, according to the lower court. The law in question protects religious rights for people who are confined in institutions like prisons and jails. The arguments are scheduled for 10 November. DEATH ROW INMATES The court decided on June 6 to hear the appeal of Alabama officials against a ruling that an Alabama man convicted of murder in 1997 was intellectually disabled. This finding spared him the death penalty, but the Republican-led state is still pushing to execute him. According to the lower court's analysis of Joseph Clifton Smith's IQ scores and expert testimony, he was deemed intellectually disabled. According to a Supreme Court precedent from 2002, the Eighth Amendment's prohibition on cruel and unjust punishment is violated by executing a person with intellectual disabilities. The arguments have not been scheduled. Arguments will be held on November 4. LOUISIANA ELECTORAL DISTRECTS The court will again hear arguments in a dispute involving a Louisiana election map that increased the number of U.S. Congress districts with a majority of Black people in the state. The court announced on August 1, that it would assess the legality a key component in the landmark Voting Right Act. This could give its conservative majority the chance to eliminate a provision that was enacted 60-years ago to prevent racial bias when voting. Justices heard arguments on March 24, but ordered on June 27 that the matter be debated again. State officials and civil right groups appealed an earlier court ruling which found that the map of Louisiana's six U.S. House of Representatives district - now with two Black majority districts instead of one - was in violation of the Constitution's equal protection promise. Arguments will be held on October 15. COX COMMUNICATIONS PIRACY VERDICT On June 30, the justices took up a dispute over copyright between Cox Communications, an internet service provider, and a group music labels. This was in response to a court decision that had thrown out a $1 Billion jury verdict against Cox Communications for alleged music piracy by Cox users. Cox Communications appealed the lower court decision that it remained liable for any copyright violations by its customers despite the decision to overturn the jury verdict. Sony Music, Universal Music Group, and Warner Music Group are among the labels. The arguments have not been scheduled. CHEVRON & EXXON COASTAL POLLLUTION On June 16, the court agreed to hear an application by Chevron and Exxon Mobil, as well as other oil and gas firms to move lawsuits filed by two Louisiana municipalities accusing them of damaging the state's coastline over a decade-long period to federal court. The companies appealed the lower court's decision rejecting their claim that the lawsuits should be heard in federal court, because the parishes Plaquemines & Cameron were suing for oil production undertaken during World War II to fulfill U.S. Government refinery contracts. Federal court is viewed as a more friendly venue for such litigation. Arguments have not been scheduled. ENBRIDGE PIPELLINE DISPUTE On June 30, the justices decided to hear Enbridge’s request to change the venue of Michigan’s lawsuit to force the Canadian pipe-line operator to cease operating a line beneath the Straits of Mackinac (waterways connecting two of the Great Lakes) due to environmental concerns. Enbridge appealed the lower court's decision rejecting its request to transfer the case from state to federal court. Federal court is considered to be more favourable to defendants. The arguments have not been scheduled.
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Conservative influencer Charlie Kirk killed at Utah University event
Trump confirmed that U.S. right wing activist Charlie Kirk, a prominent ally of Donald Trump, had been fatally shot Wednesday in the neck at an event held at a Utah University. "The great, and even legendary, Charlie Kirk is dead. Charlie Kirk was the only person who truly understood the youth of the United States of America. Trump posted on Twitter that he was loved and respected by all, but especially me. He is now no longer among us. A spokesperson for the university said that police do not have any suspects in custody. The school reported earlier that someone was detained. Social media clips show Kirk addressing an outdoor crowd on the Utah Valley University Campus in Orem (Utah) when a loud sound that sounded similar to a gunshot was heard. Kirk moved his hands toward his neck when he fell from his chair. This sent the audience running. Kirk's blood is seen flowing from his neck in another clip. The authenticity of these videos has not been confirmed. Kirk and Turning Point USA - the largest conservative youth group in the United States - played a major role in driving the support of young voters for Trump during the November election. Kirk's Wednesday appearance was the first of 15 planned "American Comeback Tours" in universities across the country. Kirk would often use such events to invite students to debate him in person. Kirk sat at a table he called "Prove Me Wrong", where he would take questions from the crowd. ""WE. ARE. SO. BACK. Kirk wrote ahead of the event that Utah Valley University was "FIRED UP" and "READY" for the first stop on the American Comeback Tour. Kirk was credited by Trump for his success in attracting younger voters, as well as voters of color. Trump told a crowd in Phoenix, Arizona in December that "You had Turning Point’s grassroots armies." "It is not my victory. It's yours." Kirk was followed by 5.3 million people on X. He also hosted a popular radio and podcast program called "The Charlie Kirk show." Kirk co-hosted Fox & Friends on Fox News. He was a part of a network of conservative influencers who were pro-Trump, including Jack Posobiec and Laura Loomer. They helped to promote the agenda of President Trump. Kirk was known for his provocative attacks on the mainstream media, and culture wars around race, immigration and gender. The motive of the shooting remains unknown. However, the United States has been experiencing its longest period of political violence in the past 40 years. Since January 6, 2021, when Trump supporters attacked the U.S. Capitol, more than 300 violent political acts have been documented. Trump was hit by a bullet from a gunman in July 2024 during a campaign rally in Butler, Pennsylvania. Federal agents foiled a second assassination two months later. An arsonist set fire to the Pennsylvania Governor Josh Shapiro’s home in April while his family was still inside. A gunman impersonating a Minnesota police officer shot and killed Senator John Hoffman, his wife and state legislator Melissa Hortman earlier this year. In Boulder, Colorado, an attacker used Molotov cocktail and a homemade flamethrower to attack a support event for Israeli hostages. One woman was killed and at least six others were injured. Following the shooting, both Republican and Democratic politicians showed their support for Kirk. Kirk's close friend, Vice President JDVance, wrote, "Eternal Rest grant him, O Lord." Gavin Newsom, Democratic Governor of California, said on X that the attack on Charlie Kirk was disgusting, vile and reprehensible. "In the United States of America we must reject all forms of political violence." As the news of the shooting spread, White House staff, many of whom were young and fans of Charlie Kirk, wore a sad expression. Reporting by Brad Brooks; writing by Joseph Ax, editing by Paul Thomasch, Rosalba o'Brien and Rosalba Thomasch; reporting by Helen Coster; Jasper Ward; Jim Oliphant; Andrea Shalal; Andrew Hay; Jana Winter; and Julia Harte.
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US lawmakers ask Trump to cancel the plutonium fuel project over concerns about proliferation
Democratic U.S. legislators on Wednesday called for President Donald Trump's cancellation of a plan that would make surplus plutonium derived from Cold War era atomic weapons available to nuclear power operators as fuel, citing a proliferation threat. In May, Trump signed executive orders that directed the government to stop a large part of its current program to dilute plutonium and dispose of it and to instead use it as fuel for advanced nuclear technology. The administration announced last month that it would make about 20 metric tonnes of plutonium, which was derived from decommissioned nuclear warheads, available as fuel for potential reactors. Why it's important Plutonium, a material fissile, could be used to create nuclear weapons by militants. It is unlikely, but possible. The lawmakers claim that transferring government-held plutonium into private industry will increase the risk of nuclear weapon proliferation throughout the world. The reasoning is that if the U.S. uses old plutonium for reactors, it can't effectively deter other countries from using their own plutonium. Supplies of this material can be created by reprocessing nuclear waste. KEY QUOTE "Trump wants enough plutonium to make 2,000 atomic weapons and give it to the private sector just to please his wealthy buddies," said Senator Edward Markey who, along with two Democrats from the U.S. House of Representatives, signed the letter. "He could just as easily sell nuclear weapons at Costco. We know who to blame if this material turns up in Iran. The White House didn't immediately respond to an inquiry for comment. Trump's executive order also called for the halting of the government program to dispose surplus plutonium through diluting and burying. Supporters of the use of radioactive plutonium say that militants could harm themselves if they handled it, and only nuclear workers are qualified to handle it safely. (Reporting and Editing by Marguerita Chôy)
United States, Canadian business begin 2024 with layoffs
Companies in the United States and Canada have started 2024 with countless task cuts throughout sectors, indicating that the spate of layoffs seen in 2023 might continue as they scramble to check costs.
While hopes of a soft landing have grown in recent months, companies continue to be cautious as the outlook on rate cuts by the Federal Reserve remains uncertain.
Here is a photo of task cuts announced up until now in 2024:
INNOVATION
* Amazon's job cuts consist of less than 5% of employees at Buy with Prime unit, 5% at audiobook and podcast division Audible, a number of hundred in streaming and studio operations, 35% at streaming system Twitch, a few hundred at health care units One Medical and Amazon Pharmacy. It also revealed layoffs at Amazon Web Solutions (AWS) affecting several hundred functions in sales, marketing, and international services and a few hundred roles in the physical shops innovation group.
* Layoffs at Alphabet include lots at the department for developing brand-new technology X Lab, hundreds in the advertising sales team, hundreds throughout teams, including the hardware group responsible for Pixel, Nest and Fitbit, and a. majority in the enhanced reality group.
* Microsoft is cutting around 1,900 tasks at gaming. divisions Activision Blizzard and Xbox.
* IBM prepares to lay off some employees in 2024 but. will work with more for AI-centered roles.
* E-commerce company eBay prepares to cut about 1,000. functions or around 9% of its workforce.
* Videogame software supplier Unity Software application to cut. about 25% of labor force, or 1,800 jobs.
* DocuSign strategies to lower its labor force by about. 6%, or 400 workers, with a bulk in its sales and marketing. organizations.
* Snap strategies to cut around 528 tasks or 10% of its. global workforce.
* Salesforce is laying off about 700 employees, or. roughly 1% of its international labor force.
* Network giant Cisco is preparing to restructure. its company which will consist of laying off countless. workers.
* Self-governing automobile innovation business Aurora Innovation. lays off 3% of labor force.
* Canada's BlackBerry plans more layoffs, in. addition to about 200 job cuts in the previous quarter.
* Satellite radio company SiriusXM plans to lower. workforce by about 3%, or about 160 functions.
* Bumble is set to get rid of 350 jobs or about 30%. of its workforce.
MEDIA
* Walt Disney's Pixar Animation Studios is set to. cut tasks as the studio has completed production on some shows.
* Comcast-owned British media group Sky prepares to. cut about 1,000 tasks throughout its businesses this year.
* The Los Angeles Times prepares to lay off 94 journalists.
* Paramount Global is preparing to carry out an. unspecified number of layoffs.
* Service Insider prepares to lay off around 8% of its personnel.
* Bell Canada prepares to slash 4,800 jobs.
FINANCIAL SERVICES
* PayPal Holdings is preparing to cut about 2,500. tasks, or 9% of its worldwide labor force this year.
* Payments firm Block Inc has actually started to cut. unspecified jobs.
* Citigroup is planning to minimize its headcount by. 20,000 people over the next 2 years. It has actually announced plans to. slash 716 functions in New york city towards that target.
* Investment banking giant Morgan Stanley is planning. to cut numerous tasks in its wealth management unit, an individual. familiar with the matter informed , adding that the cuts will. effect less than 1% of the division's workers.
* Exchange operator Nasdaq prepares to slash hundreds. of jobs as it integrates fintech company Adenza into its service.
* Asset manager BlackRock is set to cut about 3% of. its labor force however anticipates a larger headcount by the end of 2024.
CONSUMER AND RETAIL
* The world's biggest merchant Walmart plans to cut. hundreds of jobs at its home office and move a. bulk of its U.S. and Canada-based remote workforce to 3. offices.
* Cosmetics giant Estee Lauder plans to cut 3% to 5%. of its worldwide workforce.
* Wayfair plans to lay off 1,650 staff members, or about. 13% of its labor force.
* U.S. outlet store chain Macy's is cutting 2,350. tasks, closing five stores.
* Levi Strauss & & Co is preparing to slash 10% -15% of. global business tasks.
* Hershey's restructuring strategy will impact less than. 5% of its labor force.
* Nike will cut about 2% of its total workforce, or. more than 1,600 jobs, as the sportswear giant looks to cut expenses. after flagging weaker revenues this year.
HEALTH
* Novavax is cutting about 12% of labor force.
MANUFACTURING
* Defense professional Lockheed Martin is planning to. cut 1% of its jobs.
* United Parcel Service prepares to cut 12,000 jobs to. cut costs.
NATURAL RESOURCES
* U.S. miner Piedmont Lithium cuts 27% of workforce. in the cost-cutting plan.
* Canadian oil and gas pipeline company TC Energy has. laid off a few of its employees as part of a previously revealed. plan to integrate its natural gas pipeline systems.
* Canada-based crude pipeline operator Enbridge. stated it would reduce its workforce by 650 tasks, or 5%, in a quote. to cut expenses.
CAR MANUFACTURERS
Electric automaker Tesla will
lay off
more than 10% of its global labor force, an internal memo. seen on Monday shows, as it faces falling. sales amidst a magnifying price war for electrical vehicles.
(source: Reuters)