Category: PMN Business

May 22

Carney Says Canada, US Are in ‘High Level’ Talks on Golden Dome Defense System

Since the 1950s, Canada and the US have had a joint air defense system known as the North American Aerospace Defense Command, or Norad. In 2022, Canada unveiled a C$38.6 billion ($27 billion) long-term plan to contribute to a modernized Norad. That funding includes a new Australian-developed radar system to detect incoming missiles, announced by […]
May 19

Developer to resume NY offshore wind project after Trump administration lifts pause

Equinor President and CEO Anders Opedal thanked President Donald Trump for allowing the project to move forward, saving about 1,500 construction jobs and investments in U.S. energy infrastructure. He also expressed appreciation to New York’s governor, New York City’s mayor, members of Congress and labor groups, as well as Norwegian officials who worked to save […]
May 18

Chinese Trader Who Made $1.5 Billion on Gold Builds a Giant Bet on Copper

He accelerated his purchases from early January, for his own investment and with managed funds, with Zhongcai holdings reaching a peak near 40,000 lots, or 200,000 tons of the metal, in early April, before Trump began his escalation of tariffs, exchange data shows. He later moved some of the brokerage’s positions to CME Group’s Comex, to capture US turbulence, […]