FRANKFURT — The Latest on the European economy (all times local): 1:05 p.m. A closely watched survey suggests the eurozone economy continued to grow at a solid pace in April but that the pace of expansion has eased in recent months. Financial information company IHS Markit says its composite purchasing managers’ index — a gauge […]
(TSX-V: SDZ) (OTCQB: SDEV) Security Devices International Inc. (“SDI” or the “Company”) announces the signing of a Letter of Intent (“LOI”) with the King Abdullah II Design and Development Bureau (“KADDB”), the Hashemite Kingdom of Jordan. The LOI was formalized to establish a partnership between SDI and KADDB to open a production line in Jordan […]
Acerus Pharmaceuticals Corporation (TSX:ASP) (“Acerus” or the “Company”) announced today that it has received an additional $2 million under its secured term credit facility with Quantius Inc. (the “Quantius Facility”). This additional $2 million represented the second tranche of the $5 million Quantius Facility entered into late in 2017 and was conditional on Acerus achieving […]
If the best minds at Finance can’t agree on who will be affected and how much they will owe, God help us when this falls to the CRA: CFIB
ATHENS, Greece — Greece has beaten its bailout budget targets for a third successive year and eased its massive debt burden by a fraction as the country prepares to exit its international rescue program in four months. The country’s independent statistics agency on Monday reported long-awaited data for 2017 that will affect ongoing negotiations between […]
Panasonic Corporation announced it has kicked off a project for people living in off-grid areas that combines educational activities to promote understanding of electricity and provision of the company’s related products. The Off-grid Solutions Project is part of Panasonic’s corporate social responsibility initiatives, celebrating the centennial of the company’s founding this year. #Panasonic started a […]
BRUSSELS — The European Union is opening an investigation to see if Italy was within its rights to give struggling airline Alitalia a $1.1 billion bridge loan last year. Alitalia was placed under bankruptcy protection last May and received 900 million euros in loans from the authorities to keep operating until a sale could be […]
BERLIN — Germany’s Fresenius and U.S.-based pharmaceutical manufacturer Akorn Inc. are at odds over the German company’s decision to terminate a more than $4.3 billion takeover agreement, citing alleged breaches of data integrity requirements. Fresenius said Sunday it would terminate the year-old deal to acquire Akorn, based in Lake Forest, Illinois, citing its “failure to […]
BERLIN — Former New York City Mayor Michael Bloomberg is donating $4.5 million to the United Nations body that oversees climate change negotiations. Bloomberg, who has long championed the fight against global warming, will make up the shortfall in the agency’s budget caused by U.S. funding cuts. Congress cut funding for the Bonn, Germany-based UNFCCC […]
TOKYO — Major Japanese construction company Shimizu Corp. has developed robots that can weld, lift and bolt for use at building sites. The company on Monday demonstrated robots that can pick up a pile of boards and take them to an elevator. It says the Robo-Welder and Robo-Buddy, with twisting mechanical arms, will be deployed […]