International

Headlines

Redistribution and innovation drive Canada’s changing economy

EVEN BEFORE Donald Trump and before Brexit, Justin Trudeau was aware that voter disenchantment and populism were on the rise. He saw one of the important answers to this as economic, and his remedy has been to give the middle class a pay rise. “Western democracies around the world had a struggling middle class…that felt that it wasn’t part of...

Canada’s indigenous peoples are claiming new rights and resources

“EDUCATION IS THE New Buffalo”, a sculpture formed from words in indigenous languages, is a focal point of Calgary’s new public library. Its message is that, just as bison once sustained indigenous people in North America, so education will secure their cultural survival. Such messages of support for Canada’s “First Nations” are everywhere....

The election in October will be a test of Canada’s liberal values

NAHEED NENSHI, Calgary’s ebullient mayor, says that when he was elected in 2010—becoming the first Muslim to lead a large North American city—only the foreign media brought up his religion. The local press never mentioned it. That changed when he ran for re-election for a third term in 2017. People “suddenly started talking about race and religion”,...

The environment is Canada’s biggest wedge issue

BURNABY MOUNTAIN in a suburb of Vancouver, British Columbia’s biggest city, is a tranquil spot which affords a spectacular view of the North Shore mountains. Yet the area around it is the site of Canada’s fiercest political battle, which pits environmentalists against the oil industry. The Liberal prime minister has been caught in the middle. At...

Canada is feeling lonely, but its place internationally is still strong

ON DECEMBER 1ST last year the Royal Canadian Mounted Police arrested Meng Wanzhou, the chief financial officer of Huawei, a Chinese telecoms firm, as she prepared to change planes at Vancouver’s international airport. Ms Meng is wanted in America on charges stemming from allegations that Huawei had tried to evade sanctions on Iran. She is under house...

Finance

Business Groups Warn of Peril as Trump’s Trade War Spirals

The latest whipsawing escalations in the United States’ trade war with China prompted a wide array of business organizations to warn over the weekend that American consumers and workers would soon be caught in the crossfire.It is now looking increasingly likely that few large American companies will be able to sidestep the toll exacted by the new...

Business Groups Warn of Consequences as Trump’s Trade War Spirals

The latest whipsawing escalations in the United States’ trade war with China prompted a wide array of business organizations to warn over the weekend that American consumers and workers would soon be caught in the crossfire.It is now looking increasingly likely that few large American companies will be able to sidestep the toll exacted by the new...

Iceland’s Purple Planes Are Grounded, and With Them, Its Economy

REYKJAVIK, Iceland — In retrospect, it was probably not a fantastic idea to leave Iceland’s economic fortunes tethered to an airline called WOW.Before it collapsed in March, WOW Air delivered more than one-fourth of all international visitors to this ruggedly spectacular island nation. Its credulity-straining fares — $199 round trip from New York...

Trump Faces a Stubborn Opponent in Fed’s Economic Experts

JACKSON, Wyo. — President Trump characterizes himself as a master deal maker who gets what he wants. But as he tries to pressure the Federal Reserve to lower interest rates, he is contending with a powerful opponent: technocrats.The Fed lowered borrowing costs in July amid mounting trade uncertainties, but it has refused to promise the kind of aggressive...

Nissan Got Rid of Carlos Ghosn. The Way It Did So May Prove Costly.

After the arrest last year of its chairman, Carlos Ghosn, Nissan has made a very public accounting of its management failures, from a lack of strong internal checks and balances to board meetings that lasted only 20 minutes.That frankness may play well with the Japanese public and with prosecutors, who have charged the company and Mr. Ghosn with financial...

Legal

Antitrust Division Acts to Reward Corporate Compliance

The Antitrust Division of the Department of Justice (“Division”) now considers a company’s compliance program at the charging and sentencing stages in a criminal antitrust investigation.  The Division incorporated these changes into the Justice Manual. The Division also published a guide for evaluating compliance programs under this new approach....

When it comes to Opioids, DOJ’s Gloves are Off

In a growing trend, the Department of Justice (DOJ) indicted two corporate executives and two licensed pharmacists for drug distribution. This is the second time in 2019 that DOJ acted to hold opioid distributors and manufacturers criminally liable for contributing to the drug crisis. 2019 Criminal Prosecutions The indictment alleges that an Ohio-based...

Updates on Data Protection in Poland

Data protection in Poland now includes an updated “black list” of operations requiring an impact assessment. Another action announces a controversial decision about privacy of license plate numbers.  In addition, a data breach manual is available. For fuller analysis see Magdalen Gad-Nowak’s article here in the Data Privacy &...

Italy Scores Anticorruption Own Goal

The Italian Government recently approved a bill known as the Spazzacorrotti, or “Bribe Destroyer.”  The anti-establishment Movimento 5 Stelle, or Five Star Movement, which took office after campaigning to tackle bribery, has been championing the bill as a “revolution in the fight against corruption” that would allegedly save the country billions...

DOJ Intervenes in False Claims Case Involving Copay Subsidies

The Department of Justice (DOJ) recently intervened in a False Claims Act (FCA) lawsuit involving allegations of kickbacks for prescription drug copays. The DOJ says the lawsuit makes “clear that the Department will hold accountable drug companies that pay illegal kickbacks to facilitate increased drug prices.” The DOJ “will not allow drug companies...

Deals

Seequent continues investment in innovative geoscience technology for world’s major resource challenges Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences

Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences Seequent, a world leader in the development of geoscience analysis, modelling and collaborative technologies, continues its investment in geoscience technology and innovation...

Qualitest announces investment from Bridgepoint for Majority Stake

World’s largest independent software testing and quality assurance company will use investment to accelerate global acquisition strategy and product development Qualitest, the world’s largest pure-play outsourced software testing and quality assurance specialist, announced today that Bridgepoint, an international private equity group, has...

Accountants reveal how AI will change deal-making - forever

The ability to predict and shape the long term success of global takeovers is often seen as the “holy grail” for CEOs, investors and their advisors. A new report from chartered accountancy body ICAEW and Drooms, a leading data solutions company, reveals that some key decision making may soon be taken away from humans and guided instead by the application...

US dominates global M&A securing nine out of ten of the largest 1H19 deals

Mergermarket publishes its Q2 2019 global report London, United Kingdom 2nd July 2019: Mergermarket, the leading provider of M&A data and intelligence, has published its Q2 2019 report in which all but one of the ten largest deals targeted US-based companies, six of which were the result of domestic consolidation. Amid heightened geopolitical...

Uber to acquire Careem to expand the greater Middle East regional opportunity together

Careem to become a wholly-owned subsidiary of Uber, operating as an independent company under the Careem brand and led by Careem foundersOpportunity for both companies to rapidly expand and capitalise on the region’s underpenetrated mobility opportunity and growing digital economy Transaction would be largest-ever technology industry transaction...

Acq Lite

At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners

EDITOR’S NOTE: This news is courtesy of iCopyright, so GNN has no control over the ads. Please remember we do not endorse the advertisements. The post At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners appeared first on Good News Network. Read More

Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives

Six lives were saved at a hospital this week, and it is all thanks to one woman's decision to “be selfless for a day”. The post Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives appeared first on Good News Network. Read More

10 Things I Wish I Would Have Told My Kids

Mindfulness is the ability to pay attention to your current experience—both the internal and external—without judgment. Practicing mindfulness allows us to make wiser choices and pursue healthier and more beneficial avenues in life. Had I learned them earlier in life, I would have taught my kids the valuable life lessons that I’ve gleaned from...

DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive

The nurse was stationed at his medical outpost 100 miles away from the nearest hospital when he realized that he was about to have a heart attack. The post DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive appeared first on Good News Network. Read More

Daily Dose of Cute: Dachshund Shows Off Skills by Maneuvering Maze of Plastic Water Bottles

If you’re mourning the end of the Winter Olympic Games in Pyeongchang, you might like these games of skill involving a long-haired Dachshund. Takao showed off his thinking abilities earlier this week when he successfully maneuvered a maze of plastic water bottles that was erected by his owner. In the videos posted to his Instagram page, the...