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Reuters exclusively reported that Saudi Arabia’s Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a […]
The post Saudi wealth fund holding talks to create boxing league appeared first on Reuters News Agency.
Reuters exclusively reported that Qatar’s sovereign wealth fund has agreed to buy a 10% stake in China’s second-largest mutual fund […]
The post Qatar sovereign fund agrees to buy 10% stake in China asset manager appeared first on Reuters News Agency.
Reuters exclusively reported that Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June […]
The post Saudi Arabia plans Aramco share sale as soon as June appeared first on Reuters News Agency.
Reuters reported first Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in […]
The post Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi appeared first on Reuters News Agency.
Reuters exclusively reported that the United Arab Emirates will tender shortly for the construction of a new nuclear power plant […]
The post UAE planning second nuclear power plant appeared first on Reuters News Agency.
Reuters exclusively reported that Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine […]
The post Gulf oil giants Saudi Aramco, Adnoc set sights on lithium appeared first on Reuters News Agency.
Reuters exclusively reported that trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana […]
The post Traders face $1 bln loss on faltering Ghana cocoa supply appeared first on Reuters News Agency.
Reuters was first to report that Ghana had reached an agreement in principle with its bondholders to restructure $13 billion […]
The post Ghana reaches deal in principle with bondholders on $13 bln debt appeared first on Reuters News Agency.
Reuters exclusively reported that Ivory Coast’s cocoa regulator plans to implement a reform of the domestic cocoa marketing system that […]
The post Ivory Coast cocoa regulator targets intermediary buyers in sector reform appeared first on Reuters News Agency.
Reuters exclusively reported that Ghana, the world’s second largest cocoa producer, is looking to delay delivery of up to 350,000 […]
The post Ghana to delay more cocoa deliveries as supply crisis worsens appeared first on Reuters News Agency.
A Reuters analysis of lending, investment and trade data revealed that China’s flagship economic cooperation program is bouncing back after […]
The post Post-COVID, China is back in Africa and doubling down on minerals appeared first on Reuters News Agency.
Reuters exclusively reported that the mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority […]
The post UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive appeared first on Reuters News Agency.
Reuters was first to report that a meeting of top OPEC+ ministers kept oil output policy unchanged including a plan […]
The post OPEC+ sticks to oil policy, repeats could pause Oct hike appeared first on Reuters News Agency.
Reuters exclusively reported that Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth to […]
The post Some investors demand change at LVMH after probe into Dior contractors appeared first on Reuters News Agency.
Reuters exclusively reported that German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, a move […]
The post Bosch weighs offer for appliance maker Whirlpool appeared first on Reuters News Agency.
Reuters was first to report that Norwegian pipeline operator Gassco suffered an outage of gas exports to Britain that pushed […]
The post Norway gas flow to Britain resumes after repair appeared first on Reuters News Agency.
Reuters exclusively reported that Arm Holdings aims to gain more than 50% of the Windows PC market in five years […]
The post Arm aims to capture 50% of PC market in five years, CEO says appeared first on Reuters News Agency.
Reuters exclusively reported that U.S. investment firm KKR was set to secure unconditional EU antitrust approval for its up to 22-billion-euro […]
The post KKR wins EU approval for Telecom Italia deal appeared first on Reuters News Agency.
Reuters was first to report that Venezuela is close to approving a license for Shell (SHEL.L) and the National Gas […]
The post Venezuela close to approving offshore gas license with Trinidad, Shell appeared first on Reuters News Agency.
Reuters was first to report that state firms from Iran and Venezuela are soon to start a 100-day revamp of […]
The post Reuters first to report that Iran to start revamp at Venezuela’s largest refining complex within weeks appeared first on Reuters News Agency.
Citing an unpublished report, Reuters exclusively reported that Chile’s mining regulator Cochilco was forecasting far slower growth in copper production over the […]
The post Reuters exclusively reveals Chile copper output growth to slow as mining projects face delays appeared first on Reuters News Agency.
Reuters was first to report that Latin American e-commerce and fintech firm MercadoLibre was in talks with Meta to process payments for […]
The post Reuters reveals Latin American e-commerce and fintech firm MercadoLibre in talks with WhatsApp on business messaging payment appeared first on Reuters News Agency.
Reuters exclusively revealed that Mexico’s energy ministry tried to block the publication of stricter rules on natural gas flaring, saying […]
The post Reuters reveals to protect Pemex, Mexico’s energy ministry tried to block stricter flaring rules appeared first on Reuters News Agency.
Reuters exclusively reported that the government of Trinidad and Tobago is asking the U.S. to authorize Venezuelan gas imports to […]
The post Reuters reveals Trinidad asks U.S. to allow Venezuelan gas imports for LNG plant appeared first on Reuters News Agency.
Reuters exclusively reported that the United States and Vietnam are discussing the sale of Lockheed Martin C-130 Hercules military transport planes […]
The post US, Vietnam discuss supplying Hanoi with C-130 military transport planes appeared first on Reuters News Agency.
Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as […]
The post PwC weighs halving of China financial services audit staff appeared first on Reuters News Agency.
Reuters exclusively reported that India plans to spend $1 billion to expedite the construction of 12 hydropower stations in the […]
The post India races to build power plants in region claimed by China appeared first on Reuters News Agency.
Reuters exclusively reported that Indian labour officials visited a Foxconn factory in the country’s south this week and questioned executives […]
The post Indian officials visit Foxconn iPhone plant, question executives about hiring appeared first on Reuters News Agency.
Reuters exclusively reported that India’s markets regulator is considering a series of tweaks to its derivative trading rules as it […]
The post India regulator plans tweaks to address derivative trading risks appeared first on Reuters News Agency.
Reuters exclusively reported that Japan startup Timee, which operates a platform connecting workers seeking side gigs with labour-strapped businesses, is […]
The post Japan spot work startup Timee targets July listing appeared first on Reuters News Agency.
With Canada forecasting a hotter-than-average summer, environmental experts are warning Canadians should take extra notice of air quality because of the prospect of smoke from wildfires.
To help Canadians get an up-to-date picture of the quality of the air they're breathing in their communities, CTVNews.ca has created a tracker showing the current Air Quality Health Index conditions for 100+ locations across Canada.
You can click on a marker or search your location to view hourly forecasts for the day ahead. You can also click the "favourite" star to save your area for easy viewing on your next visit.
We also built a wildfire location tracker, which uses data from Environment Canada to show the location, size and status of wildfires happening now across Canada. Hover over a marker to see more information about a specific fire.
Click here to view the tracker
Thousands of homes and buildings were threatened Sunday by an out-of-control wildfire burning in the foothills of a national forest east of Los Angeles, amid a days-long heat wave that pushed temperatures into the triple digits across the region.
State firefighters said 8,733 structures were threatened, including single and multi-family homes and commercial buildings.
The so-called Line Fire was burning along the edge of the San Bernardino National Forest, about 65 miles (105 kilometres) east of LA. As of Sunday morning, the blaze had charred about 27 square miles (70 square kilometres) of grass and chaparral, leaving a thick cloud of dark smoke blanketing the area.
County officials declared an emergency Saturday evening.
“Extreme temperatures, wind and lightning strikes have allowed the fire to grow rapidly,” the county said in a statement.
Download the CTV News App for breaking news alerts and video on all the top storiesMore firefighters were expected to arrive Sunday. State officials said vegetation is critically dry in the area and temperatures reached more than 100 degrees (39 degrees Celsius) on Saturday with relative humidity dipping to provide ideal conditions for fire growth.
The fire began Thursday evening, and the cause is under investigation.
About 500 firefighters were battling the blaze, supported by water-dropping helicopters that hovered over homes and hillsides, along with aircraft.
The fire produced coiling clouds of dense smoke, and flames could be seen cresting hillside ridges.
No injuries were reported, and no homes or other structures had been damaged or destroyed.
Follow the CTV News channel on WhatsAppThe U.S. National Weather Service said downtown Los Angeles hit a high of 112 degrees Fahrenheit (44 Celsius) Friday, which marked the third time since 1877 that a temperature that high has been reached there.
The Canadian National Railway must pay the B.C. government $16.2 million for causing a destructive 2015 wildfire in the Fraser Canyon, the province's highest court has ruled.
B.C.'s fire manager determined the approximately 2,400-hectare blaze was sparked as a result of illegal rail cutting near Lytton – the community that would be devastated by another wildfire six years later – and ordered CN Rail to reimburse the province for lost land value, firefighting costs and other expenses in 2018.
The company accepted responsibility for accidentally igniting the flames during a period of high winds and extreme fire danger, but challenged the amount of the penalty, accusing the B.C. Wildfire Service of exacerbating the situation with a controlled burn that led to additional spread.
CN Rail's arguments were first rejected by the province's Forest Appeals Commission in 2020, then the B.C. Supreme Court in 2022, then the B.C. Court of Appeal last week.
"This dispute has been outstanding for almost nine years, and decisions have been rendered by three different decision-makers," Justice Janet Winteringham wrote in an Aug. 28 ruling, on behalf of the appeal court's three-judge panel.
"The commission reviewed the evidence tendered in considerable detail and explained why it made particular findings … The chambers judge, correctly, gave deference to the commission."
CN Rail's case focused on a June 17 controlled burn that lasted for weeks, scorching hundreds of hectares of land.
The company argued such an operation was unnecessary – and did not meet the definition of "fire control" under the province's Wildfire Act, which allows the government to claw back costs of "fire control" for wildfires caused by illegal activity.
CN relied on expert witness Gregory Guyan of California, who had never visited the Lytton area before giving his opinion, but suggested the controlled burn needlessly increased the size of the fire by one-third.
The operation was intended to prevent the fire from spreading further southward – something Guyan argued could have been accomplished by targeted suppression efforts on the southern flank instead.
The commission weighed his opinion against those of four people involved in the firefighting effort, including James Richardson, B.C.’s wildfire preparedness officer, who told the Forest Appeals Commission the burn “went perfectly,” and achieved the desired objective.
He noted the prevailing winds in the area shift over the summer months, and begin blowing from the north – which would have fanned the flames quickly, particularly given the hot and dry conditions.
Winteringham also pointed to testimony from Tim Ewart, a certified incident commander with the BCWS since 1996, who called Guyan's alternative suggestion for a direct attack unrealistic, given the challenging topography around the flames and the fire's extreme behaviour at the time.
The justice accepted CN’s position that the Forest Appeals Commission can assess "particular fire suppression strategies" when deciding whether the government is entitled to recover costs – but found it had done so while rejecting Guyan's opinion.
"The province’s witnesses explained why the ignition operation was necessary to control the fire. The commission accepted their explanation," the judge wrote.
"These witnesses were well-versed in forest fires in this complex terrain. Based on the evidence, the commission determined that the cost of the ignition operation and the resulting damage to resources was directly or indirectly caused by CN’s contravention."
Planet-warming emissions released by Canada's record-breaking 2023 wildfires were quadruple the country's fossil fuel emissions for the previous year, and were surpassed only by the three most high-emitting countries, a new NASA study has found.
The study published Wednesday in the journal Nature says only China, India and the United States release more carbon per year than Canada's 2023 wildfires did from May to September.
Lead author Brendan Byrne called the results "pretty shocking," and said they raised concerns about whether Canada's boreal forest can be relied on in the future to absorb more carbon than it emits.
"There's a concern that the more frequent fires could really limit the ability of the forest to take up carbon," said Byrne, a carbon cycle scientist at NASA's Jet Propulsion Laboratory in California.
The study says extreme hot and dry conditions helped drive wildfires that burned through four per cent of Canada's forest area and led to the evacuation of 232,000 people.
Climate models project that those conditions may become normal by mid-century and lead to increased fire activity.
That raises questions about one of humanity's important allies in the fight to slow climate change.
Canada's forests have long absorbed more carbon than they release and forests around the world are thought to absorb about 25 per cent of human-caused emissions. Increased fire activity, however, "will reduce the capacity of these Canadian forests to continue to act as a carbon sink," the study says.
Any reduction will then have to be reflected in global climate targets to limit global warming, Byrne said.
"If those ecosystems start releasing carbon, that's not something you really account for and it's not something that gets picked up in the Paris Agreement's commitments to reduce emissions," Byrne said.
How Canada accounts for wildfire emissions has drawn the ire of environmental groups in recent years.
The study notes Canada does not count wildfire emissions toward its national greenhouse gas emissions, a decision that differs from United Nations guidelines. Those guidelines suggest countries should treat all carbon emissions on managed lands as human caused.
Instead, Canada treats wildfires as natural disturbances.
Environmental groups have argued that accounting obfuscates the forestry industry's climate impact. It is not charged with wildfire emissions but gets credited for emissions absorbed by forests once they are old enough to be harvested, even if they grew back after wildfires, the groups have argued.
Natural Resources Canada has said its forest sector reporting is backed by continuous scientific consultation and review.
In a shift this year, Canada's greenhouse gas inventory report to the United Nations did for the first time report that the forestry sector had been emitting more carbon than it absorbs. The government said the revised number was based off new estimates that showed the logging industry had harvested a smaller area than assumed before 1990.
Nature Canada, an environmental charity, has called the shift "meaningful," but said it still underreported emissions.
This report by The Canadian Press was first published Aug. 28, 2024.
Many Ukrainians fleeing the war in their home country came to Jasper to find a fresh start, but now they’ve been displaced again following the destructive wildfires that ravaged the town.
Of the approximately 5,000 Jasper residents forced from their homes by wildfires, roughly 100 of them were Ukrainians who came to the town in search of a stable home.
Now many of them were displaced yet again after their homes, jobs and belongings were destroyed.
The information you need to know, sent directly to you: Download the CTV News App Sign up for breaking news alerts from CTV News, right at your fingertipsIarema Pokotskyi moved to Canada with his wife and daughter in January. They left Ukraine in 2022 and spent time in Poland, Germany and Denmark before landing in Calgary.
“We’ve been trying to find a place where we can sit back and relax,” Pokotskyi said.
“But that ever-changing circle of places to stay, it was like you never basically feel like you belong somewhere.
“Coming to Canada, we wanted to have the feeling of being secure and to build our own life from scratch, again.”
After running into challenges finding an apartment and jobs in Calgary they decided to try to find a smaller community to live – which is when they discovered Jasper.
With some help from the community, they found an apartment and jobs and moved in on July 1.
“We sat back, we relaxed a bit, and we were like, ‘We like this place, let’s make it home,’” Pokotskyi said.
But three weeks later, they were forced to flee again. Pokotskyi said he was in disbelief when the initial evacuation messages started being sent out.
“We didn’t want to leave,” he said.
“When I was closing the door, I looked up at my daughter’s bike, some toys, and I had that bad feeling like it’s probably (the) last time.”
Their home was among the hundreds destroyed.
Olena Sevastyanova made Jasper her home two years ago. Now, she hopes she can return.
“My apartment where I lived, it has burned and all my things burned too,” Sevastyanova said.
“I love Jasper, it has my soul.”
Many of the Ukrainians initially found their way to Jasper thanks to Nancy Addison, a resident of the town.
“A lot of these Ukrainians, they’ve lost everything in Ukraine, and now they’ve lost everything again,” Addison said.
When the war began, she knew she wanted to find a way to help those who were displaced. So, she put up an ad offering a free room for a year and a job at the Bright Spot Family Restaurant.
After a successful first year, she decided to continue trying to find jobs and accommodations.
“That started me thinking, ‘Well there’s got to be other people who would be willing to do this too,” Addison said.
Through the initiative, Addison said they brought more than 100 Ukrainians to Jasper.
Addison was not in Jasper when the wildfires arrived, but she kept tabs on it through her family. She could only watch as the destruction began.
“For me, that’s my entire neighbourhood, my entire life of 35 years in that house with the history of my family, my four kids, my mother, my grandparents," she said.
“Everything’s gone and my husband and I only have two bags of clothing.”
Financial support for Jasper residents affected by the wildfires is set to end on Sept. 3.
Jasper’s director of recovery says conversations are ongoing with all levels of government to see what other supports can be provided.
The uncertainty is leaving the Pokotskyi family, and others, unsure about where to turn next.
“The lesson is learned: life can be unpredictable, and yes it can be hard, to rebuild, again, and again, and again,” Pokotskyi said.
A GoFundMe campaign has been set up to help the Pokotskyi family.
With files from CTV News Edmonton's Chelan Skulski
The northern Saskatchewan community of Southend is being ordered to evacuate due to wildfire.
Peter Ballantyne Cree Nation (PBCN) sent a Facebook alert to its members around 9 a.m., saying the nearby blaze was about one kilometre wide and spreading quickly due to strong winds.
“The highway is temporarily open for one-way traffic out of Southend only. Entry into Southend is restricted to essential services,” the post said.
“The safety and well-being of our community members are our highest priorities, and we ask everyone to follow the evacuation instructions carefully.”
Outgoing evacuees were asked to register for support services using a QR code provided by the Red Cross, while Elders and those with high needs were directed to the community health centre for guidance.
PBCN also handed out gas vouchers for the local fuel station in Southend.
Get the CTV News app for Saskatchewan breaking news alerts and top storiesResidents were encouraged to pack essentials like ID, medications, diapers, formula, food and water for two to three days, and clothing and personal items “for an extended stay.”
Southend, located about 600 kilometres northeast of Saskatoon, is home to around 1,100 people.
Evacuees are expected to meet with volunteers at a registration point in La Ronge to connect with the Red Cross for transportation and temporary shelter.
Anyone choosing to stay in Southend despite the evacuation order must sign a waiver indicated their refusal, PBCN says.
“We understand this is a challenging situation, and we appreciate your cooperation and preparedness.”
This is the second community of PBCN members evacuated this month because of encroaching forest fires.
Residents of Sandy Bay, located south of Southend near the Manitoba border, were forced from their homes on Aug. 13.
According to the Saskatchewan Public Safety Agency, there were 71 active fires in the province as of Wednesday, including eight that were uncontained.
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