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☆ Canada sends military to help battle blazes in Nova Scotia
▼ + stars: | 2023-06-01 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

[1/2] Smoke from the Tantallon wildfire rises over houses in nearby Bedford, Nova Scotia, Canada, May 28, 2023. Nova Scotia is battling two large fires that are threatening communities on the outskirts of the provincial capital, Halifax. The armed forces would provide equipment and personnel to relieve firefighters "who have been working tirelessly around the clock to protect communities right across Nova Scotia", Blair said. The federal government sent the military to Alberta last month to help battle blazes there and Canada is also getting help from other countries. Some 800 U.S. firefighters have come to battle the blazes, mostly in Alberta, with another 100 are scheduled to arrive in Nova Scotia over coming days, officials said.

Persons: Eric Martyn, Bill Blair, Blair, Justin Trudeau, Steve Scherer, Anirudh Saligrama, Sharon Singleton, Robert Birsel Organizations: REUTERS, OTTAWA, CBC News, CBC, Twitter, Thomson Locations: Bedford , Nova Scotia, Canada, Nova Scotia, Halifax, Alberta, Quebec, Australia, New Zealand, South Africa

☆ Raging wildfire empties homes in eastern Canada, pollutes air in US
▼ + stars: | 2023-05-31 | by ( Eric Martyn | ) www.reuters.com time to read: +3 min

The fire, which is about 30 kilometres (19 miles) west of downtown Halifax, has already forced 18,000 people to evacuate their homes. No fatalities have been reported but about 200 homes, structures have been damaged, the CBC reported, citing the Halifax Regional Municipality. Forest fires also led to evacuations of about 400 homes in the province of New Brunswick over the weekend, officials said. "The stories and the images we're seeing coming out of Nova Scotia and New Brunswick are heartbreaking," Prime Minister Justin Trudeau told reporters in Ottawa, pledging federal support for the Atlantic provinces. The Halifax wildfire was expected to cause poor air quality hundreds of miles to the south in parts of the U.S. East Coast and Midwest as smoke drifts across the regions.

Persons: David Steeves, Justin Trudeau, what's, Brendan O'Brien, Ismail Shakil, Sriraj Kalluvila, Marguerita Choy, Deepa Babington Organizations: HALIFAX, U.S, Nova, Nova Scotia Department of Natural Resources, CBC, CBC News, U.S ., National Weather Service, Thomson Locations: Nova Scotia, Halifax, Canadian, Halifax Regional Municipality, New Brunswick, Ottawa, Atlantic, Bedford , Nova Scotia, West Bedford, Alberta, U.S . East Coast, Midwest, Michigan, Ohio, Pennsylvania , New Jersey, New York, Philadelphia, Chicago

☆ Eastern Canada's Halifax declares emergency over wildfire
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] Large plumes of smoke rise from a wildfire raging in the Upper Tantallon area, as seen from Hubley, Nova Scotia, Canada May 28, 2023 in this screen grab obtained from a social media video. Ben Britton/via REUTERSMay 28 (Reuters) - The eastern Canadian city of Halifax declared a state of local emergency late on Sunday after a wildfire caused evacuations and power outages. "Emergency responders are working around the clock to keep people safe and reduce the threats posed by the fires," the municipal authority in the capital of Nova Scotia province said in a press release. The state of emergency would be in effect for seven days, unless lifted or extended, the municipality said. Nova Scotia Power had temporarily disconnected power in the affected area, it said on Twitter.

[1/3] Smoke from the Tantallon wildfire rises over houses in nearby Bedford, Nova Scotia, Canada, May 28, 2023. REUTERS/Eric MartynHALIFAX, May 29 (Reuters) - A wildfire in the eastern Canadian city of Halifax led to mandatory evacuation orders for thousands of homes, with officials saying residents are not allowed to return until advised by municipal authorities. These suburban communities are home to many of the city's workers and are situated about 15 miles from Halifax. The wildfire, aided by strong winds and tinder-dry woods, damaged dozens of homes and also hampered rescue services. But most of those fires have since been brought under control, helping oil and gas production to resume.

NEW YORK, May 22 (Reuters) - A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc (HSBA.L) and Bank of Nova Scotia (BNS.TO) of conspiring to fix silver prices. U.S. District Judge Valerie Caproni in Manhattan said the investors lacked legal standing to pursue federal antitrust claims under the Sherman Act, or claims under the federal Commodity Exchange Act. Investors had accused HSBC, Scotiabank and Deutsche Bank AG (DBKGn.DE) of manipulating silver prices from 2007 to 2013, saying they had "smoking gun" evidence of a price-fixing conspiracy among those banks and several other silver market makers. The judge also said the investors were not "efficient enforcers" of their private antitrust claims, unlike people who might have sold silver at the Fix price. The cases is In re London Silver Fixing Ltd Antitrust Litigation, U.S. District Court, Southern District of New York, No.

☆ Kalinina hopes Rome run provides some comfort for Ukraine
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: +2 min

Kalinina's entire family is now in Kyiv following Russia's invasion of Ukraine -- which Moscow calls a "special military operation" -- but constantly face danger. "It's really important to win every match, because of what Ukraine goes through," Kalinina said after her 7-5 5-7 6-2 win on Friday. "I really hope that I give a tiny, small light, maybe some positive emotions for my country. So I really hope that Ukraine enjoys a little bit." It's no secret why I didn't shake, because this country attacked Ukraine," Kalinina said.

☆ Ukrainian firms venture abroad for growth as war hits home
▼ + stars: | 2023-05-19 | by ( Olena Harmash | ) www.reuters.com time to read: +6 min

The ongoing conflict has prompted several Ukrainian firms to focus abroad to reduce their reliance on a shrinking home market and to tap into the millions of people who have left. Ukraine, which had a pre-war population of about 40 million, has seen its domestic economy turned upside down, with corporate investments and growth now rare. "Our choice was to go to Poland, mainly because Poland hosts now the highest number of Ukrainians who fled from the war." In September, 8.5% of all companies opened in Poland had Ukrainian capital, compared with 0.8% in January 2022. "The main goal is to grow abroad much faster than we planned for ourselves in the pre-war period," Vovk said.

☆ Brazil investigates four more suspect cases of avian flu in wild birds
▼ + stars: | 2023-05-19 | by ( Ana Mano | ) www.reuters.com time to read: +2 min

SAO PAULO, May 19 (Reuters) - Brazil is investigating another four new potential cases of highly pathogenic avian influenza (H5N1) in wild birds, according to authorities from the state of Espirito Santo, where Brazil's first ever cases were confirmed this week. Detection among wild birds does not spark bans under WOAH guidelines. Espirito Santo is Brazil's third biggest egg producing state and Brazil is the world's biggest chicken exporter. The birds whose samples are now being processed were captured in the municipalities of Nova Venecia, Itapemirim, Linhares and Vitoria, Espirito Santo authorities said. Ipram is where the weakened shore birds were taken before Brazil announced its first cases of highly pathogenic avian influenza on Monday.

☆ I'm a volunteer firefighter — not a fireman. Here's what my job is like and why gender doesn't matter when saving lives.
▼ + stars: | 2023-05-16 | by ( Melissa Petro | ) www.businessinsider.com time to read: +6 min

Thompson hates when people call her a fireman, because "gender doesn't matter" when saving lives. I got to visit her fire department, as well as the fire school, and this experience sparked an interest in volunteer firefighting. When I first joined the fire service, an acquaintance joked: "I'm surprised they let women join the fire service. People will sometimes refer to me as a 'fireman,' which I absolutely hate"I'm not a fireman," I say in response. I've done a lot of training, and I've had to work extremely hard to get where I am today.

☆ Novavax lays off 25% of workforce, releases 2023 outlook
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

May 9 (Reuters) - Novavax (NVAX.O) said on Tuesday it will reduce its global workforce by 25% as the cash-strapped biotech pushes forward with its plans to slash expenses and navigate tepid demand for its COVID-19 vaccines. Separately, Novavax said its COVID/flu combination shot was safe and well-tolerated in a mid-stage study, sending shares of the company up 9% before the bell. For the first quarter, it reported a net loss of $293.9 million, compared with a year-ago profit of $203.4 million. The biotech expects the cost-cut plans to help reduce its annual research and commercial expenses by 20% to 25% from last year. The company had $637 million in cash and equivalents at the end of the quarter, compared with $1.3 billion as of Dec. 31.

☆ Novavax surges more than 25% after company unveils job cuts, positive vaccine data
▼ + stars: | 2023-05-09 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. The company's Covid vaccine is its lone marketed product after 35 years in business. The company reported R&D expenses of $258 million and SG&A expenses of $162 million last year. The company raced against Pfizer and Moderna to develop the first Covid vaccine early in the pandemic. Novavax's shot is the first Covid vaccine to use protein technology, a decades-old method for fighting viruses used in routine vaccinations against hepatitis B and shingles.

☆ Novavax says it is axing 25% of its workforce to cut costs
▼ + stars: | 2023-05-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Novavax is laying off 25% of its workforce to slash expenses, the biotech company said Tuesday. Still, the Maryland-based company said it’s focused on updating its Covid vaccine for the fall vaccine season, citing a modified US government agreement for up to 1.5 million additional doses of its Covid vaccine for delivery this year. Novavax expects its broader cost reduction plan, which also includes measures to consolidate facilities and infrastructure, to cut costs by 40% to 50% compared to the previous fiscal year. The US public health emergency is set to end on May 11, meaning Americans could have to start paying out of pocket for Covid testing and treatment. Novavax is the latest company to reduce its headcount to cut costs as companies brace for a possible recession and scale back their workforce after pandemic-era hiring sprees.

☆ Ukrainian drones strike Crimea oil depot, Russian official says
▼ + stars: | 2023-04-29 | by ( ) www.cnbc.com time to read: +4 min

A still image from a video shows smoke rising following an alleged drone attack on oil depot in Sevastopol, Crimea, April 29, 2023. A massive fire erupted at an oil depot in Crimea after it was hit by two of Ukraine's drones, a Russia-appointed official there reported Saturday, the latest in a series of attacks on the annexed peninsula as Russia braces for an expected Ukrainian counteroffensive. Mikhail Razvozhayev, the Moscow-installed governor of Sevastopol, a port city in Crimea, posted videos and photos of the blaze on his Telegram channel. Razvozhayev said the oil depot was attacked by "two enemy drones," and four oil tanks burned down. Razvozhayev said the oil depot fire did not cause any casualties and would not hinder fuel supplies in Sevastopol.

☆ How Russia has fortified parts of Ukraine ahead of a possible counteroffensive
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +11 min

A map shows all the locations in Russia, along its border with Ukraine, and in Russian-held Ukraine, where the American Enterprise Institute found any kind of fortification built by Russia. Four maps show when the fortifications built by Russian along its border with Ukraine and in Russia-held Ukraine were first spotted on satellite imagery. In December 2022 and January 2023, fortifications appeared inside Russian regions and more parts of occupied Ukraine. Russian forces have dug many such trenches along what they see as key roads and junctions, and outside strategic cities, Africk said. A zoomed-in map shows fortifications around several towns such as Tokmak, Bilmak and Mykhailivka, along plain terrain and along major roads in Russian-held Ukraine.

☆ Novartis CEO: Confident about continued sales growth for rest of year
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNovartis CEO: Confident about continued sales growth for rest of yearVas Narasimhan, CEO of Novartis, discusses the company's margin and sales growth, and expansion plans, as the pharmaceutical giant beats first-quarter expectations.

Insider asked four CEOs of fintech companies for advice they'd give immigrants who are new to the US. Compared to someone born and raised in the US, immigrants face unique challenges when meeting financial goals. Insider spoke with four CEOs in the fintech industry who are immigrants or children of immigrants. Here are their five tips for immigrants trying to gain financial footing in the US. He also suggests working with a credit union to set up multiple accounts — for example, a checking account for everyday expenses, a savings account for future goals, and another savings account for your emergency savings fund.

☆ Inquiry into Canada's worst mass shooting calls for police reforms, gun regulation
▼ + stars: | 2023-03-30 | by ( Ismail Shakil | ) www.reuters.com time to read: +3 min

OTTAWA, March 30 (Reuters) - Officials reviewing Canada's worst mass shooting called for police reforms, stricter gun safety regulations and better public communication on Thursday after an investigation found many shortcomings in authorities' response to the incident in 2020. The commission recommended increasing transparency and accountability for RCMP oversight, improving critical incident response capabilities, and focusing more on everyday policing practices. It is influenced by the United States discourse centred on a right to bear arms which does not exist in our constitutional and legal structure," the commission said. Canada has stricter gun laws than the United States, but Canadians can own firearms with a license. The commission recommended that federal and regional governments should adopt "legislation affirming that gun ownership is a conditional privilege."

☆ Ukraine withdraws report of Russian troop pullout from southern town
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

March 23 (Reuters) - Ukraine's top military brass on Thursday withdrew a report that wrongly said Russian troops had left the town of Nova Kahkovka in southern Kherson region, and blamed an error for the mistake. The general staff of the armed forces, in a rare retraction, said Russian troops remained in the town on the east bank of the Dnipro River. It said the initial report had been issued "as a result of incorrect use of available data" but gave no details. Vladimir Saldo, the Russian-installed governor of Kherson region, had earlier denied the report. Russian forces redeployed to the east bank of the Dnipro River last November after abandoning positions on the west bank in the face of a counter-offensive by Ukrainian troops.

The company — which has its COVID-19 vaccine as the only marketed product after 35 years in business — on Tuesday flagged significant uncertainty around its 2023 revenue, funding from the U.S. government, and pending arbitration with global vaccine alliance Gavi. Syringes with needles are seen in front of a displayed Novavax logo in this illustration taken, November 27, 2021. Novavax faces near-term risks as protein-based vaccines take longer to produce than mRNA-based competitors, Novavax CEO John Jacobs has said. "While there is the potential for a substantial booster market ... we don't expect Novavax to be a major player in the booster opportunity." As of last close, Novavax's U.S.-listed shares were down 97% from their February 2021 record high of $331.68.

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: China, stocks, retail
▼ + stars: | 2023-03-01 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

(See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

The stock had dropped 26.2% to $6.83 around 8:55 ET (13:55 GMT), while its Frankfurt-listed shares slumped more than 27%. The company - whose COVID vaccine is its only marketed product after 35 years in business - on Tuesday flagged significant uncertainty around its 2023 revenue, funding from the U.S. government, and pending arbitration with global vaccine alliance Gavi. Syringes with needles are seen in front of a displayed Novavax logo in this illustration taken, November 27, 2021. Novavax faces near-term risks as protein-based vaccines take longer to produce than mRNA-based competitors, Novavax CEO John Jacobs has said. As of last close, Novavax's U.S.-listed shares are down 97% from their February 2021 record high of $331.68.

☆ Covid vaccine maker Novavax says it may not survive
▼ + stars: | 2023-03-01 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

New York CNN —Novavax, which makes the Nuvaxovid vaccine used to treat Covid-19, posted huge sales gains for the past three years during the height of the pandemic. But the company is now facing serious financial challenges — and has even warned it may not be able to survive. Shares of Novavax (NVAX) plunged more than 25% in early morning trading to a new multi-year low of under $7. Novavax hit a 52-week high of about $91 last year and was trading above $330 in February 2021. Novavax isn’t the only Covid-vaccine maker to disappoint Wall Street, though.

☆ Novavax raises doubts about ability to remain in business, shares fall
▼ + stars: | 2023-02-28 | by ( Michael Erman | ) www.reuters.com time to read: +5 min

The company lost $182 million, or $2.28 per share, in the fourth quarter on weaker-than-expected sales of $357 million. Novavax's shares closed at $9.26 on Tuesday and fell to $6.90 in extended trading after reporting on its financial situation. "We're in the process of assessing the global footprint of Novavax, rationalizing our supply chain, rationalizing the portfolio and rationalizing the company structure and our infrastructure," he said. In the U.S., where the Novavax vaccine was authorized in July 2022, only around 80,000 of its shots have been administered. Jacobs said that while Novavax's vaccine may take longer to manufacture than its rivals from Pfizer (PFE.N)/BioNTech (22UAy.DE) and Moderna (MRNA.O), he believes FDA regulators want a protein-based option this fall for U.S. citizens.

☆ Canada's Scotiabank profit falls on capital market slump, provisions
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

Feb 28 (Reuters) - Bank of Nova Scotia (Scotiabank) (BNS.TO) reported a lower first-quarter profit on Tuesday, as a lull in its investment banking division dented income from its capital markets unit and compelled the Canadian lender to set aside higher provisions. Canada's central bank over the past 11 months has lifted interest rates at a record pace to 4.5% to tame inflation, which was 6.3% in December, still well above the bank's 2% target. Scotiabank booked provisions of C$638 million, up from C$222 million a year ago, as it braces for increased odds of more loan defaults in a rising interest rate environment. Canada's third-largest lender reported overall net profit of C$1.77 billion, or C$1.36 a share, compared with C$2.74 billion, or C$2.14 a share, last year. read more($1 = 1.3566 Canadian dollars)Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Novavax raises doubts about its ability to remain in business
▼ + stars: | 2023-02-28 | by ( Michael Erman | ) www.reuters.com time to read: +4 min

NEW YORK, Feb 28 (Reuters) - COVID-19 vaccine maker Novavax Inc (NVAX.O) on Tuesday raised doubts about its ability to remain in business and announced plans to slash spending as it works to prepare for a fall vaccination campaign. The company lost $182 million, or $2.28 per share, in the fourth quarter on weaker-than-expected sales of $357 million. "We're in the process of assessing the global footprint of Novavax, rationalizing our supply chain, rationalizing the portfolio and rationalizing the company structure and our infrastructure," he said. In the U.S., where the Novavax vaccine was authorized in July 2022, only around 80,000 of its shots have been administered. Jacobs said that while Novavax's vaccine may take longer to manufacture than its rivals from Pfizer (PFE.N)/BioNTech (22UAy.DE) and Moderna (MRNA.O), he believes FDA regulators want a protein-based option this fall for U.S. citizens.

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