
Gran Tierra Energy: Q1 Earnings Snapshot
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Gran Tierra Energy Inc. (GTE) on Thursday reported a loss of $19.3 million in its first quarter.
The Calgary, Alberta-based company said it had a loss of 54 cents per share.
The oil and natural gas company posted revenue of $170.5 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GTE at https://www.zacks.com/ap/GTE

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San Francisco Chronicle
an hour ago
- San Francisco Chronicle
Japanese frigate arrives in Australia as Tokyo bids for defense deal
NEWCASTLE, Australia (AP) — A state-of-the-art Japanese warship has arrived in Australia as part of a high-stakes campaign to secure a $6.5 billion contract to build the country's next fleet of general-purpose frigates. The JS Yahagi, a Mogami-class stealth frigate from Japan's Maritime Self-Defense Force, is docked in Darwin in Australia's Northern Territory in what appears a symbolic and strategic move aimed at strengthening defense ties with Australia and showcasing Japanese naval technology. Japan's bid, led by Mitsubishi Heavy Industries, was short-listed in November for the Royal Australian Navy's SEA 3000 frigate project and is competing against Germany's MEKO A-200 offered by Thyssenkrupp Marine Systems. Japan would jointly develop and produce the frigates for the Australian navy. Bolstering defense industry As part of its military buildup, Japan is pushing to strengthen its largely domestic defense industry by participating in joint development, including a next-generation fighter jet with Britain and Italy, and promoting foreign sales like the Mogami-class ships. In a sign of its commitment and heavy investment Japan has pledged to prioritize the RAN's order over its own naval procurement. The project not only serves to further deepen cooperation between Japan and Australia but also to enhance Japan's warship capabilities, Defense Minister General Nakatani has said. The Japanese Mogami-class design boasts advanced combat systems, anti-submarine and anti-air warfare capabilities, and mine countermeasure operations — all operated by a lean crew of around 90, helping to address ongoing recruitment challenges in the Australian Navy. The vessel's commanding officer, Tamura Masayoshi, said the ship's smaller crew was an aim of the Mogami-class ship. 'The Japanese Maritime Self-Defense Force thought we need stealth, and less people, and a little bit smaller ship,' Masayoshi told the Australian Broadcasting Corporation. Closer military ties The JS Yahagi's visit to Darwin comes amid intensifying strategic cooperation between Canberra and Tokyo, both of which have emphasized the importance of maritime safety and security of sea lanes. The frigate's arrival is also seen as a gesture of Japan's growing role in regional security and its desire to align more closely with key partners like Australia. In September 2024, Australia and Japan agreed to increase joint military training exercises to address shared concerns of China's incursions into Japanese airspace and territorial waters. Two months later, defense ministers from Australia, Japan and the U.S. held tripartite talks in Darwin to reaffirm their commitment to strengthening security ties and planning for joint military operations in northern Australia. —— Mari Yamaguchi in Tokyo contributed.


Hamilton Spectator
an hour ago
- Hamilton Spectator
Japanese frigate arrives in Australia as Tokyo bids for defense deal
NEWCASTLE, Australia (AP) — A state-of-the-art Japanese warship has arrived in Australia as part of a high-stakes campaign to secure a $6.5 billion contract to build the country's next fleet of general-purpose frigates. The JS Yahagi, a Mogami-class stealth frigate from Japan's Maritime Self-Defense Force, is docked in Darwin in Australia's Northern Territory in what appears a symbolic and strategic move aimed at strengthening defense ties with Australia and showcasing Japanese naval technology. Japan's bid, led by Mitsubishi Heavy Industries, was short-listed in November for the Royal Australian Navy's SEA 3000 frigate project and is competing against Germany's MEKO A-200 offered by Thyssenkrupp Marine Systems. The Australian Government is expected to select a preferred design later this year, with construction for 11 new vessels slated to begin the following year. Japan would jointly develop and produce the frigates for the Australian navy. Bolstering defense industry As part of its military buildup, Japan is pushing to strengthen its largely domestic defense industry by participating in joint development, including a next-generation fighter jet with Britain and Italy, and promoting foreign sales like the Mogami-class ships. In a sign of its commitment and heavy investment Japan has pledged to prioritize the RAN's order over its own naval procurement. The project not only serves to further deepen cooperation between Japan and Australia but also to enhance Japan's warship capabilities, Defense Minister General Nakatani has said. The Japanese Mogami-class design boasts advanced combat systems, anti-submarine and anti-air warfare capabilities, and mine countermeasure operations — all operated by a lean crew of around 90, helping to address ongoing recruitment challenges in the Australian Navy. The vessel's commanding officer, Tamura Masayoshi, said the ship's smaller crew was an aim of the Mogami-class ship. 'The Japanese Maritime Self-Defense Force thought we need stealth, and less people, and a little bit smaller ship,' Masayoshi told the Australian Broadcasting Corporation. Closer military ties The JS Yahagi's visit to Darwin comes amid intensifying strategic cooperation between Canberra and Tokyo, both of which have emphasized the importance of maritime safety and security of sea lanes. The frigate's arrival is also seen as a gesture of Japan's growing role in regional security and its desire to align more closely with key partners like Australia. In September 2024, Australia and Japan agreed to increase joint military training exercises to address shared concerns of China's incursions into Japanese airspace and territorial waters. Two months later, defense ministers from Australia, Japan and the U.S. held tripartite talks in Darwin to reaffirm their commitment to strengthening security ties and planning for joint military operations in northern Australia. Japanese marine units are also now included in annual training rotations of U.S. Marines in Darwin. —— Mari Yamaguchi in Tokyo contributed. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .


Business of Fashion
an hour ago
- Business of Fashion
The Independents Acquires Culinary Studio We Are Ona
Fashion communications conglomerate The Independents has acquired culinary studio We Are Ona. Founded in Paris in 2019 by chef and Noma alumnus Luca Pronzato, We Are Ona produces immersive dinners, including for Chanel, Balenciaga, Coperni, Alaïa and Saint Laurent. After working together on various projects for clients over the past few years, joining forces felt inevitable, said Independents co-founder and chief executive Isabelle Chouvet. 'We started to collaborate a lot and then it was natural that we had to officialise this union,' said Chouvet. '[Pronzato] is the only one doing what he's doing. He is able to push the boundaries of innovation, he is the only one who has the network of talents. He has the vision and understands the client's needs.' We Are Ona collaborates with artists like Willo Perron, who has staged shows for Beyoncé and Drake; Carsten Höller, known for his interactive installations; and Michelin-starred chefs including Dalad Kambhu and Mory Sacko. Beyond producing events for brands, the firm hosts pop-ups open to the public, most recently a restaurant experience featuring a dramatic, 100-feet-long sculptural lighting installation in New York's WSA Building with fashion show producer Alexandre de Betak (whose Bureau Betak was acquired by The Independents in 2021) in May. The set of a We Are Ona-produced dinner for Balenciaga. (Courtesy) Being under The Independents' umbrella will help We Are Ona continue expansion in the US (where it opened an office earlier this year), the Middle East and Asia, said Pronzato. This marks The Independents' first acquisition in the culinary space; it comes as foodie culture reaches a new zenith, and as food becomes an increasingly important tool fashion brands use to engage their customers. When it comes to food, fashion brands are raising the stakes — looking for high-production events that double as marketing moments: 'It's not only dinner to have a dinner, it's dinner to create a brand moment,' said Pronzato. 'These experiences can create an emotional link. When you sit at the table, the experience is different than when you buy a bag.' The acquisition is The Independents' third this year, and part of an ongoing spree that began in 2023 when it set its sights on doubling in size. In April, The Independents bought design studio 2x4 and in May, Paris-based documentary production company Terminal 9 Studios. Now, the company has over 20 agencies in its ranks and counts over 1,200 employees in offices across cities including Barcelona, Beijing, London, Los Angeles, Milan, New York, Seoul, Shanghai and Paris. Group revenue totalled $800 million in 2024, according to the company. Learn more: Why Food Is Everywhere in Fashion Advertising As foodie culture peaks and the cost of living rises, food is popping up more than ever in fashion imagery.