Spok: Q1 Earnings Snapshot
On a per-share basis, the Plano, Texas-based company said it had net income of 25 cents.
The communications services provider posted revenue of $36.3 million in the period.
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Politico
30 minutes ago
- Politico
Diplo blues
Welcome to Canada Playbook. Let's get into it. In today's edition: → Diplomats cut to the chase on incoming budget cuts. → MÉLANIE JOLY plays 'Let's Make a Deal.' → PIERRE POILIEVRE previews fall plans. DRIVING THE DAY MAKING THE CUTS — They've been told to cut — and keep cutting. The edict came in July from Finance Minister FRANÇOIS-PHILIPPE CHAMPAGNE. Federal departments were told to cut 7.5 percent from their budgets this year and find 15 percent worth of savings by 2028-29. That has Canadian diplomats wondering how that squares with Prime Minister MARK CARNEY's ambitions to position Canada as a global player in light of the disruptions caused by U.S. President DONALD TRUMP. — Remember: 'If we want the world of tomorrow to be shaped by our values, Canada must be ready,' the PM said at the NATO summit in The Netherlands. 'If we want a more secure world, we need a stronger Canada that works with our allies.' That implies diplomats — real Canadians doing that work on the ground in foreign countries. — Dear PM, more please: PAMELA ISFELD, president of the Professional Association of Foreign Service Officers, tells Playbook that there has been no direction from 'the center.' She says that before deputy ministers make their hit lists, Carney should share how he sees diplomats delivering on his vision. And she points out that it's 'bass-ackwards' to make cuts ahead of a broader national security review. — More with less: 'We're already doing a lot with a little,' she said. 'We already have embassies where there are only a couple of Canada-based staff.' — Case in point: Isfeld's last posting was Poland, starting 2012. Everything was going well until Russia invaded and annexed Ukraine's Crimean Peninsula two years later. It shook up the world while exposing staffing shortages at the Canadian embassy in Warsaw. 'I was the only Canada-based person in the political section. I had fantastic, locally engaged staff,' she recalled. '[But] they couldn't have the same security clearances that I could have.' — Dealing with GAC: Isfeld says management at Global Affairs Canada have been 'open and forthcoming' with her union about finding savings. The department has formed working groups. Both sides are doing surveys, soliciting suggestions. — GAC's response: Spokesperson CHARLOTTE MACLEOD said in an email that GAC is working on 'proposals' to meet its savings targets, but 'at this stage, no decisions have been made.' She declined an interview request on behalf of the department. — Keep the furniture: While it might be tempting to find cost savings by cutting offices and buildings, their importance can't be understated in certain missions, said Isfeld. — Being there: On a posting to Kenya in the 1990s, Isfeld saw how the boardroom of the High Commission in Nairobi allowed Canada to regularly convene people to talk about fair elections and development issues. 'We were not putting a lot of money into Kenya at the time, but we had a disproportionate influence because we were there,' she said. 'We showed up. We talked to people. We knew everybody.' THE ROOMS THAT MATTER — PM CARNEY has no public events on his itinerary. — Foreign Affairs Minister ANITA ANAND will meet with U.S. Secretary of State MARCO RUBIO in Washington at 9:45 a.m. — Saskatchewan Premier SCOTT MOE will meet federal Agriculture Minister HEATH MACDONALD to discuss Chinese tariffs on canola. The Canadian Press sets the scene. — Housing Minister GREGOR ROBERTSON joins Toronto Mayor OLIVIA CHOW for a 10:15 a.m. announcement 'regarding community infrastructure.' Want more POLITICO? Download our mobile app to save stories, get notifications on U.S.-Canada relations, and more. In iOS or Android . Trade war WAR BIZ — Canada has a new international salesperson-in-chief. And as she tries to lure more foreign investment to Canada, Industry Minister MÉLANIE JOLY is focused on doing her part to build a north of 49th military industrial complex. — The plan: Joly said Wednesday in Finland that she is working on a 'defense industrial strategy' with Defense Minister DAVID MCGUINTY and STEPHEN FUHR, the secretary of state for defense procurement. Beefing up Canada's defense sector will help meet NATO's spending target — 5 percent of GDP by 2035 — 1.5 percent of which can come from infrastructure, research, AI and other defense-industrial projects. — The rollout: Joly said the Business Development Bank of Canada will support companies that want to invest in defense. National Research Council Canada will focus on dual-use, civilian and military research. She also said the government will work with the Canadian Space Agency 'to make sure that its mandate is broader than only space exploration, but really working much more on the defense side as well.' Details will come in the federal budget, she said. — Next up: Joly said she will visit Lockheed Martin's F-35 headquarters in the United States in the coming weeks. Earlier this week, she visited Sweden's Saab — which produces a possible competitor to the American-made jet. McGuinty's internal review will determine which plane Canada should buy to fill out its future fighter jet fleet. — Tick tock: McGuinty told reporters on Aug. 11 that the decision 'is in the hands' of the Canadian Armed Forces and the Department of National Defense. 'They are, as operational experts, assessing and they'll have more to say,' he said. For your radar FALL FIREPOWER — PIERRE POILIEVRE is so back. Fresh from his by-election win, the Conservative leader previewed his fall agenda on Wednesday at a press conference in Surrey, British Columbia. 'We're not just going to oppose out-of-control Liberal crime, inflation, immigration, housing costs,' he said. 'We are going to propose real solutions.' Asked by a local radio reporter when Canadians could expect another election, Poilievre took aim at the PM. 'While he gets gushing media coverage for meetings and photo ops and grand announcements that have that amount to nothing, MARK CARNEY is one walking, talking, broken promise,' he said. 'Our job in the fall session will be … to hold him accountable.' Poilievre went further, accusing the PM of being sidelined on the world stage. 'He's not even invited to big international meetings, and Beijing's dictatorship now smells weaknesses,' he said. — In related reading: DAVID MOSCROP writes in Time: 'Poilievre said in July 'every election comes with lessons.' But his tone never shifted. He remained the same doctrinaire culture warrior.' And columnist ROBYN URBACK writes in the Globe: 'Canadians need effective opposition, and Mr. Poilievre is perhaps the most effective there is. He shouldn't abandon his strength for something pleasant yet inauthentic. He just needs to be a lot more serious about it.' ALSO FOR YOUR RADAR SANCTIONING THE ICC — The U.S. State Department sanctioned senior jurists at the International Criminal Court on Wednesday, arguing the judges are complicit in the persecution of Israel by the international war crimes tribunal. POLITICO's 'National Security Daily' newsletter reports: Secretary of State MARCO RUBIO said the sanctions against judges KIMBERLY PROST of Canada, NICOLAS GUILLOU of France, NAZHAT SHAMEEM KHAN of Fiji and MAME MANDIAYE NIANG of Senegal are necessary because the ICC 'is a national security threat that has been an instrument for lawfare against the United States and our close ally Israel.' The personal sanctions will limit the jurists' abilities to do business in the U.S. and freeze any assets they may have with U.S. financial institutions. The ICC said it 'deplores' the U.S. sanctions on its judges and prosecutors. 'Attacks on them by Russia, Israel and the U.S. are intended to weaken and intimidate the international legal system. They must not succeed,' said BOB RAE, Canada's ambassador to the United Nations. — In related reading: The Globe's NATHAN VANDERKLIPPE reports that the move complicates Canadian negotiations with the Trump administration. JOHN BOSCARIOL, an international trade lawyer with McCarthy Tétrault, told the Globe that the PM 'is going to have to be pretty careful here in how he responds.' MORNING MUST-CLICKS — Our colleagues in Washington and Europe report that the Pentagon's top policy official told a small group of allies this week that the U.S. plans to play a minimal role in any Ukraine security guarantees, 'one of the clearest signs yet that Europe will need to shoulder the burden of keeping lasting peace in Kyiv.' — JONATHAN MARTIN, POLITICO's senior political columnist, writes: 'If summer turns to fall and there's not even a bilateral meeting yet scheduled between Putin and Zelenskyy, it will become clear Trump got played.' — 'There has been neither a reset nor a reboot,' SUSHANT SINGH writes in The Walrus of relations between Canada and India. — The NYT's EMILIANO RODRÍGUEZ MEGA and IAN AUSTEN report on the state of play between Canada and Mexico. — PAUL WELLS talked to WAYNE EYRE, retired chief of Canada's defence staff, about NATO targets, political extremism, and Canada-U.S. relations. Listen here. — 'Ask any economist what the right tool is to try to deal with the fact that there are too many carbon emissions, they are going to tell you that it is the carbon tax,' NATASHA SARIN, president and co-founder of the Yale Budget Lab, says on 'The Ezra Klein Show,' an episode focused on the U.S. economy. — From POLITICO's ADAM WREN: Inside the MAGA-parodying strategy that has rocketed California Gov. GAVIN NEWSOM to algorithmic dominance. LOBBY WATCH Our daily check-in on federal lobbyist registrations and notable meetings around town: — Prospectus Associates' MARTIN-PIERRE PELLETIER posted meetings on behalf of Spirits Canada with VARUN SRIVATSAN, deputy director of policy for Finance Minister François-Philippe Champagne; and MATHEW HALL, senior policy adviser in the Prime Minister's Office. On the agenda: tariff impacts on Canadian spirits. — Rubicon's BRAEDAN DE BAKKER is now lobbying for Kinross Gold Corp. Top priority: 'raise awareness of the Great Bear Project in Red Lake, Ontario.' PROZONE For POLITICO Pro subscribers, here's our latest policy news: — Canadian carbon removal plant begins storing CO2 underground. — Electric school buses hit pothole after major supplier goes bankrupt. — From Phillips 66 to IKEA, businesses write in support of cap-and-trade. — Trump's global health cuts have upended the CDC's malaria work. — Heat warnings wither under Trump. Pro Analysis from ARI HAWKINS and PAROMA SONI: What you need to know about Trump's emergency tariff levels. And our latest Pro policy newsletter: The Apprentice: Joly Edition. PLAYBOOKERS Birthdays: HBD to 'CTV National News' chief anchor OMAR SACHEDINA and Hydro-Québec vice president GRAHAM FOX. Noted: B'nai Brith Canada wrote a letter to the PM firmly opposing the government's intent to recognize a Palestinian state. The letter was co-signed by 60 prominent Canadians, including former Conservative leader RONA AMBROSE, entrepreneur DAVID CYNAMON, TSN anchor JENNIFER HEDGER, longtime Liberal operative WARREN KINSELLA, broadcaster BEN MULRONEY and investor JOHN RUFFOLO. TRIVIA Wednesday's answer: JEAN-CLAUDE PARROT was sentenced to three months in jail and 18 months of probation for defying back-to-work legislation when he was president of the Canadian Union of Postal Workers. Props to JIM MUNSON, MAIA EASTMAN, IAN FARIS, ELIZABETH BURN, ROBERT MCDOUGALL, MALCOLM MCKAY, MARCELLA MUNRO, RALPH LEVENSTEIN, PETER STUDER, DOUG RICE, JAY CHALKE, SCOTT MCCORD, PATRICK HART, ASHLEY THOMSON, RAY PENNINGS, RAY DEL BIANCO, TOM BEST, DAVE PENNER, JOANNA PLATER, GORDON RANDALL, AHDITHYA VISWESWARAN, CHRIS RANDS, BOB GORDON, JORDAN LEICHNITZ, MARCEL MARCOTTE, JOHN MERRIMAN, JOHN PEPPER, J. ROLLAND VAIVE, RODDY MCFALL, DON SCOTT, JONATHAN MOSER, BARBARA GRANTHAM, DARRYL DAMUDE and BOB PLAMONDON. Today's question: On this date in history, 'the most colossal theft of modern times' took place. Tell us what, where — and why. Send your answer to canadaplaybook@ Writing tomorrow's Playbook: MICKEY DJURIC. Canada Playbook would not happen without: Canada Editor Sue Allan, editor Willa Plank and POLITICO's Grace Maalouf.
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
VNET Group: Q2 Earnings Snapshot
BEIJING (AP) — BEIJING (AP) — VNET Group, Inc. (VNET) on Thursday reported a loss of $1.7 million in its second quarter. The Beijing-based company said it had a loss of 1 cent per share. The provider of carrier-neutral internet data center services posted revenue of $339.8 million in the period. VNET Group expects full-year revenue in the range of $1.28 billion to $1.31 billion. _____
Business Upturn
an hour ago
- Business Upturn
Apollo Micro Systems emerges as lowest bidder for defence orders worth Rs 25.12 crore
By Aditya Bhagchandani Published on August 21, 2025, 14:27 IST Shares of Apollo Micro Systems Ltd. (AMS) were in focus on Thursday after the company announced that it has emerged as the lowest bidder (L-1) for defence-related orders worth ₹25.12 crore. The Hyderabad-based technology and defence solutions provider said the bids were placed with the Defence Research and Development Organisation (DRDO) and other defence public sector undertakings (PSUs). The company clarified in its filing that this order is part of the ordinary course of business, as AMS routinely participates in government and PSU tenders. However, the development has drawn attention as it adds fresh momentum to the company's growing order book and reinforces its positioning in India's expanding defence ecosystem. Meanwhile, shares of Apollo Micro Systems were trading 2.2% higher at ₹207.31 on the NSE, up from the previous close of ₹202.83. The stock has traded between ₹200.55 and ₹211.00 so far today, with a market cap of about ₹69,140 crore. The counter has been active, with trading volumes above 4.6 million shares by mid-session. Founded in 1997, Apollo Micro Systems specialises in designing, developing, and manufacturing electronic and electro-mechanical systems used across defence, aerospace, railways, and homeland security. The government's strong push for Atmanirbhar Bharat (self-reliance) in defence manufacturing has created new opportunities for companies like AMS, which have been steadily expanding capabilities in indigenous technologies. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
