Remains of murdered Indigenous woman found in Canadian landfill
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
7 hours ago
- Business Insider
Niger's military government seizes control of industrial gold mine from Australian operator
Niger's military government has announced the nationalisation of the country's only industrial gold mine, accusing its Australian operator of 'serious breaches' as the junta intensifies efforts to gain control over the nation's natural resources. Niger's military government has nationalized the SML gold mine citing strategic interests and resource control. The government accuses the Australian operator of breaches including failure to meet investment commitments. Similar state intervention efforts have occurred in countries like Mali, Guinea, and Burkina Faso to secure greater local benefits from mining operations. Military leader, General Abdourahamane Tiani, who took power after a military coup ousted former President Mohamed Bazoum in an overnight operation, announced the move on state television on Friday. The junta said the mine has entered an ' alarming economic situation.' An official order from General Tiani said: 'In view of serious breaches and with a view to saving this highly strategic company, the state of Niger has taken the decision to nationalise SML.' The statement added, ' This measure is in line with the vision of the president of the republic, which is to promote the full appropriation of its natural resources by the Nigerien people.' The junta criticised McKinel for failing to deliver on a $10 million investment plan, which it said resulted in tax and wage arrears, layoffs, rising debt, and halted production. According to a report by the Extractive Industries Transparency Initiative, SML's industrial gold production stood at 177 kilograms in 2023, while artisanal production across Niger reached 2.2 tonnes. Security challenges complicate operations in Niger's mines In May, a bomb explosion in Niger's Tillaberi region, a hotspot for jihadist activity, claimed the lives of at least eight workers at the SML mine. This incident prompted the Nigerien army to deploy over 2,000 soldiers to combat insurgent groups in the area, which remains a focal point of the country's security crisis. Consequently, the government decided to take control of the gold mine. This move is part of a broader trend in West Africa, where military juntas have adopted an interventionist approach, reviewing and renegotiating mining contracts to increase state participation and control. Notably, Niger nationalized the local branch of French uranium producer Orano in June, In Mali, following the 2020 coup that ousted President Ibrahim Boubacar Keïta, the military government pressured Canadian mining company IAMGOLD and other foreign operators to increase local ownership and improve investment commitments. It also reviewed contracts with companies like Hummingbird Resources and Randgold Resources to renegotiate terms more favourable to the state. Similarly, Guinea's junta pressured companies like Société Minière de Boké (SMB) and others to increase local ownership and ensure more direct benefits from bauxite exports. In 2022 and 2023, Burkina Faso's juntas took similar steps after their coups, pushing companies like Endeavour Mining, which operates some of Burkina Faso's largest gold mines, to increase investments and improve contributions to the local economy. However, unlike Niger, which has moved towards outright nationalisation in some cases, Burkina Faso, Mali, and Guinea have focused more on contract revisions and stronger oversight rather than formal seizure of assets.
Business Upturn
a day ago
- Business Upturn
FLYW NEWS: Did Flywire Corporation Mislead Investors? Contact BFA Law by September 23 Class Action Deadline (NASDAQ:FLYW)
NEW YORK, Aug. 09, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Flywire Corporation (NASDAQ: FLYW) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Flywire, you are encouraged to obtain additional information by visiting: Investors have until September 23, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Flywire securities. The case is pending in the U.S. District Court for the Eastern District of New York and is captioned Hickman v. Flywire Corp., et al. , No. 1:25-cv-04110. Why Was Flywire Sued for Securities Fraud? Flywire operates as a payments-enablement, and software company. Its largest client vertical is education, the volumes and revenue from which rely on international enrollments and student school preferences. In and around late 2023 and early 2024, the Canadian and Australian governments began to tighten student visa and permitting rules. Despite these headwinds, Flywire consistently touted the sustainability of its revenue growth and financial condition, while downplaying the negative impacts of permit- and visa-related headwinds on the Company's business. In truth, it is alleged that Flywire overstated the strength and sustainability of its revenue growth while understating the negative impacts that the permit- and visa-related restrictions had and were likely to have on Flywire's business. The Stock Declines as the Truth Is Revealed On February 25, 2025, Flywire announced that its business in the education sector had significantly deteriorated due to worsening permit- and visa-related headwinds, including 'double digit declines in student visa issuance in our big four geographic markets,' with 'continued visa policy restrictions' anticipated in 2025. On this news, the price of Flywire stock declined roughly 37%, from $17.64 per share on February 25, 2025, to $11.05 per share on February 26, 2025. Click here for more information: What Can You Do? If you invested in Flywire you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact:Ross Shikowitz [email protected] 212.789.3619
Epoch Times
2 days ago
- Epoch Times
Canada, Other G7 Nations Condemn Hong Kong Warrants for Overseas Activists
Canada and other G7 countries have issued a joint statement condemning the Hong Kong police for issuing arrest warrants and bounties on democracy activists overseas. Hong Kong law enforcement issued warrants and bounties for 19 individuals living in other countries, including Canada, on July 25. It accused the individuals of planning to undermine Hong Kong and Chinese authorities. Members of the G7 Rapid Response Mechanism, which include Canada, the United States, France, Germany, Italy, Japan, the UK, and the European Union, as well as associate members of the G7 RRM, including Australia, the Netherlands, New Zealand, and Sweden issued a joint statement on Aug. 8 saying the move targets those 'exercising their freedom of expression.' The G7 RRM was formed in 2018 to 'identify and respond' to foreign threats to democracy, such as 'hostile state activity' that targets democratic institutions or processes, according to Global Affairs Canada. The Hong Kong police's moves target pro-democracy activists, including those in G7 RRM countries. 'This form of transnational repression undermines national security, state sovereignty, human rights, and the safety of communities,' the joint statement said. It added that the G7 RRM members were committed to strengthening efforts to safeguard sovereignty, keep communities safe, and defend individuals from 'the overreach of governments trying to silence, intimidate, harass, harm or coerce them within our borders.' 'We encourage individuals to report suspicious activities and any incidents of intimidation, harassment, coercion, or threats to their law enforcement authorities in accordance with domestic laws and regulations,' the joint statement said. The countries' said the G7 RRM and 'likeminded global partners' stood together in 'countering these ongoing malign activities.' G7 nations also issued a joint statement in June at the conclusion of their summit in Canada condemning transnational repressions. 'We, the Leaders of the G7, are deeply concerned by growing reports of transnational repression (TNR). TNR is an aggressive form of foreign interference whereby states or their proxies attempt to intimidate, harass, harm or coerce individuals or communities outside their borders,' the statement said. Ministers Condemn Hong Kong Police's Announcement The Aug. 8 joint statement comes about two weeks after Foreign Minister Anita Anand and Public Safety Minister Gary Anandasangaree spoke out against the Hong Kong police's decision, calling it an attempt for Hong Kong 'to conduct transnational repression abroad.' Hong Kong law enforcement issued the bounties and warrants for 19 pro-democracy activists, including some who live in Canada. It said the warrants were issued for 'suspected contravention' of its national security law for promoting self-determination in the city. Canadian Victor Ho is one of the activists on the warrant list, and already faces a warrant from a December 2024 announcement by Hong Kong with a HK$1 million reward for his arrest. Three other Canadian residents are on the list, including Vancouver-based activist Keung Ka-wai. Anand and Anandasangaree said that Canada stands in solidarity with other 'international partners' who have citizens or residents that were also targeted by the Hong Kong law enforcement decision. 'Canada reiterates its previous calls to repeal this law, which violates Hong Kong's international human rights obligations, and withdraw all related warrants and bounties,' the ministers said in a joint statement.
