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Russia attacked Ukraine overnight with hundreds of drones and three ballistic missiles, targeting port infrastructure in the south, killing one and wounding at least seven people, Ukrainian officials said. Russia launched 324 drones in the period since 6 p.m. on Tuesday and three ballistic missiles, Ukraine's air force said. Air defence units shot down or neutralised 309 drones, but the missiles and 13 drones hit at nine locations, it said. "Just over the past 24 hours there were brutal attacks on Dnipro, Cherkasy, Kharkiv, Kryvyi Rih, Chernihiv, the Donetsk region, and Zaporizhzhia," President Volodymyr Zelenskiy said in a post on X, adding that cooperation to strengthen Ukraine's air defences was a priority.
U.S. President Donald Trump said the war with Iran was close to over, telling the world to brace for an "amazing two days", as the army chief of mediator Pakistan arrived in Tehran in a bid to prevent a renewed conflict. The diplomatic push came as U.S. and Iranian officials weighed a return to Pakistan for further talks after negotiations there ended on Sunday without a breakthrough. Pakistan's military confirmed Field Marshal Asim Munir had arrived in Tehran. A senior Iranian source told Reuters that Munir, who had mediated the last round of talks, was heading to Iran "to narrow gaps" between the two sides.
Le grand patron de Québecor, Vidéotron et TVA, qui est propriétaire notamment des Alouettes de Montréal, de Taxelco et de Starlink Aviation, propose l’acquisition de Colabor par l’entremise de la Financière Outremont, sa société d’investissement personnelle. S’il faut s’attendre à ce qu’il s’implique personnellement un minimum dans la relance de Colabor, il affirme que des gens de confiance à la Financière Outremont vont travailler avec l’équipe de direction en place chez Colabor pour « bien s’assurer de la juste orientation de l’entreprise » selon des critères « de rentabilité et d’investissement ». « Je ne serai pas président de Colabor. J’ai une équipe assez solide avec André Brosseau, Louis-François Hogue et Josée Leblanc. Ils ont mené le dossier Colabor du début à la fin », dit Pierre Karl Péladeau.
Airbus named Spanish national Amparo Moraleda as the next chair of its board on Tuesday, marking the first time in the European aerospace giant's more than five-decade history that the role will be held by someone who is neither French nor German. France and Germany each own 10.8% of Airbus and have long dominated the company's upper echelons. The Spanish government holds a 4.1% stake. Moraleda, who currently serves as lead independent director on the Airbus board, will assume the role in October, succeeding René Obermann, who decided not to seek a new term. The appointment was approved by shareholders gathered at the company's annual general meeting in Amsterdam on Tuesday.
À peine une semaine après le départ précipité de sa PDG, le vice-président exécutif aux finances et technologies de l’Administration portuaire de Montréal quitte également ses fonctions, s’inscrivant dans un exode qui soulève des questions quant à l’orientation et à la gouvernance du deuxième plus grand port du pays. Alexandra Langelier, vice-présidente exécutive de l’Institut pour la gouvernance d’organisations privées et publiques (IGOPP), a souligné que ces départs soudains de cadres ont plongé l’organisation dans une situation de «gestion de crise», alors qu’elle s’efforce de combler les vides. «Il est très difficile de recruter quelqu’un capable d’assumer ce rôle. Cela prend du temps et nécessite un plan de succession. Et pour le PDG, nous comprenons qu’il n’y avait pas de plan de succession, car c’est le conseil d’administration qui a pris les rênes.» Mme Langelier a ajouté que le comité du conseil d’administration devrait constituer une «solution à très court terme» pour combler le vide de direction créé par le départ des dirigeants.
Shareholders in Monte dei Paschi di Siena vote on Wednesday to decide a boardroom battle pitting ousted boss Luigi Lovaglio against a rival CEO candidate picked by the bank's outgoing directors, Fabrizio Palermo. The CEO contest at Monte dei Paschi (MPS) could shape the next phase of consolidation in Italy's banking sector, as Lovaglio has repeatedly said he was preparing for further mergers and acquisitions by the bank. Rescued by the state in 2017 and re-privatised in 2023-2024, MPS last year took over Mediobanca to become the main investor in insurance group Generali, a trophy asset in Italian finance.
Dow has designated its chief operating officer, Karen Carter, to succeed Jim Fitterling as the chemical maker’s chief executive, effective July 1. Dow on Tuesday said Fitterling, who has been CEO since August 2018 and board chair since April 2020, will become executive board chair on that date. Carter, 55 years old, joined Dow in 1994 and has been the Midland, Mich., company’s chief operating officer since December 2024. Dow said the change at the top marks the culmination of a multiyear succession-planning process, adding that Fitterling, who has spent more than four decades with the company, will focus on long-term strategy, governance and key external relationships.
Lucid Group said it secured $750 million in fresh funding commitments from Saudi Arabia’s sovereign-wealth fund and Uber Technologies, as the electric-vehicle maker looks to fuel its next phase of growth. The company also on Tuesday named Silvio Napoli as its chief executive officer, succeeding Marc Winterhoff, who has held the role on an interim basis since February 2025. Napoli, who will additionally join Lucid’s board, was most recently CEO of industrial-technology company Schindler Group.
Amazon.com said on Tuesday it will acquire Globalstar in an US$11.57 billion deal, bolstering its fledgling satellite business as it tries to catch up with Elon Musk’s Starlink. Tech companies are pouring billions of dollars into capturing the lucrative market for satellite-based connectivity, but it will be a tall order to match Starlink’s 10,000-unit-strong network. Through the deal, Amazon adds Globalstar’s two dozen satellites to its existing network of more than 200. Amazon has been working to ramp up its network by deploying about 3,200 satellites in Earth’s low orbit by 2029, with roughly half required to be in place by a July regulatory deadline. It is also preparing to roll out its satellite internet services later this year.
Rheinmetall and aerospace company Destinus are teaming up to produce missiles for Europe and some member states of the North Atlantic Treaty Organization. The two companies will form a joint venture, which should be established during the second half of this year, focused on advanced cruise missiles and ballistic rocket artillery, Rheinmetall said. The German company will hold a 51% stake in Rheinmetall Destinus Strike Systems, as the venture will be named, while Destinus will hold the remaining 49%, it said.
President Trump’s announcement that the U.S. military would blockade the Strait of Hormuz sets up a risky new showdown that could draw American forces into a prolonged struggle to control the strategic chokepoint while compounding the global economic damage caused by the conflict. Hours after U.S. peace talks with Iran broke down in Pakistan, Trump said that the Navy would begin the blockade, “seek and interdict” vessels that had paid Iran to get through the strait, and then start clearing the waterway of sea mines. “He added that any Iranian forces that fired on U.S. troops or commercial shipping would be “BLOWN TO HELL.” The blockade is set to begin Monday at 10 a.m. Eastern Time, according to U.S. Central Command. The move comes after Vice President JD Vance ended 21 hours of talks in Islamabad without an agreement, blaming Tehran for refusing U.S. terms on its nuclear program.
Prime Minister Mark Carney’s government is shifting into a new gear, as the Liberals hope to clinch a majority in the House of Commons with by-election wins in Toronto and Quebec on Monday. The by-elections follow five defections to the Liberals since November, an unprecedented pace among recent minority governments. The floor crossings have put the Liberals one seat shy of a majority. They are are now widely expected to win that majority in the by-elections, with two of the races in Liberal strongholds. A combination of floor-crossers and by-elections turning a minority government into a majority has never happened before in Canada.
Dans une lettre ouverte, que nous avons pu consulter, le ministre de la Cybersécurité et du Numérique, Gilles Bélanger, confirme des éléments de l’entente qui est sur la table avec le géant des services informatiques et qui ont été éventés ces derniers jours. « Il est temps de reprendre le contrôle de nos systèmes numériques, tout en agissant avec rigueur, efficacité et responsabilité envers les contribuables », plaide le ministre, qui avance que la formule étudiée générerait des « économies potentielles à long terme » pouvant atteindre 6 milliards. Il ne lève toutefois pas le voile sur les mécanismes qui permettraient d’atteindre ces objectifs, outre la « fin du modèle des licences [informatiques] perpétuelles » et la « mutualisation des solutions ».
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President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board of Governors if Powell does not vacate that post as well when his term as Fed chief ends on May 15, intensifying a complicated standoff that has upended the Fed's usually smooth transition of power. Trump administration threats against Powell, including an ongoing criminal investigation, could delay Senate confirmation of Kevin Warsh as Trump's nominee to succeed Powell as Fed chief, but the president in a Fox Business interview doubled down on the probe as a way to prove Powell's "incompetence" and said if he doesn't leave altogether, "then I'll have to fire him." "You want Jay Powell out of the way?" the president was asked by Fox Business host Maria Bartiromo. "If he's not leaving on time - I've held back firing him, I've wanted to fire him, but I hate to be controversial, you know. I want to be uncontroversial, but he will be fired," Trump responded. He gave no indication that U.S. Attorney for the District of Columbia Jeanine Pirro would back down from investigating a Fed building project the administration has criticized for cost overruns.
Aurora Cannabis Inc. has bought Safari Flower Co. in a stock-and-cash deal valued at $26.5 million. The acquisition includes a $2-million cash payment that is contingent on satisfaction of certain conditions. Aurora says Safari Flower has an EU GMP certified indoor cultivation and manufacturing facility in Ontario. It says the deal that will increase its capacity to supply key international markets, including Germany, Australia, Poland, and the United Kingdom, and support further market expansion. Aurora executive chair and chief executive Miguel Martin says the acquisition of Safari Flower marks an important milestone as the company looks to grow its international medical cannabis business.
« Pour être clair, la réduction aujourd’hui de la taxe d’accise sur les carburants est une mesure responsable et temporaire, conforme à ce qu’il faut pour bâtir une économie plus forte et plus abordable, associée à une saine gestion budgétaire », a déclaré le premier ministre moins de 24 heures après avoir réussi à obtenir un gouvernement majoritaire. M. Carney a assuré mardi qu’il allait tenir compte du point de vue des partis de l’opposition, mais il a nié s’être inspiré des conservateurs pour la suspension de la taxe d’accise de 10 cents sur l’essence et celle de 4 cents le litre sur le diesel. Cette mesure touchera également les carburants utilisés en aviation.Les conservateurs réclament l’abolition de la taxe d’accise sur l’essence jusqu’à la fin de l’année, mais également de la taxe sur les produits et services (TPS) de 5 % et l’abolition du Règlement sur les combustibles propres, en vigueur depuis 2023. Un rapport du directeur parlementaire du budget estime qu’une réduction obligatoire de l’intensité en carbone du carburant ajoute 7 cents au litre d’essence en 2026. Une économie totale de 25 cents le litre, selon leurs calculs.
Barely a week after the abrupt departure of its CEO, the Montreal Port Authority confirmed its chief financial officer is leaving as well, part of an exodus that raises questions about the direction and governance of the country’s second-largest port — and Ottawa is seeking answers. Alexandra Langelier, executive vice-president at the Institute for the Governance of Private and Public Organizations, agreed that the sudden executive departures have left the organization in "crisis management" as it scrambles to fill the gaps. “It’s very difficult to recruit somebody that could do this role. It takes time and it takes a succession plan. And for the CEO, we understand that there was no succession plan, because the board stepped in to manage.” Langelier said the board committee should be a "very short-term solution" for the leadership vacuum created by the outbound executives. "They left and there's a huge, huge project right now," she said.
L’exode des dirigeants au Port de Montréal, qui se prépare à s’endetter à des niveaux inédits pour financer son expansion, fait des vagues jusqu’à Ottawa. Un comité parlementaire veut entendre l’ex-dirigeante Julie Gascon – éjectée de son poste – et deux autres anciens vice-présidents pour faire la lumière sur ce qui a les allures d’une « crise ». « Perdre une présidente-directrice générale et un chef des finances en même temps, c’est une rude épreuve pour toute organisation », a souligné à La Presse le directeur de l’Institut sur la gouvernance d’organisations privées et publiques (IGOPP), François Dauphin. Selon l’expert, un important « test de crédibilité » attend Mme Pilon et le reste du C.A. – le groupe qui avait embauché Julie Gascon.
Snap said on Wednesday it would lay off about 1,000 employees, including 16 per cent of its full-time staff, as the social media firm looks to lower costs and leverage AI to boost productivity with smaller teams. The move, which also includes the closure of more than 300 open roles, comes weeks after Irenic Capital Management pushed the Snapchat parent to optimize its portfolio and improve performance. The activist investor has an economic interest of about 2.5% in the company. Snap said advances in artificial intelligence are allowing it to streamline operations, reduce repetitive work, and operate with smaller teams, forming part of a broader push to improve efficiency. Shares of the social media company rose more than 10 per cent in premarket trading. The stock has fallen about 31 per cent so far this year.
The CEO of Hootsuite has stepped down after spending the last several months defending a contract between the company and a controversial U.S. government department, making way for the firm’s founder to return on an interim basis. Irina Novoselsky’s departure and Ryan Holmes’ return were both announced Monday in separate LinkedIn posts, which made no mention of the recent criticism that has engulfed the company. Holmes said he “couldn’t be more thrilled to be back.” Novoselsky said she was “incredibly grateful” to have led Hootsuite but now she has restored Hootsuite to profitability, she and the board felt it “is the right moment for a leadership transition.”
Much of Corporate America in the past decade embraced the theory that diversity, equity and inclusion policies were good for productivity and profits. A new White House study concludes the opposite: DEI policies that encourage hiring managers on the basis of race undercut the industries that adopted them, and the broader economy. “There is nothing inherently less productive about minority workers or minority managers,” the study says. “The issue is rapidly promoting unqualified workers in order to meet racial quotas set forth by DEI.”
Hungary's veteran nationalist leader Viktor Orban lost power to the upstart centre-right Tisza party in Sunday's national election after 16 years in office, marking a setback for his allies in Russia and U.S. President Donald Trump's White House. Orban, 62, was celebrated by conservatives across Europe and the United States as the mastermind of the "illiberal" model of democracy, but lost favour at home with voters who grew weary of economic stagnation, international isolation and oligarchs amassing wealth. His landslide defeat handed Tisza's Peter Magyar, 45, a comfortable majority in Hungary's 199-seat legislature, opening the door for meaningful reforms of a system critics in the European Union said subverted democratic norms.
Hungarian stocks rose to record highs and the forint hit a four-year high against the euro Monday after the country’s opposition Tisza party secured a landslide victory in parliamentary elections. The end of Viktor Orbán’s 16 years in power paves the way for closer ties between the European Union and Hungary, with the potential of unfreezing 17 billion euros ($19.93 billion) in funds from the bloc. The BUX index of the Budapest Stock Exchange rose to an all-time high of 137,260 points in early European trade, according to LSEG data. The euro fell to 363.98 forints, its lowest level since February 2022.
Peter Milobar will be without his longtime campaign manager during the final stretch of the race to become the new leader of the Conservative Party of B.C. amid controversy stemming from a 2024 website and mail-out. Milobar’s campaign said in a statement released Saturday on social media that Mark Werner is “stepping back” from his role to “focus on his family business.” The announcement comes after Milobar issued a statement on Thursday that said “preliminary discussions” with Werner “confirmed that he had no knowledge” of the website and the mail-out that targeted former Conservative leader John Rustad, and Richmond MLA Teresa Wat. Milobar distanced himself from the website and the mail-out in his Thursday statement.
Le Groupe Sollio, propriétaire de la chaîne québécoise, a confirmé l’information vendredi après-midi, en rejetant du revers de la main l’hypothèse d’un congédiement. Il s’agit d’un « départ volontaire », a soutenu en entrevue le porte-parole du groupe coopératif, Ian Riverin. Un départ volontaire, « réfléchi depuis déjà quelque temps » et qui n’aurait été provoqué, dit-il, par « aucun conflit » dans l’organisation. Le chef de la direction de BMR depuis cinq ans, Alexandre Lefebvre, a décliné notre demande d’entrevue. Dans un courriel, son directeur des communications, Kaven Delarosbil, a expliqué que des entrevues ne seront accordées qu’une fois un successeur trouvé.
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