A CMA CGM container ship was attacked while transiting the Strait of ‌Hormuz, injuring crew members and damaging the vessel, the French group said, as the U.S.-Iran conflict left traffic in the crucial oil and trade corridor at a standstill. The incident, which CMA CGM said occurred on Tuesday, was the latest attack on ​ships since the war erupted, stranding hundreds of vessels and disrupting 20% of global oil trade. Washington ​launched an operation on Monday to help escort ships through the Strait of Hormuz, ⁠allowing two U.S.-flagged vessels to exit the Gulf. However, U.S. President Donald Trump said on Tuesday the ​effort would be briefly paused amid talks aimed at a broader deal with Iran.

Prime Minister Mark Carney says he’ll wait for the recommendations of a parliamentary committee before taking a position on whether access to medical assistance in dying should be expanded for those with mental illness. Mr. Carney, who has not spoken previously about his point of view on MAID, made the remarks Wednesday on his way into the Liberal caucus meeting. The Globe and Mail has reported that the government is prepared to table legislation to further delay the expansion of MAID, if that is what the committee ultimately recommends.

Prime Minister Mark Carney acknowledged that the Canadian auto industry is facing “challenges” due to U.S. tariffs. His comments come amid reporting from a Japanese outlet that Honda is indefinitely suspending plans to build a $15-billion electric vehicle plant in Ontario. “There are challenges with the U.S. tariffs, unjustified tariffs in the auto sector,” Carney said to reporters on Wednesday morning in Ottawa. “We’ll continue to work with companies in the sector, helping them reposition, reinvest, supporting workers there. We’ll continue to do what’s necessary, including getting the right deal in Canada’s interest.” Carney did not mention Honda specifically. On Tuesday, Nikkei Asia reported that slow U.S. demand is pushing the Japanese automaker “to put hybrids at the centre of its North American strategy.” In May 2025, Honda announced it would delay the project for two years, with Honda chief executive Toshihiro Mibe saying the company would examine where the EV market is before deciding whether to move forward with the project.

Group of Seven ​trade ministers meeting in Paris on Wednesday sought common ground on securing critical mineral supplies that are ‌dominated by China, but fresh U.S. tariff threats against European Union-made cars risked straining unity. France wants critical minerals supplies to be among the most concrete deliverables during its G7 presidency as ministers prepare for a leaders' summit in mid-June, Foreign Trade Minister Nicolas Forissier said as he arrived ​for talks. "I believe we will make very concrete progress on rare earths and critical minerals, securing our supply chains ​and ensuring we are not held hostage by certain countries," he said.

The Jesuits in Britain, a Catholic religious order, may sell its stake in Rio Tinto following unsuccessful ​engagement with the mining giant over environmental concerns ‌in Madagascar and Guinea, its head of ethical investments said on Wednesday. "We've engaged with Rio the last three, possibly four years ​coming to AGMs," said Stephen Power SJ, who ​oversees ethical investments for the order, at Rio ⁠Tinto's annual general meeting. Power added that Rio Tinto's handling ​of water contamination issues at its Madagascar operations were particularly ​troubling, with key water reports arriving late, lacking the required detail, or not materialising at all.

PayPal's new CEO Enrique Lores outlined a plan to streamline its organizational structure and reduce costs after the digital payments firm's first-quarter ​results left investors underwhelmed. The company's shares pared premarket gains to lose more than 11% in ‌early trading on Tuesday despite profit and revenue coming in above Wall Street expectations. PayPal has been navigating intense competition in the payments space after the entry of Big Tech firms and newer ​entrants such as Klarna and Stripe.

Germany will provide up to 5 billion euros ($5.85 billion) this year to help major factories ​reduce carbon emissions by switching to cleaner technology, ‌the economy ministry said on Tuesday. The funding, comprising 15-year "carbon contracts for difference" (CCfDs), will cover the extra costs of low-emission production ​for industries like steel, cement, and chemicals. ​The goal is to help these factories stay ⁠in Germany and meet climate goals, instead of moving ​production to countries with weaker environmental rules. After a first ​bidding round in 2024, the government has softened some conditions. Companies now have four years to cut emissions by 50%, ​instead of the previous requirement of three years to ​cut emissions by 60%. By the program's final year, emissions must ‌be ⁠reduced by 85%, slightly less than the earlier target of 90%.

The world’s largest asset manager has found a new leader for its Canadian division. Bay Street veteran and competitive athlete Katherine Tweedie has been named head of Canada at BlackRock Inc., according to a source familiar with the appointment. The Globe and Mail is not naming the source as they are not authorized to publicly disclose internal deliberations. She is starting her new role this summer, according to an internal memo viewed by The Globe. BlackRock Canada declined to comment. The global company’s assets under management recently surpassed US$14-trillion. As of October, 2025, BlackRock managed more than $480-billion on behalf of its Canadian clients, including more than 200 pension plans.

France has called an online meeting of G7 countries ‌for Thursday to discuss how to break China's stranglehold on critical materials, Finance Minister Roland Lescure said, announcing plans to rebuild the industry in France. The online meeting with relevant ministers is intended to ​prepare for a mid-June summit of the G7 leaders in the French spa ​town of Evian, Lescure told reporters. He was speaking in Lacq, ⁠a town in southwestern France that is being primed to be the centre of ​the country's rare-earth processing activities. Lescure said China had captured a huge share of the ​market through heavy investment and pricing policies that drove potential competitors out.

L’organisme fédéral précise mardi que ce résultat contraste avec le déficit de 5,1 milliards enregistré en février. Cet excédent s’explique par une hausse de 8,5 % des exportations totales, qui ont atteint 72,8 milliards en mars, leur plus haut niveau depuis janvier 2025, grâce à l’augmentation des exportations d’or et à la hausse des prix du pétrole brut. Les exportations de produits en métal et de produits minéraux non métalliques ont augmenté de 24,0 % et affichent un niveau record de 15,3 milliards en mars, tandis que les exportations de produits énergétiques ont progressé de 15,6 % pour s’établir à 17,1 milliards.

Azam Ishmael, who has served as the Liberal Party’s national director for more than nine years, is stepping down. Mr. Ishmael announced his decision in a letter to party staff on Monday but did not give a specific reason behind his departure. He has served as the party’s director since 2017. “For nearly a decade, it has been the honour of my professional life to serve you and the Liberal Party,” he said in the letter. “It has been a privilege to work so closely with all of you, to share in our successes, and to have a front-row seat to Canadian history.”

An investor group which advises union pension funds urged Wall Street's leading watchdog on Wednesday to scrutinize SpaceX's disclosures as the rocket ​maker embarks on a planned record-breaking public listing. It also raised founder Elon ‌Musk's tenure in the Trump administration as a potential conflict for regulators reviewing the company's disclosures. SpaceX is expected to launch an initial public offering (IPO) this year at a possible valuation of $1.75 trillion, ​raising about $75 billion. That would be the biggest listing on record and could ​help CEO Musk become history's first trillionaire.

Quebec’s new Premier has hit the ground running with just a few months left to distance herself from her predecessor François Legault, and to convince voters her government still has something to offer. In the three weeks since she was sworn in, Christine Fréchette has scored meetings with Prime Minister Mark Carney in Ottawa and U.S. Trade Representative Jamieson Greer in Washington, seeking to strengthen ties outside the province. She has cut taxes for businesses and promised new legislation to protect women from domestic violence. Faced with the Herculean task of bringing her party back from the brink of oblivion on the eve of an election, Ms. Fréchette has, by her own account, been in “hyperactive mode.”

PayPal, Mastercard and Visa are being investigated by the UK’s financial regulator for alleged anti-competitive behaviour in a rare antitrust probe by the watchdog. The Financial Conduct Authority said on Wednesday that it was investigating three of the world’s largest payments companies because of concerns that the use and funding model of PayPal’s digital wallet may break competition rules. The regulator said it was investigating the three companies for potential breaches of the UK Competition Act 1998, which prohibits companies from agreeing to practices that may distort competition or trade.

Avant de se joindre à la Fondation, Mme Archambault a occupé le poste de vice‑présidente, développement stratégique et cheffe des opérations au Conseil du patronat du Québec. Gestionnaire chevronnée et communicatrice reconnue, son parcours professionnel l’a également menée à occuper plusieurs postes de direction générale, notamment à la Jeune Chambre de commerce de Montréal, où elle s’est distinguée par sa capacité à rallier les équipes autour d’une vision claire et porteuse. Par son expertise, elle saura mener de main de maitre les différents projets en cours, notamment la grande campagne lancée à l’automne 2025.

SpaceX has adopted corporate governance policies that will erode typical shareholder protections in unprecedented ways, giving founder Elon Musk virtually unchecked executive authority when the rocket maker goes public later this year. Excerpts of SpaceX's IPO registration statement reviewed by Reuters show the company is combining supervoting shares, mandatory arbitration, stricter rules on shareholder proposals and Texas ​corporate law to give Musk and other insiders broad control. At the same time, it sharply limits investors' ability to challenge management, sue in court and force votes on governance issues. And the only person who can fire Musk is Musk, who will retain majority control ‌through supervoting shares.

Bayer said it agreed to buy Perfuse Therapeutics for up to $2.45 billion, snapping up an eye-drug specialist that is developing a potential glaucoma treatment in the company’s biggest deal in years. The German pharmaceutical-and-agricultural group said Wednesday that the acquisition of San Francisco-based Perfuse would complement its drug pipeline and leverage its ophthalmology footprint. Eye drug Eylea was the top-selling product at Bayer’s pharma business last year, but the medicine is now facing pricing pressures after it went off patent. Perfuse’s lead drug candidate is an experimental treatment for glaucoma and diabetic retinopathy currently being tested in mid-stage clinical trials, Bayer said. It has the potential to become one of the first disease-modifying treatments for both conditions, the company added.

European home improvement retailer Kingfisher ​said on Wednesday Chief Executive ‌Thierry Garnier will step down after nearly seven years in the ​role, with a 12-month notice ​period. Garnier has resigned to take up a ⁠leadership role at Netherlands-headquartered ​supermarket group Ahold Delhaize, which earlier ​in the day named him as its next chief. He shall succeed ​Frans Muller in April 2027. Kingfisher, ​which reported in March a 6% rise ‌in ⁠adjusted pretax profit to 560 million pounds ($760.93 million) for the year ended January 31, said ​it ​would announce ⁠Garnier's exact departure date in due course. The company ​is yet to appoint ​a ⁠new chief, and said the review will cover both internal ⁠and ​external candidates.

The board chairman of Samsung Electronics has urged ​unionised workers to resolve pay ‌disputes with management, warning that a planned strike could hurt investors and ​employees and have "serious consequences" for ​the Korean economy. In an internal ⁠memo to employees on Tuesday, ​Shin Je-yoon said he was "worried about losing ​market leadership amid fleeing customers and falling competitiveness" if strikes disrupted deliveries ​and production, according to a ​Samsung statement. Such disruption at the chipmaker, South ‌Korea's ⁠largest company by revenue, could trigger capital outflows, a drop in national tax revenue, and a ​weakening of ​the ⁠won currency, he said.

Norway's $2.2 trillion sovereign wealth fund, the world's largest, is pulling back from active engagement on climate change at the companies it is invested in despite its stated ambitions to address it, a report by an environmental NGO said ​on Tuesday. Since 2022 the fund's aim is for all the companies it is invested in to reach ‌net zero greenhouse gas emissions by 2050, in line with the Paris Agreement. Currently that is about 7,200 companies worldwide. To do that, Norges Bank Investment Management (NBIM), the fund's operator, sets expectations for company boards specifically on climate change, votes at annual general meetings on the issue ​and can divest if companies fail to respond.

Swedish buyout group EQT said Tuesday that it submitted an improved takeover proposal for Intertek, valuing the provider of testing, inspection and certification services at 8.93 billion pounds ($12.08 billion). In the new offer, the private-equity company values Intertek at 58 pounds a share in cash, or a 54% premium to its closing price on April 9, the day before the initial proposal was submitted. The proposal values the company as a whole at 8.93 billion pounds, based on share-count data provided by LSEG. Shares in Intertek rose on the news, trading 7.4% higher at 51.58 pounds in European morning trading.

U.S. Defense Secretary Pete Hegseth said on Tuesday that the ceasefire with ‌Iran was not over, even as the U.S. and Iran exchanged fire in the Gulf as they wrestled for control of the Strait of Hormuz. Hegseth said the U.S. had successfully secured a path through the critical waterway and that hundreds of commercial ships were lining up to pass through, as Washington seeks to break a chokehold Iran ​has asserted on the Strait of Hormuz since the conflict began on February 28. "We know the Iranians are embarrassed by this ​fact. They said they control the strait. They do not," Hegseth told a Pentagon news conference.