Facebook and Instagram owner Meta is ​bringing a legal challenge against Britain's media regulator ‌Ofcom over how fees and penalties are calculated under the government's Online Safety Act, London's High Court heard on Thursday. An Ofcom ​spokesperson said in a statement that fees and penalties ​under the law are based on a provider's ⁠qualifying worldwide revenue. "Disappointingly, Meta are objecting to the payment ​of fees, and any penalties that could be levied ​on companies in future, that are calculated on this basis," Ofcom said.

The United States and Iran are edging toward a temporary agreement to halt their war, sources and officials said on Thursday, with Tehran reviewing ​a proposal that would stop the fighting but leave the most contentious issues unresolved. The emerging plan centres on a short-term memorandum rather than a comprehensive peace deal, underscoring deep divisions between the two ‌sides and signalling that it would be an interim step. Hopes that even a partial deal could lead to the reopening of the Strait of Hormuz have already moved markets, with global stocks approaching record highs on Thursday and oil prices nursing steep losses on bets that supply disruptions could ease.

Certains sénateurs se disent préoccupés par le nombre croissant de sièges à combler à la chambre haute, avec neuf sièges actuellement vacants et six sénateurs devant prendre leur retraite plus tard cette année. Jusqu’à présent, M. Carney a largement gardé le secret sur la manière dont il compte procéder pour nommer les sénateurs, et il n’a encore procédé à aucune nomination à la chambre haute depuis son entrée en fonction. Interrogé mercredi par La Presse Canadienne sur ses projets concernant les nominations, le premier ministre a révélé que les nominations au Sénat figuraient à son ordre du jour.

A senior Commerzbank official on Thursday rejected calls by UniCredit CEO Andrea Orcel ‌to resume merger talks, as a battle for ownership of the big German bank intensifies. Sascha Uebel, the bank's vice chairman and head of the works council, also said he would favour a move by the German government to increase its stake in Commerzbank to fend off a takeover. Uebel said ​in a written statement of Orcel: "I've really had enough now! Where on earth are we? In the midst ​of a hostile takeover bid, he is now demanding that the board speak with him again, ⁠otherwise he won't raise his offer?"

Roche Holding said it agreed to buy PathAI for up to $1.05 billion in a deal that seeks to bolster the artificial-intelligence offerings of its diagnostics division. The Swiss pharmaceutical group said Thursday that the acquisition of U.S.-based PathAI would build on a partnership between the two companies formed in 2021 and take in-house an AI platform that aims to facilitate diagnostic workflows and help accelerate clinical-therapy development. Under the deal, Roche agreed to pay $750 million upfront, with up to $300 million in additional payments subject to targets, it said. The deal is expected to close in the second half of the year.

Italy’s UniCredit said it reached a preliminary deal to sell part of its Russian unit to a private investor in the United Arab Emirates for an undisclosed sum, in its biggest step yet to exit the country. UniCredit, one of the few Western banks that continues to operate in Russia, has moved to wind down its business there since the full-scale invasion of Ukraine began. The bank said Thursday that it would take a profit hit of between 3 billion and 3.3 billion euros ($3.52 billion-$3.88 billion) and book a capital benefit as a result of the deal. Its shareholder-distribution plans and long-term profit ambitions won’t be affected, UniCredit added.

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.

African countries including Kenya, Malawi, Lesotho and Zimbabwe have warned migrants in South Africa to be cautious and remain indoors due to attacks targeting foreigners, and Ghana ​has lobbied the African Union regional bloc for action. South Africa has seen a wave ‌of protests against illegal immigration which have been accompanied by instances of violence against migrants from other sub-Saharan African countries in South Africa, which has the largest economy on the continent. Migrant rights groups say they are being ​scapegoated by South Africans who blame them for the country's economic problems, namely high ​unemployment which hovers at over 30% and disproportionately affects the Black population.

Les conditions financières de l’accord n’ont pas été communiquées dans l’immédiat. Coras, une entreprise de 70 personnes, a été fondée en 2015 par des militaires qui avaient de l’expérience dans les domaines de la défense et de la sécurité nationale. AtkinsRéalis soutient que cette acquisition s’inscrit dans sa stratégie visant à accroître sa présence en Australie et à accélérer sa croissance dans les principaux marchés clés, dont celui de la défense. Le président et chef de la direction d’AtkinsRéalis, Ian Edwards, estime que Coras apporte des relations de longue date au cœur du secteur de la défense, fondées sur la confiance, le jugement et la rigueur d’exécution dans un environnement hautement spécialisé. La transaction est assujettie aux conditions de clôture habituelles et à l’obtention des autorisations réglementaires nécessaires.

Coinbase Global Chief Executive Brian Armstrong said his company was cutting 14% of its workforce as AI changes “how we work.” PayPal plans to cut 20% of its staff over the next two to three years, part of plans to step up its adoption of artificial intelligence. Then there is Axon Enterprise President Josh Isner, who recently emailed the Taser maker’s more than 5,000 staffers and told them to essentially breathe: AI won’t trigger layoffs anytime soon, he assured them. “I am thinking of AI as the thing that allows our teams to do more, not the thing that replaces our teams,” Isner wrote. Even if the technology lets staff be twice or even three times as productive, there will be additional problems to solve. So, he added: “Block out the noise and keep kicking ass.”

BP said on Thursday it would sell stakes in two flagship UK carbon capture and storage projects, opening ​the door to new partners as construction starts ‌at both sites. The oil major said it plans to sell a portion of its equity in the Net Zero Teesside (NZT) Power project ​and the Northern Endurance Partnership project (NEP) in Northern ​England, without disclosing the size of the stakes on ⁠offer or potential buyers.

Rare-disease specialist Catalyst Pharmaceuticals is set to be acquired by healthcare group Angelini Pharma in a $4.1 billion deal. Angelini will pay $31.50 for each of Nasdaq-listed Catalyst’s outstanding shares for a total consideration of about 3.5 billion euros, equivalent to $4.1 billion, the companies said Thursday. The offer price is at a 21% premium to the stock’s unaffected closing price on April 22—the last trading day before signs emerged that the transaction had become public information.

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.