It took months, countless transcontinental flights, a poison pill and more lawyers than either side wants to admit, but Sturm Ruger and its Chief Executive Todd Seyfert have a deal with Italian gun maker Beretta that ends their protracted proxy fight. Now the question is what exactly Ruger’s relatively new CEO does next. “The great news is we have time,” Seyfert said in an interview Thursday. “We’re early in the process.” Beretta walks away with a path to two board seats and an eventual shot at owning up to 25% of Ruger. Under the deal terms announced recently, Ruger gets a guaranteed floor price on the stock that Beretta will look to buy and a standstill that constrains what Beretta can do with those shares once it has them. For now, the quintessentially American company retains its independence, albeit with an Italian flair.

The Spanish unit of Renault said on Thursday it was suspending its plans to allocate new ​vehicles to be manufactured in Spain after not reaching ‌an agreement with unions, opening the door to choosing other countries for its production. The suspension affects three new electric and hybrid ​vehicles that were planned to be manufactured from 2028 ​in the city of Palencia under a new ⁠manufacturing platform, and maintaining the production of two other ​hybrid models in a plant in Valladolid. About 6,000 people ​work in both factories. The French carmaker said in a statement it was its last offer to unions and that without an agreement it ​would lower the manufacturing capacity at its Spanish plants, ​would not allocate new vehicles nor guarantee maintaining the current number ‌of ⁠workers.

One of Canada’s largest homegrown technology companies, PointClickCare Technologies Inc., has drawn up a contingency plan to relocate to the United States if the trade war between the two countries escalates to the point that it harms its business. The 31-year-company’s co-founders and leaders, chief executive officer Dave Wessinger and brother Mike, the executive chairman, are unabashed champions of Canada’s technology sector, overseeing a digital records software giant that sells to more than 30,000 nursing homes, retirement facilities and home health care agencies in the U.S. It’s one of the largest employers in Canadian technology, with roughly 1,500 people in Canada and another 1,000 in the U.S., and generates more than US$200-million in operating profit and US$900-million in revenue. PointClickCare generates tens of millions of dollars in corporate taxes.

La première ministre Smith espère s’entendre avec Ottawa au cours des prochains jours sur certains points de l’entente de principe conclue en novembre qui devaient être finalisés le 1er avril, mais font toujours l’objet de négociations. Il s’agit de la tarification du carbone industriel et de la conclusion d’un accord trilatéral pour la mise en œuvre de la première phase du projet de captage et de stockage du carbone, Nouvelles voies. L’ex-ministre Steven Guilbeault avait fait pression sur son propre gouvernement dans une lettre ouverte publiée dans La Presse et le Toronto Star le mois dernier pour protéger ce qu’il reste de sa politique climatique.

Mark Carney will not allow senators to return to the Liberal caucus, a senior government official said Thursday, ending speculation on how the Prime Minister will handle the second chamber. His predecessor, Justin Trudeau, unilaterally expelled Liberal senators from the party’s caucus in 2014 in response to the Senate expense scandal. Once in government, Mr. Trudeau set up an arms-length advisory panel to recommend Senate appointments. The move was ostensibly intended to remove partisanship, but has been criticized by Conservatives for not living up to that goal. Mr. Carney has not appointed any senators since he formed government last spring. The delays have sparked speculation in Ottawa about whether he would break with the new regime brought in by Mr. Trudeau. But the senior government official said the Prime Minister does not intend to allow senators to sit in the Liberal caucus.

Intertek rejected an improved $12.1 billion takeover proposal from Swedish buyout group EQT, saying that it undervalues the company and that it remains committed to a strategic review which could see it spin out Intertek Energy & Infrastructure. The provider of testing, inspection and certification services rejected the revised bid made Tuesday of 58 pounds ($78.60) a share in cash that valued the company at 8.93 billion pounds ($12.10 billion). Last month, EQT proposed a bid of 54 pounds a share, up from a previous offer of 51.50 pounds a share. Intertek said Friday that the decision was made unanimously and unequivocally. The offer significantly undervalues the company and there is significant execution risk given its conditional nature, it said.

Canada's unemployment rate rose ‌to a six-month high in April to 6.9% as the economy lost a net of 17,700 jobs in March, Statistics Canada data showed on Friday, indicating a continued weakness in the labor market which has struggled in the face of U.S. tariffs and ​trade uncertainty. Analysts polled by Reuters had predicted net job gains of 15,000 and an unemployment rate ​of 6.7%, almost mirroring the month of March when employment rose by 14,100 and the ⁠jobless rate was the same. The Bank of Canada said in its Monetary Policy Report last month that indicators ​such as the employment rate, hours worked and job vacancies suggest slack, or underutilized capacity, in the labor market, ​although layoffs remain modest.

Mattel investor Southeastern Asset Management has called on CEO Ynon Kreiz to explore strategic options for the toy maker to be taken private ​or bought out by rival Hasbro amid weak demand. The global ‌asset manager holds about 4%, or $170 million of Mattel's common stock, and has been an investor in the company for more than eight years, it said in an ​open letter to Kreiz on Thursday. A deal between Mattel and rival ​Hasbro was possible at this moment, Southeastern said, as the ⁠two companies have been engaged in on-an-off talks for decades.

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.

La nouvelle première ministre allonge 21 millions sur trois ans pour déployer un projet pilote à Montréal, Québec et Gatineau : 1000 unités sont ajoutées au PSL dans un nouveau volet « de prévention ». En clair, une personne qui risque de perdre son logement pourra être admissible au programme et verser un loyer équivalent à 25 % de leur revenu. « Si on veut que notre nation se prenne en main, on doit permettre à plus de personnes en situation d’itinérance de se prendre en main », a lancé Christine Fréchette lors d’une annonce jeudi à Lauberivière, un refuge pour personnes en situation d’itinérance, à Québec.

La Caisse a affiché un rendement annuel de 9,3 % pour l’année 2025, un résultat qui se situe sous celui de son portefeuille de référence à 10,9 %, en raison des « tensions géopolitiques » et de l’« incertitude tarifaire persistante ». Son PDG, Charles Emond, a reçu un salaire de base de 550 000 $, auquel se sont ajoutées différentes primes totalisant 4,5 M$ et d’autres avantages sociaux. Il a donc gagné 5,13 M$ en 2025, alors qu’il avait eu droit à 4,95 M$ l’année précédente. Tous les membres de l’équipe de direction ont vu leur rémunération augmenter par rapport à l’année précédente, à l’exception de deux d’entre eux.

Avec la Russie, la Chine est l’une des principales alliées de l’Iran, dont elle absorbait avant la guerre 80 % des exportations pétrolières. Pékin n’a eu de cesse de condamner l’offensive israélo-américaine depuis le début des frappes contre l’Iran le 28 février. La visite de Donald Trump à Pékin aurait dû avoir lieu en mars, elle a été repoussée aux 14 et 15 mai suite à l’éclatement du conflit. Le président américain promettait à l’époque une opération rapidement bouclée, en quatre à six semaines. Mais loin d’arriver en vainqueur en Chine, le président américain apparaît déstabilisé, voire fragilisé. L’issue du conflit reste incertaine, et la stratégie du président, alternant menaces spectaculaires et promesses de résolution diplomatique, est difficilement lisible.

Federal Reserve Governor Stephen Miran said on Friday that he hopes current central bank ​Chair Jerome Powell will stay on as a governor ‌only for a short period of time. “Transitions are important,” Miran said on Fox Business Network's program 'Mornings with Maria'. But, he said, “I think it's important to ​make sure that it's a transition period and that ​there's nothing sort of more nefarious” going on with Powell staying ⁠in his governor role when his term as chair ends ​on May 15. Kevin Warsh is on track to succeed Powell as ​Fed leader pending a vote in the Senate. Powell said last week in the wake of the latest Federal Open Market Committee meeting that after the ​conclusion of his leadership term, he would continue to serve for ​a time in his governor role that extends until 2028, while waiting to ‌see ⁠if the Trump administration's legal attacks on the central bank, widely derided as political in nature, end.

A major Mexican trade mission kicked off Thursday in Canada as both countries look to deepen business ties ahead of the review of the North American free-trade pact – one that’s seen the two countries take different approaches in talks with the United States. The mission is Mexico’s largest to Canada in recent memory, bringing more than 240 companies to Toronto and Montreal over two days for more than 1,800 business-to-business meetings. Mexico’s Secretary of Economy, Marcelo Ebrard, plans to meet with executives from major companies including Air Canada, Bombardier Inc., Brookfield Corp. and Canadian National Railway Co., among others. He is also slated to lead meetings between Mexican companies and Canadian investment funds, including the Ontario Teachers’ Pension Plan, one of the largest pension funds in the world.

U.S. oil and gas producer Devon Energy said on Thursday ​its board had approved a $8 ‌billion share repurchase program, a week after activist investor Kimmeridge called for higher shareholder returns.
Last week, Kimmeridge, a well-known ​activist investor in the ​energy sector, urged Devon's incoming board ⁠to swiftly pursue asset sales, ​improve capital allocation and revamp executive ​pay to boost shareholder returns once its $58 billion merger with Coterra Energy closes.

Flexible office-space provider Workspace said on Friday its board has rejected investor Saba Capital's proposal ​to wind down the business over 12 months, ‌calling the plan "not achievable" and unlikely to deliver the best value for shareholders. The company also said it received ​a shareholder request to change members of its ​board at its next annual meeting. Workspace has ⁠been under pressure as more companies adopt hybrid ​working, leading many businesses to reduce office budgets or ​delay signing leases.

Some Unilever investors ​are pressing for the giant food entity created by a $65 billion deal with U.S. peer McCormick to adopt the standards on ‌forestry and sustainabilty more broadly that the UK consumer products company has promoted. The second largest food transaction to date that was announced in March will combine the Unilever division with McCormick's into one company that includes brands such as Hellmann's mayonnaise and Cholula hot sauce. McCormick will take on oversight of a business nearly twice its current size and with a more complex global ​supply chain that will bring challenges linked to agriculture, commodities and small-scale farming. Given Unilever's historically leading position on sustainability, some investors are keen ​for reassurance its standards will be maintained.

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.