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Canadian Business Today: Press Releases

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Press releases published on July 5, 2025

Syria Rejects External Debt After Economic Breakthrough

Syria Rejects External Debt After Economic Breakthrough

(MENAFN) Syria's Central Bank Governor Abdul Qader Husariya delivered a decisive blow to traditional borrowing models Friday, announcing the nation will completely reject external financing under new leadership. "Syria, by order of President Ahmad al- …

Trump says Musk ‘a wonderful guy’

Trump says Musk ‘a wonderful guy’

(MENAFN) Former allies Donald Trump and Elon Musk have found themselves at odds in recent weeks, yet Trump still referred to the Tesla and SpaceX CEO as a “wonderful guy” during a Fox News interview on Sunday. Musk had harshly criticized Trump’s massive …

Trump is optimistic of sweeping tax, spending bill

Trump is optimistic of sweeping tax, spending bill

(MENAFN) President Donald Trump signed a wide-ranging tax and spending bill on Friday, describing it as a major step forward for the country’s economy. Dubbed the "One Big, Beautiful Bill," the legislation was presented during a Fourth of July military …

China Calls on U.S. to Bolster Economic Ties

China Calls on U.S. to Bolster Economic Ties

(MENAFN) China called on the United States to collaborate in fostering "stable" economic relations as President Donald Trump considers sending letters to several countries regarding his "Liberation Day" tariffs. Chinese Foreign Ministry spokesperson Mao …

Trump’s kid gives hints at possible White House run

Trump’s kid gives hints at possible White House run

(MENAFN) Eric Trump has suggested that he—or another member of the Trump family—could run for the U.S. presidency in 2028. In an interview with the Financial Times last Friday, the son of current President Donald Trump responded to a question about a …

Trump Admits Zero Breakthrough on Ukraine, Iran Talks

Trump Admits Zero Breakthrough on Ukraine, Iran Talks

(MENAFN) U.S. President Donald Trump's high-stakes diplomatic gambit with Russian leader Vladimir Putin collapsed Thursday, with the American leader admitting zero breakthrough on critical Ukraine and Iran discussions. "No, I didn't make any progress with …

Trump Signals Potential Ceasefire Deal with Hamas Next Week

Trump Signals Potential Ceasefire Deal with Hamas Next Week

(MENAFN) President Donald Trump indicated on Friday that a potential ceasefire between Israel and Hamas could be finalized by next week. Speaking to reporters aboard Air Force One, Trump described a “positive” response from Hamas to a U.S. peace proposal, …

Australia Allocates USD432M for Green Hydrogen Mega-Project

Australia Allocates USD432M for Green Hydrogen Mega-Project

(MENAFN) Australia has deployed a massive $432 million AUD ($283 million USD) financial weapon Friday to accelerate explosive manufacturer Orica's renewable hydrogen ambitions, marking a pivotal step in the nation's clean energy transformation. The Hunter …

Trump Enacts "One Big, Beautiful Bill" Amid Debt Concerns

Trump Enacts "One Big, Beautiful Bill" Amid Debt Concerns

(MENAFN) President Donald Trump delivered his signature legislative victory Friday, enacting the sweeping "One Big, Beautiful Bill" during a dramatic White House ceremony that he proclaimed would launch America's economic transformation. "This bill will …

South Korean President Approval Rating Jumps to to 65 Percent

South Korean President Approval Rating Jumps to to 65 Percent

(MENAFN) South Korean President Lee Jae Myung has seen his approval rating leap to 65%, according to a media poll released just as he enters his second month in office. The survey, conducted from July 1 to 3 among 1,001 adults, reflects growing public …

Blast at Gas Station in Italy Leaves Over Forty Wounded

Blast at Gas Station in Italy Leaves Over Forty Wounded

(MENAFN) A powerful explosion at a gas station in eastern Rome early Friday morning has left 45 people injured, including emergency personnel, according to media reports. The blast, which occurred at a station on Via Gordiani in the city's Prenestino …

Media reports ChatGPT provoking psychosis

Media reports ChatGPT provoking psychosis

(MENAFN) According to a report by Futurism.com, the use of AI chatbots like ChatGPT has been associated with the development of severe psychosis in certain individuals, including those with no prior history of mental illness. The outlet cited cases …

Pakistani PM addresses climate-related threats, proposing low-emissions corridor

Pakistani PM addresses climate-related threats, proposing low-emissions corridor

(MENAFN) At the Economic Cooperation Organization (ECO) summit held in Khankendi, Azerbaijan, Pakistani Prime Minister Shehbaz Sharif put forward a proposal for creating a regional low-emission corridor. He emphasized that ECO member countries are facing …

Trump states possible Gaza truce soon

Trump states possible Gaza truce soon

(MENAFN) President Donald Trump stated that a potential ceasefire between Israel and Hamas could be finalized as early as next week, pointing to what he called a “positive” reply from the Palestinian group to a U.S.-backed plan, according to reports on …

Fire Breaks Out Near Syria’s Presidential Palace

Fire Breaks Out Near Syria’s Presidential Palace

(MENAFN) An unexpected fire broke out Friday afternoon in brushland near the al-Shaab Presidential Palace, perched on a mountain overlooking the Syrian capital of Damascus, according to local media reports and eyewitness accounts. The blaze triggered …

Indonesia’s Mount Dukono Eruption Propels Ash Plume 1.1 km High

Indonesia’s Mount Dukono Eruption Propels Ash Plume 1.1 km High

(MENAFN) Mount Dukono, located in eastern Indonesia, erupted once again on Friday, sending a massive plume of volcanic ash soaring 1,100 meters (3,608 feet) above its peak, a state-run news agency. Bambang Sugiono, a representative from the Dukono Volcano …

Japan's PM Hits Back at Trump’s Rice Allegations

Japan's PM Hits Back at Trump’s Rice Allegations

(MENAFN) Japan’s Prime Minister, Shigeru Ishiba, firmly rejected US President Donald Trump’s recent claim that Japan refuses to import American rice, confirming that Tokyo has been purchasing rice from California. Ishiba urged Washington to recognize this …

China Slaps EU Brandy Imports with Harsh Anti-Dumping Duties

China Slaps EU Brandy Imports with Harsh Anti-Dumping Duties

(MENAFN) In a significant move on Friday, China announced it would impose anti-dumping duties and enforce price commitments on brandy imports from the European Union for the next five years, starting Saturday. This decision follows a comprehensive anti- …

French criminals use ‘UberKills’ service to order hits

French criminals use ‘UberKills’ service to order hits

(MENAFN) French organized crime groups are reportedly using a Telegram-based assassination service known as “UberKills” to arrange contract killings, according to Le Monde. The service operates through encrypted messaging, where clients send target …

Dutch PM is set to testify in case involving leaked documents

Dutch PM is set to testify in case involving leaked documents

(MENAFN) Dutch Prime Minister Dick Schoof is set to provide testimony in a high-profile criminal case involving a former counterterrorism official accused of leaking classified information to Morocco, according to reports from a Dutch court on Friday. The …

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