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First Quantum shares sink 28 per cent after Panama announces referendum on mine deal

Published Tue, 24 Dec 2024 02:37:21 GMT

TORONTO — Shares in First Quantum Minerals Ltd. lost more than a quarter of their value on Monday after the president of Panama said over the weekend that he would hold a referendum on a law that cleared the way for the company’s Cobre Panama mine.The vote on whether or not to repeal the law will be held on Dec. 17 and the results will be binding, the president said Sunday.The decision by the government comes after protesters took to the streets in Panama demanding the government rescind the contract with First Quantum.The referendum brings fresh uncertainty over the company’s operations in the country.The company and Panama’s government reached a deal in March that supposedly ended a long-standing dispute over profit sharing at the mine and included substantially higher payments to Panama. The contract was enacted into law on Oct. 20.First Quantum shares closed $7.96, or 28 per cent, at $20 on Monday on the Toronto Stock Exchange and saw more than five times more ...

CEO John Chen out at BlackBerry as company prepares to divide business

Published Tue, 24 Dec 2024 02:37:21 GMT

WATERLOO, Bahamas — BlackBerry Ltd. says CEO and executive chairman John Chen will retire from the company at the end of this week.The Waterloo, Ont.-based technology firm says Chen will depart on Nov. 4 and his roles will taken up by Richard (Dick) Lynch, while BlackBerry completes its search for a permanent chief executive.Chen joined BlackBerry in November 2013 with a mission to restructure the company from a smartphone maker into a cybersecurity software and services firm.In recent months, he was working on dividing BlackBerry’s cybersecurity operations from its internet of things business, which he planned to take public.The company also told shareholders it was exploring a range of strategic alternatives to enhance the value they derive from the business, which lost US$42 million in the second quarter of its 2024 fiscal year.Prior to joining BlackBerry, Chen was an electrical engineer who served as CEO of Sybase, a California-based enterprise software company.“It h...

Fiscal and monetary policy rowing in opposite directions, Macklem says

Published Tue, 24 Dec 2024 02:37:21 GMT

OTTAWA — Bank of Canada Governor Tiff Macklem says fiscal and monetary policy are rowing in opposite directions, making it harder to bring inflation down. Macklem is appearing before MPs on the House of Commons finance committee after the Bank of Canada’s recent rate decision and quarterly economic projections. In response to questioning from Conservative MP Jasraj Singh Hallan, the governor says government spending is working at cross purposes with the central bank’s efforts to bring inflation down.The governor says that according to federal and provincial budgets, government spending aggregate will grow faster than supply in the economy over the next year, adding upward pressure to inflation. The Bank of Canada opted to maintain its key interest rate at five per cent last week, but left the door open to more rate hikes if inflation remains high. The Bank of Canada is expecting the country’s annual inflation rate, which came in at 3.8 per cent in September, to ret...

No change for the Bears at quarterback this week

Published Tue, 24 Dec 2024 02:37:21 GMT

LAKE FOREST, Ill. — There will not be a change for the Bears at quarterback - and Matt Eberflus didn't even wait till the end of the week to make it official.On Monday, the head coach already ruled out starter Justin Fields for their game against the Saints in Week 9 as he continues to rehab a dislocated thumb. The past two weeks, Eberflus had waited until Friday to declare the quarterback out, listing him as doubtful the last two Mondays.With the definitive announcement this week, rookie Tyson Bagent will get his third consecutive start for the Bears at Noon at the Caesars Superdome in New Orleans. Injured in the second half of the Bears' Week 6 loss to the Vikings at Soldier Field, Fields continues to be classified as "week-to-week" by the Bears. Just like before, there is no sign that the Bears are looking to place the quarterback on injured reserve or an indication that he'll need surgery. "He's progressing, I can just say that," said Eberflus when asked if Fields can grip a fo...

Emails reveal details in Delphi murders evidence leak

Published Tue, 24 Dec 2024 02:37:21 GMT

CARROLL COUNTY, Ind. -- Amongst hundreds of pages of documents filed with the Indiana Supreme Court are copies of an email chain that confirm the death of an individual involved in leaking sensitive Delphi murders crime scene evidence to online groups. Buried in a 240-page filing are copies of email exchanges between Judge Frances Gull, Carroll County Prosecutor Nicholas McLeland and Richard Allen's original defense team of Brad Rozzi and Andrew J. Baldwin. Richard Allen files brief with Indiana Supreme Court, claiming judge abused power by striking motions from record According to previous reports and an email from McLeland, defense attorney Andy Baldwin informed the judge and the Carroll County prosecutor on Oct. 10 that his former employee had gone into his office sometime in August and taken pictures of sensitive crime scene evidence related to the murders of Abby Williams and Libby German in Delphi in February of 2017. This former associate then forwarded this sensitive info...

How to watch 'It's the Great Pumpkin, Charlie Brown' this Halloween

Published Tue, 24 Dec 2024 02:37:21 GMT

(WHTM) -- If your Halloween plans include watching the 1966 classic "It's the Great Pumpkin, Charlie Brown," here's how to make it happen.The movie is available only on Apple TV+ for subscribers to watch anytime. If you aren't a subscriber and you missed the two-day free streaming window that the company offered earlier this month, there is also an option to sign up for a free trial with Apple TV+.For those who are also fans of the other Charlie Brown holiday specials, including “A Charlie Brown Thanksgiving” and “A Charlie Brown Christmas,” there are still upcoming opportunities to watch these movies for free ahead of their respective holidays. What is the most popular Halloween candy in 2023? The free, non-subscriber streaming window for "A Charlie Brown Thanksgiving," will be from Saturday, Nov. 18, to Sunday, Nov. 19. This year will be the movie's 50-year anniversary.The window for "A Charlie Brown Christmas" will be from Saturday, Dec. 16, to Sunday, Dec. 17.This marks the ...

Lino Lakes murder charge: Man serving life for killing toddler in Maplewood said he ‘snapped,’ killed cellmate

Published Tue, 24 Dec 2024 02:37:21 GMT

A man convicted of killing his girlfriend’s toddler in Maplewood is now charged with the murder of his cellmate, who was a sex offender, at the Lino Lakes prison.Kyle John Kelbel, 42, told a correctional officer on Oct. 5 that his cellmate was dead and made comments indicating he’d killed him, according to a criminal complaint filed Monday by the Anoka County attorney’s office. Steven Paul Patchen, 63, was pronounced dead.Kyle John Kelbel (Courtesy of the Minnesota Department of Corrections)Minnesota Bureau of Criminal Apprehension agents interviewed Kelbel that afternoon and he said he “just snapped” and killed Patchen, according to the complaint. He said he was annoyed with Patchen “and believed he would ‘maybe beat him up’ at some point.”The night before, about 10:10 p.m. Oct. 4, Kelbel said he was entering his bunk when he “had words” with Patchen. Kelbel said he should “kick his (expletive)” and Patch...

NY Senators zero in on illegal cannabis shops

Published Tue, 24 Dec 2024 02:37:21 GMT

ALBANY,N.Y. (NEWS10)--- During a Senate hearing in Albany, both Democratic and Republican lawmakers criticized the legal cannabis rollout in New York State. One of their top concerns— illegal cannabis shops."Law enforcement has raised concerns over the enforcement of the illegal market place, which seems to be growing, not taken out of the picture," said Senator Joe Griffo. "So do you believe and see the sense of urgency here? What can we do to correct this problem now?""I think a solution to many of the problems, both on the supply chain side as well as it relates to illicit shops, is the opening of more legal shops," responded Christopher Alexander, Executive Director of the Office of Cannabis Management." We have to close the illegal ones and open more legal ones. When folks have a better alternative, as we have seen on Long Island for example, folks will go to that shop."Senator Brad Hoylman-Sigal listed several illegal stores in his district, saying some have been selling to hi...

Common Roots now a two-building brewery in South Glens Falls

Published Tue, 24 Dec 2024 02:37:21 GMT

SOUTH GLENS FALLS, N.Y. (NEWS10) - A couple short years ago, the family behind Common Roots Brewing Company welcomed the community into its rebuilt taproom and restaurant, after the original was destroyed by a fire in 2019. This week, that same family cut the ribbon on a new building that almost mirrors the other - and is located just across the parking lot. Get the latest news, weather, sports and entertainment delivered right to your inbox! On a rainy Monday, the Weber family welcomed supporters of all kinds inside Common Roots' new Bierhall Barrel House. The new facility is located on the same side of Saratoga Avenue as the restaurant and brewery that has filled up beer cans and served fresh pizza since the end of COVID-19 lockdown. This one turns the brewery's little segment of South Glens Falls into something of its own campus - and allows for a fresh look into the future."My 90-year-old grandmother was visiting last night - you would totally think she was only 81," said Comm...

Police investigating Guilderland rollover crash

Published Tue, 24 Dec 2024 02:37:21 GMT

GUILDERLAND, N.Y. (NEWS10) -- The Guilderland Police Department announced they are investigating a rollover crash that occurred on October 30. The accident took place in the area of 3970 Western Turnpike. Get the latest news, weather, sports and entertainment delivered right to your inbox! On Monday afternoon, upon arriving at the scene, police determined that the driver of a Volkswagon Passat had been traveling eastbound when they lost control of the car after passing another vehicle. The Passat preceded to flip over, resulting in the ejection of the driver, identified as Noah Crawford, 27. Emergency medical personnel transported Crawford to Albany Medical Center to be treated for non-life-threatening injuries. No other vehicles were involved in the crash. Colonie man sentenced for child sex trafficking According to police, speed was a factor in the accident. The investigation remains ongoing.