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POND INLET , NT , Nov. 21, 2024 /CNW/ - Partnering with Indigenous Peoples, communities and businesses is critical to building inclusive, sustainable and resilient natural resource sectors in Canada . Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced a $2.1-million investment under the Indigenous Natural Resource Partnerships (INRP) program to the Qikiqtani Inuit Association (QIA) for an Inuit-led project in Nunavut . Results of the project will include: QIA will purchase heavy equipment simulators dedicated to the Pond Inlet Research and Training Centre. Inuit Nunavummiut will be able to receive vital training in their home territory. Systemic barriers to Inuit participation in the natural resource economy will be reduced. Meaningful partnerships and engagement in the critical minerals sector will be advanced. The Government of Canada remains committed to advancing meaningful partnerships with Indigenous Peoples and enabling the development of innovative natural resource projects that will produce benefits for generations to come. Quote "Today's investment is about fostering Inuit mining expertise to create more jobs and drive economic growth in ways that advance economic reconciliation. It is our priority to enable the full participation of Indigenous partners in the development of a natural resource economy on our way to a clean energy future — a future where all communities can take advantage of technologies that reduce costs and provide job opportunities in vitally important industries." The Honourable Jonathan Wilkinson Minister of Energy and Natural Resources Quick Facts Mineral exploration and mining are among the largest private sector industries in Nunavut , accounting for 41.23 percent of the gross domestic product in 2021. In 2022, Nunavut was responsible for eight percent of total iron ore production in Canada . Budget 2022 allocated $80 million over five years, starting in 2022–23, to renew and expand the INRP program to all natural resource sectors and all regions of Canada . The expanded program provides targeted funding to Indigenous communities across Canada to build the capacity and establish the partnerships necessary to secure economic opportunities from natural resource projects and become equal partners in Canada's net-zero transition. The QIA is a Designated Inuit Organization under the Nunavut Agreement (Nunavut Land Claims Agreement). QIA is a regional Inuit organization representing the 13 Inuit communities in the Qikiqtani Region of Nunavut . Key to its mandate is the implementation of Inuit-led and Inuit-driven solutions for the betterment of the Qikiqtani Region. QIA aims to strengthen the benefits of Nunavut's mining industry by establishing educational facilities and training that will see an increased percentage of Nunavut Inuit youth hired in positions relating to critical minerals exploration, operations, research and monitoring. Related Information Indigenous Natural Resource Partnerships Critical minerals in Canada Iron ore facts Follow us on LinkedIn SOURCE Natural Resources Canada View original content: http://www.newswire.ca/en/releases/archive/November2024/21/c4303.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Marvell stock soars as strong AI demand yields earnings beat, strong guidanceNone
LeBron James made his Christmas debut in 2003. Victor Wembanyama was born 10 days later. That’s right: James has been featured on the NBA’s big day for longer than Wembanyama has been alive. And on Wednesday — when the league celebrates Christmas with games for the 77th time — the league’s oldest player and brightest young star will be big parts of the holiday showcase. It’s another Christmas quintupleheader, with Wembanyama and the San Antonio Spurs visiting the New York Knicks, Minnesota going to Dallas for a Western Conference finals rematch, Philadelphia heading to Boston to renew a storied rivalry, James and the Los Angeles Lakers taking on Stephen Curry and the Golden State Warriors, and Denver playing at Phoenix in the nightcap. “Very excited, of course,” Wembanyama said of his first Christmas game opportunity. “First of all, spending Christmas in New York, it’s going to be like the movies, I hope. Get a little snow.” His first Christmas wish came true: Light snow fell in Manhattan on Tuesday morning. James said he’s relishing another chance to share the holiday spotlight with Curry — someone he’s played against on Christmas three previous times. “Any time you get an opportunity to be on the court and compete against one of the greatest to ever play this game, you don’t take it for granted,” James — who turns 40 next week — said of facing his U.S. Olympic teammate. “I don’t know how many more opportunities we’ll get to go against each other.” The Christmas games have been looked at for decades as the time when more fans tend to start watching basketball. The NFL — which is going head-to-head against the NBA on Wednesday — is seeing its regular season winding down, and the five NBA games will all be shown nationally either on ABC or ESPN. The Spurs-Knicks game will also have a special alt-cast starring Mickey Mouse and some of his friends, the first animated presentation of an NBA game. It’ll be shown on ESPN2 and stream on Disney+ and ESPN+. “I wish there were more of our great players who had a chance to play on that stage on Christmas Day,” NBA Commissioner Adam Silver said. “It’s been an interesting turnaround from certainly my earlier days in the league when we got a lot of complaints about playing on Christmas — and now it comes the other way, which is, ‘Why aren’t we playing on Christmas?’ I wish we could accommodate even more teams.” Get local news delivered to your inbox!Bank of America signs again with FIFA for US-hosted Club World Cup that still has no TV dealsTORONTO — Canada's main stock index rose Wednesday, helped by strength in telecommunication and utility stocks, while U.S. stock markets moved lower. The S&P/TSX composite index closed up 83.16 points at 25,488.30. In New York, the Dow Jones industrial average was down 138.25 points at 44,722.06. The S&P 500 index was down 22.89 points at 5,998.74, while the Nasdaq composite was down 115.10 points at 19,060.48. The Canadian dollar traded for 71.25 cents US compared with 71.01 cents US on Tuesday. The January crude oil contract was down five cents at US$68.72 per barrel and the January natural gas contract was down 27 cents at US$3.20 per mmBTU. The February gold contract was up US$18.50 at US$2,664.80 an ounce and the March copper contract was up two cents at US$4.14 a pound. This report by The Canadian Press was first published Nov. 27, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) The Canadian Press
By ERIC TUCKER WASHINGTON (AP) — A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans, a top White House official said Friday. Biden administration officials said this month that at least eight telecommunications companies , as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, the deputy national security adviser for cyber and emerging technologies, told reporters Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China’s hacking sophistication. The hackers compromised the networks of telecommunications companies to obtain customer call records and gain access to the private communications of “a limited number of individuals.” Though the FBI has not publicly identified any of the victims, officials believe senior U.S. government officials and prominent political figures are among those whose whose communications were accessed. Related Articles National News | Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case National News | US homelessness up 18%, family homelessness doubles in NYC National News | One Good Thing: This is what made us happy in 2024 National News | Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds National News | Another jackpot surpasses $1 billion. Is this the new normal? Neuberger said officials did not yet have a precise sense how many Americans overall were affected by Salt Typhoon, in part because the Chinese were careful about their techniques, but a “large number” were in the Washington-Virginia area. Officials believe the goal of the hackers was to identify who owned the phones and, if they were “government targets of interest,” spy on their texts and phone calls, she said. The FBI said most of the people targeted by the hackers are “primarily involved in government or political activity.” Neuberger said the episode highlighted the need for required cybersecurity practices in the telecommunications industry, something the Federal Communications Commission is to take up at a meeting next month. “We know that voluntary cyber security practices are inadequate to protect against China, Russia and Iran hacking of our critical infrastructure,” she said. The Chinese government has denied responsibility for the hacking.O’Jays singer Eddie Levert’s youngest child Ryan dies at 22, years after brothers’ deaths
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US President-elect Donald Trump's proposals to impose sweeping tariffs on imports could counter earlier efforts to cool inflation, Treasury Secretary Janet Yellen said Tuesday, warning that consumer prices could rise. Her comments at the Wall Street Journal's CEO Council Summit come as Trump has vowed broad tariffs of at least 10 percent on all imports, and higher rates on goods from China, Canada and Mexico. Imposing broad-based tariffs could "raise prices significantly for American consumers and create cost pressures on firms" which rely on imported goods, Yellen said when asked about Trump's plans. She cautioned that this could weigh on the competitiveness of certain sectors and increase costs to households. "This is a strategy I worry could derail the progress that we've made on inflation, and have adverse consequences on growth," she said. But she defended efforts by President Joe Biden's administration to impose targeted tariffs on Chinese goods to counter unfair trade practices by Beijing. She has previously raised concern over China's industrial overcapacity -- which risks a flood of underpriced goods into global markets and could undermine the development of key US industries. On Tuesday, Yellen also expressed regret that the United States has not made more progress on the country's deficit, saying she believes it "needs to be brought down, especially now that we're in an environment of higher interest rates." She stressed the importance of an independent Federal Reserve too, saying that countries perform better economically when central banks are allowed to exercise their best judgment without political influence. Trump has said that he would like "at least" a say over setting the Fed's interest rate. "I think it's a mistake to become involved in commenting on the Fed and certainly taking steps to compromise its independence," said Yellen. "I believe it tends to undermine the confidence of financial markets and, ultimately, of Americans in an important institution," she added. Yellen noted that she has spoken with Trump's Treasury chief nominee, billionaire hedge fund manager Scott Bessent, congratulating him on his nomination. bys/bjt
bioAffinity Technologies stock hits 52-week low at $1.21Beyoncé has decided to play into Netflix’s previous technology issues during a promotional video for her NFL Christmas Gameday halftime show . The “Texas Hold ‘Em” singer will be performing at the halftime show during the Christmas Day NFL game between the Baltimore Ravens and the Houston Texans at NRG Stadium, in the Grammy winner’s hometown. To advertise the performance, Beyoncé shared a promotional video on both X (formerly Twitter) and in an Instagram post. The video shows the “Halo” singer sitting on a football field as she strums the banjo. However, as she pulls down her sunglasses the screen immediately starts buffering, paying homage to previous issues the streaming service had when airing the Mike Tyson vs Jake Paul fight back in November. After buffering the video ends with the singer winking as the Netflix logo appears alongside the Ravens and Texans logos. “I’m sending you big joy and love on this Cowboy Christmas Eve,” Beyoncé captioned her Instagram post. “I’ll see y’all tomorrow, in my city HTX.” Netflix even joined in on the joke as they commented underneath her X post, “now hold on...” They also changed their X bio to “roasted by beyoncé 12.24.24.” The Texans vs Ravens game will start at 4:30 p.m. ET. This will mark the first time Beyoncé will be performing any songs from her Cowboy Carter album live since it was released in March. The games are part of the three-season deal Netflix signed for $75 million for exclusive Christmas Day game rights. They will also be airing at least one NFL game on Christmas Day in 2025 and 2026 as part of the deal. Throughout the Tyson and Paul fight many people turned to X to complain about how they had seen more buffering symbols on their screens than the fight itself. “I’d love to watch this live but I’ve seen the buffering logo more than any of the fights,” one tweet read. Fans were concerned about how Netflix was going to be able to handle their first year of broadcasting NFL games given their struggles airing the fight. Howard Stern specifically spoke about the buffering issues on his Sirius XM radio show. “I don’t know how this stuff works, but you gotta make sure it works,” Stern said. “You f*** up people’s football, there is hell to pay. You better not.” Shortly after the fight, Netflix’s Chief Technology Officer Elizabeth Stone addressed the complaints , reportedly telling employees: “This unprecedented scale created many technical challenges, which the launch team tackled brilliantly by prioritizing stability of the stream for the majority of viewers.” “I’m sure many of you have seen the chatter in the press and on social media about the quality issues.” “We don’t want to dismiss the poor experience of some members and know we have room for improvement, but still consider this event a huge success,” the CTO concluded, noting that over 60 million viewers streamed the match. In addition to the Ravens vs Texans game, Netflix will also be airing another game at 1 p.m. ET where the Kansas City Chiefs will take on the Pittsburgh Steelers at Acrisure Stadium in Pittsburgh.