Artificial intelligence industry in Canada
Business
The past seven days, the most important first
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American food delivery company DoorDash announces an intent to acquire grocery delivery company Instacart for $17 billion in late 2027.
Business
Christine Lagarde, the president of the European Central Bank, resigns, saying she could not remain neutral on current events. She will step down from office in February 2027, eight months before her term officially ends.
2026 Iran war fuel crisis
The Bank of Canada raises its policy interest rate by 25 basis points to 2.5%, its first increase since July 2023, citing persistent inflation driven partly by higher oil and gasoline prices linked to the Iran war.
2026 Iran war fuel crisis
Villa Vie Residences suspends operations of the Odyssey in Sihanoukville, Cambodia, after running out of money amid sharply higher fuel costs, forcing 203 passengers to disembark with seven hours' notice.
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Jio Platforms raises US$3.2 billion in India's largest-ever initial public offering (IPO), attracting about $77 billion in bids and becoming the country's most-subscribed IPO before its stock-market debut in Mumbai.
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Boycott of Russia and Belarus
Seychelles-based cryptocurrency exchange KuCoin ends services for customers in Russia and Belarus, citing ongoing sanctions.
AI bubble
China's Shanghai Stock Exchange STAR Market index, which focuses on science and technology companies, plummets 40% in less than four months.
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