Find us on Facebook Follow us on Twitter

World Business

Canadian mining company Nevsun says allegations of human rights abuses unfounded

VANCOUVER — A Vancouver-based mining company says allegations of human rights violations at the Bisha open pit mine in northeastern Africa are unfounded and it will defend itself from a civil suit filed this week in B.C. Supreme Court.

Nevsun Resources Ltd. (TSX:NSU) says it will “vigorously” defend itself from the civil suit filed Thursday by a lawyer representing three former employees. READ

U.S. Senate debates Keystone XL before milestone vote on pipeline bill

The U.S. Senate is poised to vote for the first time on the Keystone XL pipeline this evening — a milestone in a drawn-out political dogfight that has dragged on for years. READ

Potential pitfalls to pipeline progress: Obama veto just one way to stop KXL

The wild and unexpectedly speedy ride of Keystone XL legislation through the U.S. Congress late Wednesday had supporters of Canadian oil hopeful of a celebratory end to the project’s six years of stagnation. READ

Prime Minister Harper in New Zealand for talks on trade, world hot spots

Stephen Harper is meeting today with his New Zealand counterpart in the first official visit by a Canadian prime minister since Jean Chretien made the lengthy trip exactly 19 years ago. READ

Harper heads for New Zealand for talks with ally seeking end to dairy tariffs

Stephen Harper arrives in New Zealand today for an official visit with the country’s prime minister that will include discussions on a touchy subject between the otherwise friendly leaders — Canada’s heavily protected dairy sector. READ

Asia-Pacific leaders endorse work toward China-backed trade deal

Leaders of Asia-Pacific economies agreed Tuesday to begin work toward possible adoption of a free-trade pact proposed by China, the Chinese president announced, giving Beijing a victory in its push for a bigger role in making trade policy. READ

Head of China’s Amazon wants to sell 200,000 Canadian lobsters on his site

Chinese e-commerce juggernaut Alibaba hopes to sell 200,000 Canadian lobsters next week, its founder declared Friday — one dividend of Stephen Harper’s ongoing effort to cultivate “pretty important” economic ties between the two countries. READ

Canadian oil likely an early item on the agenda for the new U.S. Congress

Alberta’s stalled Keystone XL pipeline project appears poised to become one of the first orders of business in the new U.S. Congress, where Tuesday’s Republican romp could end up impacting several Canadian industries. READ

Former ambassador not confident Keystone will be approved

MONTREAL — A former Canadian ambassador says he’s less confident now than he was a few years ago about the U.S. giving the Keystone XL pipeline project the green light. READ

German town which once drew neo-Nazi marches now welcomes jobless foreigners

A small town in Germany that once was a pilgrimage site for neo-Nazis is now welcoming jobless foreigners with open arms. READ

European finance minister buoy Greece, talk ceding budget sovereignty

Eurozone ministers threw a lifeline to Greece on Tuesday as they scrambled to prevent financial chaos from spreading further and driving Europe’s common euro currency into a catastrophic breakup. READ

Chinese manufacturing shrank the most since March 2009 in November: HSBC report

Concerns about a hard landing for the Chinese economy grew Wednesday after the latest read on the country’s manufacturing sector for November found it shrank to its lowest level since March 2009. READ

Greek leader backs country’s fiscal targets

In an abrupt U-turn, Greece’s conservative junior coalition leader has written to international creditors telling them he backed the country’s fiscal targets, clearing a major sticking point to get a desperately needed loan that will prevent a devastating Greek bankruptcy. READ

Europe’s market turmoil spreads

Fear, that contagious emotion, spread from country to country in Europe on Thursday as panicky investors worried the euro currency union could be heading toward an ugly breakup. READ

Italy’s new government passes first confidence vote

Italy’s new technocratic government has won a crucial confidence vote in the Senate to pursue widespread reforms and austerity aimed at staving off the sovereign debt crisis and saving the euro currency. READ

No politicians in Monti’s new Italian government

Premier Mario Monti formed a new Italian government without a single politician Wednesday, drawing from the ranks of bankers, diplomats and business executives to create a team to steer Italy away from financial disaster. READ

Get your fiscal house in order, Flaherty tells U.S. in speech

NEW YORK — It’s not often a Canadian politician goes to the United States to offer advice publicly, but Finance Minister Jim Flaherty did just that Wednesday, telling a U.S. business audience that Washington needs to get its fiscal house in order. READ

Irish government faces likely ouster, banks fall

DUBLIN, Ireland — The Irish government stood on the brink of collapse Monday, a day after being forced to accept a massive bailout from the European Union and the International Monetary Fund. READ

Greece debt crisis spreads, Spain faltering

BERLIN — Europe’s debt crisis has spread its contagion to another country as a major agency downgraded Spain’s credit rating, even as Germany grudgingly moved closer to bailing out Greece from imminent collapse. READ

Chavez threatens to nationalize gold mining

President Hugo Chavez threatened on Sunday to nationalize gold mining concessions in Venezuela, accusing mining companies of damaging the environment and violating workers’ rights. READ

NEXT PAGE
follow us on twitter

Featured partners