GovernmentSupport

Japan's Commitment to Rapidus: Supporting Semiconductor Growth Despite Delays

5 days ago

In a significant move to bolster its semiconductor industry, Japan has declared its unwavering support for Rapidus Corp., even amid potential delays in the company’s goals. This assurance comes from the recent comments made by Japan’s chip czar, who emphasized the necessity of fostering domestic semiconductor production as the nation seeks to enhance its competitiveness in the global market.

Imperial Oil Seeks Increased Support for Ambitious $11 Billion Carbon Capture Project

10 days ago

In a bold move underscoring its commitment to sustainability, Imperial Oil has called for enhanced assistance from the Canadian government to support its monumental $11 billion carbon capture and storage initiative linked to the Alberta oil sands. This project aims to significantly reduce greenhouse gas emissions while bolstering Canada’s position in the global energy market.

Mexico Allocates $6.7 Billion to Support Pemex Amid Debt Repayment Pressures

1 month ago

In a significant move to bolster the financial stability of Mexico’s state-owned oil company, Petróleos Mexicanos (Pemex), the Mexican government has announced a substantial cash transfer of $6.7 billion. This strategic allocation is intended to assist Pemex with looming debt payments due in 2025, reflecting the government’s commitment to ensuring the company's solvency and operational continuity.

Sharp Decline in Number of Canadian Firms Marks Largest Drop Since Pandemic

3 months ago

The business sector in Canada witnessed its most significant contraction in June since the beginning of the COVID-19 pandemic, reminiscent of economic tremors that shook the world at the beginning of 2020. According to statistics recorded, the number of active operating businesses slumped significantly in June, underlining rising economic anxieties amid an impending recession.