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Canada - November 5
These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. THE GLOBE AND MAIL India and China have imposed steep tariffs of 30% and 100% on Canadian yellow peas. This has crippled exports to Canada’s two biggest markets, and prompted farmers to call for Ottawa to resolve the trade disputes. The first federal budget of Prime Minister Mark Carney encourages private sector investment with targeted incentives and infrastructure expenditures. However, it falls short on sweeping regulatory or tax reforms. Business leaders are now looking for bolder actions amid economic uncertainty and U.S. Trade pressures Maple Corp, a telehealth provider, has acquired Beyond ADHD, a New Brunswick-based startup, to expand virtual care services for Canadians suffering from attention deficit hyperactivity disorders. The acquisition is part of Maple Corp's efforts to increase its service offerings in response to the growing demand and limited access to public health care. Financial terms have not been disclosed. NATIONAL POST Ottawa's agreement with graphite mining company Nouveau Monde is designed to counter China's dominance of battery-grade graphite, by securing the domestic supply and enabling niche market sales. It could be a template for Canada's larger critical minerals strategy. The federal budget for 2025 in Canada has opened the door again to airport privatisation. It proposes lease extensions and incentives to attract private investment, while allocating C$55.2 (about $39.36 million) to safety upgrades at regional airfields beginning in 2026. ($1 = 1,4024 Canadian Dollars) (Compiled from Bengaluru Newsroom)
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Wallenius Wilhelmsen, a car transporter, warns that US port fees will increase the cost of automakers.
Wallenius-Wilhelmsen, a car transporter, told customers on Wednesday that they could be charged an additional $200 to $300 for each vehicle if they want to ship their vehicles to the U.S. In mid-October, the U.S. increased port fees for foreign-built vessels as a result of a dispute between China & the U.S. This prompted Wallenius Wilhelmsen to withdraw its financial forecast. The company operates "roll-on/roll off" carriers which ship cars & heavy machinery around world. Lasse Kristoffersen, Chief Executive Officer of the company, said: "We are clear that this is an extra cost that we have been given that we must pass on to our clients." The late-October agreement reached between U.S. president Donald Trump and Chinese president Xi Jinping allowed a 12-month reprieve on the tit for tat fees charged by each other to their ships. This delayed changes that could have cost shipping companies millions and disrupted vessel schedules. Wallenius, however, said that it is still unclear if the suspension includes port fees for roll on/roll off carriers. It also warned that the total cost exposure in the fourth quarter may reach around $100 million without mitigation measures or customer compensation. Marie Mannes reported; Terje Solsvik edited, Louise Rasmussen, Conor Humphries and Conor Humphries provided editing.
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Maguire: The higher gas consumption in Germany is a hindrance to Europe's efforts to stockpile.
The highest levels of gas-fired electricity generation in Germany since 2021 have sabotaged regional efforts to replenish gas stocks ahead of peak gas-fired demand. The region is exposed to volatility in power prices as winter approaches, when demand for power across the continent is at its highest. LSEG data show that the increase in Germany's gas consumption is primarily due to a persistent slump in the power generation from hydropower and wind farms. The jump was around 15% in the first 10 month of 2025 compared to the previous year. The continued low wind power production heading into the winter could force German utilities maintain their recent higher levels. This would lead to a tightening of regional gas supplies, as well as higher prices for electricity. GASSED UP Data from LSEG show that Germany's gas-fired electricity generation in the first 10 month of 2025 was 41.6 gigawatts hours (GWh). This is the highest amount for this period since the Russian invasion of Ukraine 2022, which slowed down regional gas markets. Germany had been the leading destination for Russian gas supplied by pipeline, but it was also a major driver in European efforts to reduce purchases of Russian energy as a response to the attack on Ukraine. Gas-fired power plants will account for less than 15% of electricity in 2022, compared to more than 17% in 2020, following the reduction in Russian gas supplies. The country has been unable to adjust to the sudden shortage of gas and has imported much of it from other sources, including LNG, which is much more expensive. Ember data show that the rebound in gas supplies in general has led to a steady increase in Germany's use of gas. As far as 2025, gas accounts for 19% in electricity, the highest figure for January-October since at least 2015. CLEAN CUTS Utility companies have also been forced to burn more gas due to a long stretch of poor generation from hydro dams and wind farms. LSEG data show that from January to October the combined power generated from wind and hydro assets fell by 7% compared to the same period in 2024. This is the lowest figure for this period since 2022. In the first 10 month of 2024, combined wind and hydro power accounted 34% of Germany’s total electricity generation. However, so far in 2025 it has accounted for slightly less than 31%. According to LSEG, German utilities were forced to increase their fossil fuel generation to offset the drop in clean energy. Coal-fired production increased by around 4% compared to last year, and total fossil fuel production rose by 6%. TAKING STOCK Gas-fired power generation has been higher than usual this year, resulting in a slower filling of Germany and Europe's storage of gas. These buffers are critical to protect against the global market fluctuations during periods of high demand. Germany has the largest gas stockpiles in Europe, with about 25%. This is more than any other country. The pace at which Germany builds its gas stocks can have an impact on stockpile levels throughout the region. Germany's storage system for gas is around 86% full. However, storage tanks are typically full by this time of year because the need to generate more gas during winter is expected. LSEG data indicates that Germany's storage tanks were at 108% nameplate capacity on average as of the last three years. This means that inventories are still well below normal. LSEG data shows that the lower gas stocks in Germany also reflect in Europe's total gas storage system. It is currently only 83% full, compared to a 96.5% average at this time of year since 2022. WIND WATCH German wind farms are likely to have a major impact on whether Germany's stockpiles of gas will be enough to meet Germany's energy needs in 2026. LSEG data show that the total output of wind power in Germany has been down by around 4% so far this year compared to the previous year due to wind speeds below normal at the turbine level. Winter months are usually characterized by a drier climate, which increases wind production levels dramatically as we move into the New Year. According to the latest LSEG short-term forecasts, German wind power generation will remain below average until the middle of the month. This increases the likelihood of high gas-fired electricity production in the near future. The longer-range forecasts for next spring continue to indicate that wind generation will be close to long-term average. If correct, this should limit the need for gas output in the winter. If Germany's Wind Farms continue to be prone for long stretches to sub-par production, it could lead to further periods of high gas power generation, which would trigger new increases in regional gas price and further drawdowns on gas stocks. These are the opinions of a columnist who writes for. You like this article? Check it out Open Interest The new global financial commentary source (ROI) is your go-to for all the latest news and information. ROI provides data-driven, thought-provoking analysis on everything from soybeans to swap rates. The markets are changing faster than ever. ROI can help you keep up. Follow ROI on You can find us on LinkedIn.
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Sources say that Russia's Tuapse has halted fuel imports following drone attacks and the refinery was shut down.
According to two industry sources, and LSEG ship tracking, Russia's Black Sea Port of Tuapse suspended fuel exports while the local refinery halted crude processing following the November 2 Ukrainian drone attack on its infrastructure. Ukraine announced on Sunday that its drones had struck Tuapse - one of Russia's major Black Sea oil port - causing an explosion and damage to at least one vessel. This was part of Kyiv’s effort to undermine Russia’s war economy through targeting its energy infrastructure. The regional administration confirmed that the strike caused an fire in the port. Since several months, Ukraine has been attacking Russian oil refineries and depots. Ukrainian energy infrastructure is also the target of Russian attacks in a conflict that has been going on for nearly four years. Sources said that the Rosneft controlled refinery, which exports the majority of its production, stopped processing the next day due to damage done to the port infrastructure. Rosneft, the Russian port agency and other companies did not respond to our requests for comments. Tuapse was expected to increase oil product exports by November before the attack. LSEG data shows that three tankers docked in the port for the loading of diesel, fuel oil, and naphtha during the attack. The data indicated that all vessels had been moved from their berths by Wednesday and were anchored in the vicinity of the port. The Tuapse export-oriented plant has a capacity of processing 240,000 barrels per day of oil. It produces naphtha as well as fuel oil, vacuum gasoline, and high sulphur diesel. The refinery supplies mainly China, Malaysia and Singapore. Reporting by Guy Faulconbridge; Editing by Tomasz Janowswki and Guy Faulconbridge
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The European air defences are put to the test by Russia's suspected "hybrid warfare"
Since September, Russia's drone incursions into European NATO countries and violations of airspace have increased. In that month, more than 20 Russian drones invaded Polish airspace while three Russian military jets violated Estonian airspace for twelve minutes. Since then, drones, whose origin is mostly unknown, have disrupted the airspace operations across Europe. While she did not say that Russia was behind all of the incidents, Ursula von der Leyen, the President of the European Commission called them "hybrid war". She also said it was obvious Russia's goal was to "sow divisiveness" in Europe. Here are the most notable airspace violations reported this year. BELGIUM After drones were spotted on Tuesday night, the airports of Brussels and Liege were closed. Many incoming flights were diverted and others were prevented from taking off. Brussels Airport reopened on Wednesday morning, though some flights had been cancelled or delayed. Theo Francken, Belgian Minister of Defence, said that the police were investigating sightings of drones above Kleine Brogel Air Base in North-East Belgium. Last week, the country launched an investigation after two drones were seen flying over a base in the south-east of the country. A second inquiry was opened last month, after multiple drones flew over Elsenborn near the German border. CZECH REPUBLIC According to the Institute for the Study of War, the Czech army reported on 10 September that it detected an increasing number of drones unidentified flying over its military installations. DENMARK In September, drones disrupted the air traffic in six Danish airports, including Copenhagen, which is the busiest airport in the Nordic region. Prime Minister Mette Fredericksen described it as a hybrid assault on her country. ESTONIA On September 19, three Russian military jets violated the airspace of NATO member Estonia for 12 minutes before NATO Italian fighter planes cleared them out. GERMANY Local media reported that the Berlin and Bremen airports were briefly closed over the weekend following two separate drone sightings. Bild newspaper reported that drones had been spotted in Germany at airports and military bases earlier in October. The report suggested that sightings on the 3rd of October at Munich Airport were just the tip. On September 26, the interior ministry in Schleswig-Holstein, Germany said that drones were spotted overnight. They are being investigated as possible agents of espionage or sabotage. LITHUANIA The National Crisis Management Centre reported that NATO member Lithuania had closed Vilnius Airport on October 28 and Belarus border crossings after several objects identified as helium-filled balloons entered its airspace. This was the fourth incident of this kind in the past week. On October 23, the country claimed that two Russian military planes had violated its airspace. This prompted a formal NATO protest, and NATO forces reacted. Russia denied this incident. NORWAY Oslo Airport in Norway temporarily halted landings on early October 6, following a report that a drone was sighted near the airport. This was confirmed by Avinor, the airport's operator. POLAND On October 30, Wladyslaw KOSINIAK-KAMYSZ, the Polish Minister of Defence, confirmed that a Polish MiG-29 intercepted a Russian reconnaissance aircraft over the Baltic Sea. The army of the country said its jets intercepted on October 28, a Russian aircraft that was flying a reconnaissance flight in international airspace above the Baltic Sea. About 20 Russian drones invaded the airspace of the country on the night between September 9-10. NATO responded to the intrusion with F-35 and F-16 jet fighters, helicopters, and a Patriot system of air defence. ROMANIA The defence ministry reported that Romania sent fighter jets to the skies on 13 September when a drone violated Romania's airspace as part of a Russian attack near the border on Ukrainian infrastructure. According to ISW, the flight operations at Palma de Mallorca Airport have been temporarily suspended following drone sightings on October 20, 2018.
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Bpost Belgium lowers its capital expenditure plans following a surprise Q3 loss
Bpost, the Belgian postal service, reported a surprise operating loss in its third quarter, due to seasonal weakness, and lowered its capital expenditure guidance for this fiscal year. The adjusted loss before taxes and interest was $3.5 million, compared to the profit of $10.3 million euros from a year ago. Analysts surveyed by the company expected a adjusted operating profit to be 6.7 million euro. The company reduced its forecast for gross capital expenditures to 140 million euros from 180 million euros earlier, and stressed the importance of disciplined spending in a gradual approach toward 2026. In a press release, CEO Chris Peeters stated that "all our attention is now focused on the crucial period of year-end". Bpost expects to achieve an adjusted operating profit of around 180 millions euros for the full year.
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Wall Street Journal, November 5,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. A UPS plane crashed near Louisville, Kentucky. At least four people were killed and 11 injured. The number of fatalities is expected to rise. Sunway Healthcare in Malaysia will begin engaging with investors soon ahead of an IPO planned that could raise as much as $1 billion. Bain Capital and Perpetual, an Australian investment manager, are in exclusive discussions about the sale of their $14 billion wealth management business. Donald Trump, the U.S. president, has renominated Jared Isaacman as NASA's new director. This reverses a decision he made five months ago to pull his support. TrumpRx, the weight loss drug program offered by the Trump administration, is currently negotiating with Eli Lilly to reduce prices on their drugs. ChrysCapital has raised $2.2billion for its latest fund. (Compiled by Bengaluru Newsroom)
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Taiwan: China ignores requests for information about new airport safety concerns
Taiwan's Civil Aviation Administration stated on Wednesday that China had not provided any information regarding a new airport that will open in the next year, less than 10 kilometers (6 miles) away from a Taiwanese Airport. This raises flight safety concerns. Xiamen's Xiang'an Airport is located only 3 km away from Taiwan's Kinmen Islands, the site of the Cold War's on-off battles. Construction work can also be heard and seen from Taiwan. Taiwan's Civil Aviation Administration sent a statement to saying that close airports need to be planned and coordinated in advance to ensure safety and smooth operation. It said that the administration had requested China to provide information on planning in order to assess the impact of Xiang'an Airport on Kinmen Airport. The report added, "However the relevant Chinese civil Aviation authorities have not provided us with any information up to date." It said that China has an obligation to make sure the newly constructed Xiamen Xiang’an airport does not interfere with our airspace. "The Civil Aviation Administration urges the Chinese air traffic controllers to start discussions with us immediately." Requests for comments were not immediately answered by either the Civil Aviation Administration of China or China's Taiwan Affairs Office. Kinmen Airport mainly offers domestic flights, but also charters to international airports. China's government has refused to speak with Taiwan President Lai Ching Te, calling him a "separatist". Taiwan officials are concerned that China may try to exert control over Kinmen through a development plan which will be unveiled early next year. They see Xiamen airports as a potential part of this plan. Taiwan and China have had previous clashes over the safety of flights around Taiwan's offshore island, as well as China's opening new flight routes through the Taiwan Strait. Taipei also denounced this move by China to be unilaterally made without consultation. Taiwan controls the Kinmen and Matsu Islands, located just off the coast of China, ever since the defeated Republic of China fled to Taipei after losing the civil war against Mao Zedong’s communists in 1949. Reporting by Ben Blanchard, Editing by Raju Gopikrishnan
Red Sea insurance almost doubles after attacked oil tanker appears to leak oil
The cost of insurance coverage for ships cruising through the Red Sea has actually almost doubled after Yemen's Houthis assaulted a tanker that appears to be leaking oil, with environmental worries growing for trade route, market sources stated on Wednesday.
Iran-aligned Houthi militants first released aerial drone and missile strikes on the waterway in November in what they state is uniformity with Palestinians in Gaza. In over 70 attacks, they have sunk two vessels, seized another and killed a minimum of three seafarers.
In the current escalation, the Greek-flagged Sounion tanker was attacked recently by several projectiles and appears to be leaking oil, the Pentagon said on Tuesday.
A 3rd party had tried to send out two yanks to assist salvage the Sounion, however the Houthis threatened to assault them, the Pentagon added.
Insurance coverage industry sources, speaking on condition of privacy, said on Wednesday additional war risk premiums, paid when vessels sail through the Red Sea, were priced estimate up to 0.75%. of the vessel from 0.4% before the attack, although they were. greater at 1% in February according to industry assessements of. levels of danger.
The current rise in expense can add up to numerous. thousands of dollars for a voyage through region, although rates. for Chinese-owned vessels have depended on 50% lower given that. February due to less danger of being targets, sources added.
One industry source said some underwriters were currently. not offering cover through the region because of the capacity. danger of the tanker sinking.
An official with the European Union's Aspides marine mission. cited a letter sent on Aug. 28 to maritime rescue coordination. centres, saying it was evaluating the expediency of protective. procedures such as towing the Sounion.
This circumstance poses a major and impending threat of. local pollution, with coastal states at the highest risk,. the letter stated.
A MILLION BARRELS OF CRUDE AND FIRES
A maritime security source said fires were burning onboard. the tanker on Wednesday, which was carrying a freight of 1 million. barrels of crude oil.
Delta Tankers is doing whatever it can to move the vessel. ( and freight), Sounion's supervisor informed Reuters separately.
For security reasons, we are not in a position to comment. further.
The Houthis stated they assaulted the tanker in part because. Delta Tankers violated its ban on entry to the ports of. occupied Palestine, Houthi military representative Yahya Saree had. stated in a telecasted speech.
A Houthi source also informed Reuters on Wednesday that the. vessel was burning, including that as an effect there would not. be a leakage or any pollution into the sea.
While the crew had actually been left, the Houthis appear. determined to sink the ship and its cargo into the sea, U.S. State Department representative Matthew Miller stated on Aug. 24.
The Sounion was the third vessel run by Athens-based. Delta Tankers to be attacked in the Red Sea this month. The. attack caused a fire onboard, which the crew extinguished, Delta. Tankers said in an earlier statement.
A significant oil spill would ravage fishing communities on. Yemen's Red Sea coast with half a million Yemenis working in. that industry, the United Nations stated in a report last year.
Whole neighborhoods would be exposed to life-threatening. toxic substances, the U.N. stated.
(source: Reuters)