Infrastructure
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S. Korea allows businesspeople to visit North factory park
Seoul’s Unification Ministry has allowed 193 businesspeople to visit and examine manufacturing facilities at an industrial park in North Korea
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Canada issues tender to bring back trash but misses Duterte’s May 15 deadline
The improperly labelled trash has been in the Philippines for nearly six years. An ongoing sticking point is who would pay for the shipments back to Canada
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EU fines banks over US$1B over foreign-exchange cartel
Barclays, Royal Bank of Scotland, Citigroup and JPMorgan were fined over 811 million euros for collaborating in a cartel dubbed “Forex – Three Way Banana Split”
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Transat AT Inc. announces exclusivity agreement with Air Canada for its acquisition
The deal is valued at approx. $520 million or $13.00 per share of Transat. Control of Transat A.T. Inc. will remain in Quebec.
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Shaw Communications selling its stake in Corus Entertainment for $548M
The sale represents a roughly 38% stake in Corus. Shaw said the money from the sale will be used for general corporate purposes
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American Express buys restaurant reservation service Resy
This is AmEx’s third acquisition of dining industry platforms in less than two years
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Trudeau offers Canadian lumber, steel to help rebuild Notre Dame Cathedral [UPDATED]
The Canadian Steel Producers Association and the Forest Products Association of Canada support the Canadian government initiative
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Japanese space startup aims to compete with U.S. rivals
Interstellar Technology’s founder said his company’s low-cost MOMO-3 rocket is the way to create a competitive space business in Japan.
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Diplomats visit Canadian think tank expert in China custody
Canadian consular officials visited with Michael Kovrig, who has been accused by Chinese official media of acting with Canadian businessman Michael Spavor to steal state secrets
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Gerald Schwartz: The man behind Onex and the WestJet deal
Schwartz is married to Heather Reisman – founder and CEO of Indigo Books and Music – and the son of Izzy Asper, founder of CanWest Capital
