Daily News

BRUCE COUNTY, Canada – The Ontario government is starting pre-development work to site the first large-scale nuclear build in over three decades to prepare for rising electricity demand, power electrification and fuel the province’s strong economic growth. Bruce Power will start community consultations and conduct the environmental assessment for federal approval to determine the feasibility of siting up to 4,800 megawatts (MW) of new nuclear generation on its current site. “Our government’s open for business approach has led to unprecedented […]

– Secretary of the Treasury Janet L. Yellen on Centering Equity in Economic Policy at the Essence Festival’s Global Black Economic Forum. Secretary Yellen is the first Treasury Secretary to attend and speak at the Essence Festival. By Treasury Janet L. Yellen When president Joe Biden and I took office in January 2021, the COVID-19 pandemic was still raging. The Black unemployment rate had peaked at over 16 percent during the previous year. We faced the prospect that a significant […]

PARIS, France – Estonia has become the 32 member of the OECD Development Assistance Committee (DAC), the leading international forum for bilateral providers of development co-operation. Estonia’s accession to the DAC comes after a significant period of expansion and investment in its development co-operation activities, programs and system. Estonia’s official development assistance (ODA) reached USD 202.9 million (preliminary data) in 2022, representing 0.54 percent of Gross National Income – an exceptional increase on the previous year, in part as a result […]

BRASILIA, Brazil – The director of the Pan American Health Organization (PAHO), Dr Jarbas Barbosa, took part in the 17th National Health Conference, which takes in Brasilia from 2-5 July. The event is one of the country’s most important on public health. During the Conference, the PAHO director highlighted that now that COVID-19 has left its acute phase, it is essential that all lessons learned are transformed into actions so that the world is better prepared for future emergencies that […]

ETHIOPIA / INDIA – Director-General of the Ethiopian Coffee and Tea Authority, Adugna Debela, and the Indian ambassador to the African country, Shri Robert Shetkintong, discussed the potential for cooperation between the two countries in the sector. Debela stressed the long-standing diplomatic relations between Addis Ababa and New Delhi and similar views in various areas of cooperation, state broadcaster Fana quoted the state broadcaster as saying. He recalled that Indian investors were present in the Ethiopian coffee and tea sector. […]

USA / INDIA – UN Deputy Secretary-General Amina Jane Mohammed has started a three-day official visit to India during which she will meet the South Asian country’s foreign minister Subrahmanyam Jaishankar. During his stay in India, Mohammed will also hold talks with finance minister Nirmala Sitharaman, environment, forests and climate change minister Bhupender Yadav and other senior officials. According to a release from the Indian ministry of external afairs, Amina Jane Mohammed will also visit Bangalore, where she will interact […]

Latest expansion of Nassau’s New York insurance business Transaction adds $1.6 billion to Nassau’s total assets HARTFORD, Conn.–(BUSINESS WIRE)–Nassau Financial Group, L.P. (“Nassau”) today announced that its subsidiary, Nassau Life Insurance Company (“NNY”), has completed the acquisition of Delaware Life Insurance Company of New York (“DLNY”) from Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company. NNY and DLNY are New York-domiciled life insurance companies, and Nassau plans to merge DLNY into NNY. “It has been our pleasure to […]

KYOTO, Japan–(BUSINESS WIRE)–Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company” or “Nidec”) today announced that it has acquired full ownership of TAR, LLC d/b/a Houma Armature Works, a privately- owned US company (“Houma”), from its founding family, through the Company’s subsidiary, Nidec Motor Corporation (“NMC”), on July 3, 2023 (US time) (the “Transaction”). As a result of the Transaction, Houma became a consolidated subsidiary of Nidec, as outlined below: 1. Outline of the New Subsidiary (1) Company name TAR, LLC d/b/a […]

CINCINNATI–(BUSINESS WIRE)–American Financial Group, Inc. (NYSE: AFG) and American International Group, Inc. (NYSE: AIG) announced today that AFG completed the purchase of Crop Risk Services (“CRS”) from AIG. CRS is a primary crop insurance general agent based in Decatur, Illinois, and the seventh largest provider of multi-peril crop insurance in the United States, based on 2022 premiums. American Financial Group’s Great American Insurance Group has been providing crop-hail coverage since 1915 and began writing multi-peril crop insurance in 1980 after […]