Canadian export agency ‘hit by big losses after lending to Thames Water’

Canada’s state-backed export credit agency is reportedly nursing steep losses after lending debt-ridden Thames Water hundreds of millions of pounds.

The British utility, which has said it could run out of cash by next June, received two loans from Export Development Canada (EDC) in 2018 and 2019 after the Canadian pension fund Omers had invested.

EDC sold the loans at a deep discount in recent weeks, according to the Financial Times, which cited unnamed investors.

Thames Water has been pushed to the brink of collapse in recent months after struggling under the weight of debts built up over years by successive owners and could fall into government-handled administration if it fails to find new financing within the next 10 months.

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This Genteel Country Is Now the Rape Capital of Europe

An explosion of violent crime in the United Kingdom has made England and Wales into what one economist calls “the rape capital of Europe by a sizeable margin.”

The figures are “pretty grim,” according to UK economist and podcast host Philip Pilkington. “Looks like Britain is becoming a pretty unsafe place.”

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Quebec to limit temporary foreign workers in Montreal with six-month freeze

Quebec is implementing a six-month freeze on the intake of new temporary foreign workers for low-wage jobs in Montreal starting in September, the province’s premier said Tuesday.

François Legault’s announcement comes as his government has been calling for a “significant and rapid” reduction in the number of temporary immigrants in Quebec. The total number across the province has doubled to 600,000 from 300,000 in just two years, he said.

Six decades is a better idea.

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How Bad Is Antisemitism in France? This French Politician Just Marched in a Pro-Hamas Rally and Flaunted It

Paris, the world gave you the Olympic truce for which President Macron asked — but now it’s au revoir to all that. Things previously swept under the carpet for a couple weeks of international kumbaya are now aswirl, some inextricably linked to events in the Middle East.

Antisemitic incidents, a staple of modern French life, are multiplying. On August 15, just days after the Olympic games concluded, a man was filmed hurling antisemitic remarks at a woman riding the metro in the 16th district of Paris — one of the capital’s toniest neighborhoods. According to footage evaluated by French police, the aggressor’s insults included “Hitler was right” and “you’re going to pay” as well as the additional libel of “you’re committing crimes against humanity.”

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Centrists can’t ignore the rise of populism in East Germany

Walking through Dresden this weekend, I was bombarded with political messaging. Posters on every lamppost promise anything from “top education” to “law and order” — whatever it takes to draw voters back from the political fringes ahead of regional elections.

The three German states of Brandenburg, Saxony and Thuringia will elect new parliaments in September, and in all three polling suggests that up to half of voters might opt either for the Right-wing Alternative für Deutschland (AfD) or the Left-wing populists of the Bündnis Sahra Wagenknecht (BSW).

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Margaret McCuaig-Johnston: Canada must reject Chinese EVs, or face American wrath

Canada has developed a reputation internationally in recent years for being soft on China. The Hogue Commission has heard multitude stories of Chinese interference that have been known to the government with no action taken. Until Industry Minister François-Phillipe Champagne took the reins, investment review decisions handed Canadian companies over to companies that were Beijing-controlled. Defence spending is nowhere near what is needed for defence against Chinese forces in the Pacific or our own Arctic.


I’m not going to buy a domestic EV or a foreign EV.

Interesting … EU Cuts Planned Tariffs On Tesla’s China-Made EVs To 9%

The European Commission announced this AM that, in its ongoing findings of an anti-subsidy investigation into Chinese imports of battery electric vehicles, all Tesla vehicles imported from China will be subject to a 9% tariff. Proposed tariffs on other EV companies were revised slightly ahead of what could become EU trade policy later this year.

Of all the proposed duties on Chinese EVs imported to the EU, Tesla appears to be the big winner and will pay the lowest rate of 9%. Reuters noted the EU “set a new reduced rate of 9% for Tesla, lower than the 20.8% it had indicated in July.”

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Israel recovers bodies of six hostages as Gaza peace hopes slip away

The Israeli military has recovered six more bodies of hostages in Gaza kidnapped by Hamas, as the US warned that time was running out to reach a deal to free the remaining hostages and end the war.

The military said the bodies were recovered in an overnight operation in southern Gaza. They included the remains of 79-year old Avraham Munder, whose kibbutz had earlier on Tuesday announced he had died after suffered “physical and mental torture for months” in captivity. The military did not say how they died.

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Take it from an immigrant: Canada urgently needs to slow immigration growth

In 2006, I arrived in Canada from England on a temporary skilled visa, sent by the University of Manchester to Edmonton to advance my training in sports surgeries. Born and raised in India, I completed my medical education there before moving to the UK for postgraduate orthopedic surgery training, spending eight years refining my skills. As the immigration officer handed back my passport that day, his parting words — ”Hope you stay back in Canada” — felt like a personal promise of acceptance and opportunity, an invitation to make Canada home after completing advanced training.

Fast forward to 2024: I did stay in Canada, planted roots, developed a practice, raised a family, and poured my heart into the community in Alberta, which embraced me as their own.

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Russia offers safe haven for people trying to escape Western liberal ideals

MOSCOW, August 19. /TASS/. Moscow will provide assistance to any foreigners who want to escape the neoliberal ideals being put forward in their countries and move to Russia, where traditional values reign supreme, according to a decree signed by President Vladimir Putin.

Under the document, such foreign nationals will have the right to apply for temporary residence in Russia “outside the quota approved by the Russian government and without providing documents confirming their knowledge of the Russian language, Russian history and basic laws.”

h/t Mauser

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Manitoba Chiefs demand Charles Adler’s Senate appointment be revoked over First Nations comments

OTTAWA — The Assembly of Manitoba Chiefs is asking Prime Minister Justin Trudeau and Governor General Mary Simon to reconsider the appointment of veteran broadcaster Charles Adler to the Senate in light of comments he made about First Nations leaders in 1999.

That Trudeau government! They’re so weirdly racist!

h/t Mauser

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