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  • Giant shovels, driverless trucks and a dog-like robot have all helped Canada's oil sands companies including Imperial Oil and Suncor become some of North America's lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up.

    A robotic dog employed by Imperial Oil. Arturo Pena/Imperial Oil/Handout via REUTERS

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United States

  • The U.S. Justice Department has fired Maurene Comey, the eldest daughter of former FBI director James Comey and the federal prosecutor in the cases involving Jeffrey Epstein associate Ghislaine Maxwell and music mogul Sean Diddy Combs, two sources familiar with the matter said on Wednesday.

    Maurene Comey, Assistant U.S. Attorney and prosecutor on Combs' case, arrives at the Federal courthouse during the Sean "Diddy" Combs' sex trafficking and racketeering conspiracy trial at U.S. court in Manhattan, in New York City, U.S., May 21, 2025. REUTERS/Brendan McDermid/File Photo
  • The persisting furor over files related to accused sex trafficker Jeffrey Epstein has forced President Donald Trump into an unfamiliar role: trying to shut a conspiracy theory down.

  • The judges and defense lawyers discussed requesting virtual court hearings to protect defendants from being arrested by federal immigration officers.


Federal Reserve

  • U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell, but he kept the door open to the possibility and renewed his criticism of the central bank chief for not lowering interest rates.

  • President Donald Trump on Wednesday tamped down speculation he was on the verge of trying to fire Federal Reserve Chair Jerome Powell after word leaked he had raised the possibility in a meeting Tuesday night with House Republicans. The reports rattled financial markets that were already on edge about Trump's plans. Administration officials had intensified their criticism of Powell in recent days, and in particular appeared to be building a case that cost overruns at a Fed renovation project could be used as a reason to fire Powell "for cause," not just because Trump wants lower interest rates.

  • U.S. businesses told the Federal Reserve in June and early July that the loss of immigrant labor is adding to their struggles with the effects of fast-changing trade policies as the Trump administration's economic strategies began gaining traction.

  • Commentary

    While almost no one thinks Donald Trump's verbal attacks on Federal Reserve Chair Jerome Powell are a positive development, they have electrified the debate about whether the U.S. president is right that interest rates are too high.

    Jamie McGeever


Europe

Often referred to as a land of ice and fire, the island nation has now experienced a dozen eruptions since geological systems on its Reykjanes peninsula reactivated in 2021.

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