Today's news: Trending business stories for October 12, 2023
The Financial Post brings you the top business stories as they happen for October 12, 2023. Read on for breaking news you need to know.
Source: leaderpost.com
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PIF Establishes 'Tasaru Mobility Investments' in Saudi Arabia
Saudi Public Investment Fund (PIF) has launched the National Automotive and Mobility Investment Company (Tasaru Mobility Investments), an investment company focused on developing local supply chain capabilities for the automotive and mobility industry. Tasaru Mobility Investments will lead strategic investments and partnerships with local and international private sector companies in Saudi Arabia.
Saudi Arabia Michael Mueller Omar Al Madhi Zamil Group Real Estate Company Mobility Investment Company Tasaru Investments Dar Al Himma Projects
Source: aawsat.com
Tunisian asylum seeker, 23, suspected of carrying out Berlin massacre was arrested THREE times this year amid fears he was planning a terror plot - but police let him go and are now offering 100,000 euros to anyone who finds him
Police are hunting Anis Amri, 23, a refugee who came to Germany earlier this year after his paperwork was found in trucks footwell.
United Kingdom Schleswig Holstein Bosnia Herzegovina Baden Wüberg Nordrhein Westfalen France General
Source: dailymail.co.uk
Canada adds 64,000 jobs, Laurentian's CEO shakeup and soaring mortgage woes: Business and investing news for October 8
Plus, Canadians can expect to spend more than $350,000 to raise a child from birth to the age of 17, a Statistics Canada study suggests
Source: theglobeandmail.com
Laurentian Bank board chair resigned to protest sudden firing of CEO
Michael Mueller left the lender in an act of protest over the termination of CEO Rania Llewellyn, say sources
Source: theglobeandmail.com
Morning Update: Ottawa seeks to scale back outsourcing with new guidelines
Experts call for closer look at lobbying rules after report of links between public servants and IT contractors
Source: theglobeandmail.com
Evening Update: Russia targets northeastern Ukrainian village, killing more than 50 civilians
Also in the news today, grocers to offer discounts and price freezes on food, Ottawa says, but offers little detail
Source: theglobeandmail.com
Opinion: Rapid turnover at Laurentian Bank suggests tumultuous reality in Canada's banking world
Canadian banks like to project an image of stability, but succession issues, first at Scotiabank and now at Laurentian Bank, suggest otherwise
Paul Chiasson Allanc Hutchinson Michael Mueller Rania Llewellyn Companies We Keep Banque Laurentienne Or Laurentian Bank
Source: theglobeandmail.com
TSX Ends Notably Lower For 2nd Straight Day
The Canadian market closed sharply lower on Monday as weak commodity prices and data showing another contraction in the nation's manufacturing activity hurt sentiment.
Source: rttnews.com
Rania Llewellyn out as Laurentian Bank CEO after less than 3 years
Rania Llewellyn is out after nearly 3 years as CEO of Laurentian Bank of Canada. She is succeeded by Éric Provost. Find out more.
Source: financialpost.com