China defends DeepSeek after U.S. ban of its AI from government systems

Published: October 20, 2026 at 12:24p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. The U. S. government is set to announce the certification of Boeing’s 737 Max 10 jet Tuesday after years of delays, a U. S. Transportation Department official told The Associated Press. U. S. Transportation Secretary Sean Duffy plans to announce the decision on Tuesday afternoon during a visit to Boeing’s manufacturing plant in Everett, Washington, the official said. The person spoke on condition of anonymity because they were not authorized to speak publicly about the certification ahead of the announcement. The 737 Max 10, which can have up to 230 seats, was introduced at the Paris air show in 2017 to help Boeing compete with rival Airbus. But a series of technical and safety-related concerns slowed the certification of the largest version of Boeing’s 737 Max. Latest updates on company news hereFAA authorization would clear the way for Boeing to begin delivering the Max 10 to airline customers. The company has said it expects to make the first deliveries in 2027.

Published: October 20, 2026 at 12:09p.m. EDTMILAN -- The production of Italian pasta is under threat as a protest by truck drivers in the south of the country over soaring fuel prices and the cost of living blocks deliveries to factories. There are also growing concerns about food supplies in Rome, as transport bottlenecks hamper deliveries from southern Italy to the capital. Italian agriculture lobby group Confagricoltura warned that producers in Sicily would have to destroy large quantities of perishable products if transportation did not resume. Pasta maker Rummo, based in the Campania region, said on Tuesday it had suspended production after running out of ingredients. Almost all major pasta producers in the neighboring region of Puglia, which together with Campania and Sicily form the heartland of Italy’s pasta production, are facing similar difficulties, CEO Cosimo Rummo told daily la Repubblica. “This means that most of Italy’s pasta production has ground to a halt, or is close to,” he said.

Company NewsPublished: October 20, 2026 at 12:00p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — Sherritt International Corp. says it has received a license from the U. S. government authorizing the purchase and delivery of fuel to its Moa mine and processing operations in Cuba. The company says the fuel license is the first of a series of emergency licenses that will be necessary for it to be able to restart operations at Moa as well as processing and refining in Canada. Sherritt says it submitted its requests for the emergency licenses in co-ordination with Gillon Capital, which is seeking a controlling interest in the miner. Latest updates on company news hereSherritt shut down operations at its Fort Saskatchewan refinery in Alberta earlier this year after running out of the feed inventory it receives from Moa. Operations at the Moa joint venture were paused as Cuba faced fuel shortages after the U. S. cut off access to oil from Venezuela in January.

MarketsPublished: October 20, 2026 at 11:56a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — Strength in technology stocks helped Canada’s main stock index gain more than 150 points in late-morning trading, while U. S. markets also climbed. The S&P/TSX composite index was up 163.76 points at 36,092.39. Real-time TSX market updates hereIn New York, the Dow Jones industrial average was up 481.09 points at 52,447.12. The S&P 500 index was up 29.90 points at 7,720.63, while the Nasdaq composite was up 50.58 points at 26,481.47. The Canadian dollar traded for 71.19 cents US compared with 70.94 cents US on Monday. S&P 500 market updates hereThe December crude oil contract was down US$1.40 at US$97.14 per barrel. The December gold contract was down US$7.20 at US$4,152.90 an ounce.---This report by The Canadian Press was first published Oct. 20, 2026.

Published: October 20, 2026 at 11:47a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. OpenAI is racing to secure investor commitments before rival Anthropic’s expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over US$1.4 trillion, according to two people familiar with the matter. The rapid timetable reflects, in part, a desire to get ahead of Anthropic as the two frontier labs are increasingly tapping in to a similar investor base, the people said, adding that OpenAI wants to capitalize on its recent revenue growth after launching new models. SoftBank Group, Abu Dhabi-based MGX and other existing backers of OpenAI are in talks to join the round of about US$30 billion, one of the people said. The acceleration underscores how closely the two AI developers are competing for capital as both pursue trillion-dollar price tags, amid growing concern about rising interest rates, significant volatility in technology stocks and rising scrutiny of AI valuations.

Published: October 20, 2026 at 11:16a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — A new report says the focus of Canada’s telecommunications policy should shift from lowering consumer prices to creating better conditions for companies to invest in their networks at a time when traditional revenues are plateauing and capital costs are on the rise. The paper from U. K.-based Global System for Mobile Communications calls for a “policy reset” that prioritizes affordable and predictable spectrum pricing, support for 5G and AI infrastructure such as data centres, and improved regulatory certainty. It says mobile technologies and services generated 5.4 per cent of Canada’s GDP last year, or roughly $120 billion of economic value — a figure expected to rise to $170 billion by 2030, thanks to growing adoption of technologies such as 5G, Internet of Things and AI. Latest economic news on BNNBloomberg.caIn recent years, the CRTC has introduced various measures aimed at boosting cellphone and internet competition in Canada, empowering consumers, and lowering costs.