Firm behind planned Anthropic data centre in Nova Scotia denies owing fees to N.L.

Published: October 22, 2026 at 8:55a.m. EDTMurray Mullen, chair & senior executive officer at Mullen Group, joins BNN Bloomberg to discuss the company's outlook for 2026. OKOTOKS — Mullen Group Ltd. reported a third-quarter profit of $51.5 million, up from $33.2 million a year ago, as its revenue rose 16 per cent. The trucking and logistics firm says the profit amounted to 52 cents per diluted share for the quarter ended Sept. 30, up from a profit of 36 cents per diluted share a year earlier. Revenue for the quarter totalled $653.2 million, up from $561.8 million in the same quarter last year. Latest updates on company news hereThe firm says the year-over-year increase in revenue included $44.3 million of internal growth, a $37.7-million increase in fuel surcharge revenue while acquisitions added $9.4 million of incremental revenue. On an adjusted basis, Mullen Group says it earned 52 cents per share in its latest quarter, up from an adjusted profit of 38 cents per share a year earlier. Murray Mullen, Mullen Group’s chair and senior executive officer, says the company is generating excellent results and maintaining a strong, well-funded balance sheet.

Published: October 22, 2026 at 8:34a.m. EDTJon Siegmann, managing director on aerospace & defence at Stifel, joins BNN Bloomberg to discuss SpaceX's earnings. Tesla’s shares slid five per cent in premarket trading on Thursday as the EV maker’s reduced capital spending forecast raised questions about the pace of investment behind Elon Musk’s AI, robotics and autonomous-driving ambitions. The company on Wednesday lowered its 2026 capital spending forecast to about US$20 billion from more than $25 billion after spending far less than expected on AI and robotics in the third quarter, which led to a surprise positive free cash flow. The strong position may prove valuable as CEO Musk explores combining Tesla with the far more capital-intensive SpaceX. Latest updates on company news hereBut “investors are likely to come away with mixed feelings,” J. P. Morgan analysts, led by Rajat Gupta, wrote in a note.

Published: October 22, 2026 at 8:19a.m. EDTAfter catching you up on some of the big stories of the week, Amanda Lang discusses the risk of broader conflicts in Europe with Stephen Saideman, Paterson Chair in International Affairs at Carleton University, and Director of the Canadian Defence and Security Network. The premium investors demand to buy France’s 10-year government bonds against safe-haven Bunds reached a fresh 15-year high on Thursday as concerns about the country’s ability to repair its public finances, coupled with ongoing street protests, continued to weigh on sentiment. French ministers have promised a vastly reinforced security operation during more planned protests this coming Saturday, with troops expected to be deployed alongside additional police. France’s benchmark 10-year yield rose 11.5 basis points (bps) to 5.11 per cent, after reaching 5.1415 per cent, its highest level since July 2002. Latest updates on international news hereThat pushed the French risk premium over German Bunds up to 173.58 - its widest since November 2011 during the euro zone debt crisis - reflecting investor unease about France’s current fiscal outlook.

Published: October 22, 2026 at 8:12a.m. EDTROME — A truckers’ protest in southern Italy has halted the production of the famed buffalo mozzarella, causing an estimated 3 million-euro loss in just 24 hours as the milk cannot reach dairies in the Naples region and the finished cheese cannot reach customers, an official said. The weeklong strike by truck drivers over the high cost of diesel driven up by the Iran war has also blocked deliveries of other basic goods to supermarkets and left gas pumps empty in much of southern Italy. The disruption is particularly damaging to buffalo mozzarella because the production of the protected cheese depends on a tightly timed supply chain. Buffaloes have to be milked regardless of whether dairies are operating, while production rules require that their milk be turned into mozzarella within 60 hours. Pier Maria Saccani, director of the Consortium for the Protection of Mozzarella di Bufala Campana DOP, said that about 1 million liters of buffalo milk produced on Wednesday couldn’t be turned into mozzarella because of the transport blockade.

Published: October 22, 2026 at 8:04a.m. EDTTom Kloza, chief energy adviser at Gulf Oil, joins BNN Bloomberg to break down the U. S.-Venezuela oil deal. A single figure sets Venezuela apart from the rest of the world: 303 billion barrels of so-called proven oil reserves. But experts say the country’s estimate is inherently problematic and far from proven — rooted in exaggerated, aging data from a corrupt government. The number has long been touted by politicians and investors as an important measure of untapped energy potential, most recently by U. S. President Donald Trump’s administration in detailing a sweeping deal for the U. S. to take control of some Venezuelan reserves. But a more realistic estimate of the country’s proven reserves — a gold standard metric, representing the amount of oil that can reasonably be extracted under current conditions — is about one-third of what it has reported, half a dozen experts told The Associated Press. Stay on top of your portfolio with real-time data, historical charts and the latest news on oilThey put the likely figure at 60 to 120 billion barrels, a vast amount but not enough for Venezuela to remain the world’s largest holder of reserves

Published: October 22, 2026 at 8:00a.m. EDTRussia prides itself on its digital advances — from an extensive e-commerce services sector to ambitious plans for developing artificial intelligence. But now, some of the key data centres at the heart of its technical prowess have been knocked out by Ukrainian drone attacks in the 4 1/2-year-old full-scale invasion, suffering damage that could take a long time to repair. Ukraine this month hit three main data centres belonging to tech giant Yandex, one for Russia’s biggest bank, Sberbank, and one for social media platform VKontakte, the country’s equivalent to Facebook. While Yandex, Sberbank and VKontakte are coy about the damage, people and businesses across Russia have reported widespread interruptions to cloud services. Banking, e-commerce, geolocation and ride-hailing services, as well as Alisa, Yandex’s virtual assistant, and multimodal AI chatbots all have suffered lasting disruptions. The fallout even spread to Russia’s judicial system, reportedly forcing arbitration courts to cancel or postpone sessions and cutting database access. Most experts predict repairing the damage could take months, if not years.