The bus maker will make 16 battery-electric and fuel-cell buses for its hometown, and has options for 150 more zero-emission buses over the next four years. Shares rose about 10 per cent on the Toronto Stock Exchange Wednesday. (The Logic)
Billing it as the first step in a global expansion, the GTA-based telco said it “will provide the capability to purchase SIP trunks”—bulk lines used for voice-over-internet connections—to customers in the African country. “We will begin with our best-in-class wholesale services and expand our product offering in the coming months,” Iristel’s CEO Samer Bishay said in the announcement. (The Logic)
In a job posting, the law-enforcement agency said it’s creating a “specialized cryptocurrency and virtual assets team” to support investigations, trace and recover assets on blockchains, and identify targets for “further development.” Applicants need British security clearances. (The Logic)
The regulator determined that the firm’s Facebook and Instagram services contravened EU General Data Protection Regulation, and could not rely on users’ agreements to terms of service updates as the basis for behaviour-based advertising. (The Logic)
The Redmond, Wash.-based tech giant is partnering with San Francisco-based OpenAI and could roll out the updates to its search engine by the end of March, sources told The Information. Both companies declined to comment to the publication. (The Information)
The electric-vehicle maker said Tuesday it had revised its 2020 deal with North Carolina-based Piedmont Lithium to buy about 125,000 metric tons of lithium mineral spodumene, which the miner said will come from its offtake agreement with Sayona Quebec. (The Logic)
Silicon Valley investment giant Andreessen Horowitz is expected to lead the round in Elon Musk’s satellite internet and reusable rocket company. (CNBC)
Shaw can’t sell its Freedom Mobile cellphone division to Videotron and the rest of its operations to Rogers, thanks to an injunction from the Federal Court of Appeal. The federal Competition Bureau, seeking to stop the deals, is appealing last week’s Competition Tribunal ruling that the $26-billion rearrangement of Canada’s telecom industry wouldn’t make the market less competitive. (The Logic)
The beleaguered Winnipeg-based maker of New Flyer buses said it has non-binding financial commitments from the Manitoba government, which will provide a C$50-million debt facility, as well as a US$50-million debt facility with up to US$100 million in credit from Export Development Canada. It expects another US$87-million in unsecured debt financing in the first quarter of 2023. (The Logic)
The joint U.S. and Canadian aerospace command is tracking Santa’s reindeer-powered sleigh with 900 personnel, as well as satellite and radar systems. “He’s an old pro and has been doing this for 16 centuries,” Canadian Army Capt. Alexandra Hejduk told The Logic. “Christmas has never been cancelled because of the weather.” (The Logic)