
Canada weighs limits on US lumber exports to ease trade friction, British Columbia premier tells Bloomberg News
"One of the asks for years out of the American coalition has been a quota — that there's a fixed amount of lumber that gets to come from Canada," Eby told Bloomberg News.
"And I think that, for the first time, there's some willingness to have a conversation about what that could look like."
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Finextra
28 minutes ago
- Finextra
SS&C acquires funds network Calastone in $1bn deal
Investment funds processing network Calastone has been bought by US-based funds servicing firm and software vendor SS&C Technologies in a deal worth £776m ($1.03bn). 1 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. With more than 4,500 financial organisations as clients, Calastone, founded in 2007, considers itself to be the lagest network for investment funds. SS&C provides fund administraiton services to asset managers. According to the announcement, the two companies plan to build a "unified, real-time platform aimed at reducing cost and complexity across fund operations". The sale comes five years after Calastone welcomed private equity firm Carlyle Group as a majority shareholder, a deal that funded Calastone's expansion efforts and moves into other areas such as ETF processing and tokenisation. 'SS&C's global scale and deep expertise across fund services and technology will enable us to accelerate innovation and deliver new digital capabilities to the market," said Calastone CEO Julian Hammerson. "We look forward to working together to deliver transformational services to asset and wealth managers and drive growth. I am immensely grateful to the entire Calastone team for their dedication and to our clients for their continued trust.' 'Calastone has built an impressive network and platform, and together we will create a more connected, automated and intelligent global fund ecosystem," added SS&C chairman and CEO Bill Stone. "This combination reinforces our commitment to delivering innovative, scalable solutions to reduce complexity and enhance outcomes for the asset and wealth management industry.' The deal is expected to close in Q4 2025. Barclays acted as Calastone's financial advisor for the transaction, while legal counsel was provided by Linklaters and Mishcon De Reya.


Daily Mail
29 minutes ago
- Daily Mail
Albanese's TOUGHEST talk yet on Gaza - but he's slammed by some for not being tough enough on the REAL culprits
Prime Minister Anthony Albanese has given his harshest assessment yet of Israel during the ongoing conflict in Gaza, but the Coalition has slammed him for not holding Hamas accountable. The comments, which were issued on Friday, followed increasing concerns about the blockade of aid to the region after the release of photos showing children starving. 'Israel's denial of aid and the killing of civilians, including children, seeking access to water and food cannot be defended or ignored,' Albanese said. 'Every innocent life matters. Every Israeli. Every Palestinian. 'We call on Israel to comply immediately with its obligations under international law. This includes allowing the United Nations and NGOs to carry out their lifesaving work safely and without hindrance.' His comments were echoed by Foreign Minister Penny Wong, who called the situation a 'humanitarian catastrophe' that has left Australians distressed. Albanese also said Israel should abandon any further plans that would lead to permanently displacing Palestinian people. But he stopped short of saying Australia would join France in recognising Palestinian statehood after the European nation became the largest Western power to signal it would make the announcement. The Prime Minister instead said recognising the 'legitimate aspirations of Palestinian people for a state of their own' was a bipartisan position. 'Australia is committed to a future where both the Israeli and Palestinian peoples can live in peace and safety, within internationally recognised borders,' he said. 'Until that day, every effort must be made here and now to safeguard innocent life and end the suffering and starvation of the people of Gaza.' But on Friday afternoon, the Coalition lashed Albanese, with shadow foreign affairs minister Michaelia Cash claiming he had missed an opportunity to name Hamas as the primary obstacle. 'The Coalition has strong concerns about the worsening humanitarian situation in Gaza,' she said. 'It is disappointing that Prime Minister Albanese's statement about Gaza once again fails to place any blame on Hamas, a listed terrorist organisation, for the delays in aid reaching the people of Gaza.' She said outrage over the crisis should be directed squarely at Hamas: 'Hamas and its allies have tried to disrupt the flow of aid into Gaza and have stolen humanitarian aid for their own purposes.' 'This war began because of Hamas's abhorrent attack on Israeli civilians, where over 1,200 were murdered in cold blood, and they bear responsibility for the continuation of this conflict.' Cash also criticised Hamas for refusing to recognise Israel's right to exist. 'They could end the suffering of the people of Gaza by freeing the remaining Israeli hostages and laying down their weapons,' she said. Ceasefire negotiations between Israel and Hamas have recently collapsed, with both Israel and the United States reportedly withdrawing from talks. With aid being throttled at the border and all entry points to Gaza controlled by Israel, former USAID official Jeremy Konyndyk said Australia and other nations must do more. 'Nothing about this is natural or organic - it's 100 per cent man-made,' the Refugees International president told ABC Radio. 'We are at - if not past - a tipping point.' The Israeli-backed Gaza Humanitarian Foundation, which began operations in May, has been accused of obstructing operations by the United Nations and other aid groups, and putting starving Palestinians in danger. According to Mr Konyndyk, its aid packages were small and insufficient and the foundation's facilities were located far from population centres. Israel, which began letting in only a trickle of supplies to Gaza in recent months, has previously blamed Hamas for disrupting food distribution and accused it of using stolen aid to fund its war effort. Israel has enforced a complete embargo on humanitarian aid and medical supplies for almost three months after a ceasefire deal collapsed earlier in 2025. In recent months, more than 800 Palestinians have been killed while seeking aid, many of them shot by the Israeli military, UN sources have found. Israel's military campaign was launched after Hamas attacked Israel on October 7, 2023, killing 1200 people and taking 251 hostages. Albanese also condemned the 'terror and brutality' of Hamas and repeated calls for the release of the remaining hostages.


Daily Record
29 minutes ago
- Daily Record
The secret lunch that sparked the Rangers takeover and united one time saviour with new king of Ibrox
Paul Murray met Andrew Cavenagh over a meal and knew right away he was the man to take Rangers to a whole new level Paul Murray explains why he knew Andrew Cavenagh was right for Rangers | Hotline Live Paul Murray has revealed how he knew Andrew Cavenagh would become the new king of Ibrox after one lunch together in London. Former Rangers chairman Murray has spoken for the first time about his role in facilitating the transformational American takeover which has seen Cavenagh and the San Francisco 49ers take control of the Glasgow club. As part of a fascinating exclusive interview with our agenda setting online show Hotline Live, Murray has told how he flew south to meet with the health insurance tycoon in November last year to begin exploratory discussions about a possible multi-million pound deal. How he left that meeting convinced that Cavenagh and his consortium, including 49ers chief Paraag Marathe, were the right men to take control. And how he immediately set-up the negotiations with Dave King which led to Cavenagh's buyout. Murray said: 'If you spend some time with him you realise he's a serious guy. After I had met him for the first time, for lunch, I messaged him on my way back to the saying, 'I think you and your colleagues would be great owners for the club'. 'I just kind of felt it. Having met tons of people over the years who came forward you just knew this was a different sort of animal. 'I've got an expression about 'proper people'. And what you're dealing with here is a proper guy. I don't know Paraag just as well but I think he's the same. That was my sense after the first meeting. 'So I introduced him to Dave who was the single largest shareholder and after some meetings and calls it became clear that Andrew and his colleagues wanted to get control of the club, 51 per cent, which they wouldn't get just by buying Dave's shares. 'At that point I then introduced Andrew to the club. He had to speak to the board and the other shareholders to try to piece together the deal. 'It was quite a complicated deal and that's why it took the best part of seven months to get from that initial meeting in London to the completion of the deal.' Record Sport broke the news of Cavenagh's plans in February this year. In May the deal to snap up a 51 per cent stake was concluded with Cavenagh appointed chairman and Marathe installed as his right hand man. And Murray is now urging the Rangers supporters to give their American owners time to get to grips with the task of turning their club around. He said: 'You've heard him speaking. He's quite a measured and considered guy, which I quite like. 'I've only met him a few times but in the dealings I've had with him, which were quite a few, I think he's a considered, measured guy who has obviously been very successful in business. 'He's not going to be prone to hyperbole. The danger in football is you get prone to the hyperbole, 'We're going to spend £100m and win the Champions League in 10 minutes'. 'I think we've got to be realistic and let these guys take their time, look at the situation and let them build it going forward.'