Canada and UK Explore Major Power Link.

A consortium led by Laurent Segalen is raising funds for Nato-L, a proposed subsea power cable connecting Canada’s grid to the UK. Stretching over 2,200 miles with a six-gigawatt capacity, the £30 billion project aims to deliver consistent renewable energy from Canada to the UK, enhancing energy security and sustainability.

U.S. Considers Accelerated Deep-Sea Mining

The White House is contemplating an executive order to expedite deep-sea mining permits in international waters, bypassing the UN’s International Seabed Authority. This initiative seeks to access critical minerals, reduce reliance on global institutions, and counter China’s dominance in mineral production.

Leadership Changes at Primark and Newton

Paul Marchant has resigned as CEO of Primark following an internal investigation into his conduct, admitting to an “error of judgment.” Eoin Tonge, ABF’s finance director, will serve as interim CEO. Separately, Euan Munro stepped down as CEO of Newton Investment Management after nearly four years, with John Porter assuming the role of sole CIO.

Escalating U.S.-EU Trade Tensions

President Donald Trump plans to impose a 25% tariff on Irish-based U.S. pharmaceutical companies to encourage domestic manufacturing. This move could impact up to 80,000 jobs in Ireland and strain U.S.-EU trade relations, highlighting ongoing tensions over trade policies.

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