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Shell to acquire Canada’s ARC in output-boosting $16.4 billion deal

Shell to acquire Canada’s ARC in output-boosting $16.4 billion deal

Shell has agreed to buy Canadian producer ARC Resources in a $16.4 billion deal, in its biggest acquisition since the 2016 BG purchase. The deal is expected to lift Shell’s output by about 370,000 barrels of oil equivalent per day and strengthen its Canadian gas...

Canada announces new sovereign wealth fund

Canada announces new sovereign wealth fund

Canada will establish its first sovereign wealth fund, the Canada Strong Fund, with an initial federal endowment of C$25 billion, as Prime Minister Mark Carney seeks to drive long-term growth and reduce dependence on the United States. Carney said the fund will...

Stablecoin payments hit $4.5T as Tether leads market

Stablecoin payments hit $4.5T as Tether leads market

Stablecoin activity accelerated sharply in Q1 2026, with transaction volumes hitting $4.5 trillion and supply climbing to a record $315 billion, according to market research cited by Andreessen Horowitz. The data suggests stablecoins are moving beyond crypto trading...

India targets welfare as e‑rupee proving ground

India targets welfare as e‑rupee proving ground

India is expanding its e-rupee pilot into welfare payments for agriculture and subsidised food distribution, in a bid to reduce leakage and corruption in its roughly $80 billion subsidy system. The Reserve Bank of India’s programme, backed by the World Bank, state...