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Shopify says a daylong Cyber Monday outage has been resolved

Business 2 Mins Read

Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the annual ‘Cyber Monday’ shopping day.

Some merchants that use Shopify’s service to sell goods online said they experienced issues with checkouts through the company’s point-of-sale system.

Businesses that run on Shopify also had trouble logging into their administrative portals.

In a statement, Shopify said: ‘We had a system degradation that has now been mitigated.’

Throughout the day, business owners posted angry messages directed at the company on X, where Shopify President Harvey Finkelstein had posted ‘HAPPY CYBER MONDAY! Let’s finish strong!’ earlier in the day, with an emoji of a flexed arm.

One business, Costack Spices, based in London, replied: ‘How??? [We] cannot fulfill orders or log on,’ with three red-faced emojis. In a follow-up, the company posted, ‘This is unbelievable.’

Another user wrote, ‘@ShopifySupport I haven’t been able to access it for the last couple hours.’

Shopify replied to most users on X with the same message: ‘We are aware of an issue with Admins impacting selected stores, and are working to resolve it.’

In 2024, merchants using Shopify services recorded $11.5 billion in sales from Black Friday through Cyber Monday, the company said, with more than 76 million customers buying from businesses powered by the platform.

Shopify provides website design tools, online checkout services and digital advertising products to businesses of all sizes. The company says that millions of merchants use its services.

While Shopify’s share of Cyber Monday sales may be limited, smaller businesses that rely on the company to process their transactions may have missed out on crucial sales at the start of the all-important holiday season.

Total Cyber Monday sales are expected to be more than $53 billion, according to Salesforce.

Shopify stock ended the trading day down 5.9%.

This post appeared first on NBC NEWS

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Politics

JD Vance says he was ‘obsessed’ with UFOs, believes aliens are actually ‘demons’

Politics 2 Mins Read

While discussing the mystery surrounding UFOs, Vice President JD Vance, who is Catholic, said he believes what people think of as aliens are actually “demons.”

While interviewing Vance, conservative commentator Benny Johnson asked the vice president, “You gonna release all the UFO files?”

“Ah, we’re workin’ on it,” Vance said. 

He explained that when he took office he “was obsessed with the UFO files” but ended up being busy with other issues.

Vance asserted that he will “get to the bottom” of the matter.

JD VANCE SAYS UFOS, ALIENS COULD BE ‘SPIRITUAL FORCES’ AS VP VOWS TO ‘GET TO THE BOTTOM’ OF MYSTERY IN SKIES

“I don’t think they’re aliens. I think they’re demons anyway,” Vance noted.

Prompted by Johnson, Vance later elaborated on his view.

“Well, look, I, I think that celestial beings who fly around, who do weird things to people — I think that the desire to describe everything celestial… to describe it as aliens — I mean every great world religion, including Christianity, the one that I believe in, has understood that there are weird things out there, and there are things that are very difficult to explain,” he said.

“And I naturally go — when I hear about, sort of, extra-natural phenomenon — that’s where I go to is the Christian understanding that, you know, there’s a lotta good out there, but there’s also some evil out there,” he continued.

UFO SECRET FILES, DRONE SWARMS AND NUCLEAR-LINKED SIGHTINGS STUN EXPERTS IN 2025

He added that he believes that among “the devil’s great tricks is to convince people he never existed.”

Last month, President Donald Trump said he would order the release of files pertaining to the issue of aliens and UFOs.

EXPLOSIVE NEW DOCUMENTARY PROBES ‘80-YEAR GLOBAL COVERUP’ OF UFO SECRETS

“Based on the tremendous interest shown, I will be directing the Secretary of War, and other relevant Departments and Agencies, to begin the process of identifying and releasing Government files related to alien and extraterrestrial life, unidentified aerial phenomena (UAP), and unidentified flying objects (UFOs), and any and all other information connected to these highly complex, but extremely interesting and important, matters. GOD BLESS AMERICA!” the president declared in a February Truth Social post.

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Politics

Scouting America moves to shed ‘woke’ label with major recommitment to military, traditional American values

Politics 6 Mins Read

Scouting America, the Texas-based national organization founded as the Boy Scouts of America, is working to shed claims it has gone “woke” in recent years as it renews its focus on training young people with life skills, providing fun and educational outdoor experiences and revitalizing its partnership with the U.S. military.

Since its inception by Lt. Gen. Robert Baden-Powell in February 1910, what is now Scouting America has remained dedicated to providing the key life tenets of faith, character and service to young people, as in one example it eliminated an otherwise recently conceived “DEI” merit badge and replaced it with a military-centric one.

Chief Scout Executive Roger Krone told Fox News Digital that scouts have been central to key moments in history, a testament to the program’s values, importance and longevity.

“In fact, I think all but one of the men that walked on the moon were Scouts. There is [also] a tendency for a certain percentage of membership to want to trade their Scout uniforms for military uniforms: we have a long tradition with the military,” Krone said.

DAVID MARCUS: ONLY HEGSETH CAN SAVE STORIED VIRGINIA MILITARY INSTITUTE FROM WOKE STATE LAWMAKERS

In 1915, professional scouter E. Urner Goodman founded Scouting America’s own honor society, the Order of the Arrow, at Treasure Island Scout Reservation in the middle of the Delaware River to recognize scouters who excel in their life of service.

John F. Kennedy was the first scout president, and Gerald Ford is the only one to date who has earned Eagle Scout. President Jimmy Carter, though never a scout, earned the BSA’s Silver Buffalo Award for service to Georgia scouts.

As part of its reaffirmation of American values, Scouting America will waive registration fees for military families’ children and participate in the America250 program.

“Just as it has for 116 years, Scouting America is dedicated to shaping patriotic Americans grounded in faith, character and service,” Krone said. “Our relationship with the United States Military reflects a shared belief that leadership, service, and love of country are not abstract ideals—they are values forged through action, discipline, and commitment. The Scouting program is uniquely positioned to instill these values in our future leaders.”

Fifteen percent of military academy cadets are Eagle Scouts, and more than 130 million Americans have been trained by the Boy Scouts since 1910.

He noted that Baden-Powell, a British military hero, conceived the idea in the wake of the Industrial Revolution to instill merit and values in wayward children in London.

VIRGINIA DEMOCRATS RETREAT ON VMI FUNDING THREAT AFTER TRUMP ADMINISTRATION WARNS OF ‘EXTRAORDINARY MEASURES’

“There were kids in London that were getting in trouble because they had too much time on their hands. And so we started using these military tactics, learning how to track animals and using compasses and these things, to keep kids occupied they go on camp out some things like that. And that was the birth of the scouting program. So we have a proud tradition with the military.”

Scouts continue wearing the American flag on their Class-A uniforms from their time as Cub Scouts through earning Eagle, and, as Krone noted, their meetings also begin with the Pledge of Allegiance and the Scout Oath, which include pledges to honor God, country and law.

“There’s a deep connection between what we teach with character and leadership … to the military so it’s probably just natural.”

Krone pushed back on Scouting America being called woke, noting that about 70 percent of sponsoring organizations are churches. The Catholic Church is said to be the largest holder of unit charters, Krone said, while across the country other houses of worship, from Methodist to Episcopal to the United Church of Christ, sponsor troops.

“We are a very faith-based, faith-driven organization, very patriotic, we love God and country and so yeah, we strive very hard to be apolitical these days.”

Scouting received blowback for allowing girls to join in the past decade. Krone said that Scouting remains a meritocracy and rank requirements aren’t changed by gender.

“Whether you’re a young man in a program or a young woman in a program, you do the same exact thing. And it all is about using the outdoors as a classroom where you learn leadership and grit and resilience, and you put the ideals of Scout … to practice in the outdoors and it is an amazing teacher. It’s an amazing program.”

AMERICA’S BOYS NEED NOBLE MASCULINITY — NOT LOWERED EXPECTATIONS

The Scouting program also takes kids away from their screens and away from potentially “woke” influences online and reconnects them with serving their community and working or camping outdoors.

“We know one of the challenges I think our kids in our country face today is that they’re glued to the devices, they’re indoors or on a couch,” Krone said.

“And I think there’s a lot of authors out there have written about the fact that it’s toxic, right? We’ve got to get kids back outdoors and get them off devices, you know, moving around. “We say it’s ‘social without the media’.”

Scouting America’s youth leaders recently visited Capitol Hill, where they met with congressional leaders who included scouters among them.

“Great day with [the] Boy Scouts. I enjoyed meeting Ricky Mason, Chair of the Scouts Executive Board, and outstanding young leader Joshua Nero, Chief of the Order of the Arrow (the highest ranked Scout), and taking him to meet Speaker Mike Johnson,” Rep. Michael Baumgartner, R-Wash., said in a statement.

“Scouts is a great program, and more parents should get their kids off of their phones and out into the wilderness learning life skills and confidence with Scouting for America.”

The Hill also hosts its own Congressional Scouting Caucus led by Sen. Bill Cassidy, R-La., and Reps. Glenn “GT” Thompson, R-Pa., and Sanford Bishop, D-Ga.

To be awarded the Eagle Scout rank, a scout must earn at least 21 merit badges, including 10 from a specific list that includes three “Citizenship” badges — Community, Nation and World — through which they learn civics and about America’s founding principles and are required to write their congressman or senator about an issue important to them.

Other required skills include Personal Management, First Aid, Swimming, Cycling or Hiking, Family Life and Environmental Science. Most scouts earn many more than required.

The Scout Law, which all scouts agree to, hosts 12 tenets for daily life:

“Trustworthy; Loyal; Helpful; Friendly; Courteous; Kind; Obedient; Cheerful; Thrifty; Brave; Clean; Reverent.”

Scouting’s slogan remains “Do a Good Turn Daily,” and it is most recognized by its 116-year-old motto: “Be Prepared.”

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Politics

‘No Kings’ calls itself leaderless, but its own internal documents tell a very different story

Politics 4 Mins Read

“No Kings,” a decentralized protest movement that crystallized in opposition to President Donald Trump’s second term, will hold thousands of events on Saturday morning, according to Sarah Parker, an organizer for one of the events in Minneapolis, Minnesota.

The protests mark the most recent development for the amorphous group, which has prompted similar events in the past.

“Tomorrow we’re going to have over 3,500 events across the country,” Parker said. “I think it’s important to be out in the streets at this moment in time to save our country. The events will be overwhelmingly peaceful, and there are going to be millions of Americans from different affiliations, different ages and different ethnic backgrounds coming together to be in community.”

Parker did not describe how “No Kings” works with local figures to organize events but said the protests aim to build on local displeasure with the administration.

LIZ PEEK: DEMOCRAT FURY FUELS ‘NO KINGS’ PROTESTS BUT ENDGAME IS ELUSIVE

“I think this is organic. This is a people-powered movement. We have different local hosts that are volunteers who have stepped up to host an event in their areas, even in rural areas. We have hundreds of events in rural and deep-red states,” Parker said.

Unlike other organized organizations, “No Kings” is not a non-profit, a business, or a formal organization, making its structure a mystery. Because of its lack of centralization, it has little to no financial reporting requirements and no easily identifiable leadership.

“No Kings” first burst onto the scene through “No Kings Day” in June 2025, an event that, in the words of their website, inspired “a nationwide uprising 14 times larger than both of Trump’s inaugurations combined.”

‘NO KINGS’ PROTESTERS FILMED HAVING CHILDREN BASH TRUMP PIÑATA

Almost a year later, the protests scheduled for Saturday hope to continue their opposition, touting opposition to Trump’s recent actions in Iran and debates over immigration enforcement.

“Masked secret police terrorizing our communities. An illegal, catastrophic war putting us in danger and driving up our costs. Attacks on our freedom of speech, our civil rights, our freedom to vote. Costs pushing families to the brink,” their website’s description reads.

Despite Parker’s framing of a decentralized movement, No Kings provides a highly-structured document for organizers titled “March 28 Toolkit,” instructing viewers on how to recruit their own speakers, delegate roles, register their event and use No Kings branded media materials. It also lays out best practices for logistics as well as how to avoid permitting and insurance requirements for event-holders.

BRUCE SPRINGSTEEN DOUBLES DOWN ON ANTI-TRUMP, ANTI-ICE STANCE, SAYS ‘BLOWBACK IS JUST PART OF IT’

Notably, the document also includes a “host hotline,” providing a number with a Maryland area code.

A map of events scheduled for Saturday shows organizational activity in the vast majority of urban centers across the country. Parker said that no one center will play a lead role, but that Minneapolis will act as a “flagship.” 

Parker isn’t affiliated with No Kings directly. Instead, she described herself as a part of 50501 — another decentralized organization that partners with No Kings. She did not describe the nature of the partnership or how they interacted amid their similarly decentralized structures.

REVOLUTIONARY TOURISM: INSIDE THE $600M MARRIAGE OF DARK MONEY AND FAR-LEFT AGITPROP

Asked what 50501 meant, Parker said the name originally stood for “50 states, 50 capitols, one day.”

It, too, is not registered as a non-profit or business.

When asked who should be listening to No Kings’ messaging, Parker said she believes its lawmakers that should pay attention.

“I think it’s for any elected official that is not listening to their constituents again. It should be a message for any, any elected officials, regardless of their political affiliation,” Parker said.

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Business

Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

Business 3 Mins Read

MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly $1.4 billion) deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal.

The highly anticipated deal is expected to relaunch Versace’s fortunes, after middling post-pandemic performance as part of the U.S. luxury group Capri Holdings.

Prada said in a one-line statement that the acquisition had been completed after receiving all regulatory clearances.

Prada heir Lorenzo Bertelli will steer Versace’s next phase as executive chairman, in addition to his roles as group marketing director and sustainability chief.

The son of co-creative director Miuccia Prada and longtime Prada Group chairman Patrizio Bertelli has said he doesn’t expect to make any swift executive changes at Versace. But Bertelli has said that the company, which places among the top 10 most recognized brands in the world, has long been underperforming in the market.

Prada has underlined that the 47-year-old Versace brand offered “significant untapped growth potential.’’

Versace has been in the midst of a creative relaunch under a new designer, Dario Vitale, who previewed his first collection during Milan Fashion Week in September. He had previously been head of design at Miu Miu, but his move to Versace was unrelated to the Prada deal, executives have said.

Capri Holdings, which owns Michael Kors and Jimmy Choo, paid $2 billion for Versace in 2018, but had been struggling to position Versace’s bold profile in the recent era of “quiet luxury.″

Versace represented 20% of Capri Holdings 2024 revenue of 5.2 billion euros. An analyst presentation for the Prada deal said that Versace would represent 13% of the Prada Group’s pro-forma revenues, with Miu Miu coming in at 22% and Prada at 64%. The Prada Group, which also includes Church’s footwear, reported a 17% boost in revenues to 5.4 billion euros last year.

The Prada Group has already begun preparations to incorporate crosstown rival Versace into its Italian manufacturing system, a point of pride for the group.

“Making a bag for one brand or another, the know-how is the same,″ Bertelli told reporters last week at the group’s Scandicci leather goods factory, which already makes bags for the Prada and Miu Miu brands and will soon add Versace.

The Prada Group’s has invested 60 million euros in its supply chain this year, including a new leather goods factory near Siena, a new knitwear factory near Perugia as well as increasing production at its factory Church’s footwear factory in Britain and expanding another Tuscan factory. That’s on top of 200 million euros in investments from 2019-24.

Prada’s efforts include an academy that has trained some 570 new artisans over the last 25 years in an in-house training academy operating in the Tuscany, Marche, Veneto and Umbria regions.

Last year, Prada hired 70% of the 120 artisans who trained in the academy. The number of trainees rose by 28% to 152 this year.

This post appeared first on NBC NEWS

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Investing

Syntholene Energy Corp. Closes Oversubscribed $3.75 Million Non-Brokered Private Placement

Investing 9 Mins Read

Proceeds to be used to Accelerate Procurement and Component Assembly for Demonstration Facility Deployment in Iceland

Syntholene Energy CORP. (TSXV: ESAF,OTC:SYNTF) (FSE: 3DD0) (OTCQB: SYNTF) (the ‘Company’ or ‘Syntholene’) is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $3,750,000 (the ‘Financing’).

‘We are thrilled to have successfully closed this financing, which reflects strong investor confidence in Syntholene’s technology and vision,’ said Daniel Sutton, Chief Executive Officer. ‘These proceeds will accelerate the development of our demonstration facility in Iceland as we continue to advance our mission of delivering cost-competitive, carbon-neutral synthetic fuel.’

An aggregate of 8,333,333 units (each, a ‘Unit‘) were issued at a price of $0.45 per Unit pursuant to the Financing, with each Unit comprised of one common share of the Company (a ‘Common Share‘) and one non-transferable common share purchase warrant (a ‘Warrant‘). Each Warrant is exercisable into one additional Common Share at an exercise price of $0.63 for a period of two years from the date of issuance, subject to an acceleration provision whereby the Company may accelerate the expiry date of the Warrants if the daily trading price of the Common Shares equals or exceeds $0.90 on the TSX Venture Exchange for a period of ten consecutive trading days, in which case the Warrants will expire on the 30th day after the date on which notice is given by news release (the ‘Acceleration Provision‘).

Gross proceeds from the Financing are expected to be used toward the procurement and assembly of components for the Company’s planned demonstration facility in Iceland, and toward corporate marketing initiatives, investor relations and working capital.

In connection with the Financing, the Company entered into a fiscal advisory agreement dated February 11, 2026 with Canaccord Genuity Corp. ( ‘Canaccord‘), pursuant to which the Company and Canaccord agreed to extend the right of first refusal under the agency agreement between the Company, Canaccord and other agents dated September 18, 2025 to a period ending 18 months from closing of the Financing, and for the Company to pay certain fees to Canaccord in connection with the Financing. On closing of the Financing, Canaccord was paid a cash commission of $112,032, issued 248,960 non-transferable broker warrants, 111,111 corporate finance shares and 111,111 non-transferrable corporate finance warrants. Each broker warrant is exercisable into one Common Share at $0.45 per share for a period of two years from the date of issuance. Each corporate finance warrant is exercisable into one Common Share at $0.63 per share for a period of two years from the date of issuance, subject to the Acceleration Provision.

In addition, the Company entered into a finders’ fee agreement dated March 2, 2026 with Haywood Securities Inc. (‘Haywood‘), pursuant to which the Company agreed to pay certain fees to the Canaccord in connection with the Financing. On closing of the Financing, Haywood was paid a cash commission of $7,992 and issued 17,760 non-transferrable broker warrants. Each broker warrant is exercisable into one Common Share at $0.45 per share for a period of two years from the date of issuance.

All securities issued pursuant to the Financing are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. The securities offered pursuant to the Financing have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Financing constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘), as certain related parties of the Company participated in the Financing as follows: John Kutsch, director and officer acquired 1,455,556 Units for $655,000, Grant Tanaka, Chief Financial Officer acquired 111,111 Units for $50,000, and Anna Pagliaro, director acquired 22,222 Units for $10,000. Pursuant to Sections 5.5(b) and 5.7(1)(a) of MI 61-101, the Financing is exempt from the requirement to obtain a formal valuation and minority shareholder approval in respect of this transaction as the Company is not listed on the specified markets set out in MI 61-101 and the fair market value of the consideration from the related parties participating in the Financing is not greater than 25% of the market capitalization of the Company. The aforementioned directors disclosed their interest in the Financing to the board of directors of the Company, and the disinterested members of the board approved the Financing and related party transactions under applicable corporate law. In connection with the Financing, each investor in the Financing entered into a standard form of subscription agreement with the Company containing customary terms for a private placement of the nature of the Financing. The Company did not file a material change report in respect of the Financing at least 21 days before the closing of the Financing, which the Company deems reasonable in the circumstances in order to complete the Financing in an expeditious manner.

Early Warning Disclosure – Acquisition by John Kutsch

John Kutsch, a director of the Company, acquired 1,455,556 Units pursuant to the Financing for aggregate consideration of $655,000 representing a price of $0.45 per Unit. Immediately prior to closing of the Financing, Mr. Kutsch beneficially owned, directly or indirectly, 15,583,467 Common Shares, 543,400 Options, 100,000 RSUs and 2,386,755 deferred consideration shares (‘DCSs‘), representing approximately 22.6% of the issued and outstanding Common Shares on a non-diluted basis and, assuming the settlement of all RSUs into Common Shares, exercise of all Options into Common Shares and issuance of all DCSs, approximately 25.86% of the issued and outstanding Common Shares on a partially diluted basis. Immediately following closing of the Financing, Mr. Kutsch beneficially owns, directly or indirectly, 17,039,023 Common Shares, 543,400 Options, 100,000 RSUs, 2,386,755 DCSs and 1,455,556 Warrants, representing approximately 21.96% of the issued and outstanding Common Shares on a non-diluted basis and, assuming the settlement of all RSUs into Common Shares, exercise of all Options and Warrants into Common Shares and issuance of all DCSs, approximately 26.23% of the issued and outstanding Common Shares on a partially diluted basis. The Common Shares held by Mr. Kutsch are held for investment purposes and were acquired for investment. Mr. Kutsch has a long-term view of the investment and may acquire additional securities of the Company either on the open market, through private acquisitions or as compensation or sell the securities on the open market or through private dispositions in the future depending on market conditions, general economic and industry conditions, the Company’s business and financial condition, reformulation of plans and/or other relevant factors. Certain securities held by Mr. Kutsch as subject to Tier 2 escrow in accordance with TSXV policies, as described in the Filing Statement dated November 30, 2025, a copy of which is filed on the Company’s profile on SEDAR+.

A copy of John Kutsch’s early warning report will be filed on the Company’s profile on SEDAR+ (www.sedarplus.ca) and may also be requested by mail at Syntholene Energy Corp. Suite 1723, 595 Burrard Street, Vancouver, BC V7X 1J1, Attention: Corporate Secretary or phone at 604-684-6730.

About Syntholene

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company’s upcoming demonstration facility and commercial scale-up.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com
www.syntholene.com
+1 608-305-4835

Investor Relations
KIN Communications Inc.
604-684-6730
ESAF@kincommunications.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the proposed use of proceeds of the Financing, development of the test facility, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, including that it will use the proceeds of the Financing, if any, as described herein, that the Company will be able to advance its planned test facility, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286066

News Provided by TMX Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Investing

Valeura Energy Inc. Announces Thailand to Prioritise Domestic Energy Supply

Investing 8 Mins Read

CALGARY, AB / ACCESS Newswire / March 3, 2026 / Valeura Energy Inc. (TSX:VLE,OTC:VLERF)(OTCQX:VLERF) (‘Valeura’ or the ‘Company’) acknowledges that Thailand’s Ministry of Energy has, by way of a press release, requested that domestic oil producers cooperate in supporting national energy security in Thailand, in light of disruptions to the normal supply of oil from the Middle East region. This request includes postponing any planned downtime of oil production facilities and temporarily suspending crude oil exports.

Valeura is seeking further clarification from the Ministry of Energy to ensure compliance with the request and to continue supporting Thailand’s economy with domestically-produced energy. Valeura anticipates that this new government action will not interfere with the Company’s ongoing operations in Thailand, and production is continuing as usual and in accordance with Valeura’s high standards for health, safety, and environmental stewardship.

Thailand’s local network of crude oil purchasers constitutes a viable market for Valeura’s crude oil, and includes both refiners and blenders who have direct experience with the Company’s particular crude oil streams. Typically, approximately one third of Valeura’s oil is sold into the domestic Thai market, and from time to time, each of Valeura’s oil streams have been sold within the domestic market.

Thailand is a net importer of oil, with approximately 92% of its daily crude oil requirements coming from foreign sources, predominantly the Middle East region (2025 data, Energy Policy and Planning Office, Ministry of Energy). Thailand has issued similar requests in response to geopolitical developments in the past, to support national energy security by temporarily mandating that domestically-produced petroleum remains within Thailand. Valeura is well-versed in responding to such requests and intends to comply, to support Thailand’s energy needs.

For further information, please contact:

Valeura Energy Inc. (General Corporate Enquiries) +65 6373 6940
Sean Guest, President and CEO
Yacine Ben-Meriem, CFO
Contact@valeuraenergy.com

Valeura Energy Inc. (Investor and Media Enquiries) +1 403 975 6752 / +44 7392 940495
Robin James Martin, Vice President, Communications and Investor Relations
IR@valeuraenergy.com

Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Beacon Securities Limited, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, Roth Canada Inc., and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

About the Company

Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

Advisory and Caution Regarding Forward-Looking Information

Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as ‘anticipate’, ‘believe’, ‘expect’, ‘plan’, ‘intend’, ‘estimate’, ‘propose’, ‘project’, ‘target’ or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this news release includes, but is not limited to, the Company’s belief that the new government action will not interfere with the Company’s ongoing operations in Thailand; and the Company’s intent to comply with the government’s request, subject to further clarification.

Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; royalty rates and taxes; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

The forward-looking information contained in this new release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this new release is expressly qualified by this cautionary statement.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Valeura Energy Inc.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

This post appeared first on investingnews.com

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Politics

‘Ship has sailed’: This is what Dems won’t get in DHS deal after shunning GOP

Politics 3 Mins Read

Congressional Democrats consider the Senate-passed plan to end the Homeland Security shutdown a victory, but they’re walking away empty-handed with none of their sought-after reforms to immigration enforcement.

Pushing for sweeping changes to Immigration and Customs Enforcement (ICE) in the wake of a pair of fatal shootings in Minnesota is why Democrats blocked more than a half-dozen attempts to prevent or end the second-longest shutdown in U.S. history.

But the window of opportunity to secure any reforms slammed shut just after 2 a.m. Friday.

DHS SHUTDOWN BREAKTHROUGH COMES AT COST FOR REPUBLICANS AS FUNDING FIGHTS NEARS END

“I mean, I think that ship has sailed, and they kind of kissed that opportunity goodbye by failing to provide funding for those agencies,” Senate Majority Leader John Thune, R-S.D., said.

At the onset of the shutdown in early February, Schumer and Democrats presented 10 categories of reforms they wanted to be implemented for ICE and immigration enforcement in order to earn their votes to fund DHS.

The proposals were in response to the fatal shootings of Alex Pretti and Renee Nicole Good and were designed to drastically rein in the power of ICE and Customs and Border Protection (CBP) agents.

HOUSE CONSERVATIVES RAGE AGAINST SENATE DHS SHUTDOWN DEAL

Among them were requiring judicial warrants for agents, forcing agents to unmask, requiring agents to display identification, ending roving patrols, preventing agents from operating in certain areas like schools and hospitals, requiring body-worn cameras, increasing oversight of detention centers tied to funding, and several more.

The warrant requirements and unmasking were hard red lines for Republicans and the White House, but throughout negotiations, the GOP made concessions on several others, including limiting immigration enforcement at sensitive locations, allowing congressional oversight of DHS detention facilities, and enforcing the use of visible identification for DHS agents.

Democrats walked away with none of those offers that were on the table, aside from $20 million to purchase body-worn cameras, which was already in the original Homeland Security funding bill.

SCHUMER, DEMS BLOCK DHS FUNDING AGAIN, TRUMP INTERVENES TO PAY TSA AGENTS

“The Dems wanted reforms. We tried to work with them on reforms. They ended up getting no reforms,” Thune said.

Still, Schumer and congressional Democrats scored a political victory of sorts, with the legislation carving out funding for ICE and the border protection arm of CBP.

Republicans, however, front-loaded immigration enforcement funding last year with $75 billion over the next several years and plan a similar move using the same budget reconciliation process to extend funding for up to a decade.

And with a rebellion against the legislation fomenting among House Republicans — who are widely unhappy with immigration enforcement not being funded right away — all parties could be taken back to square one.

“This is exactly what we wanted,” Schumer said after the Senate advanced the bill. “This is what we asked for, and I’m very proud of my caucus. My caucus held the line.”

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Politics

Biden judge freezes Trump administration’s move against AI firm, fueling battle over security authority

Politics 4 Mins Read

A federal judge’s decision to block the Trump administration from banning AI firm Anthropic from Department of War use is igniting a debate over whether the ruling pushes courts into national security decision-making.

The ruling, issued late Thursday by U.S. District Judge Rita Lin, a Biden appointee to the Northern District of California, pauses the administration’s broader effort to bar the company while the case proceeds, though it does not explicitly require the Pentagon to use Anthropic. The judge also gave the government one week to appeal.

Under Secretary of War Emil Michael wrote on X that the ruling contained “dozens of factual errors” and was issued “during a time of conflict,” arguing it “seeks to upend the (president’s) role as Commander in Chief” and disrupt the department’s ability to conduct military operations.

A BRAVE MARINE COLONEL TOOK ON THE PENTAGON — AND PAID THE PRICE FOR IT

Michael said the administration views Anthropic as still designated a supply chain risk pending appeal, signaling officials are disputing the scope and effect of the court’s injunction.

Lin said the Pentagon’s move to designate Anthropic as a national security risk was “likely both contrary to law and arbitrary and capricious.”

“Nothing in the governing statute supports the Orwellian notion that an American company may be branded a potential adversary and saboteur of the U.S. for expressing disagreement with the government,” Lin said.

“Can a judge order the Department of War to use a vendor that is a security risk? No, but also yes? Judge Lin (Biden N.D. California) tries to stop President Trump/Secretary Hegseth from banning Anthropic. But acknowledges they can choose not to use it?” one X user Eric Wess wrote on the social media platform. 

Others described the ruling as “pure judicial activism” and accused the judge of interfering in a national security decision.

But supporters of the decision — including a bipartisan group of nearly 150 retired federal and state judges — say the administration overstepped, warning the Pentagon’s use of a “supply chain risk” designation appeared improperly applied and could chill free speech and legitimate business activity.

In a March 3 letter, the Pentagon had notified Anthropic it would be designated a supply chain risk to national security. That designation ordered that no contractor, supplier or partner doing business with the United States military may conduct commercial activity with Anthropic.

PALANTIR EXECUTIVE SAYS AI ENABLING RAPID BATTLEFIELD PLANNING AND HIGH-SPEED US STRIKE OPERATIONS

The legal fight follows a broader dispute between the Pentagon and Anthropic over how the company’s AI system, Claude, can be used in military operations. Claude is the only commercial AI system approved for classified use. 

War Secretary Pete Hegseth had warned Anthropic it would face termination of its $200 million contract, awarded in July 2025, or be designated a supply chain risk if it did not allow its AI platform to be approved for all lawful uses. 

Anthropic insisted it would not allow Claude to be used for fully autonomous weapons or mass surveillance of Americans. 

Pentagon officials say such uses already are not permitted, emphasizing that humans remain in the loop for lethal decisions and that the military does not conduct domestic surveillance, but maintain that private companies cannot dictate how their systems are used in lawful operations.

Lin pointed to the breadth of the measures — including a government-wide ban and contractor restrictions — saying they did not appear “tailored to the stated national security concern” and instead “look(ed) like an attempt to cripple Anthropic.

Anthropic welcomed the decision, saying in a statement: “We’re grateful to the court for moving swiftly, and pleased they agree Anthropic is likely to succeed on the merits.”

Hegseth described CEO Dario Amodei and Anthropic of a “master class in arrogance” and a “textbook case of how not to do business with the United States Government” in a Feb. 27 post on X. 

OpenAI has emerged as a key alternative, securing a Pentagon deal to deploy its models on classified systems as tensions with Anthropic escalated. 

Still, Anthropic has not been fully displaced — its Claude system remains deeply embedded in military workflows, and replacing it would take time.

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Business

Airbus says most of its recalled 6,000 A320 jets are now modified

Business 4 Mins Read

PARIS — Airbus fleets were returning toward normal operations on Monday after the European plane maker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing.

Dozens of airlines from Asia to the United States said they had carried out a snap software retrofit ordered by Airbus, and mandated by global regulators, after a vulnerability to solar flares emerged in a recent mid-air incident on a JetBlue A320.

Airbus said on Monday that the vast majority of around 6,000 of its A320-family fleet affected by the safety alert had been modified, with fewer than 100 jets still requiring work.

JetBlue Airbus A320 planes at LaGuardia Airport in New York City.Nicolas Economou / NurPhoto via Getty Images file

But some require a longer process and Colombia’s Avianca continued to halt bookings for dates until December 8.

Sources familiar with the matter said the unprecedented decision to recall about half the A320-family fleet was taken shortly after the possible but unproven link to a drop in altitude on the JetBlue jet emerged late last week.

Shares in Airbus were down 2.1% in early trading in Paris.

Following talks with regulators, Airbus issued its 8-page alert to hundreds of operators on Friday, effectively ordering a temporary grounding by ordering the repair before next flight.

“The thing hit us about 9 p.m. [Jeddah time] and I was back in here about 9:30. I was actually quite surprised how quickly we got through it: there are always complexities,” said Steven Greenway, CEO of Saudi budget carrier Flyadeal.

The instruction was seen as the broadest emergency recall in the company’s history and raised immediate concerns of travel disruption particularly during the busy U.S. Thanksgiving weekend.

The sweeping warning exposed the fact that Airbus does not have full real-time awareness of which software version is used given reporting lags, industry sources said.

At first airlines struggled to gauge the impact since the blanket alert lacked affected jets’ serial numbers. A Finnair passenger said a flight was delayed on the tarmac for checks.

Over 24 hours, engineers zeroed in on individual jets.

Several airlines revised down estimates of the number of jets impacted and time needed for the work, which Airbus initially pegged at three hours per plane.

“It has come down a lot,” an industry source said on Sunday, referring to the overall number of aircraft affected.

The fix involved reverting to an earlier version of software that handles the nose angle. It involves uploading the previous version via a cable from a device called a data loader, which is carried into the cockpit to prevent cyberattacks.

At least one major airline faced delays because it lacked enough data loaders to handle dozens of jets in such a short time, according to an executive speaking privately.

UK’s easyJet and Wizz Air said on Monday they had completed the updates over the weekend without cancelling any flights.

JetBlue said late Sunday it expected to have completed work to return to service 137 of 150 impacted aircraft by Monday and plans to cancel approximately 20 flights for Monday due to the issue.

Questions remain over a subset of generally older A320-family jets that will need a new computer rather than a mere software reset. The number of those involved has been reduced below initial estimates of 1,000, industry sources said.

Industry executives said the weekend furor highlighted changes in the industry’s playbook since the Boeing 737 MAX crisis, in which the U.S. plane maker was heavily criticized over its handling of fatal crashes blamed on a software design error.

It is the first time Airbus has had to deal with global safety attention on such a scale since that crisis. CEO Guillaume Faury publicly apologized in a deliberate shift of tone for an industry beset by lawsuits and conservative public relations. Boeing has also declared itself more open.

“Is Airbus acting with the Boeing MAX crisis in mind? Absolutely — every company in the aviation sector is,” said Ronn Torossian, chairman of New York-based 5W Public Relations.

“Boeing paid the reputational price for hesitation and opacity. Airbus clearly wants to show … a willingness to say, ‘We could have done better.’ That resonates with regulators, customers, and the flying public.”

This post appeared first on NBC NEWS

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