Month: May 2024

Foreign ministers confident of agreement to use bank assets as security for Ukraine reconstruction loan

Hopes of a multi-country deal to use $300bn of Russian state assets frozen in the European banking system to support Ukraine have grown after it emerged that G7 ministers were confident of overcoming technical and political obstacles at a meeting in northern Italy on Saturday.

The Canadian finance minister, Chrystia Freeland, said she was optimistic that G7 leaders would reach an agreement, as support coalesced around a plan to use frozen Russian central bank assets as security for a $50bn (£39bn) loan. Continue reading…
http://dlvr.it/T7PYLn

ICYMI: * Team will also play games in Vancouver and Montreal
* WNBA’s 14th franchise will start play in 2026

Toronto has been awarded the WNBA’s first franchise outside the United States, with the expansion team set to begin play in 2026.

Larry Tanenbaum-led Kilmer Sports Ventures is paying $50m for the team. Tanenbaum also is the chairman and a minority owner of Maple Leaf Sports and Entertainment, the Toronto sports giant that also owns the NHL’s Maple Leafs and NBA’s Raptors along with Toronto’s MLS and Canadian Football League franchises. Continue reading…
http://dlvr.it/T7Ml3l

Federal government to amend Citizenship Act, removing ‘second-generation cut-off’ introduced by Conservative government

Canada plans to restore the right of citizens born abroad to pass their citizenship to children also born outside the country, following a court ruling that a “first-generation limit” in the law was unconstitutional.

The federal government announced legislation to amend the Citizenship Act, removing a “second-generation cut-off” introduced by the previous Conservative government, after an Ontario court ruled in December that the limit was unconstitutional. Continue reading…
http://dlvr.it/T7Mkpb

* Team will also play games in Vancouver and Montreal
* WNBA’s 14th franchise will start play in 2026

Toronto has been awarded the WNBA’s first franchise outside the United States, with the expansion team set to begin play in 2026.

Larry Tanenbaum-led Kilmer Sports Ventures is paying $50m for the team. Tanenbaum also is the chairman and a minority owner of Maple Leaf Sports and Entertainment, the Toronto sports giant that also owns the NHL’s Maple Leafs and NBA’s Raptors along with Toronto’s MLS and Canadian Football League franchises. Continue reading…
http://dlvr.it/T7KDkh

ICYMI: Victims in Britain have finally gained a measure of justice – elsewhere the fight has had varying outcomes

On Monday, infected blood victims in the UK finally felt they had obtained a measure of justice and closure, nearly 50 years after the scandal began. Yet questions remain over the compensation scheme and whether criminal charges will be brought. Here is what happened in some other countries. Continue reading…
http://dlvr.it/T7GfKH