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Blue Bird (BLBD) Q3 Earnings Report Preview: What To Look ForParna Sabet-Stephenson is the leader of Gowling WLG’s Financial Services and Technology (FSxT) Group. Whether they know it or not, an estimated nine million Canadians routinely share their private financial information through a process known as “screen scraping.” Under this practice, consumers relinquish their bank login details to any number of tech service providers – few of which are subject to Canadian banking regulations – granting them broad permission to harvest their financial data for use in their products and services (fintech apps or accounting software, for example). For years, major financial institutions and ambitious fintech companies alike have criticized the process. Fintech companies, especially, have been urging Ottawa to move decisively on a safer, more modern alternative – namely, a “consumer-driven banking” or “open banking” framework built on a secure application programming interface (API) to transmit confidential information. Such a framework promises to kick open the door to a new era of transparency, security and consumer control around the sharing of sensitive financial information. To be sure, it’s a door that’s already wide open in Australia, Brazil, Britain and throughout Europe, and soon will be in the United States, as all of these places have enacted varying degrees and types of open-banking frameworks in recent years. In the coming weeks, Canada is slated to finally follow suit, having pledged in its last federal budget to release its draft open-banking legislation before year-end. Many industry watchers hope and expect this would allow for the direct transmission of information to replace screen scraping, putting an end to a practice that, despite its myriad flaws, has fuelled a Canadian fintech ecosystem valued at more than US$300-billion. Recently The Logic reported that the federal government plans to go a step further, not just introducing open banking but actively cracking down on screen scraping in tandem. This dual-pronged approach is a no-brainer. This outdated and insecure method of data transmission needs to go in order to protect Canadians and our financial system, boost trust, and accelerate the adoption of open banking in Canada. But while the move to phase out screen scraping is great news, the real question is how – and how fast – Ottawa will make this transition as it rolls out open banking. Speaking at an event in Gowling WLG’s office in May, Julien Brazeau, an associate assistant deputy minister in the Finance Department and one of the architects behind Canada’s future open-banking legislation, signalled that if Ottawa goes down that path, it would be taking a thoughtful, gradual approach to phasing out screen scraping. But if this practice is indeed so fraught with privacy, cybersecurity and legal risks, why does Ottawa not insist on an outright ban from the start? There are a few important reasons for this. First, Canada’s open-banking legislation is expected to be narrow in scope initially, limited to only certain types of data – particularly those related to deposit accounts, payment products, investment products, lines of credit and mortgages. In addition, fintechs receiving these data will initially not be permitted to edit it on banks’ servers, which would prevent functionalities such as payment initiation or account creation. For products and services reliant on data or functionality outside that initial scope, pulling the screen-scraping rug out suddenly is certain to hamper innovation. It’s important, then, that Canada’s screen-scraping phase-out at least be in lockstep with the scope of open banking’s phase-in. Second, as Canada begins to cautiously test the waters of open banking, screen scraping still offers a viable safety net in the event this transition encounters unexpected challenges. For example, if newly implemented APIs are found to be vulnerable to data breaches or other security risks, screen scraping may provide a necessary temporary workaround. Finally, a very large question of accreditation looms over Ottawa’s strategy. In a preview into Canada’s consumer-driven banking strategy released as part of the federal budget, the government promised to include an accreditation process to “ensure that only those who meet certain requirements can participate in a data sharing ecosystem.” For the time being, it also ruled out tiered accreditation, which would impose varying requirements for different levels of access. Will the accreditation rules be too rigid or onerous? It remains to be seen. What is certain is that the approach to accreditation must lend itself to a strategic phase-out of screen scraping. If the compliance burden proves overbearing, it’s likely that many – particularly smaller players with fewer resources – may simply choose not to opt in, which would jeopardize the adoption of open banking in Canada. The success of open banking will ultimately depend on Ottawa’s ability to balance progress with pragmatism as it works to make screen scraping an obsolete practice.

LONDON — Russia is "exceptionally aggressive and reckless in the cyber realm," and "no one should underestimate" the threat to NATO, a senior UK minister will declare in his address Monday. Pat McFadden, whose portfolio includes national security, will tell a NATO cybersecurity conference in London that Moscow "won't think twice about targeting British businesses," according to excerpts of his address released Sunday by his ministry. Register to read this story and more for free . Signing up for an account helps us improve your browsing experience. OR See our subscription options.Staggering Surge! AI and IoT Drive 2025 Semiconductor Boom. The global semiconductor sector is on the brink of extraordinary growth as we enter 2025, with emerging technologies like artificial intelligence and the Internet of Things propelling demand for cutting-edge semiconductor solutions. As investors hunt for lucrative opportunities in this evolving market, here is a concise view of the promising semiconductor stocks poised for gains. 2025: A Landmark Year for Semiconductor Growth Anticipated to reach a colossal $640 billion by 2025, the semiconductor market is surging by 10% over the previous year. The vigorous upswing is largely fueled by the booming AI chip segment, which is projected to expand by 35% annually, hitting a $120 billion valuation. The sector has adeptly overcome supply chain challenges, with production facilities in the U.S. and Europe operating efficiently, thanks to investments by giants like TSMC and Samsung. The impact of the CHIPS Act is becoming increasingly evident, injecting $39 billion into the domestic market. Spotlight on Leading Semiconductor Stocks Nvidia (NVDA) remains at the forefront, transforming its graphics legacy into AI and data center domination with their GPUs essential for AI training. Nvidia continues to see impressive revenue growth, fueled by substantial R&D investments and dominant market presence. Advanced Micro Devices (AMD) has strengthened its foothold with the MI300 AI accelerators and EPYC processors capturing the data center spotlight. AMD’s strategic expansions assure continued growth through innovative AI solutions. Broadcom (AVGO), following its VMware acquisition, emerges as a tech leader, leveraging AI infrastructure for networking and storage breakthroughs. With strong revenue trajectories and strategic AI investments, it offers both growth and income potential. Taiwan Semiconductor Manufacturing Company (TSM) upholds its status as a crucial chip manufacturer, bravely navigating geopolitical challenges and securing its 3nm technology’s place in market leadership. As the industry edges toward unprecedented advancement, these standout stocks offer appealing opportunities for savvy investors in 2025. The Semiconductor Industry’s Bright Future: Unveiling Growth, Innovations, and Market Leaders The semiconductor industry is set for a remarkable expansion driven by emerging technologies such as artificial intelligence (AI) and the Internet of Things (IoT). As we approach 2025, this sector is poised for substantial growth, with significant contributions from top semiconductor stocks and strategic developments paving the way. Growth Projections and Market Viability By 2025, the semiconductor market is expected to reach an impressive $640 billion, reflecting a 10% increase from the previous year. This growth is largely fueled by the AI chip segment, which is predicted to grow by an impressive 35% annually, reaching a $120 billion valuation. The swelling demand for more efficient and advanced chips is attributable to the expanded applications of AI and IoT across various industries. Overcoming Challenges with Innovation The semiconductor industry has adeptly surmounted previous supply chain issues, thanks to strategic investments and cooperation among global leaders. Companies like TSMC and Samsung have significantly bolstered their production capabilities in the United States and Europe. The influence of the CHIPS Act, with its $39 billion infusion into the domestic semiconductor market, is creating robust manufacturing infrastructures and innovation hubs. Key Players Driving Semiconductor Success – Nvidia (NVDA): Dominating the AI and data center sectors, Nvidia leverages its robust GPU portfolio to maintain a leading edge in AI training technologies. They continue to experience significant revenue acceleration driven by their strategic focus on research and development. – Advanced Micro Devices (AMD): AMD is making waves with its MI300 AI accelerators and EPYC processors, which are pivotal in the data center industry. With a strong presence in AI solutions, AMD’s growth trajectory is anchored by its commitment to cutting-edge technological advancements. – Broadcom (AVGO): Bolstered by its acquisition of VMware, Broadcom stands as a leader in leveraging AI for networking and storage solutions. With a strong focus on strategic investments in AI infrastructure, Broadcom offers both growth and income potential for its investors. – Taiwan Semiconductor Manufacturing Company (TSM): As a critical player in chip manufacturing, TSM continues to lead with its 3nm technology. Despite geopolitical challenges, TSM’s innovations in semiconductor manufacturing solidify its market leadership. Market Insights and Strategic Considerations Investors with an eye towards the future will find the semiconductor industry to be a fertile ground for opportunity. The demand for semiconductors, driven by AI and IoT advancements, is likely to continue, suggesting a vibrant future for key players in this space. The industry’s response to supply chain disruptions demonstrates resilience and adaptability, reinforcing the sector’s appeal for long-term investment. For further information, explore these URLs: – Nvidia – AMD – Broadcom – Taiwan Semiconductor Manufacturing Company The semiconductor sector’s strong position is underscored by its commitment to innovation, sustainable growth, and its ability to navigate complex challenges, establishing it as a promising arena for future investment.

Share to Facebook Share to Twitter Share to Linkedin A Robin Radar system looks skyward to detect incoming drones. When Siete Hamminga, the CEO of Robin Radar, first heard that Sen. Chuck Schumer (D-NY) had mentioned his company by name earlier this week at a press conference discussing recent reports of mysterious drones flying over the eastern U.S., he thought it was a joke. After all, Robin Radar, a drone detection company based in the Netherlands, is fairly unknown to American law enforcement, and to Americans generally. “We have only made our first steps in the U.S. market,” he told Forbes . The Department of Homeland Security’s Science and Technology Directorate, the research arm of the agency, used Robin Radar earlier this year as a security measure in the aftermath of the Francis Scott Key Bridge collapse in Baltimore (currently it’s being evaluated for further use). Schumer has advocated for the DHS to deploy systems like Robin Radar in response to the panic around what appeared to be drones of unknown origin, fueled by social media posts, that began in mid-November. The sightings have been documented across New Jersey, New York and other parts of the East Coast, and have fueled numerous bizarre conspiracy theories including that the drones are alien in origin or under the control of foreign adversaries. On Thursday, the Federal Aviation Administration said the agency would impose “temporary flight restrictions” over 22 cities in New Jersey for the next month as a way to assuage concerns over the recent spate of purported drone sightings. That announcement came two days after the FAA, along with the FBI, Department of Homeland Security and Department of Defense jointly concluded that these drone reports do not “present a national security or public safety risk.” This week, Sen. Schumer pushed for new legislation that would allow local authorities to conduct their own drone detection, but the bill has been stymied for now by Sen. Rand Paul (R-KY), who argued that these current drone sightings do not represent a clear threat to the United States. Robin Radar’s radar systems are not currently operational anywhere in the U.S., but that may change as the company offers its drone detection wares for different scenarios. “It goes from policing to private security, sporting events, and critical infrastructure,” Hamminga said. “I’m very convinced that a few years from now, every embassy will have its own drone detection, every prison.” The CEO declined to provide pricing, but said its hardware costs “less than $1 million” per installation, far cheaper than traditional military-style radar, which often has difficulty with identifying something as small as a drone. Robin Radar, which had an operating profit of just under $20 million in 2023, according to Pitchbook, has already made a name for itself in Europe. Earlier this year, the Dutch Ministry of Defense announced that it would purchase 51 radars and donate them to Ukraine, to support the war against Russia. In October, Parcom, a Dutch private equity firm, purchased Robin Radar for an undisclosed amount. Robin Radar’s “small but mighty” radar is a little white helmet-shaped device often mounted on a tripod or in a vehicle, which can scan up to five kilometers, or three miles, in every direction. The company initially began in 2010 working on a device to detect birds, but then expanded to drone detection. There are different ways to detect drones, which are often used simultaneously. The simplest way is visually, and another method involves scanning radio frequencies, the communications sent between a pilot and the drone itself. But that doesn’t work if a drone is flying totally autonomously. “With radar, it doesn’t matter,” Hamminga said, explaining that the company’s “micro-doppler” technique is designed to identify the distinctive motion of a bird’s wings, or a drone’s blades. “The advantage of a radar is that we have 360 degree coverage. It’s full 3D, so every target has height information, and it allows us to visualize 3,000 targets in real time.” It’s not clear exactly how Sen. Schumer came to be aware of Robin Radar, but it may have been as a result of a recent meeting between representatives from one of Robin Radar’s partners, Dedrone, and the New Jersey State Police. (Schumer’s office did not respond to Forbes’ request for comment. The New Jersey State Police referred Forbes to the governor’s office, which did not respond.) Dedrone is a subsidiary of Axon, a company that dominates the American law enforcement market and sells everything from body-worn cameras to tasers. It also makes a drone detection software platform that integrates with the physical radars made by Robin Radar and others. (Dedrone also declined to comment.) Even if drone detection systems like those made by Robin Radar were to become widespread across the United States, that still leaves an open question: if any drone poses a threat, what are authorities to do about it? John Michael Dahm , a senior resident fellow for aerospace at the Mitchell Institute, a Washington, D.C.-based think tank, told Forbes that there are ways to disrupt a drone by jamming it electronically. There are even more intense “kinetic” tactics, which can lead to a myriad of other questions and scenarios. “Do you want to shoot it with something? Do you want to hit it with another drone and make it crash? Do you want to shoot at it with a shotgun type weapon or with beanbags?” he said. “This raises the spectre of collateral damage. What if it crashes into a house and starts a fire?” But outside of military uses, it’s very difficult for state and local authorities to get permission to disable drones – after all, shooting at aircraft is a federal crime. So for now, local law enforcement likely will start with finding them first. “Even if you are not allowed to take [a drone] out, it is good to have situational awareness,” Hamminga said. Editorial Standards Forbes AccoladesAkron 97, Alabama St. 78Trump nominates Marty Makary, a critic of some COVID-19 health measures, to lead the FDA

As an automotive hub, Tamil Nadu has deeply entrenched and well-developed tyre manufacturing capabilities. It is now tapping into that ecosystem to attract incremental investments from tyre companies that have long been present in TN. Two months ago, French tyre major Michelin announced it will set up a new plant in Tiruvallur. “We are investing 564 crore in this phase which will also generate up to 200 additional jobs,” says Shantanu Deshpande, MD, Michelin India. IPL 2025 mega auction IPL Auction 2025: Who got whom IPL 2025 Auction: Updated Full Team Squads “This investment is over and above the existing investment of 2,840 crore in the country,” he adds. CEAT, which has invested a little more than 2,500 crore in the past five years, is planning to invest another 1,500 crore in a few years says Kumar Subbiah, CFO, CEAT. The state govt has been quick to see this as an investment and employment opportunity. It is working closely with these players to support both expansion and new investments, says industries minister T R B Rajaa. “Tamil Nadu has long been a hub for tyre manufacturing, with leading companies such as CEAT, Apollo Tyres, MRF Tyres, Yokohama, TVS Srichakra, Emerald Resilient Tyres, Michelin, and JK Tyres expanding operations in the state. Over the last few years, these companies have announced and initiated significant projects, many of which are now in various stages of implementation,” he adds. Most tyre companies are already long-term investors in TN and understand its advantages. “TN offers a compelling investment environment due to its integrated automotive ecosystem, superior infra and supportive govt policies,” says Anshuman Singhania, MD, JK Tyre & Industries. “For JK Tyre, proximity to natural rubber from Kerala, access to port infra, and availability of a skilled workforce in TN are integral to strategic growth plans,” he says. The company has invested about 3,000 crore in its Chennai plant. Those are pretty much the reasons why other tyre companies are also rooting for TN. Even those like Apollo Tyres, which now sources its raw material from across the globe especially for the high-performance tyres produced at the Chennai facility. “Proximity to a port minimises the logistics cost for import of raw material and export of finished goods,” says Gaurav Kumar, CFO, Apollo Tyres. Others like Michelin are rooting for making Tamil Nadu a green tyre hub. “The state govt has taken several measures to encourage decarbonisation and emissions reduction. Chennai is one of our most technologically advanced and green plants,” says Deshpande. The clean energy angle is something other tyre companies are also working for. CEAT would like to get more clean energy to make operations more sustainable, says Subbiah. “About 57% of Tamil Nadu’s installed energy capacity coming from renewable sources such as wind and solar. This commitment to sustainability enhances the state’s appeal to industries aiming to reduce their carbon footprint,” says Rajaa. Under the Tamil Nadu Industrial Policy 2021 (TNIP), companies get incentives to establish captive power plants. Tyre companies acknowledge the govt’s pro-active approach, but say a little more needs to be done. “We would like to see some state policies around incentivising the local manufacturers linked to investments, low-cost financing schemes and development of vocational training centres,” says JK’s Singhania. “Additionally, govt can help in acquiring land for large manufacturing facilities.” Others are looking for financial benefits. “Industry is looking at getting subsidy from the govt for new investments in R&D,” says Apollo Tyres’ Gaurav Kumar. The state can also facilitate schemes on the lines of National Employability Enhancement Mission and National Apprenticeship Promotion Scheme, which will help TN youth get exposure to industry, he adds. Sector-specific incentives are key given the carrots being offered by other states. JK is expanding its Banmore (MP) and Laksar (Uttarakhand) plants. “Theseare strategically chosen to take advantage of various incentives offered by state govts,” says Singhania. Tamil Nadu Industrial Policy 2021 already offers a structured package of incentives including investment-linked benefits and support for expansion. So, the govt is prioritising workforce development. Ready to Master Stock Valuation? ET's Workshop is just around the corner!León Gallery’s Kingly Treasures Auction celebrates our heritageFrom being unsafe in the family home to having parents or caregivers who’ve forbidden their return, youth are not immune to becoming part of the country’s growing population of people without housing. That’s why Cobourg’s Rebound Child and Youth Services (Rebound) offers programs and continues to develop new resources to prevent youth homelessness in Northumberland. The not-for-profit agency that supports children, youth, and families has announced it’s a local beneficiary of the Home Depot Canada Foundation’s “Holiday Orange Door Project Campaign” combatting homelessness, which runs until December 22 at the Cobourg Home Depot and online. “We know that youth experiencing unstable housing is growing in our community,” Rebound’s executive director Sam Rockbrune told kawarthaNOW. “Funds raised through this campaign will help us provide supports, such as mental health services and our family wellness hub, to take preventative steps for youth homelessness. Rebound is already working on prevention for youth homelessness with our current programs and rolling out exciting new programs in the new year.” Rebound services offer a private and confidential process that can assist children, youth, and their families with options and resources for programming. The organization believes that the most effective services are those that are provided in a responsive and respectful manner and in a partnership with families. The agency serves more than 1,800 young people each year. In 2018, Rebound partnered with Northumberland County Community & Social Services to deliver the trusteeship program for youth aged 16 to 17 receiving Ontario Works (OW). “At the time, I was the trusteeship caseworker, and the case load was 13 individuals,” recalled Krystyne Gillespie, Rebound’s outreach and fund development manager, adding the case load has since quadrupled. “We see approximately 50 to 60 individuals per year, with around 40 to 45 of those (youth) continuing to need support through the program,” she said. “The trusteeship is not just about receiving financial support through OW. Our goal is for the youth to stay in school, graduate and go on to post-secondary education or into the workforce.” Rebound provides clients with emotional health supports, access to food and clothing items, and strives to serve as a bridge to other resources, as necessary. The agency saw, on average, two unsheltered youth per year in the first few years of the program. “So far in 2024, we currently have seven youth who are experiencing homelessness,” Gillespie noted. She said Rebound is aware of a large number of youths who are living with grandparents or other family members to provide space between them and their parents, especially following the COVID-19 pandemic. “Youth homelessness is often unseen, as youth are resilient and will find places to stay or couch-surf,” she said. “I would encourage parents to ask questions if their child is having a friend sleep over more often or throughout the week.” “Ultimately, Rebound hopes to prevent youth homelessness by helping families creating stronger bonds, building their skills around communication and conflict management, for example. Families that learn together, grow together, (and) hopefully stay together.” As for the Holiday Orange Door Project Campaign, customers can donate during checkout at the Cobourg Home Depot or by visiting orangedoorproject.ca and selecting Cobourg as the location for their donation. All local donations will help Rebound provide counselling and therapy, youth justice diversion, youth homelessness prevention programs, along with family and parenting support services. Since 2022, the Cobourg Home Depot has raised over $25,000 for Rebound through the Orange Door Project fundraising campaign, an initiative of the Home Depot Canada Foundation. The foundation is a Canadian registered charity supporting 127 organizations across the country that are committed to preventing and ending youth homelessness. To create new paths for youth experiencing homelessness or at risk of doing so, the foundation will invest $125 million by 2030.

Alex Ovechkin is expected to miss 4 to 6 weeks with a broken left leg