Stock market news live updates: Stocks fall with rising COVID-19 cases, stimulus in focus - Yahoo Canada Finance | Canada News Media
Connect with us

Business

Stock market news live updates: Stocks fall with rising COVID-19 cases, stimulus in focus – Yahoo Canada Finance

Published

 on


RFI

Somaliland soldiers with French connection who formed the country’s breadbasket

The camaraderie between a group of around 50 Somaliland soldiers, formed while fighting in the French army in the Second World War, sowed the seeds of what is today the country’s breadbasket. Seventy-five years later, the fertile farmlands of Arabisyo, nicknamed the “French village”, remain a centre of French connection. Arabisyo, some 40km west of Hargeisa, became the focus of the former soldiers. It was formerly a small village of up to 15 households, with the village serving as the water source for most of the pastoralists in the area.“It originally served as a watering point during the dry season, because it had wells from which the nomads watered their animals both during summer and winter,” Hamse Haji, district commissioner, tells RFI.The French army returnees came with money and ideas and put up new buildings and established irrigation, added the district commissioner. This initial investment led the increase in the number of farmsteads, from 50 to 350-400.Keeping ties to FranceAfter their return, they did not cut ties with France, often sending their children abroad to study French, according to some of those who benefited from the overseas education.“We continue to send our children and grandchildren to Djibouti to study in French,” said Ismail Mohamed Haddi, a 77-year-old son of a former soldier who served as an air force mechanic for the French army during World War II.”French schooling keeps our history with France. Now we are calling on the government of France to establish a French school in Somaliland, specifically in Arabsiyo, which is the home of a big number of former French servicemen.” ‘King of Oud’ Somali musician Hudeydi dies from coronavirus New Red Sea alliance launched by Saudi Arabia, but excludes key players Today, none of the former French soldiers are alive but they told their children about their service in the French Army.“My father told me that he was employed by the French army in October 1935, and was trained in Dikhil in Djibouti,” says Haddi, explaining the stories he recorded as told by his father and uncle. “He was later transferred to a French Air Force unit, known as BA88 and based in Djibouti, where he became chief warrant officer.”Haddi said his uncle served with the French military, where he was known as “Osman la Bati”.He was taken to fight in the east of France, near the border with Germany and Belgium, along the river Meuse, where they used to protect people at the crossing.“After the war, he was responsible for protecting a prison in La Rochelle,” he added.Meanwhile, local people in Somaliland refer to Arabsiyo as the French village in Somaliland.Sufi connectionIn addition to the French influence, Arabsiyo is also the centre of Sufi Muslim scholars in Somaliland and home to the oldest scholar in the land, known as Sheikh Daud. He is now constructing the country’s first higher education institution under the Sufi sect. He also has French connections.Said Abdishakur Haybe, whose grandfather also served for France in WWII, studied for his primary Islamic education in Sheikh Daud’s Arabic and Islamic studies school.“Arabsiyo now serves as Hargeisa’s breadbasket,” according to Khadra Ali Hassan, daughter of Ali Hassan, another French Army returnee who lives in Hargeisa. She is proud that her father contributed in making Arabsiyo village a fertile farmland, which feeds Hargeisa, the Somaliland capital.“It produces vegetables and fruits that are consumed daily by Hargeisa city residents. We are proud that our fathers brought civilisation from France to Somaliland,” she added.

Let’s block ads! (Why?)



Source link

Continue Reading

Business

Cineplex reports $24.7M Q3 loss on Competition Tribunal penalty

Published

 on

 

TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.

The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.

The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.

The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.

Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.

Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:CGX)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

 on

 

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

 on

 

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version