As French President Emmanuel Macron makes the rounds in Washington starting Wednesday for the first state visit of the Biden administration, high on his agenda are his plans for a nuclear energy “renaissance.” His entourage includes the major players from France’s nuclear energy industry, who will be looking to the French leader to help boost the development and export of their technology, including smaller and more versatile reactors, the Washington Post reported. But there could hardly be a more awkward time to promote French nuclear know-how.

Laurentian University in Sudbury, Ont., has exited the Companies' Creditors Arrangement Act (CCAA) restructuring process that followed its insolvency in February 2021, CBC reported. The university has continued to operate while dealing with its financial problems. Under the restructuring, it cut 76 programs in April 2021. As well, nearly 200 staff and faculty members lost their jobs. The CCAA was created for commercial enterprises to help them restructure after an insolvency.

Canada's economy performed much better than expected in the third quarter, but an early indication that growth stalled in the fourth quarter could prompt the Bank of Canada next week to slow its campaign to hike interest rates, Reuters reported. Canada's economy grew at an annualized rate of 2.9% in the third quarter, above expectations, while GDP most likely was unchanged in October after a 0.1% gain in September, Statistics Canada data showed on Tuesday. Analysts surveyed by Reuters had expected third-quarter annualized growth of 1.5% and a gain of 0.1% in September.

The Canadian Labour Congress is welcoming new legislation protecting workers’ pensions in case their employer declares bankruptcy or insolvency, HRReporter.com reported. “For decades we have seen companies pay out creditors, even pay out bonuses to executives, after declaring bankruptcy, while workers wait at the back of the line. We are glad to finally see workers being prioritized over banks and CEOs in bankruptcies situations,” says Bea Bruske, president of the Canadian Labour Congress (CLC).

Collapsed cryptocurrency exchange FTX remains the subject of "an active and ongoing investigation" by Bahamian authorities, Bahamian Attorney General Ryan Pinder said on Sunday, as he praised the Bahamas' regulatory regime and swiftness with which it responded to the crisis, Reuters reported. FTX, which had been among the world's largest cryptocurrency exchanges, is headquartered in the Bahamas. The firm, whose liquidity crunch forced the company to declare bankruptcy on Nov. 11, is the subject of investigations by Bahamian and U.S. authorities.

Higher interest rates are starting to slow the Canadian economy, the Bank of Canada said on Tuesday, putting pressure on households with elevated debt and people who recently bought a home with a variable-rate mortgage, Reuters reported. "It will take time to get back to solid growth with low inflation but we will get there," Senior Deputy Governor Carolyn Rogers said in a speech at the University of Ottawa. The Bank of Canada raised rates by 50 basis points last month to fight high inflation, lifting the policy rate to 3.75%, the highest since the 4% level seen in January 2008.

China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries’ leaders, Reuters reported. Cuba Economy Minister Alejandro Gil said the latter had also donated $100 million to help the country cope with basic goods shortages and an energy crisis worsened by Hurricane Ian, which decimated western Pinar del Rio province in late September.

Two Estonian citizens were arrested in Tallinn, Estonia, on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the U.S. Justice Department said on Monday, Reuters reported. Sergei Potapenko and Ivan Turõgin, both 37, allegedly defrauded hundreds of thousands of victims through a multi-faceted scheme, wherein they induced them to enter fraudulent equipment rental contracts with the defendants' cryptocurrency mining service called HashFlare, the department said in a statement.

The Securities Commission of The Bahamas said on Thursday it has ordered all digital assets of FTX Digital Markets Ltd (FDM) transferred to a digital wallet controlled by the Commission for safekeeping, Reuters reported. "Urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM," the commission said in a statement. Read more.

El Salvador’s President Nayib Bukele has pledged to buy Bitcoin at a pace of one coin per day starting Friday, November 8, Tokenistcom reported. The move comes as the flagship cryptocurrency has tumbled to two-year lows amid the recent collapse of cryptocurrency exchange FTX. In a Thursday tweet, President Nayib Bukele announced that they will start buying one BTC per day. “We are buying one Bitcoin every day starting tomorrow,” he said. However, the Bitcoin bull did not identify a cap for how many BTC coins he plans to acquire or for how long they will stick to the strategy.