Connect with us

Technology

Government of Canada announces financial support for the establishment of a Cyber Attribution Data Centre at the University of New Brunswick

Published

on

FREDERICTON, NB, Dec. 13, 2024 /CNW/ – Today, the Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs, announced that Public Safety Canada will fund the establishment of a Cyber Attribution Data Centre (CADC) at the Canadian Institute for Cybersecurity (CIC) at the University of New Brunswick (UNB). The government is committing to fund this project up to a total of $10 million over five years.

With the ultimate goal of identifying malicious cyber actors, the CADC will gather data from a variety of sources and use the latest cyber attribution intelligence analytics. The CADC will also train and equip the next generation of artificial intelligence (AI) cyber security specialists.

The CIC is a comprehensive multidisciplinary training, research and development, and entrepreneurial unit that draws on the expertise of researchers in the social sciences, business, computer science, engineering, law and science. Based at UNB in Fredericton, New Brunswick, the CIC brings together researchers and practitioners from across the academic spectrum to share innovative ideas, create disruptive technology and conduct groundbreaking research into the most pressing cyber security challenges of our time.

Quotes

“Over the last decade, New Brunswick has carved out a place for itself as a leader in cybersecurity, and that’s due in no small part to the work happening at the Canadian Institute for Cybersecurity. Through its innovative and collaborative approach, UNB’s Cyber Attribution Data Centre will make Canada more resilient against cybercrime, and spur the development of skills and innovation required to defend critical government and private sector systems from evolving cyber threats.”

– The Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs

New Brunswick is leading the way in cybersecurity. With smart investments, your federal government is building up Canada’s capacity with stronger tools and better training to keep people and businesses safe from online threats and scams.”

– The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency

“Today marks a pivotal moment in Canada’s leadership in cybersecurity and data innovation. Establishing the new Cyber Attribution Data Centre at the Canadian Institute for Cybersecurity at UNB is a testament to our commitment to advancing cutting-edge research, fostering collaboration between industry and academia, and enhancing our national security. This Centre will help provide comprehensive training for the next generation of professionals in the field and strengthen our ability to detect and attribute cyber threats. This exciting development also positions New Brunswick and Canada at the forefront of global efforts to build a safer, more secure digital future for our communities.”

Paul J. Mazerolle, President and Vice Chancellor, University of New Brunswick

Quick Facts

According to the National Cyber Threat Assessment 2025-2026, malicious cyber threat actors present a persistent threat to Canadians’ safety and Canada’s economic prosperity and national security. Cybercriminals will continue to target Canadians and Canada’s critical infrastructure and essential services through fraud, scams and ransomware.As a wealthy country, Canada will remain a valuable target for financially motivated cybercriminals that are supported by a highly adaptable and resilient cybercrime ecosystem.The CIC at UNB aims to solidify Canada’s position as a world-class cyber security hub for innovation and talent development by offering cyber security training through graduate and undergraduate degree programs and workshops and by establishing research and development partnerships with national and internal public and private institutions. Since its establishment in 2017, the CIC has filed patents; organized annual international conference series on privacy, security, and trust; developed start-ups; and continued to provide crucial cyber security information to Canadian stakeholders.Funds for UNB’s project will be transferred from Public Safety Canada to the Atlantic Canada Opportunities Agency (ACOA) for support under its Regional Economic Growth through Innovation (REGI) program.ACOA is one of seven regional development agencies across Canada. ACOA works to strengthen Atlantic Canada’s economy by building a more resilient, innovative, and inclusive economy. It works with businesses, community leaders, and researchers to create jobs, drive growth, boost exports, and build strong communities.Funding for the project will be provided through ACOA’s REGI program.

Associated Links

Canadian Institute for CybersecurityUniversity of New Brunswick in FrederictonAtlantic Canada Opportunities AgencyCyber security guidanceNational Cyber Threat Assessment 2025-2026

Stay Connected

Follow Public Safety Canada on X, LinkedIn and YouTube
Follow Don’t Drive High on Facebook and Instagram

SOURCE Public Safety and Emergency Preparedness Canada

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

M.T.I Prop Funding Program: A New Era in Trading Begins

Published

on

By

Become a Professional Trader with 0 Capital

KUALA LUMPUR, Malaysia, March 11, 2025 /PRNewswire/ — Did you know? Starting now, anyone can become a professional trader without needing their own funds.

Breaking away from traditional proprietary trading firms (prop firms), M.T.I Prop empowers traders by providing substantial capital after they pass an evaluation—plus profit splits that outperform industry standards.

M.T.I Prop: No Capital Required, Unlimited Potential

Join the M.T.I Trading Challenge to win a Funded Account Worth up to $200,000. This challenge evaluates your trading skills. Pass the evaluation, and you’ll receive a live trading account to grow profits with the firm’s capital—all while facing far lower risks than traditional trading.

Why Choose M.T.I Prop?

Low-Cost Entry: Pay only the evaluation fee for a chance to manage large capital.High Profit Potential: Earn up to 80% profit splits once funded.Controlled Risk: Maximum loss limited to your evaluation fee—no hidden liabilities.Zero Upfront Capital: Focus purely on passing the evaluation to start earning.

Launch Your Professional Trading Career with M.T.I Prop

Localized Malay Support, Seamless Communication
As a Malaysian-born proprietary trading firm, M.T.I provides rules, training, and customer support entirely in Malay. Clear guidelines and accessible resources help you master the evaluation process quickly.

Risk-Free Trading, High Rewards
Trade with up to $200,000 in funding and keep 80% of profits, while the platform covers all losses. Say goodbye to financial stress and hello to pure trading focus.

Industry-Leading Pass Rate
A streamlined one-step evaluation with a 30%+ pass rate—plus three free simulated challenges to practice before your official attempt.

Transparent Rules, Instant Profit Withdrawals
No hidden clauses. Withdraw earnings immediately after passing, with rapid bank transfers to ensure your profits land fast.

Free Expert Trading Course

 Unlock a 1.5-hour premium video course upon registration. Learn proven strategies to ace the evaluation and accelerate your success.

What is a Prop Firm? Your Guide to the Evaluation ProcessFrom trading tools to actual market insights, M.T.I Prop equips both beginners and seasoned traders to level up their skills—all while accessing a low-risk, high-reward opportunity.

Whether you’re new to investing or a seasoned trader, M.T.I Prop’s funding program offers a rare blend of risk management and growth potential.

Gain capital, sharpen your skills, and thrive under expert guidance—all in your native language.

Click here to learn more and sign up now.

View original content:https://www.prnewswire.com/apac/news-releases/mti-prop-funding-program-a-new-era-in-trading-begins-302397821.html

SOURCE M.T.I Prop

Continue Reading

Technology

China.org.cn:Foreign Ambassadors’ Views on China’s Economy in 2025

Published

on

By

BEIJING, March 10, 2025 /PRNewswire/ — In today’s world, with the sluggish global economic recovery and the rising trend of trade protectionism,we are faced with many challenges. As the top contributor of global economic growth, China’s economy has always been the focus of the world’s attention. During this year’s two sessions, China Talk of China.org.cn has interviewed ambassadors and counselors from various countries to share their views on China’s economy in 2025 and the cooperation between China and their countries.

Peter Lizak, Ambassador of Slovakia to China: China has been developing in tremendous ways over the last 40 years, and let me congratulate to the results you have achieved. Over the years, Chinese people have achieved good results and that is really the situation. You are now turning from the extensive development to intensive development, from quantity to quality. As Chinese President formulated, rejuvenation of the country. So you are focusing on the most prominent, more modern part of the economy. And I think these will be discussed during these days.

China is one of the most important players in the world, and global partners expect from China a stable and reliable approach for solutions to world questions and challenges.  

John Busuttil, Ambassador of Malta to China: The global economy is in a very difficult situation right now. Europe is also faced with challenges. But China’s economy, we hope that the situation improves and that the plans made during two sessions will help. Because if China’s economy improves, the global economy will also improve. And also we hope that relations and trade between the European Union and China will continue to grow, because more trade we have, more prosperity there will be for the people. Malta, as a member of the European Union, as I mentioned, we hope that trade relations will be increased and the relationship between both global players (China and EU) will get better and better. We have our foreign Minister coming in July to China, and we hope that the discussions between China and Malta will continue. We have very long diplomatic relations with China since 1972, and the relations are very strong. Malta is a neutral country. We hope that peace and prosperity of the the two nations will continue to improve for the best benefit of the whole global economy and the global situation.

Fernando Lugris, Ambassador of Uruguay to China:I think it’s very important for the international community, and especially for countries like Uruguay, that have such a close trade and economic relationship with China, to hear the indications that the government is going to provide to the public during the two sessions.

We hope to hear good news. We hope to hear that China will continue to be the engine of the world economy as it has been in the last decades. We have a new government in Uruguay, and the new authorities are hoping to be able to elevate our comprehensive strategic partnership (with China) to a new level. We have a very close relation with China, and especially China is our number one trading partner. So we are hoping to be able to increase and diversify the goods that we export to China, to be also able to export more services and to negotiate new frameworks for more investments to come.

So we are having a lot of conversations and hoping to have a lot of high-level meetings and visits from both sides in order to make this comprehensive strategic partnership into a new beginning with this new Uruguayan administration.

Alfredo Ortuno Victory, Ambassador of Costa Rica to China: We are very happy to be here to hear the perspective of China for 2025. I hope everything is good for the Chinese people and for the people of my country. I expect China’s economy to be more or less the same as 2024, around 5% of GDP increase. My country Costa Rica is looking forward very pleasantly to major cooperation with China in terms of trade and in terms of more profound cooperation. We have a very interesting matrix of products. We send to China more than 800 different products. And we import a lot from China as well.

Miguel Humberto Lecaro Barcenas, Ambassador of Panama to China: If you were in China many years ago, you can see the difference. You can be a witness of the big development of the economy of China. We have a good relationship in this moment between Panama and China and to develop the commerce and trade with all the world. The main importance of Panama is the geographical position. It’s in the middle of the Americas. And then we play an important role in the trade and commerce of China in the American continent.

Allan Joseph Chintedza, Ambassador of Malawi to China:We always expect the Chinese economy to be stronger because the stronger economy (of China) serves us well because of the Belt and Road Initiative and the relationship that we have under the Forum on China-Africa Cooperation. You may remember last year in September, we had heads of states from the African continent. And what we have said is that the relationship between China and Africa is quite crucial. Because when you combine the two populations, we can create a huge market, which is win-win for both China and Africa.

Now, specifically for Malawi, Malawi is an agricultural country and having a close relationship with China in terms of the modernization of agricultural sector, which is again a win-win (cooperation). Because we expect exporting raw materials, products like soybeans, chilies, groundnuts and macadamia. So all these China will be able to use. And for us in return, we hope we can be able to import mechanization, tractors, drones, which indeed does bring in mechanization and modernization to our agricultural sector.

Kenneth Rabale, Ambassador of Lesotho to China: The economy of China seems to be kind of balancing. And the cooperation between Lesotho and China seems to be very good for a long time. More than 40 years ago, we have started the relationship with China and everything seems to be smooth, especially with regard to the partnership that exists between the two countries in terms of trade, bilateral relations, etc. I think China seems to be kind of improving technologically. China is the best country in terms of technological development. So we are learning from it. We are actually cooperating closely with China in many aspects.

Arlindo do Rosário, Ambassador of Cape Verde to China:China makes the same target as 2024, 5%, which is a challenge because the global situation is not good, but I think it’s possible. China is a great country, great economy, with very good qualification. So I think if the government sets its target as 5%, I think it will be possible. I think the economy will grow. Maybe with more difficulty, but I think it is possible (for China) to do it. I hope that the cooperation between China and Cape Verde will continue to grow. Next year is the 50th anniversary of the relationship between Cape Verde and China. And so I have a great hope that this cooperation can go to a higher level.

Antonio Monsuy Esono, Counselor of the Equatorial Guinean Embassy in China: China’s economy is developing very fast and China offers a great help to Africa. The relationship between Equatorial Guinea and China goes well in all aspects, I am very happy to work in China to do something for the relationship between the two countries. Equatorial Guinea and China have established diplomatic relations for 55 years, and the cooperation between the two countries in all aspects is very good. I feel that China’s political system is very good. Chinese government works for their people.

Abdullah Almantheri, Counselor of the Embassy of Oman in China: I think the Chinese economy is heading upwards, it might face some challenges, global challenges, and that’s very natural. And the Chinese economy is progressing very confidently. It’s moving on. It’s focusing on high-tech, artificial intelligence, etc. I think it will just keep going on and keep improving. And this is my wish as well, because I’m in love with this country. Most of the things I use are China-made.

Thanks to the long history of cooperation between the two countries, not only commercially, but also politically, the level of cooperation and the economy between China and Oman is improving. It’s going to be even better in the coming days because Oman is now focusing a lot on opening up with the Chinese economy. I think in 2025, we’re going to see a leap in the economic cooperation between the two countries.

Foreign Ambassadors’ Views on China’s Economy in 2025
http://fangtan.china.com.cn/2025-03/09/content_117755787.htm

View original content to download multimedia:https://www.prnewswire.com/news-releases/chinaorgcn-foreign-ambassadors-views-on-chinas-economy-in-2025-302397833.html

SOURCE China.org.cn

Continue Reading

Technology

Wayfair Prices Offering of $700 Million Senior Secured Notes

Published

on

By

BOSTON, March 11, 2025 /PRNewswire/ — Wayfair Inc. (NYSE: W) (the “Company,” “we” or “Wayfair”) today announced the pricing by its subsidiary, Wayfair LLC (the “Issuer”), of its private offering of $700 million in aggregate principal amount of 7.750% senior secured notes due 2030 (the “Notes”). The Notes will mature on September 15, 2030, unless earlier repurchased or redeemed in accordance with their terms. The Notes offering is expected to close on March 13, 2025, subject to customary closing conditions.

We intend to use a portion of the net proceeds from the Notes offering to purchase approximately $580 million aggregate principal amount of our outstanding 1.00% convertible senior notes due 2026 (the “2026 Notes”) from certain investors that agreed to sell us such 2026 Notes concurrent with the pricing of the Notes offering. We intend to use the remainder of the net proceeds for general corporate purposes, which may include the repayment or repurchase of existing indebtedness including our outstanding 0.625% convertible senior notes due 2025 (the “2025 Notes”) or additional 2026 Notes. We expect that certain holders of the 2025 Notes or 2026 Notes that we purchase who have hedged their equity price risk with respect to such 2025 Notes or 2026 Notes will unwind all or part of their hedge positions by buying our Class A common stock or entering into or unwinding various derivative transactions with respect to our Class A common stock. As a result, our anticipated purchases of 2025 Notes and 2026 Notes and the potential related market activities by holders of such repurchased 2025 Notes or 2026 Notes could increase (or reduce the size of any decrease in) the market price of our Class A common stock. The Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior secured basis by Wayfair and certain Wayfair domestic subsidiaries that guarantee the Issuer’s senior secured revolving credit facility and existing senior secured notes. The Notes and related guarantees will be secured on a first-priority basis by liens on the same assets that secure the Issuer’s senior secured revolving credit facility and existing senior secured notes.

Substantially concurrently with the issuance of the notes, we intend to enter into an amended and restated credit agreement (the “Amended and Restated Credit Agreement”) to, among other things, establish a new credit facility, which we expect will (x) extend the maturity of the credit facilities to 2030 (subject to a springing maturity in certain circumstances) and (y) provide for commitments in an aggregate amount equal to $500.0 million. Syndication efforts to arrange the Amended and Restated Credit Agreement were successful.

The Notes and related guarantees have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.

This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offer of the Notes and related guarantees is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. This press release also shall not constitute an offer to purchase, a solicitation of an offer to sell, or notice of redemption with respect to any of Wayfair’s outstanding convertible notes.

About Wayfair
Wayfair is the destination for all things home, and we make it easy to create a home that is just right for you. Whether you’re looking for that perfect piece or redesigning your entire space, Wayfair offers quality finds for every style and budget, and a seamless experience from inspiration to installation.

The Wayfair family of brands includes:

Wayfair: Every style. Every home.AllModern: Modern made simple.Birch Lane: Classic style for joyful living.Joss & Main: The ultimate style edit for home.Perigold: The destination for luxury home.Wayfair Professional: A one-stop Pro shop.

Wayfair generated $11.9 billion in net revenue for the year ended December 31, 2024 and is headquartered in Boston, Massachusetts with global operations.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal and state securities laws. All statements other than statements of historical fact contained in this press release, including statements regarding the terms of the Notes; the anticipated use of the net proceeds from the offering of the Notes; the expected closing of the Notes offering; and expectations regarding the repayment of Wayfair’s outstanding convertible notes; whether we will enter into the Amended and Restated Credit Agreement; and expectations regarding the Amended and Restated Credit Agreement, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “continues,” “could,” “intends,” “goals,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on current expectations of future events. We cannot guarantee that any forward-looking statement will be accurate, although we believe that we have been reasonable in our expectations and assumptions. Investors should realize that if underlying assumptions prove inaccurate or that known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. Investors are therefore cautioned not to place undue reliance on any forward-looking statements. We believe that these risks and uncertainties include, but are not limited to, adverse macroeconomic conditions, including economic instability, changes in tax laws, regulations and new or increased tariffs, including based on the recent U.S. presidential election, export controls, sustained higher interest rates, inflation, slower growth or the potential for recession, disruptions in the global supply chain and other conditions affecting the retail environment for products we sell, and other matters that influence consumer spending and preferences, as well as our ability to plan for and respond to the impact of these conditions; our ability to acquire and retain customers in a cost-effective manner; our ability to increase our net revenue per active customer; our ability to build and maintain strong brands; our ability to manage our growth initiatives; and our ability to expand our business and compete successfully. A further list and description of risks, uncertainties and other factors that could cause or contribute to differences in our future results include the cautionary statements herein and in our most recent Annual Report on Form 10-K and in our other filings and reports with the Securities and Exchange Commission. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of the date of this press release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events or otherwise.

Media Relations Contact:
Tara Lambropoulos
PR@Wayfair.com

Investor Relations Contact:
James Lamb
IR@wayfair.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wayfair-prices-offering-of-700-million-senior-secured-notes-302397834.html

SOURCE Wayfair Inc.

Continue Reading

Trending