China News Daily Official TheBitTimes.com

China has begun importing record amounts of Canadian crude oil while slashing purchases of US oil by roughly 90% amid a growing trade war. A pipeline expansion in Western Canada has presented China and other East Asian oil importers with expanded access to the vast crude reserves in Alberta’s oilsands region. The deal resumes China’s oil imports while allowing the country to avoid making a new oil deal with the USA. JUST IN: China is importing record amounts of Canadian oil after cutting US purchases by 90% amid trade war. pic.twitter.com/H14ud0ZW7q — Watcher.Guru (@WatcherGuru) April 16, 2025 According to data from Vortexa Ltd., Chinese crude imports from the port at the pipeline terminus near Vancouver surged to 7.3 million barrels in March. On the flip side, Chinese imports of US oil have collapsed to 3 million barrels a month from a peak of 29 million in June. “Given the trade war, it’s unlikely for China to import more US oil,” Wenran Jiang, president of the Canada-Chi...

Canada will host the upcoming G7 summit in 2025 and is considering conducting meaningful initiatives with lasting effects. Senior officials said the Justin Trudeau administration plans to leverage Artificial Intelligence (AI) to help address critic al issues. The plans to use AI to solve matters came when the UN secretary-general announced an AI advisory body. The global framework for AI could be discussed, leading to an international code of conduct for developing safe tools. Also Read: 3 Stocks To Watch in the US Markets For Profits 2 Important Issues To Be Discussed at the Next G7 Summit in Canada Source: REUTERS / Wolfgang Rattay/ Pool/ File The topic of discussion at the G7 summit could revolve around two critical aspects catering to the AI segment. The strategies could lead to global legislation, making it safer for consumers worldwide. The two most critical issues to be discussed at the upcoming G7 summit in Canada in 2025 are: Also Read: Apple iPhone 16: Analyst Reveals if This...

WonderFi, through its subsidiary Bitbuy, has strategically acquired Bitvo.com, significantly increasing its share in Canada’s regulated crypto currency exchanges and altering the competitive landscape. WonderFi, through its subsidiary Bitbuy, has acquired Bitvo.com, marking a considerable expansion in the Canadian digital asset market . This acquisition brings WonderFi’s control to nearly half of all regulated exchanges in Canada, a notable shift in the market landscape. .@WonderFi-owned @bitbuy has acquired the customers of fellow regulated Canadian # crypto exchange @BitvoCrypto. $WNDR #YYCtech #CDNtech https://t.co/n9FrkvsWOc — BetaKit (@BetaKit) November 15, 2023 By integrating Bitvo, which includes over 17,000 customer accounts and a trading volume exceeding $235 million last year, WonderFi significantly bolsters its market presence. This move not only increases the company’s scale but also diversifies its client base, with Bitvo having a strong inst...