Direct Loan Canada Blog

Bad Boy Furniture Warehouse Ltd. is aiming to restructure its business through a filing made under the Bankruptcy and Insolvency Act.
Source: ctv business
Bad Boy Furniture aiming to restructure business as it faces ‘challenging’ economy

Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect Saturday’s annual Singles’ Day online retail extravaganza.
Source: ctv business
Worried Chinese shoppers scrimp, dimming the appeal of a Singles’ Day shopping extravaganza

Chinese carrier China Southern Airlines said on Thursday it would honour the sale of tickets priced as cheaply as US$1.30 during a two-hour technical glitch on its mobile phone app and some ticket-booking platforms late on Wednesday.
Source: ctv business
Chinese airline to honour US.30 flight tickets sold during glitch

Board members from Hollywood’s actors union voted Friday to approve the deal with studios that ended their strike after nearly four months, with the union’s leadership touting the gains made in weeks of methodical negotiations.
Source: ctv business
Hollywood actors union board approves strike-ending deal as leaders tout money gains and AI rights

The credit rating agency Moody’s Investors Service lowered its outlook on the U.S. government’s debt on Friday to “negative” from “stable,” citing the cost of rising interest rates and political polarization in Congress.
Source: ctv business
Moody’s lowers U.S. credit outlook to ‘negative’ from ‘stable’, though keeps triple-A rating

The Industrial and Commercial Bank of China’s U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury market on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year.
Source: ctv business
China’s biggest lender ICBC hit by ransomware attack

Pressure is growing on Tesla in Sweden, where a trade union is demanding that the Texas-based automaker sign a collective bargaining agreement, which most employees in the Scandinavian country have.
Source: ctv business
Tesla faces strikes in Sweden unless it signs a collective bargaining agreement

United Auto Workers union members at General Motors’ Flint assembly plant in Michigan have narrowly voted against a proposed contract with the U.S. automaker, the local chapter said.
Source: ctv business
UAW workers at GM’s Flint plant narrowly vote against new labour deal

Thousands of thieves perpetrated the greatest grift in U.S. history. They potentially plundered more than US$280 billion in federal COVID-19 aid while another US$123 billion was wasted or misspent.
Source: ctv business
The Great Grift: COVID-19 aid thieves bought fancy cars, a Pokemon card – even a private island

A UN report paints a stark picture of the devastation of the collapse of the Palestinian economy after a month of war and Israel’s near-total siege of Gaza. The gross domestic product shrank 4 per cent in the West Bank and Gaza in the war’s first month, sending over 400,000 people into poverty.
Source: ctv business
Stark UN report on devastation to Palestinian economy shows GDP fell 4 per cent after a month of war