Direct Loan Canada Blog

The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for ‘as long as necessary’ to beat back inflation.
Source: ctv business
Interest rates will stay high ‘as long as necessary,’ the European Central Bank’s leader says

Seattle-based Getty Images is taking a two-pronged approach to the threat and opportunity that AI poses to its business. First, it sued a leading purveyor of AI-generated images earlier this year for what it alleged was ‘brazen infringement’ of Getty’s image collection ‘on a staggering scale.’ Now, it’s embracing the technology.
Source: ctv business
Photo giant Getty took a leading AI image-maker to court. Now it’s also embracing the technology

Top Thai officials welcomed hundreds of Chinese tourists at Bangkok’s international airport on Monday, the first day of a new visa-free entry program that officials say will boost the country’s tourism industry that was badly damaged by the coronavirus pandemic.
Source: ctv business
Thailand receives the first Chinese visitors under a new visa-free policy to boost tourism

Denmark’s Lego said on Monday that it remains committed to its quest to find sustainable materials to reduce carbon emissions, even after an experiment by the world’s largest toymaker to use recycled bottles did not work.
Source: ctv business
Toymaker Lego to stick to its quest to find sustainable materials despite failed recycle attempt

Shares in Asia were mostly lower on Monday, with Tokyo the only major regional market to advance, after Wall Street wheezed to more losses with its worst week in six months.
Source: ctv business
Stock market today: Asian world shares mostly lower after Wall Street has its worst week in 6 months

The European Union’s trade commissioner called for a more balanced economic relationship with China on Monday, noting a trade imbalance of nearly 400 billion euros ($425 billion), while also warning that China’s position on the war in Ukraine could endanger its relationship with Europe.
Source: ctv business
EU commissioner calls for more balanced trade with China and warns that Ukraine could divide them

Five days after reaching a tentative deal, Unifor members have voted to ratify a new three-year collective agreement with the Ford Motor Company.
Source: ctv business
Canadian autoworkers ratify deal with Ford Motor Company

The payment processing company Moneris says it has resolved an outage that appeared to affect debit and credit transactions across the country.
Source: ctv business
Moneris says systems back online after users across Canada report outages affecting debit, credit payments

Even after escalating its strike against Detroit automakers on Friday, the United Auto Workers union still has plenty of leverage in its effort to force the companies to agree to significant increases in pay and benefits.
Source: ctv business
Auto workers still have room to expand their strike against car makers. But they also face risks

Even after escalating its strike against Detroit automakers on Friday, the United Auto Workers union still has plenty of leverage in its effort to force the companies to agree to significant increases in pay and benefits.
Source: ctv business
Autoworkers still have room to expand their strike against carmakers. But they also face risks