Direct Loan Canada Blog

The Federal Aviation Administration, which was heavily criticized for the way it approved the Boeing 737 Max before two deadly crashes, says it is more clearly explaining the kind of critical safety information that must be disclosed to the agency.
Source: ctv business
After Boeing Max crashes, U.S. regulators detail safety information that aircraft makers must disclose

Shopify’s semi-annual product showcase on Wednesday presented AI as a cornerstone of the business’s latest offerings.
Source: ctv business
Shopify dives deeper into AI with new products, including chatbot for merchants

Large global suppliers are driving costs higher for Loblaw Companies Ltd., the firm said as it released earnings for the second quarter, reporting increased sales and lower gross margins.
Source: ctv business
Big global brands drove supplier prices higher in second quarter: Loblaw

A Russian court on Wednesday convicted Ilya Sachkov, a top cybersecurity executive, of treason and jailed him for 14 years in a case which state news agency TASS said centred on allegations he had passed classified information to foreign spies.
Source: ctv business
Russian court jails top cybersecurity executive for 14 years in treason case

A fire on a freight ship carrying nearly 3,000 cars was burning out of control Wednesday in the North Sea, and the Dutch coast guard said one crew member had died, others were hurt and it was working to save the vessel from sinking close to an important habitat for migratory birds.
Source: ctv business
A fire on a ship carrying nearly 3,000 cars is burning in the North Sea and 1 crew member has died

The chief executive of NatWest, one of Britain’s biggest banks, left her job on Wednesday after discussing personal details of a client, the populist politician Nigel Farage, with a journalist amid a furor over financial institutions’ power to refuse customers for their political views.
Source: ctv business
NatWest Bank CEO ousted after furor over politician Nigel Farage’s bank account

U.S.-European carmaker Stellantis on Wednesday reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe.
Source: ctv business
Stellantis profits soar 37 per cent in first half of the year as electric vehicle sales rise

A new report by Statistics Canada sheds light on how many Canadians are being impacted by scammers and how much money was lost between 2014 and 2019.
Source: ctv business
Canadians reported B in fraud losses in five years: report

Canada’s two biggest airlines saw a far higher proportion of their flights delayed than many of their American peers, according to figures from an aviation data firm.
Source: ctv business
Flight delays at Canadian airlines far outstrip peers in U.S., despite improvements

European Union member states gave final approval Tuesday to the bloc’s master plan to expand semiconductor production, clearing the path for its massive effort to slash reliance on Asia for computer chips vital for everything from washing machines to cars.
Source: ctv business
Europe’s strategy to boost its computer chip industry and compete with Asia gets final approval