Direct Loan Canada Blog

The leaders of South Korea and Germany on Sunday pledged more cooperation in building stable industrial supply chains and addressing the challenges posed by nuclear-armed North Korea as they met in Seoul after flying in from the Group of Seven meetings in Japan.
Source: ctv business
South Korean, German leaders agree to cooperate on supply chains, North Korea

Prime Minister Kyriakos Mitsotakis and his conservative party led Greece’s election by a wide margin Sunday, according to partial official results. But a new electoral law means he will struggle to form a government without seeking coalition partners, and a second election is likely.
Source: ctv business
Greek elections: Conservative party of Prime Minister Kyriakos Mitsotakis leads with wide margin

Greek Prime Minister Kyriakos Mitsotakis, whose conservative party has won a landslide election but without enough parliamentary seats to form a government, indicated late Sunday that he will seek a second election to consolidate his victory without the need for a coalition partner.
Source: ctv business
Conservative party of Greek prime mnister in big election lead, to seek outright majority

Debt limit negotiations between the White House and House Republicans hung over the weekend with tough talk but little action, as President Joe Biden and world leaders kept watch from afar hoping high-stakes discussions would make progress on avoiding a potentially catastrophic federal default.
Source: ctv business
Debt limit standoff brings tough talk, little action as Biden, world leaders watch for progress

Gov. Ron DeSantis is asking that a federal judge be disqualified from the First Amendment lawsuit filed by Disney against the Florida governor and his appointees, claiming the jurist’s prior statements in other cases have raised questions about his impartiality on the state’s efforts to take over Disney World’s governing body.
Source: ctv business
DeSantis asks that judge be disqualified from Disney’s free speech lawsuit

Economists are offering differing opinions on whether the Bank of Canada should raise interest rates again after a slight uptick to the annual pace of inflation last month.
Source: ctv business
Scotiabank chief economist says another BoC rate hike is ‘required,’ but not everyone agrees

American Airlines pilots have agreed in principle on a new contract that boosts their pay by 21 per cent in 2023, sources told Reuters on Friday, ahead of a busy summer travel season, after years of negotiations with the largest U.S. carrier.
Source: ctv business
American Airlines pilots reach tentative agreement on new contract, boosting pay by 21 per cent

Although understanding industry norms and trends has long been held as a key to entrepreneurship success, social, economic, and technological changes make industry knowledge increasingly less relevant.
Source: ctv business
Why do so many businesses fail? Researchers say it’s a matter of industry timing

American Airlines and JetBlue Airways must abandon their partnership in the northeast United States, a federal judge in Boston ruled Friday, saying that the government proved the deal reduces competition in the airline industry.
Source: ctv business
American Airlines and JetBlue must abandon their partnership in the Northeast, federal judge rules

Toyota has found improper crash tests for a model and suspended shipments, in the latest in a series of embarrassing woes plaguing Japan’s top automaker.
Source: ctv business
Japan’s Toyota discloses improper crash tests at Daihatsu subsidiary