Direct Loan Canada Blog

Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it’s now called — and it’s a woman. He did not name her but said she will be starting in about six weeks.
Source: ctv business
Elon Musk announces new Twitter CEO: ‘She will be starting in 6 weeks’

Adidas will sell some of the merchandise from its defunct Yeezy partnership with rapper Kanye West and donate part of the proceeds to international organizations, CEO Bjoern Gulden said on Thursday.
Source: ctv business
Adidas to sell some Yeezy stock, donate proceeds: CEO

Peloton is recalling more than 2 million of its exercise bikes because the bike’s seat post assembly can break during use, posing fall and injury hazards.
Source: ctv business
Peloton is recalling more than 2 million exercise bikes in the U.S.

The Bank of England is set to raise interest rates later Thursday to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K.
Source: ctv business
Bank of England set to raise U.K. interest rates to highest level since 2008

After dozens of standoffs with U.S. Congress over government spending in recent decades, Treasury Secretary Janet Yellen said Thursday that in her personal opinion, the United States should adopt a different system for national finances.
Source: ctv business
Yellen: Different system needed to end repeated standoffs over U.S. debt ceiling

Dubai International Airport had over 21.2 million passengers pass through its terminals in the first quarter of the year, potentially nearing numbers it saw before the coronavirus pandemic grounded air traffic around the world.
Source: ctv business
Dubai main airport sees over 21.2M passengers in early 2023

The financial leaders of the Group of Seven wealthy nations meet in Japan beginning Thursday as a standoff over the U.S. debt ceiling and potential default looms as one of the biggest potential threats to the global economy, along with the war in Ukraine.
Source: ctv business
G7 finance ministers tackle global economic challenges as Yellen seeks to reassure on debt standoff

Long-haul carrier Emirates saw its most-profit year ever in 2022, earning US$2.9 billion after bouncing back from the coronavirus pandemic shutting down global aviation, the airline announced Thursday.
Source: ctv business
Long-haul carrier Emirates sees highest-ever profit in 2022 of .9B after pandemic grounded flights

A Chinese ban on Canadian beef that industry officials expected would be short-lived remains in place 17 months later, and industry representatives say they remain in the dark about the reasons.
Source: ctv business
China’s ban on Canadian beef still in place year-and-a-half later; industry in dark

The federal Liberals have made it clear that Canada’s road to a greener economy will be paved with billions of dollars in corporate subsidies. Proponents say these may be necessary for Canada to attract investment, especially in competition with the United States — but others are expressing doubts that the hefty handouts will be effective or efficient in the long run.
Source: ctv business
Are Canada’s green corporate subsidies a new race to the bottom or a path to the top?