Direct Loan Canada Blog

JPMorgan Chase sued its former executive Jes Staley on Wednesday, alleging that he aided in hiding Jeffrey Epstein’s yearslong sex abuse and trafficking in order to keep the financier as a client.
Source: ctv business
JPMorgan sues former exec over ties to Epstein sex abuse

Canada’s national telecommunications regulator is lowering some wholesale internet rates by 10 per cent as it launches a review aimed at bolstering competition and lowering consumer costs.
Source: ctv business
CRTC lowers some wholesale internet rates by 10 per cent as part of broader review

A Canadian engineering giant whose work includes critical military, power and transportation infrastructure across the country has been hit with a ransomware attack. The Department of National Defence says Black & McDonald reported the attack last month, but the company has refused to publicly confirm the incident.
Source: ctv business
Ransomware attack hits engineering company working on military bases, power plants

A defamation lawsuit is revealing blunt behind-the-scenes opinions by Fox News figures about Donald Trump, including a Tucker Carlson text message where he said, ‘I hate him passionately.’
Source: ctv business
Scorning of Trump by Fox’s Tucker Carlson revealed in court

The five Disney World board members appointed by Florida Gov. Ron DeSantis hinted Wednesday at future controversial actions they may take, including prohibiting COVID-19 restrictions at Disney World and eliminating two cities that were created when the Florida legislature in 1967 approved the theme park resort’s self-governance.
Source: ctv business
Disney World board picked by DeSantis hints future actions

Four former bankers with the now-shuttered Swiss affiliate of a major Russian bank have gone on trial over allegations that they didn’t properly check accounts opened in the name of a Russian cellist with longtime ties to President Vladimir Putin.
Source: ctv business
Swiss bankers accused of lax control of accounts belonging to Russian cellist with ties to Putin

Insufficient checks and safeguards on how EU member countries spend a massive aid program designed to help them bounce back from the crisis caused by the COVID-19 pandemic are creating possibilities for fraud and mismanagement, the bloc’s financial watchdog warned on Wednesday.
Source: ctv business
EU watchdog: Not enough safeguards on pandemic recovery fund

First Quantum Minerals Ltd. says it has reached an agreement to settle its dispute with the government of Panama over profit-sharing at the Canadian miner’s Cobre Panama mine
Source: ctv business
First Quantum reaches new profit-sharing deal with Panama for Cobre Panama mine

The U.S. Justice Department’s lawsuit seeking to halt JetBlue Airways Corp’s planned US$3.8 billion acquisition of ultra-low cost carrier Spirit Airlines Inc. was reassigned on Wednesday to a judge known for trying to speed cases along to trial.
Source: ctv business
U.S. lawsuit challenging JetBlue’s Spirit deal assigned to new judge

A growing number of rural municipalities in Canada are adopting four-day work weeks in an attempt to attract and retain more talent.
Source: ctv business
Rural municipalities in Canada lead the way in 4-day work weeks to combat high turnover rates