Direct Loan Canada Blog

Several employees at a Tesla factory in New York have been fired a day after launching union organizing efforts, according to Tesla Workers United.
Source: ctv business
Tesla Workers United: Employees fired after launching union push at factory

The Ontario Cannabis Store says it will be reducing its price margins in a bid to help pot retailers compete with the illicit market.
Source: ctv business
Ontario Cannabis Store reduces price margins to help pot shops compete

Nigerian President Muhammadu Buhari said Thursday that the country’s redesigned currency would bolster the upcoming presidential election, appealing for an end to violent protests over a resulting cash shortage that has led to daylong lines at banks, business closures and people unable to pay for basic needs.
Source: ctv business
Nigerian leader defends currency swap as pain, protests grow

India’s tax officials on Thursday left the BBC offices in New Delhi and Mumbai after searching them for three days seeking information about the organization’s business operations amid allegations of tax evasion. Opposition political parties and other media organizations criticized the move as an attempt to intimidate the media.
Source: ctv business
Indian officials probe BBC for 3rd day, alleging tax dodge

A fifth day of nationwide strikes and protests in France Thursday tested the government’s resolve on a controversial pension reform, the flagship policy of President Emmanuel Macron’s second term.
Source: ctv business
France prepares for 5th day of pension reform protest

One year after Russia invaded Ukraine on Feb. 24, 2022, and caused widespread suffering, the global economy is still enduring the consequences — crunched supplies of grain, fertilizer and energy along with more inflation and economic uncertainty in a world that was already contending with too much of both.
Source: ctv business
War in Ukraine at 1 year: Pain, resilience in global economy

One year after Russia invaded Ukraine on Feb. 24, 2022, and caused widespread suffering, the global economy is still enduring the consequences — crunched supplies of grain, fertilizer and energy along with more inflation and economic uncertainty in a world that was already contending with too much of both.
Source: ctv business
What the war in Ukraine did to the global economy, one year later

A Boeing 747 configured as a private VIP jet is being scrapped after having spent just 30 hours in service over 16 flights. The aircraft, originally intended for a Saudi royal, sat on the ground for almost 10 years at EuroAirport Basel Mulhouse Freiburg, located at the border between France, Switzerland and Germany.
Source: ctv business
Brand new Boeing 747 made as a VIP jet, scrapped after 16 flights

Magna is announcing it is putting more than $470 million into bolstering its Ontario operations, including an electric vehicle battery enclosure facility northwest of Toronto.
Source: ctv business
Magna announces Ontario expansion, new Brampton facility

An IT failure at Lufthansa stranded thousands of passengers and forced flights to Germany’s busiest airport to be cancelled or diverted on Wednesday, with the airline blaming botched railway engineering works that damaged broadband cables.
Source: ctv business
Lufthansa IT meltdown strands thousands of passengers