Direct Loan Canada Blog

The National Enquirer, the scandal-plagued tabloid that engaged in ‘catch-and-kill’ practices to bury stories about Donald Trump during his presidential campaign, has been sold.
Source: ctv business
National Enquirer, caught in ‘catch-and-kill’ scandal, sold

Dell Technologies Inc is cutting about 6,650 jobs, or 5 per cent of its global workforce, as it struggles with a slump in the personal computer market and braces for a potential recession.
Source: ctv business
Dell to slash over 6,000 jobs amid ‘uncertain market future’

Retirements, high training costs and poor pay are fuelling a pilot shortage in Canada, industry analysts say, at a time when travel has surged in the wake of the COVID-19 pandemic.
Source: ctv business
Attracting, retaining pilots an ongoing issue in Canada: industry analysts

France’s parliament on Monday started debating a fiercely contested pension bill that’s triggered recent strikes and large street demonstrations, with more protests set to come this week.
Source: ctv business
French parliament debates Macron’s divisive pension bill

Hundreds of demonstrators from India’s main opposition party turned out Monday in India’s capital New Delhi and other cities demanding an investigation into allegations of fraud and stock price manipulation by India’s second-biggest business group, headed by coal mining tycoon Gautam Adani.
Source: ctv business
Adani woes spur protests as stock turmoil turns political

Tens of thousands of nurses and ambulance staff walked off the job in the U.K. on Monday in what unions called the biggest strike in the history of the country’s public health system.
Source: ctv business
U.K. nurses, ambulance crews strike, straining health system

Wall Street is slipping on Monday, adding to losses from the end of last week on worries about higher interest rates and inflation.
Source: ctv business
Stocks slip as worries about high rates weigh on Wall Street

The Bank of Canada is set to publish its first summary of deliberations Wednesday, giving Canadians a peek into the governing council’s reasoning behind its decision to raise interest rates last month.
Source: ctv business
BoC’s first summary of deliberations coming this week. Here’s what to expect

The federal Finance Department says Canada is joining its fellow G7 countries plus Australia to expand caps on Russian oil to include seaborne petroleum products from that country.
Source: ctv business
Ottawa expands price caps to Russian petroleum products to reduce revenues

Less than two weeks ago, Gautam Adani was the fourth-richest person in the world. With a personal fortune estimated at US$120 billion. Then Hindenburg Research, an American short seller with bets against Adani’s companies, accused him of pulling off “the largest con in corporate history.”
Source: ctv business
Gautam Adani lost half his wealth in a flash. Here’s what happened