Direct Loan Canada Blog

The companies involved in the Rogers Communications Inc. deal to buy Shaw Communications have extended the deadline to complete the transaction.
Source: ctv business
Companies extend deadline to close Rogers-Shaw deal to Feb. 17

Most Black Canadians feel their employers made progress addressing anti-Black racism last year — but they worry about what a recession could mean for those gains, a KPMG survey said.
Source: ctv business
Companies make progress on anti-Black racism, but workers worry about recession: poll

India’s Adani Group, run by Asia’s richest man, has hit back at a report from U.S.-based short-seller Hindenburg Research, calling it ‘malicious,’ ‘baseless’ and full of ‘selective misinformation.’ Shares in the conglomerate have suffered massive losses since Hindenburg issued its report alleging fraud and other malfeasance.
Source: ctv business
Adani accuses short-seller Hindenburg of attacking India

Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros (US$1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year.
Source: ctv business
Dutch electronics giant Philips to cut 6,000 jobs worldwide

France’s national rail operator is recommending that passengers stay home Tuesday to avoid strikes over pensions that are expected to cause major transport woes but largely spare high-speed links to Britain, Belgium and the Netherlands.
Source: ctv business
France braces for major transport woes from pension strikes

Stocks are stalling on Wall Street Monday ahead of a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies.
Source: ctv business
Wall Street stalls ahead of mammoth week with Fed, earnings

Europe is taking another big step toward cutting its energy ties with Russia, banning imports of diesel fuel and other products made from crude oil in Russian refineries.
The European Union ban takes effect Feb. 5 following its embargo on coal and most oil from Russia.
Source: ctv business
Will Europe’s ban on Russian diesel hike global fuel prices?

The federal government failed to spend tens of billions of dollars in the last fiscal year on promised programs and services, including new military equipment, affordable housing and support for veterans.
Source: ctv business
Federal departments failed to spend B on promised programs, services last year

France’s prime minister insisted Sunday that the government’s plan to raise the retirement age from 62 to 64 is “no longer negotiable,” further angering parliamentary opponents and unions who plan new mass protests and disruptive strikes this week.
Source: ctv business
France must raise pension age to 64, prime minister says

Federal prosecutors are trying to prohibit FTX founder Sam Bankman-Fried from privately contacting current and former employees of the bankrupt cryptocurrency exchange to prevent potential witness tampering in a criminal case accusing him of bilking investors and customers.
Source: ctv business
FTX’s Sam Bankman-Fried, DOJ tussle over his communications