Direct Loan Canada Blog

After slashing the company’s workforce, falling behind on rent and contract obligations, Twitter under the mercurial billionaire, Elon Musk, is now auctioning off memorabilia, fancy office furniture and professional kitchen equipment from its San Francisco offices, where large swaths now sit empty and free meals are a relic of the past.
Source: ctv business
Twitter auctions off blue bird memorabilia, pricey furniture

A Russian national who founded a cryptocurrency exchange that evaded U.S. regulations and became a haven for the proceeds of criminal activity has been arrested, federal officials said Wednesday.
Source: ctv business
U.S. Justice Dept. charges Russian founder of cryptocurrency firm

U.S. Treasury Secretary Janet Yellen met on Wednesday with her Chinese counterpart and pledged an effort to manage differences and ‘prevent competition from becoming anything ever near conflict’ as the two nations try to thaw relations.
Source: ctv business
U.S., Chinese officials discuss climate, economy, relationship

After a 10-year hiatus, Zellers has announced the locations of its first 25 store “experiences.” The stores are set to open within Hudson’s Bay locations across Canada in 2023. Here is a list of the locations.
Source: ctv business
Here is where 25 new Zellers stores will open in Canada this year

Prices for food items purchased from stores in Canada decreased slightly month to month in December, Statistics Canada says, but consumers continue to pay more for fresh vegetables, dairy products, and meats.
Source: ctv business
‘Egg-flation’ down in December as most grocery costs fall, but not all

The founder of Macao’s once-biggest casino junket organizer was sentenced Wednesday to 18 years in jail after being convicted of operating illegal gaming activities, running a criminal organization and numerous other charges.
Source: ctv business
Macao jails Suncity founder 18 years over illegal gambling

Microsoft is cutting 10,000 workers, almost 5 per cent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.
Source: ctv business
Job cuts in tech sector spread, Microsoft lays off 10,000

BMO Financial Group has secured the all-clear from U.S. regulators to close its US$16.3-billion takeover of California-based Bank of the West from BNP Paribas.
Source: ctv business
BMO receives regulatory approval for Bank of the West acquisition

U.K. inflation eased for a second month in December, boosting confidence that the cost-of-living crisis has peaked. Consumer prices rose 10.5% in the year through December, down from 10.7% the previous month, the Office for National Statistics said Wednesday. Inflation peaked at a 41-year high of 11.1% in October.
Source: ctv business
U.K. inflation eases for a second month, falling to 10.5 per cent

Strength in the energy sector as the price of oil rose helped Canada’s main stock index climb in late-morning trading, while U.S. stock markets were in the red.
Source: ctv business
Energy stocks help lift S&P/TSX composite higher as price of oil rises