Direct Loan Canada Blog

European Union energy ministers on Tuesday started seeking some common ground to flesh out the barest of tentative agreements that their leaders could find last week to soften the blow of an energy crisis for their citizens while maintaining a united front during Russia’s war in Ukraine.
Source: ctv business
EU energy ministers seek way forward for more energy unity

Canopy Growth Corp.’s share price surged more than 25 per cent as it announced it will fast track its plans for the U.S. market with the creation of a new U.S.-domiciled company meant to hold its cannabis investments made south of the border.
Source: ctv business
Canopy Growth looks to grow U.S. business with new holding company structure

Adidas ended its lucrative partnership with the rapper formerly known as Kanye West over his offensive and antisemitic remarks, which drew widespread criticism from Jewish groups, celebrities and others on social media who said the German sportswear company was being too slow to act.
Source: ctv business
Adidas ends partnership with Ye over antisemitic remarks

As the new prime minister of Britain, Rishi Sunak is estimated to be one of the richest to hold that office. How does his wealth compare to other world leaders?
Source: ctv business
Rishi Sunak is now one of the richest leaders in the world. How do others compare?

The World Bank said on Monday it had disbursed an additional US$500 million to help Ukraine meet urgent spending needs created by Russia’s Feb. 24 invasion and the ongoing war.
Source: ctv business
World Bank disburses additional US0M to Ukraine

Dutch healthcare technology giant Philips is scrapping 4,000 staff worldwide amid the fallout from a recall of sleep apnea machines and economic headwinds, the company announced Monday as it unveiled a 1.3 billion euro (US$1.28 billion) third-quarter net loss.
Source: ctv business
Healthcare tech giant Philips scraps 4,000 staff worldwide

Source: ctv business
COP27’s Coke sponsorship leaves bad taste with green groups

French prosecutors said Monday that Credit Suisse has agreed to pay 238 million euros (US$234 million) to settle tax fraud allegations, the latest blow for the embattled Swiss bank.
Source: ctv business
Credit Suisse to pay US4M to settle French tax fraud case

Even as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday, edging the bank closer to the end of one of the fastest monetary policy tightening cycles in its history.
Source: ctv business
Bank of Canada expected to raise interest rates on Wednesday as recession fears grow

China’s economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry.
Source: ctv business
China’s economic growth accelerates but weak amid shutdowns