Direct Loan Canada Blog

BMW will invest US$1 billion in its sprawling factory near Spartanburg, South Carolina, to start building electric vehicles and an additional US$700 million to build a electric-battery plant nearby.
Source: ctv business
BMW investing US.7B in S. Carolina as automaker shifts to EVs

Hong Kong’s leader on Wednesday unveiled a new visa scheme to woo global talent, as the city seeks to stem a brain drain that is undermining its status as an international financial center.
Source: ctv business
Hong Kong offers new visa to woo talent amid brain drain

Global stock markets were mixed Wednesday after Wall Street rose on strong corporate profit reports.
Source: ctv business
Global markets mixed after Wall St bounce on strong profits

A top executive of South Korea’s largest mobile chat app, Kakao, stepped down on Wednesday over a widespread service outage that triggered an outpouring of complaints in a country that is heavily reliant on such technology.
Source: ctv business
Co-CEO of KaKao chat app steps down over service outage in South Korean

New Jersey officials announced a lawsuit Tuesday against five oil and gas companies and a petroleum trade organization, alleging they had known for decades about the harmful impact of fossil fuels on climate change but instead deceived the public about that link.
Source: ctv business
New Jersey sues oil, gas firms, trade group over climate change

British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents.
Source: ctv business
U.K. inflation accelerates to 40-year high of 10.1 per cent as food prices rise

Statistics Canada says the annual inflation rate dropped slightly in September to 6.9 per cent but the cost of groceries continues to climb.
Source: ctv business
Canada’s inflation rate drops slightly in September even as food costs climb

Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week.
Source: ctv business
Canada’s hotter-than-expected inflation reading sets stage for another rate hike

French cement company Lafarge pleaded guilty Tuesday to paying millions of dollars to the Islamic State group to keep a plant operational in Syria — at a time when the militant group was engaged in torturing kidnapped Westerners — and agreed to pay roughly US$778 million in penalties.
Source: ctv business
French cement firm Lafarge admits Islamic State group payments

Wealthsimple says a key approval from the Bank of Canada gives it direct access to a much faster national payments system that’s in the works.
Source: ctv business
Wealthsimple secures access for upcoming real-time-rail payment system