Direct Loan Canada Blog

The French government on Wednesday started the process of requisitioning workers at petrol depots of ExxonMobil’s French branch Esso in an attempt to ensure that service stations around the country are supplied with badly needed fuel amid an ongoing strike, saying shortages are becoming ‘unbearable’ to too many in the country.
Source: ctv business
French government orders workers to ensure fuel supplies

Britain’s economy faced new shocks Wednesday after the Bank of England ruled out extending an emergency debt-buying plan, and the Conservative government appeared to blame the independent central bank for the U.K.’s economic turmoil.
Source: ctv business
U.K. markets roiled after bank rules out extending help

This Halloween, guests with no positive reviews attempting to book Airbnbs will be blocked, says the company, as it cracks down on disruptive parties.
Source: ctv business
No Halloween parties allowed: Airbnb cracking down

Authorities found children as young as 13 working at a Korean-operated parts supplier to automakers Hyundai and Kia, and have fined the company and a labour recruiter, the U.S. Department of Labor and the Alabama Department of Labor said on Tuesday.
Source: ctv business
Hyundai, Kia auto parts supplier in Alabama fined for child labour violations

French Prime Minister Elisabeth Borne announced a decision to requisition workers operating petrol depots of ExxonMobil’s French branch Esso and threatened to do the same for those of Total group, amid strikes that have led fuel pumps to run dry in the country.
Source: ctv business
French PM to requisition workers amid refineries strike

Hong Kong leader John Lee said on Tuesday there was ‘no legal basis’ for the city to act on Western sanctions, when asked about a Russian yacht berthed in the financial centre that belongs to a sanctioned Russian oligarch.
Source: ctv business
Hong Kong leader says ‘no legal basis’ to act on Russian superyacht

Amazon.com Inc fired up the holiday shopping season with its second major sales event of the year as rivals from Walmart to Best Buy joined in with discounts to woo customers grappling with inflation-squeezed Christmas budgets.
Source: ctv business
Amazon’s Prime Day-like event kick-starts holiday discount frenzy amid high inflation

The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia’s war against Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the global pandemic.
Source: ctv business
IMF dims outlook for 2023 global economy amid Ukraine war

The United Nations’ development program is calling on rich countries and financial institutions in them to do more to help alleviate a growing debt crisis faced by the world’s poorest countries, including by writing off debts not just rescheduling them.
Source: ctv business
UN seeks help for developing world hit by rising debt costs

Russian President Vladimir Putin on Tuesday hailed a recent decision by OPEC, Russia and other oil producing nations to limit production as key to stabilizing the global energy market, as he met the leader of the United Arab Emirates for talks on fostering economic ties.
Source: ctv business
Putin hosts United Arab Emirates leader for economic talks