Direct Loan Canada Blog

Donald Trump was sued for fraud on Wednesday by New York state’s attorney general, who for more than three years has been conducting a civil investigation into the former U.S. president’s business practices, court records showed.
Source: ctv business
Trump sued by New York attorney general for fraud

The number of rich people in the world rose at a rapid pace last year, boosted by gains in the stock market and house prices.
Source: ctv business
America gained 2.5 million new millionaires last year

Thousands of people gathered on Wednesday in the Belgian capital Brussels for ‘a national day of action’ to protest against skyrocketing electricity, natural gas and food prices and draw attention to the sharp hike in the cost of living.
Source: ctv business
Thousands rally in Belgium to protest high energy prices

The J.D. Power 2022 North America Airport Satisfaction Study, released Wednesday, shows overall satisfaction down 25 points on a 1,000 point scale from the 2021 score. Newark Liberty International Airport had the worst score among mega-airports.
Source: ctv business
Study reveals the North American airports that travellers find the most — and least — satisfying

The German government said Wednesday that it has agreed to nationalize the country’s biggest natural gas importer, Uniper, expanding state intervention in the industry to prevent an energy shortage resulting from Russia’s war in Ukraine.
Source: ctv business
Germany nationalizes country’s biggest gas importer Uniper

The U.S. Federal Reserve is expected to raise its key short-term rate by a substantial three-quarters of a point for the third consecutive time. Another hike that large would boost its benchmark rate — which affects many consumer and business loans — to a range of 3 per cent to 3.25 per cent, the highest level in 14 years.
Source: ctv business
High inflation in sight, U.S. Fed to signal more rate hikes ahead

Stocks rose in morning trading on Wall Street Wednesday ahead of a widely expected interest rate increase by the U.S. Federal Reserve.
Source: ctv business
U.S. stocks gain ground ahead of latest interest rate hike

Agriculture is a critical part of Ukraine’s economy, accounting for about 20 per cent of gross national product and 40 per cent of export revenue before the war. But Russia’s invasion in late February has dealt a heavy blow, damaging farmland, crops, livestock, machinery and storage facilities, as well as severely hampering transport and exports.
Source: ctv business
Front line farming: Bombs disrupt critical Ukraine industry

Canada’s trade deal with the European Union has been operating in draft mode for five years as of Wednesday, raising doubts it will ever be formally implemented.
Source: ctv business
Five years into Canada-Europe trade deal, full ratification not guaranteed

Hertz plans to order up to 175,000 electric vehicles from General Motors over the next five years. The agreement announced Tuesday includes electric vehicle deliveries through 2027 and will include SUVs, pickups and luxury automobiles.
Source: ctv business
Hertz plans to order up to 175K electric vehicles from General Motors over the next five years