Direct Loan Canada Blog

Twitter Inc’s shareholders approved a US$44 billion buyout by Elon Musk on Tuesday, handing over the deal’s outcome to a court battle in which the billionaire is trying to scrap the purchase.
Source: ctv business
Twitter shareholders vote in favor of Elon Musk’s US billion offer

The former security chief at Twitter told Congress that the social media platform is plagued by weak cyber defences that make it vulnerable to exploitation by “teenagers, thieves and spies” and put the privacy of its users at risk. Peiter “Mudge” Zatko, a respected cybersecurity expert, appeared before the Senate Judiciary Committee to lay out his allegations Tuesday.
Source: ctv business
Twitter whistleblower cites security flaws before U.S. Congress

The story about high fuel prices was safe, editors agreed, even under the strict press laws of the United Arab Emirates. Instead, it unleashed a firestorm at Al Roeya newspaper in Dubai. Within days, top editors were interrogated. Within weeks, dozens of employees were fired and the print paper declared dissolved.
Source: ctv business
Mass firing at UAE newspaper raises question of censorship

Stocks are tumbling and disappointment is hitting markets worldwide Tuesday, following Wall Street’s sudden realization that inflation isn’t slowing as much as hoped.
Source: ctv business
Stocks tumble on dashed inflation hopes; S&P 500 loses 3 per cent

Passengers blacking out in extreme heat, children struggling to breathe and staff unresponsive to calls for answers and aid — this is the ordeal that Maya Hussein says she and her family went through on an EgyptAir flight last week while trying to return home to Canada.
Source: ctv business
‘From hellfire to a freezer’: Ont. woman says EgyptAir left passengers trapped on tarmac in sweltering heat

Protesters including brothel owners and sex workers demonstrated Monday in front of the Spanish Parliament over a bill that would penalize prostitution customers and sex club owners or pimps with sentences up to 4 years in prison.
Source: ctv business
Spanish sex club owners, workers protest prostitution bill

Canada’s labor force grew in August, but it fell the previous two months and remains smaller than before the summer as tens of thousands of people simply stopped working. Much of this can be chalked up to more Canadians than ever retiring, said Statistics Canada.
Source: ctv business
Canada’s real problem is not job losses, it’s the rush to retire: economists

A New York woman has been sentenced to four months in prison for interfering with crew members aboard a flight from Dallas to Los Angeles last year that had to be diverted to Phoenix, according to federal prosecutors.
Source: ctv business
New York woman gets prison term for altercation aboard plane

Statistics Canada says the amount Canadians owe relative to their income moved higher in the second quarter as the level of debt grew faster than their earnings.
Source: ctv business
Statistics Canada says household debt ratio up in second quarter

The German government said Monday that it can’t stop a shipment of Russian uranium destined for French nuclear plants from being processed at a site in Germany because atomic fuel isn’t covered by European Union sanctions on Russia.
Source: ctv business
Germany: No option but to permit Russian uranium shipment