Direct Loan Canada Blog

President Recep Tayyip Erdogan said Tuesday the Turkish national carrier will rebrand as ‘Turkiye Hava Yollari’ instead of ‘Turkish Airlines’ as part of a push for his country to be known internationally as ‘Turkiye’ instead of ‘Turkey.’
Source: ctv business
Turkish national carrier to change name to ‘Turkiye’ airline

Russian natural gas deliveries through a key pipeline to Europe will drop by around 40% this year, state-controlled energy giant Gazprom said Tuesday, after Canadian sanctions over the war in Ukraine prevented German partner Siemens Energy from delivering overhauled equipment.
Source: ctv business
Russia lowers gas flows to Europe with part stuck in Canada

Canada’s main stock index lost more than 100 points in late-morning trading as the telecommunications and utility sectors helped lead the way lower, while U.S. stock markets were also down after posting big losses on Monday.
Source: ctv business
S&P/TSX composite down more than 100 points, U.S. stock markets mixed

Crypto exchange Coinbase is laying off 18 per cent of its employees as the digital currency market continues to crumble.
Source: ctv business
Coinbase lays off 18% of its workforce and warns of ‘crypto winter’

Russia’s invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine’s agriculture minister told Reuters.
Source: ctv business
Russia’s war may deprive world of three Ukrainian wheat harvests: minister

Wall Street is opening the week with more losses, and the S&P 500 has fallen to a level that market observers consider to be a bear market.
Source: ctv business
Stock declines signal a bear market; here’s what that means

Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes grew faster than debt.
Source: ctv business
Key household debt-to-income ratio down in Q1 as income rises faster than debt

Retired Marine Gen. John Allen resigned as president of the Brookings Institution on Sunday amid a federal investigation into whether he lobbied the U.S. government on behalf of Qatar during the Trump administration.
Source: ctv business
Retired Marine Gen. John Allen resigns as Brookings president amid FBI probe

India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Union and other allies cut off energy imports from Russia in line with sanctions over its war on Ukraine.
Source: ctv business
India, China growing markets for shunned Russian oil

Bitcoin and other cryptocurrencies were collapsing in price Monday, after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing ‘extreme market conditions.’
Source: ctv business
Bitcoin plunges as major crypto lender halts operations