Direct Loan Canada Blog

Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday.
Source: ctv business
Google’s Russian subsidiary to file for bankruptcy after bank account seized

Britain’s inflation rate rose to the highest level in 40 years last month as Russia’s war in Ukraine fuelled further increases in food and fuel prices.
Source: ctv business
U.K. inflation hits 40-year high amid Russia’s war in Ukraine

A proposed class action was filed against McDonald’s and Wendy’s on Tuesday for defrauding customers with ads that make burgers appear larger than they actually are.
Source: ctv business
Where’s the beef? McDonald’s, Wendy’s are sued over burger sizes

Statistics Canada says women made up about 19 per cent of corporate board seats in 2019, an increase from about 18 per cent from the year before even though the total number of board seats fell.
Source: ctv business
Women held 19 per cent of board seats in 2019, up from 18 per cent in 2018: StatCan

More than three years after the high-profile divorce proceedings of New York real estate developer Harry Macklowe and his wife, Linda, their art collection has become the most expensive to ever sell at auction, raking in US$922.2 million over the course of two different sales.
Source: ctv business
Art auction fetches US2 million for high-profile divorce settlement

One of Canada’s largest supermarket chains is taking a small but meaningful step to signal its support for Ukraine as the country defends itself against Russia’s invasion.
Source: ctv business
Loblaw to adopt Ukrainian spelling of chicken Kyiv for frozen dish

The U.S., several global development banks and other groups on Wednesday unveiled a multi-billion dollar plan to stave off a worldwide food security crisis worsened by Russia’s war in Ukraine, a key danger facing an increasingly fragile world economy.
Source: ctv business
U.S., banks unveil plan to ease food crisis from Russia’s war

Even by the standards of Twitter, a company that has known plenty of chaos and dysfunction in its history, the weeks-long effort by billionaire Elon Musk to buy the company has proven to be uniquely tumultuous — and there’s no clear end in sight. Here is a look back at the many twists and turns in one of the most high-profile tech deals in recent memory.
Source: ctv business
Elon Musk’s bumpy road to possibly owning Twitter: A timeline

The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April.
Source: ctv business
Canada’s inflation rate hits three-decade high of 6.8 per cent: StatCan

Stocks fell sharply in afternoon trading on Wall Street Wednesday, led by led by steep drops in retailers as Target plunged after issuing a grim quarterly earnings report.
Source: ctv business
Sharp drop in retailers helps pull Wall Street indexes lower