Direct Loan Canada Blog

Russia’s Gazprom says it is halting natural gas supplies to Poland and Bulgaria, escalating tensions between the Kremlin and Europe over energy and Russia’s invasion of Ukraine — and adding new urgency to plans to reduce and then end the continent’s dependence on Russia as a supplier of oil and gas.
Source: ctv business
What’s behind Russia’s natural gas cutoff?

Tesla Inc lost US$126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter.
Source: ctv business
Tesla loses US6 billion in value amid Musk Twitter deal funding concern

Drone company DJI Technology Co has temporarily suspended business activities in Russia and Ukraine to prevent use of its drones in combat, in a rare case of a Chinese company pulling out of Russia because of the war.
Source: ctv business
Drone company halts Russia, Ukraine business to prevent product misuse

Stocks shook off a wobbly start and gained ground in afternoon trading on Wall Street Wednesday, after a big sell-off of tech stocks a day earlier. It’s the latest turbulence for the market as traders brace for more earnings reports from major U.S. companies this week.
Source: ctv business
Stocks regain their footing a day after big tech sell-off

Elon Musk’s past tweets show how he has used social media to craft his public image as a brash billionaire unafraid to offend. They may also reveal clues as to how Musk will govern the platform he hopes to own.
Source: ctv business
What Musk’s past tweets reveal about Twitter’s next owner

The Biden administration is scrapping old-fashioned incandescent light bulbs, speeding an ongoing trend toward more efficient lighting that officials say will save households, schools and businesses billions of dollars a year.
Source: ctv business
Incandescent light bulbs being phased out in U.S. to save energy

Many distilleries that pivoted their operations to make hand sanitizer in the early days of COVID-19 have walked away from this side business.
Source: ctv business
Canadian distilleries stop producing hand sanitizer two years after start of COVID-19

Many distilleries and breweries that pivoted their operations to make hand sanitizer in the early days of COVID-19 have since walked away from this side business.
Source: ctv business
Distilleries, breweries stop producing hand sanitizer two years after start of COVID

The World Bank says commodity prices that reached historically elevated levels because of the war in Ukraine will remain high through the end of 2024.
Source: ctv business
World Bank forecasts elevated commodity prices to remain through end of 2024

Air Canada more than tripled its revenues last quarter as demand for travel revved up, though a net loss of nearly $1 billion signalled the pandemic recovery is far from complete.
Source: ctv business
Air Canada bookings come roaring back, but business travel, fuel costs pose hurdles