Direct Loan Canada Blog

Former U.S. President Barack Obama’s foundation announced Monday that it has received a US$100 million donation from Amazon founder Jeff Bezos, which it says is the largest individual contribution it has received to date.
Source: ctv business
Bezos makes gifts to Obama foundation and NYU medical center

Lush Cosmetics says it will deactivate its Instagram, Facebook, TikTok and Snapchat accounts on Friday in an effort to address what it says are consumers’ mental health challenges.
Source: ctv business
Lush Cosmetics to deactivate Instagram, Facebook, TikTok and Snapchat accounts

Hearings are set to begin today at the federal telecoms regulator on Rogers Communications Inc.’s proposed $26 billion takeover of Shaw Communications Inc.
Source: ctv business
CRTC hearings to begin on proposed Rogers Communications deal to buy Shaw

A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It’s the latest sign that the government may be thinking about taking some aggressive steps to address slowing growth, including its first lending rate cut since early 2020.
Source: ctv business
China may have to juice its economy soon as ‘stagflation’ risk rises

Losses in the technology sector weighed on the Toronto Stock Exchange as Canada’s main stock index edged lower in late-morning trading, while U.S. stock markets climbed higher.
Source: ctv business
S&P/TSX composite down as tech sector falls, U.S. stock markets climb higher

Canadians eyeing internships, co-op placements and graduate positions at Scotiabank no longer have to polish up their resumes.
Source: ctv business
Scotiabank ditches resumes for campus hiring, widening candidate pool

The steel industry is at a crossroads, with government policies like carbon pricing designed to combat climate change hitting manufacturers’ bottom lines and international pledges likely to seek further concessions from companies that burn fossil fuels.
Source: ctv business
Canadian steelmakers embrace ‘green steel’ as carbon taxes set to rise

Indian police say they have charged senior executives of Amazon’s local unit under narcotics laws in a case of alleged marijuana smuggling via the online retailer.
Source: ctv business
India police charge Amazon execs in alleged marijuana-smuggling case

Vietnamese workers who are helping build the first Chinese car tire factory in Europe say their passports have been taken by their employer and they are now stuck in a grim plainland in Serbia with no help from local authorities.
Source: ctv business
Vietnamese workers at Chinese factory in Serbia cry for help

Chinese tech giants including Alibaba Group and Tencent Holdings were fined Saturday for failing to report corporate acquisitions, adding to an anti-monopoly crackdown by the ruling Communist Party.
Source: ctv business
China fines tech giants over anti-monopoly violations