Direct Loan Canada Blog

International Monetary Fund chief Kristalina Georgieva on Friday denied allegations that she pressured World Bank staff to alter data to favor China during her time as World Bank CEO, as the IMF’s executive board launched a formal review of the matter.
Source: ctv business
‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report

A judge formally approved a plan Friday to turn OxyContin maker Purdue Pharma into a new company no longer owned by members of the Sackler family and with its profits going to fight the opioid epidemic.
Source: ctv business
Use of OxyContin profits to fight opioids formally approved

Minnesota regulators have ordered Enbridge to pay more than US$3 million for allegedly violating state environmental law by piercing a groundwater aquifer during construction of the Line 3 oil pipeline replacement.
Source: ctv business
Enbridge ordered to pay US million for Line 3 groundwater leak

An imposing bronze statue was unveiled in Hungary’s capital on Thursday which its creators say is the first in the world to pay homage to the anonymous creator of the Bitcoin digital currency.
Source: ctv business
Statue honouring mysterious Bitcoin founder unveiled in Budapest

Canadian National Railway Co. announced a new strategic plan on Friday as it looks to move past its failed bid for a U.S. railway and stave off criticism from an activist investor looking to make leadership changes at the railway.
Source: ctv business
CN launches new strategic plan as activist investor seeks changes

B.C.’s Ministry of Health says officials still have the authority to order businesses to close when there is evidence of COVID-19 transmission between employees, they just haven’t had a reason to issue such an order in more than three months.
Source: ctv business
Why no workplace closures during B.C.’s 4th wave? Ministry says they haven’t been necessary

Japan said it would have to determine if China meets the ‘extremely high standards’ of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership after the world’s second-biggest economy formally applied to join.
Source: ctv business
China applies to join TPP trade pact to boost economic clout

The World Bank is cancelling a prominent report on business conditions around the world after investigators found staff members were pressured by the bank’s leaders to alter data about China and some other governments.
Source: ctv business
World Bank cancels business report after investigation

A civil trial opened Friday in Austria over the government’s handling of a coronavirus outbreak at an Alpine ski resort during the early stages of the pandemic that relatives say resulted in unnecessary infections and deaths.
Source: ctv business
Trial begins over COVID-19 outbreak in Austrian ski resort

The British government announced a major simplification of its rules for international travel on Friday, heeding complaints from travellers and businesses that its regulations aimed at staving off the spread of COVID-19 were cumbersome and ineffective.
Source: ctv business
England simplifies COVID-19 travel rules bashed as confusing