Direct Loan Canada Blog

South Korea’s National Assembly approved legislation on Tuesday that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems.
Source: ctv business
South Korea bans Google, Apple payment monopolies

Theranos founder Elizabeth Holmes’ claims that she was abused by the company’s chief operating officer, who at the time was her boyfriend, could complicate jury selection in her highly anticipated fraud trial, legal experts said.
Source: ctv business
Theranos founder’s abuse claims add wrinkle to jury selection in fraud case

Stocks were wavering between small gains and losses in afternoon trading Thursday, as the market looks to close out August solidly in the green.
Source: ctv business
Stocks waver as market looks to end August in the green

Canada’s economy had its worst quarterly stretch since the start of the pandemic, contracting at an annualized rate of 1.1 per cent between April and June and possibly dropping further in July.
Source: ctv business
Statistics Canada says economy contracted in second quarter, estimates drop in July

Newfoundland and Labrador Premier Andrew Furey tried to calm anxieties on Monday about Quebec’s potential interests in his province’s hydroelectric resources.
Source: ctv business
No reason to fear Quebec’s interests in N.L.’s hydroelectric potential, says Furey

As the economic impact of COVID-19 leaves more empty storefronts and public spaces in some communities, one researcher says that could drive people away for good, so he suggests cities repurpose abandoned buildings as community centres and set up more temporary markets and pop-up stores.
Source: ctv business
How neighbourhoods in Canada can repurpose storefronts left empty by COVID-19 pandemic

The European Union recommended Monday that its 27 nations reinstate restrictions on tourists from the U.S. because of rising coronavirus infections there.
Source: ctv business
EU takes U.S. off safe travel list; backs travel restrictions

Canadian tech companies with manufacturing processes, shipping times and supply chains that were upended during the pandemic now predict it will be months — at the very least — until their processes are back to normal and warn it will take even longer to make up for lost profits and elevated costs.
Source: ctv business
Supply chain snafus hampering Canadian tech companies as COVID-19 continues

Universal Studios announced Monday that its first theme park in China will open in the country’s capital in September.
Source: ctv business
Universal Studios sets opening for first theme park in China

Stocks rose on Wall Street Monday and remained near record highs set last week after investors welcomed an update from the U.S. Federal Reserve.
Source: ctv business
Stocks rise on Wall Street, holding near their record highs