Direct Loan Canada Blog

In the latest setback to European Union efforts to tackle corporate tax avoidance, a court on Wednesday annulled a ruling by the European Commission that a tax deal between Amazon and Luxembourg’s government amounted to illegal state support.
Source: ctv business
Amazon wins EU court fight over US0 million tax ruling

Shutting down the Line 5 pipeline in Michigan would deal a ‘massive and potentially permanent’ blow to Canada’s economy and energy security and risk lasting damage to relations with the United States, the federal government argues in court documents released Tuesday.
Source: ctv business
‘Massive and potentially permanent disruption’: Canada’s bleak view of Line 5 closure

Michigan Gov. Gretchen Whitmer threatened Tuesday to go after Enbridge’s profits from a Great Lakes oil pipeline if the company defies her order to shut it down.
Source: ctv business
Michigan Gov. threatens profit seizure if pipeline keeps operating

A surprisingly big jump in inflation last month knocked the stock market lower again as investors worry that the economy may bounce back too fast from its pandemic-induced doldrums.
Source: ctv business
Inflation worries knock stocks lower again; bond yields rise

U.S. regulators said Tuesday they are temporarily suspending clean fuel requirements in three eastern states and the nation’s capital to ease a gasoline shortage caused by the hacking shutdown of a major pipeline.
Source: ctv business
U.S. waives clean fuel rules to alleviate shortage after pipeline shutdown

U.S. President Joe Biden is set to announce additional steps toward promoting vaccine accessibility, including free rides on Uber and Lyft to vaccination sites, to help meet the administration’s goal of 70 per cent of adults getting at least one coronavirus shot by July 4.
Source: ctv business
Uber and Lyft to provide free rides to vaccination sites as part of new White House partnership

Starbucks is ringing in summer with a Strawberry Funnel Cake Frappuccino, its first new limited time flavour in more than three years.
Source: ctv business
Starbucks has a new Frappuccino for the summer

Moody’s has upgraded its outlook for the global airlines industry to “positive” from “negative,” as the ratings agency expects steady vaccine rollouts across geographies to drive a rebound in commercial air travel.
Source: ctv business
Moody’s upgrades outlook for global aviation industry to ‘positive’

A year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied malls nationwide, the chain will be spun off by its owner to become a separate company.
Source: ctv business
Victoria’s Secret to be spun off a year after sale collapsed

Hit by a cyberattack, the operator of a major U.S. fuel pipeline said it hopes to have services mostly restored by the end of the week as the FBI and administration officials identified the culprits as a gang of criminal hackers.
Source: ctv business
Colonial pipeline officials hope most service will be back by weekend