National Business

LONDON (AP) — The Bank of England raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K.

BERLIN (AP) — A man opened fire at a Mercedes-Benz factory in southwestern Germany on Thursday, leaving two people dead, authorities the company said. The shooting occurred in Sindelfingen, a city near Stuttgart.

DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates saw its most-profit year ever in 2022, earning $2.9 billion after bouncing back from the coronavirus pandemic shutting down global aviation, the airline announced Thursday.

OTTAWA — The federal Liberals have made it clear that Canada's road to a greener economy will be paved with billions of dollars in corporate subsidies.

TORONTO — RioCan Real Estate Investment Trust says net income for the first quarter was $118 million, down from $160 million a year earlier. The Toronto-based company says same property net operating income grew by 3.

SASKATOON — Nutrien Ltd. says net earnings for the third quarter were US$576 million, down 58 per cent from US$1.4 billion a year earlier. The Saskatoon-based company, which reports in U.S.

TORONTO — Manulife Financial Corp. says it had a net income of $1.4 billion attributed to shareholders in the first quarter in its first results under new accounting standards.

MONTREAL — WSP Global Inc. says its net earnings attributable to shareholders for the first quarter were $112.5 million, up 18.4 per cent from $95.0 million a year earlier.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,499.31, down 86.42): Enbridge Inc. (TSX:ENB). Energy. Down 21 cents, or 0.39 per cent, to $53.14 on 13.8 million shares.

TORONTO — Canada's main stock index moved lower Wednesday, weighed down by losses in energy and metals, while U.S. markets were mixed on the heels of the latest data on inflation. Consumer prices in the U.S. rose in April, up 0.