National Business

OTTAWA — Canada posted a merchandise trade deficit of $1.4 billion in May compared with a surplus in April as imports rose and exports fell.

WASHINGTON (AP) — The U.S. trade deficit widened in May to $71.2 billion as a small increase in exports was offset by a bigger rise in imports. The Commerce Department reported Friday that the deficit rose 3.1% from the revised April deficit of $69.

BUCHAREST (AP) — A large explosion at Romania's largest oil refinery outside the port city of Constanta on Friday left one person dead and several injured, authorities said.

FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.

NEW YORK (AP) — Donald Trump’s company and its longtime finance chief were charged Thursday in what prosecutors called a “sweeping and audacious” tax fraud scheme in which the executive collected more than $1.

CAPE CANAVERAL, Fla. (AP) — Virgin Galactic’s Richard Branson is aiming to beat fellow billionaire Jeff Bezos into space by nine days.

The NFL has fined the Washington Football Team $10 million and owner Dan Snyder is stepping away from day-to-day operations for several months after an independent investigation found the organization’s workplace “highly unprofessional," especially f

NEW YORK (AP) — Robinhood saw its revenue more than quadruple early this year as the new generation of investors it’s helped empower shook up Wall Street with their newfound trading power.

Steven Yeun, Nathan Lane, Issa Rae, Robert Pattinson, Janet Jackson, Leslie Odom Jr. and Laverne Cox are among the artists being invited to join the Academy of Motion Picture Arts and Sciences.

WASHINGTON (AP) — U.S. construction spending fell 0.3% in May. Growth in housing, the economy's standout performer, slowed while activity in areas most directly impacted by the pandemic showed further weakness.