National Business

TORONTO — When the winter doldrums set in earlier this year, Scott Taber headed for warmer climes but he didn’t leave work behind.

Amazon announced Thursday it has closed its acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets. The retail giant had announced the $8.

LONDON (AP) — P&O Ferries, one of the largest ferry operators serving the United Kingdom, fired 800 crew members with “immediate" effect, saying Thursday that the company’s survival depends on “swift and significant changes.

LONDON (AP) — The Bank of England raised its key interest rate Thursday for the third time since December as it pushes ahead faster than other central banks in combating a global wave of inflation that is set to accelerate following Russia’s invasion

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound.

BRAMPTON, Ont. — MDA Ltd. reported a fourth-quarter profit of $600,000 compared with a loss of $12.6 million in the last three months of 2020 as its revenue rose 15 per cent.

DUBAI, United Arab Emirates (AP) — An Emirati-flagged cargo ship sank Thursday off Iran in the Persian Gulf in poor weather, authorities said, with rescuers attempting to account for all of its 30 crew members. Capt.

WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,468.83, up 280.99 points.) Enbridge Inc. (TSX:ENB). Energy. Down 41 cents, or 0.7 per cent, to $55.82 on 10.8 million shares.

TORONTO — North American stock markets gyrated midweek after the U.S. Federal Reserve raised interest rates and pointed to six more hikes this year as inflation is expected to remain hot while economic growth is forecast to slow.