National Business

WASHINGTON — The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is highly uncertain and growth could be imperiled if coronavirus in

TORONTO — Canadian toymaker Spin Master Corp. has solved the Rubik's Cube, completing a US$50-million acquisition of the legendary multi-coloured cube.

NEW YORK — Amazon said Tuesday that it bought 11 jets from Delta and WestJet airlines to boost its growing delivery network and get orders to shoppers faster. The company said it's the first time it has purchased planes for its delivery network.

WASHINGTON — American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector.

CALGARY — The travel industry in Canada has been thrown into a "tailspin" by new federal rules requiring a COVID-19 test before Canadians are allowed back into the country from most international travel, says the Association of Canadian Independent T

BANGKOK — Thailand reported 527 new coronavirus cases, most of them migrant workers who already were isolated, and the government said it was tightening movements of people around the country.

TORONTO — BMO Financial Group says it has signed a deal to sell its private banking business in Hong Kong and Singapore to J. Safra Sarasin Group. Financial terms of the agreement were not disclosed. BMO says J.

SEOUL, Korea, Republic Of — Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course and travel to Iran, the vessel's owner said Tuesday, the latest maritime seizure by Tehran amid heightened tension

BEIJING — The former head of state-owned China Huarong Asset Management Co. Ltd. was sentenced to death Tuesday for bribe taking in one of the harshest punishments for economic crimes in recent years.

BEIJING — China’s official Xinhua News Agency is calling for shorter work hours in the country’s tech sector following the sudden death last week of a young employee at a leading e-commerce platform.