National Business

WASHINGTON (AP) — The last time the Federal Reserve faced inflation as high as it is now , in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep recession and sharply higher unemployment.

FRANKFURT, Germany (AP) — The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S.

TORONTO — When Addy Bhatia was laid off from Wealthsimple in June, he covered his bills by relying on strategies that got him through four layoffs in the last two years.

KYIV, Ukraine (AP) — U.S. Secretary of State Antony Blinken paid an unannounced visit to Kyiv on Thursday as the Biden administration announced major new military aid worth more than $2.

WASHINGTON (AP) — The number of Americans filing for unemployment benefits last week fell to its lowest level since May despite repeated attempts by the Federal Reserve to cool the economy and bring inflation under control.

OTTAWA — Shopify Inc. named Jeff Hoffmeister as its next chief financial officer, replacing Amy Shapero, who is stepping down following the company's third-quarter earnings to be released on Oct. 27.

SAN JUAN, Puerto Rico (AP) — Puerto Rican superstar Ricky Martin filed a lawsuit Wednesday against his nephew that accused him of extortion, malicious persecution, abuse of law and damages — stemming from false allegations of sexual abuse.

WASHINGTON (AP) — A panel of federal health advisers voted Wednesday to recommend approval for an experimental drug to treat Lou Gehrig’s disease, a remarkable turnaround for the much-debated medication that was previously rejected by the same group

TORONTO — Cineplex Inc. says it remains focused on recouping the value of a judgement against Cineworld Group PLC despite the U.K.-based movie theatre operator's bankruptcy filing in the U.S. Toronto-based Cineplex was awarded $1.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,241.44, up 153.29 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 91 cents, or 2.23 per cent, to $39.97 on 19.3 million shares.