National Business

WASHINGTON (AP) — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

OTTAWA — The price of gas is going up. The cost of groceries is going up. And now that the Bank of Canada has started to raise interest rates, the cost of borrowing is going up.

BRAMPTON, Ont. — MDA Ltd. says it has won a $269-million contract from the Canadian Space Agency for the next phase of the Canadarm 3 program.

TORONTO — Canadian Tire Corp. has announced a multi-billion dollar plan to improve customer service and bolster sales. The retailer, which operates several banners including Canadian Tire, SportChek and Mark's, says the $3.

NEW YORK (AP) — Melissa Etheridge says the star-studded Love Rocks NYC benefit, the annual concert for the nonprofit God’s Love We Deliver, is exactly the kind of fundraiser she wanted to join.

The European Central Bank said Thursday that it will speed up ending its economic stimulus efforts to combat record inflation that threatens to go ever higher as energy prices soar during Russia's war in Ukraine .

WASHINGTON (AP) — Slightly more Americans applied for unemployment benefits last week, but layoffs have settled to the low, pre-pandemic levels seen before the coronavirus recession in 2020.

WASHINGTON (AP) — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

WELLINGTON, New Zealand (AP) — Noting the rapid changes taking place in how people consume news and entertainment, New Zealand's government on Thursday said it would merge its public television and radio broadcasters into a single new organization it

BEIJING (AP) — Asian markets surged while Europe opened lower Thursday after oil prices recovered some of a decline the day before that had eased inflation fears.