National Business

WASHINGTON (AP) — Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high’’ inflation before announcing that they were raising their benchmark interest rate by a substantial three-quarters of a point for

CHICAGO (AP) — A specialist in plastic waste management, artists, musicians, computer scientists, and a poet-ornithologist who advocates for Black people in nature are among this year’s 25 winners of the John D. and Catherine T.

WARSAW, Poland (AP) — An oil leak was detected on a pipeline in Poland that's the main route through which Russian crude reaches Germany, the pipeline's Polish operator said Wednesday.

TORONTO — RBC economists say Canada’s economy could fall into a recession as early as the first quarter of next year, but they expect unemployment to be "less severe" than previous downturns.

MONTREAL — A subsidiary of Hydro-Québec announced a deal Wednesday to buy U.S. power generator Great River Hydro LLC for US$2 billion.

The U.S. on Wednesday authorized updated COVID-19 boosters for children as young as 5, seeking to expand protection ahead of an expected winter wave.

GUELPH, Ont. — Linamar Corp. says its light vehicle production forecast for the third quarter is down "meaningfully" in Europe compared with its previous forecast, despite being slightly higher overall. The Guelph, Ont.

WASHINGTON (AP) — Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully high levels.

SASKATOON — Cameco Corp. and Brookfield Renewable Partners have teamed up to buy Westinghouse Electric Co., one of the world’s largest nuclear services businesses, for US$4.5 billion plus assumed debt.

MOSCOW (AP) — Russian President Vladimir Putin said Wednesday that Moscow is ready to resume gas supplies to Europe via a link of Germany-bound Nord Stream 2 pipeline under the Baltic Sea.