National Business

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S.

Xplore Mobile Inc. will be shutting down at the end of August. The wireless carrier, which provides service to customers in Manitoba, will cease operations on Aug. 31, according to a company statement.

TORONTO — Royal Unibrew says it's buying Toronto-based Amsterdam Brewery Co. Ltd. for about $44 million.

The national real estate market's cooling continued with home sales falling again in June, but the Canadian Real Estate Association said the decreases are smaller than those seen in previous months.

OTTAWA — Statistics Canada says wholesale sales rose 1.6 per cent in May to $81.1 billion, boosted by higher sales in the food, beverage and tobacco subsector and the machinery, equipment and supplies group.

TORONTO — It used to be said that a penny saved was a penny earned, but rising prices helped push out the penny years ago, and with inflation now running at well over seven per cent, it’s eating into every nickel and dime.

BEIJING (AP) — China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks, but the government said a “stable recovery” is under way after b

COLOMBO, Sri Lanka (AP) — Protesters retreated from government buildings Thursday in Sri Lanka, restoring a tenuous calm to the economically crippled country, and the embattled president at last emailed the resignation that demonstrators have sought

SANTA FE, N.M. (AP) — New Mexico's film and TV industry has hit a new peak, with record spending by video production companies in a state that drew projects including the Netflix series “Stranger Things.

VINNYTSIA, Ukraine (AP) — Russian missiles struck a city in central Ukraine on Thursday, killing at least 23 people and wounding more than 100 others far from the front lines, Ukrainian authorities said.