National Business

WASHINGTON — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce.

TORONTO — Sagicor Financial Co. Ltd. says it will not go ahead with its acquisition of ScotiaLife Trinidad and Tobago Ltd. The company made the decision after it and Scotiabank Trinidad and Tobago Ltd.

FRANKFURT — The unemployment rate in the 19 countries that use the euro currency inched higher to 7.4 % in May from 7.3% in April as governments used active labour market support programs to cushion the impact of the virus outbreak on workers.

CANBERRA, Australia — An Australian court on Thursday rejected a newspaper publisher’s appeal against Oscar-winning actor Geoffrey Rush’s $2.9 million Australian dollars ($2 million) payout for defamation.

Michigan Gov. Gretchen Whitmer said Wednesday that she was closing indoor seating in bars in parts of the state, including a college town where one brewpub has been linked to about 140 infections.

TORONTO — All five of Canada's biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation.

WASHINGTON — Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the spring would likely be the steepest in the post-World

NEW YORK — Indoor dining at New York City restaurants will be delayed out of fear it would cause a spike in coronavirus infections, Mayor Bill de Blasio and Gov. Andrew Cuomo said Wednesday.

MOSCOW — Russian voters approved changes to the constitution that will allow President Vladimir Putin to hold power until 2036, but the weeklong plebiscite that concluded Wednesday was tarnished by widespread reports of pressure on voters and other i

WASHINGTON — U.S. construction spending fell 2.1% in May with both home building and nonresidential activity declining. The Commerce Department said on Wednesday the May decline followed an even larger 3.5% fall in April.