National Business

WASHINGTON — Safety regulators issued an emergency order directing airlines to inspect and if necessary replace a critical engine part on popular Boeing 737 jets after four reports of engines shutting down during flights.

WASHINGTON — Sales of new homes rose a sharp 13.8% in June, the second straight increase after two months when sales plunged as the country went into lockdown because of the coronavirus.

ST. JOHN'S, N.L. — Declining oil revenues coupled with costs associated with the COVID-19 pandemic has Newfoundland and Labrador projecting a $2.1-billion deficit for fiscal 2020-21 — an increase of $1.35 billion from last year's budget.

VANCOUVER — Canfor Corp. says its results turned positive in the second quarter on a large reversal of a writedown in its lumber operations due to improved demand and prices towards the end of the quarter.

TORONTO — Aecon Group Inc. swung to a loss in the second quarter as some construction projects were slowed by the COVID-19 pandemic and its stake in Bermuda's airport operations was hurt by a suspension of flights.

MONTREAL — The Business Development Bank of Canada says its priorities changed this year due to the COVID-19 pandemic and it shifted to provide more liquidity during the economically challenging time. The BDC says its clients accepted $7.

BANGKOK — Prosecutors in Thailand have dropped all charges against a Thai heir to the Red Bull energy drink fortune who was accused of killing a Bangkok police officer in a 2012 car crash, officials said Friday. Police Lt. Col.

BEIJING — The former chairman of a state-owned real estate company who publicly criticized President Xi Jinping’s handling of the coronavirus pandemic has been expelled from the ruling Communist Party and will be prosecuted on corruption charges, the

Teck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices.

TORONTO — Global News is cutting some of its workforce in what it describes as a "significant" restructuring. The Canadian news organization owned by Corus Entertainment Inc.