National Business

FRANKFURT — Deutsche Bank has reported that its net income fell to 66 million euros ($72 million) in the first quarter as the pandemic hurt its business.

WASHINGTON — The Federal Reserve has largely calmed turbulent financial markets. Yet a far tougher task remains: Helping rescue an economy and job market that appear to be free-falling into the worst catastrophe since the Great Depression.

VANCOUVER — Silvercorp Metals Inc. says it has struck a deal to buy Guyana Goldfields Inc. in a cash-and-shares transaction worth about $105 million.

MONTREAL — DavidsTea Inc. said Monday it faces the possibility of being delisted from the Nasdaq due to its low stock price as it provided an operational update amid the COVID-19 pandemic.

ATLANTA — Some Georgia restaurants were reopening for limited dine-in service Monday as the state continued a loosening of coronavirus restrictions, but many chose to remain closed for the time being.

TORONTO — As the federal government begins accepting applications for the Canada Emergency Wage Subsidy to soften the economic blow of the COVID-19 outbreak, many business owners wonder if their own wages are covered.

NEW YORK — In party dresses or come as you are, with colored lights flashing in their bedrooms and teachers-turned-DJs spinning, high schoolers have turned to virtual proms to salvage at least one slice of fun and tradition for the Class of 2020.

NEW YORK — Josh Groban, Nathan Lane and Jake Gyllenhaal honoured composer and lyricist Stephen Sondheim on Sunday with an online 90th birthday concert that was stuffed with his songs, but delayed by technical difficulties.

TORONTO — Five things to watch for in the Canadian business world in the coming week: CN update Canadian National Railway Co. executives will discuss first-quarter earnings on Monday after markets close. Rival Canadian Pacific Railway Ltd.

VANCOUER, B.C. — Energy projects like an LNG Canada export terminal and the Trans Mountain pipeline expansion may face short-term setbacks but the pandemic and oil price crash shouldn't threaten their long-term viability, economists say.