National Business

NEW YORK (AP) — U.S. stocks slumped Friday in another washout, as businesses around the world scrambled to contain the effects of a disruptive technology outage . The S&P 500 fell 0.

NEW YORK (AP) — Much of the world faced online disarray Friday as a widespread technology outage affected companies and services across industries — grounding flights, knocking banks and hospital systems offline and media outlets off air.

TORONTO — Canadians who woke up Friday to a worldwide technology outage that disrupted airlines, hospitals and banks may be thinking back to a widespread telecom outage from two years ago. The July 2022 outage of Rogers Communications Inc.

TORONTO — A grocery code of conduct could stabilize food prices in the future and encourage more investment in the Canadian food industry, according to the president of Kraft Heinz Canada.

Airlines, banks, hospitals and other risk-averse organizations around the world chose cybersecurity company CrowdStrike to protect their computer systems from hackers and data breaches.

YEKATERINBURG, Russia (AP) — Wall Street Journal reporter Evan Gershkovich was convicted Friday of espionage and sentenced to 16 years in a maximum-security prison on charges that his employer and the U.S. government have rejected as fabricated.

OTTAWA — Canadians reined in their spending in May as retail sales dropped 0.8 per cent, weighed down by decreases at grocers and alcoholic beverage retailers, Statistics Canada reported on Friday.

OTTAWA — Statistics Canada says retail sales fell 0.8 per cent to $66.1 billion in May, weighed down by decreases at grocers and alcoholic beverage retailers. The agency says sales were down in eight of the nine subsectors it tracks led by the 1.

TORONTO — Toronto Pearson International Airport says a global technology outage that caused disruptions around the world early Friday morning could lead to flight delays and cancellations throughout the day.

EDMONTON — A prominent Alberta utility is seeking to delay a hearing on appropriate remedies for gas and electricity rates the province's utilities regulator says were neither reasonable nor justified.