National Business

TORONTO — Brookfield Asset Management Ltd. says its share of the latest quarterly profit of the asset management business it owns with Brookfield Corp. amounted to US$125 million.

WASHINGTON (AP) — Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation are likely to be slow and bumpy. Prices increased 0.

TORONTO — The Canadian Federation of Independent Business says in a survey of its members, 78 per cent of them reported that getting extra time to repay their Canada Emergency Business Account loans will increase the likelihood of their survival.

MONTREAL — Nuvei Corp. saw its first-quarter revenue rise 20 per cent compared with a year ago, but recorded a loss for the first three months of the year as it was hit by about US$20 million in costs related to its deal to buy U.S.

TORONTO — Tim Hortons says the coffee and doughnut chain has signed a deal to open locations in South Korea starting later this year. The company says it has signed a master franchise agreement with BKR Co. Ltd.

The CBC and Radio-Canada are returning to Twitter after pausing activity last month over their designation as "government-funded media" by the social media platform.

WASHINGTON (AP) — President Joe Biden and congressional leaders confronted each other on the debt limit impasse Tuesday, ending their meeting with no breakthrough but agreeing to meet again this week to try to avert the looming risk of an unprecedent

WASHINGTON — Heavy spring flooding has made Line 5 an "imminent threat" to Lake Superior and a key Indigenous watershed, lawyers argued Tuesday in an emergency motion to shut down the controversial cross-border pipeline.

WASHINGTON — Canada's federal government was watching closely and saying little Tuesday as a high-stakes race against the clock got underway in earnest at the White House, with the health of the global economy hanging in the balance.

QUEBEC — The Quebec government tabled a bill Tuesday that would require short-term rental companies to ensure their online listings are certified by the province.