National Business

WASHINGTON — As President Joe Biden convenes a virtual climate summit on Thursday with 40 world leaders, he faces a vexing task: how to put forward a nonbinding but symbolic goal to reduce greenhouse gas emissions that will have a tangible impact on

OTTAWA — A luxury car or expensive boat will soon cost more thanks to a new tax proposed in Monday's federal budget, which also raises taxes on tobacco and looks to put a little more money in the wallets of older and low-income Canadians.

New Delhi imposed a weeklong lockdown Monday night to prevent the collapse of the Indian capital's health system, which authorities said had been pushed to its limit amid an explosive surge in coronavirus cases.

TORONTO — North American stock markets slipped from record highs to start the trading week as investors paused while they wait to see if earnings results in the coming weeks meet lofty expectations.

HALIFAX — The Nova Scotia government says it guaranteed nearly $35 million in loans to major tourism operators in the province struggling with the COVID-19 pandemic.

The federal government will add $1 billion to a fund for improving high-speed communications in rural and remote areas of Canada, bringing the total to $2.

OTTAWA — The annual pace of housing starts in Canada soared 21.6 per cent in March compared with February, according to Canada Mortgage and Housing Corp.'s latest report.

MADISON, Wis. — Foxconn Technology Group, the world's largest electronics maker, has reached a new deal with reduced tax breaks for its scaled back manufacturing facility in southeast Wisconsin, Gov.

TOKYO — Japan's government said Monday it is asking Myanmar to release a Japanese journalist who was arrested by security forces in its largest city of Yangon the previous day.

LONDON — British Prime Minister Boris Johnson has called off a trip to New Delhi amid surging coronavirus cases in India, as the U.K. imposed a travel ban on most visitors from the vast Asian nation.