National Business

WASHINGTON — The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century.

COLUMBUS, Ohio — For many, it's not Christmas without the dance of Clara, Uncle Drosselmeyer, the Sugar Plum Fairy, the Mouse King and, of course, the Nutcracker Prince.

WASHINGTON — Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people.

MONTREAL — The Caisse de depot et placement du Quebec has signed a deal to buy a portfolio of solar power assets in Spain from Q-Energy. Financial terms of the agreement were not immediately available.

STOCKHOLM — Auctions are everywhere in today’s economy. They determine how Google sells ads, what price consumers end up paying for electricity, and the way governments sell off the public airwaves to telecom companies and broadcasters.

Facebook is banning posts that deny or distort the Holocaust and will start directing people to authoritative sources if they search for information about the Nazi genocide.

LONDON — The British government on Monday announced grants of 257 million pounds ($335 million) to help almost 1,400 arts and cultural organizations survive the coronavirus pandemic. The money — the first chunk to be spent from a 1.

STOCKHOLM — Americans Paul R. Milgrom and Robert B. Wilson have won the Nobel Prize in economics for “improvements to auction theory and inventions of new auction formats.

ST. JOHN'S, N.L. — Parking lots at Dominion grocery stores in Newfoundland and Labrador were unusually deserted heading into Thanksgiving, except for a few striking employees holding their mittened hands over burn barrels.

VANCOUVER — The BC Green Party is calling for a reformation of the financial system used by local governments to help them better address issues brought on by the COVID-19 pandemic. Green Leader Sonia Furstenau says that B.C.