National Business

Western sanctions have hit Russian banks, wealthy individuals and technology imports.

TOKYO (AP) — Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest United States bank failure in nearly 15 years might have ripple effects around the world.

OTTAWA — Canada’s banking regulator says it has temporarily seized assets of the Canadian branch of Silicon Valley Bank. Fearful depositors withdrew billions of dollars from the U.S. bank in a matter of hours Friday, forcing U.S.

OTTAWA — The coming federal budget should lower taxes, cap spending and make it easier to build new houses, Conservative Leader Pierre Poilievre said Sunday as he pinned blame for current economic woes on the Liberals.

TORONTO — When it comes to saving on groceries or trips to the mall, Nichole Schaubroeck is a pro.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Household debt Statistics Canada will release on Monday its national balance sheet and financial flow accounts for the fourth quarter of 2022.

WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank , but is working to help depositors who are concerned about their money .

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists.

LVIV, Ukraine — Two women sit at a table near the front door of a small, nondescript bar in western Ukraine. Speak the password, and they will escort you to a closet, inside which is a staircase that leads down to a stone cellar.

Passengers travelling with Flair Airlines were "impacted" on Saturday after four of its leased aircraft were seized in Toronto, Edmonton and Waterloo, Ont., in what the company described as a "commercial dispute.