National Business

DETROIT — The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. Yet for that to happen, they’ll need to sell the idea to people like Steve Bock.

MISSISSAUGA, Ont. — Walmart Canada is closing six stores and spending $500 million to upgrade more than half its remaining locations and improve its online business, the company said Monday. The Mississauga, Ont.

TORONTO — Mental health concerns are on the rise among Canada’s working women one year into the pandemic — particularly among mothers, according to a new survey by The Prosperity Project and CIBC released Monday.

TORONTO — Canaccord Genuity Group Inc. has made a takeover offer for RF Capital Group worth about $367 million, a move that would combine two of the largest independent wealth management businesses in Canada.

GENEVA — Swiss authorities on Monday confirmed a police raid at the home of a Swiss software engineer who took credit for helping to break into a U.S.

BERLIN — French President Emmanuel Macron says that France is suspending the use of the AstraZeneca coronavirus vaccine use out of precaution.

STOCKHOLM — Low-cost fashion brand Hennes & Mauritz AB said Monday its sales dropped 21% during the December through February period as an increase in online business could not make up for the temporary closure of 1,800 stores due to the pandemic

NEW YORK — A New York-based brand management firm that already owns Anne Klein and Joseph Abboud is taking a controlling stake in the parent company of the iconic Toys R Us and Babies R Us brands.

The Canadian Real Estate Association is predicting home sales will be so strong they'll reach record highs this year, before starting to cool in 2022.

OTTAWA — Canadian manufacturing sales beat expectations as they rose 3.1 per cent to $56.2 billion in January to top their pre-pandemic mark set in February 2020 for the first time. Economists on average had expected an increase of 2.