National Business

NEW YORK — Stocks tumbled in the U.S. and Europe as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control. The S&P 500 fell 2.

Sobeys parent company Empire Co. Ltd. has shared new details on a cyberattack that shut down its pharmacy services and other in-store functions last month.

MONTREAL — Travel company Transat A.T. Inc. closed a challenging year on a high as it set sights on a continued recovery for air travel next year with high prices and even higher demand.

TORONTO — Shopify Inc. says it won’t move into a high-profile retail, office and residential building in Toronto.

Mortgage stress test levels were left unchanged Thursday as the federal banking regulator and Department of Finance favoured a cautious approach over calls to relax tests to help a slowing housing market.

Shares of Tesla rose slightly in midday trading Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week. The stock traded at $157.

PORTLAND, Ore. (AP) — Bayer, the German pharmaceutical and biotechnology company, will pay Oregon $698 million to end a lawsuit over PCB pollution associated with products made by Monsanto, the agriculture giant it now owns.

FRANKFURT, Germany (AP) — The European Central Bank slowed its record pace of interest rate increases slightly Thursday but promised that more hikes are on the way, joining the U.S.

TOPEKA, Kan. (AP) — The operator of a pipeline with the the largest onshore crude oil spill in nine years occurred has reopened all of it except for the stretch in Kansas and northern Oklahoma that includes the site of the rupture. Canada-based T.C.

TORONTO — Canada's main stock index was down nearly 400 points in a broad-based decline in late-morning trading, while U.S. stock markets also fell a day after the U.S.