National Business

BIRMINGHAM, England (AP) — The U.K. government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled only days ago that sparked turmoil on financial markets and sent the pound to record lows.

COPENHAGEN, Denmark (AP) — Sweden has sent a vessel capable of “advanced diving missions” to the Baltic Sea area where ruptured undersea pipelines had leaked natural gas for days, the Swedish navy said Monday.

TORONTO — In the first months of the COVID-19 pandemic, Shopify Inc.’s Tobi Lütke was among the first tech leaders to declare most of his staff would “permanently work remotely” because “office centricity is over.

NEW YORK (AP) — Apple Music is about to cross a huge milestone, offering its eye-and-ear-popping 100 millionth song on the streaming service.

BURNABY, B.C. — Interfor Corp. has signed a deal with an affiliate of the Kilmer Group to buy Chaleur Forest Products in New Brunswick for C$325 million. Chaleur owns sawmill operations in Belledune and Bathurst, N.B.

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. says it has signed a deal to sell a stake in a portfolio of operating wind projects in the United States and Canada to InfraRed Capital Partners.

BUDAPEST, Hungary (AP) — A theater in Hungary's capital will sit through a cold and quiet winter after its managers chose to shut it down rather than pay skyrocketing utility prices that are putting a squeeze on businesses and cultural institutions a

RIO DE JANEIRO (AP) — Brazil’s top two presidential candidates will face each other in a runoff vote following a polarized election to decide if the country returns a leftist to the helm of the world’s fourth-largest democracy or keeps the far-right

SOFIA, Bulgaria (AP) — An exit poll in Bulgaria suggested Sunday that the center-right GERB party of ex-premier Boyko Borissov, a party blamed for presiding over years of corruption, will be the likely winner of Bulgaria’s parliamentary election.

PARIS (AP) — Valentino’s Paris fashion show on Sunday saw snared lines of black cars dropping off battalions of celebrities who, amid the commotion, just couldn’t find the entrance.