National Business

NEW YORK (AP) — First Citizens Bank is buying much of Silicon Valley Bank , the tech-focused financial institution whose failure this month set off a chain reaction that helped rattle faith in banks around the world.

WASHINGTON (AP) — The U.S. government will restrict its use of commercial spyware tools that have been used to surveil human rights activists, journalists and dissidents around the world, under an executive order issued Monday by President Joe Biden.

LONDON (AP) — Scotland’s governing party elected Humza Yousaf as its new leader on Monday, making him the first person of color and the first Muslim to lead the country of 5.5 million people.

CALGARY — The Canada Infrastructure Bank is making its first investment in low-carbon fuels, committing $277 million to a biofuels facility under construction in Varennes, Que.

TORONTO — Dye & Durham Ltd. says it is considering spinning out its TM Group business in addition to a possible sale after agreeing with the United Kingdom's competition regulator last year that it would dispose of the business.

TORONTO — Onex Corp. says it is shortening the proposed sunset provision for its multiple-voting shares to three years from its initial plan for five.

RIYADH, Saudi Arabia (AP) — Saudi Arabia's state-owned oil giant Aramco will invest billions of dollars in China's downstream petrochemicals industry, including the construction of a new refinery, the company said in deals announced Sunday and Monday

SASKATOON — Cameco Corp. says it expects to receive a refund of about $300 million after the Canada Revenue Agency issued revised reassessments for the 2007 through 2013 tax years.

Lettuce prices are likely to rise next month and could stay high into the summer, agriculture experts say, as flooding in a key California farming area becomes the latest example of extreme weather’s effect on the food chain.

DUBAI, United Arab Emirates (AP) — The chairman of Saudi National Bank resigned for “personal reasons” after his comments on Credit Suisse sent that firm's stock cratering, a regulatory filing in the kingdom said Monday.