National Business

CALGARY — A move by the U.S.

WASHINGTON (AP) — Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on rising home prices.

TORONTO — An Australian company says it plans to make a takeover offer for Ring of Fire developer Noront Resources Ltd. that values the Canadian company at about $133 million. Wyloo Metals Pty Ltd. says it will offer 31.

SILVER SPRING, Md. (AP) — Consumer confidence ticked down slightly in May but remains nearly as high as its been since the pandemic began. The Conference Board reported Tuesday that its consumer confidence index fell to 117.2 from April's 117.

MILAN (AP) — Milan Fashion Week will remain mostly digital for menswear previews in June, with just three fashion houses opting to host guests in their showrooms as international travel just begins to resume amid the lifting of coronavirus restrictio

SAULT STE. MARIE, Ont. — The Canadian parent company of privately held Algoma Steel Inc. has signed a deal to be acquired by a U.S. special purpose acquisition company in a move that will see the Ontario steelmaker become a publicly listed company.

BERLIN (AP) — Staff at a logistics company in Germany threw cocaine with a street value of up to 1 million euros ($1.

BRUSSELS (AP) — The European Union agreed Monday to impose sanctions on Belarus, including banning its airlines from using the airspace and airports of the 27-nation bloc, amid fury over the forced diversion of a passenger jet to arrest an opposition

NEW YORK (AP) — Dan Frank, a revered and longtime editor at Pantheon Books who worked with such prize-winning authors as Cormac McCarthy, Oliver Sacks and Jill Lepore, died Monday at age 67.

PORTLAND, Ore. (AP) — A federal judge has granted a temporary restraining order that allows a talented 15-year-old player who already trains with professionals to sign with a National Women's Soccer League team. The order issued Monday by U.S.