National Business

TORONTO — Furniture retailer Ikea has announced the appointment of Selwyn Crittendon as the new Ikea Canada chief executive and chief sustainability officer effective Aug. 1.

WASHINGTON (AP) — U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation. Employers posted 10.1 million job openings last month, up from 9.

TORONTO — Canada's venture capitalists settled into a new normal marked by fewer and more cautious investments last year — and a new report suggests the pattern will continue.

VATICAN CITY (AP) — The Vatican is seeking clarity after the former director of its U.S.

WELLINGTON, New Zealand (AP) — New Zealand's national airline is asking passengers to step on the scales before they board international flights.

WINNIPEG — Great-West Lifeco Inc. has signed a deal to sell U.S.-based asset manager Putnam Investments to Franklin Resources Inc. and agreed to a strategic partnership.

MONTREAL — CAE Inc. reported its fourth-quarter profit rose compared with a year ago as its revenue climbed more than 30 per cent. The flight simulator company says it earned net income attributable to equity holders of $98.

MONTREAL — National Bank of Canada raised its quarterly dividend and reported its second-quarter profit fell compared with a year ago as it faced higher non-interest expenses and increased provisions for bad loans.

TORONTO — On the heels of the sale of Freedom Mobile, labour union Teamsters Canada said retail and call centre employees at the telecom company are interested in unionization. As a condition of the merger between Rogers Communications Inc.

BEIJING (AP) — China’s ruling Communist Party has warned of the risks posed by advances in artificial intelligence while calling for heightened national security measures.