National Business

WASHINGTON (AP) — Prices for U.S. homes rose faster in May than they have in 17 years as surging demand for housing outstripped the supply.

Walt Disney Co. is expected to close most of its Canadian stores this summer as part of the company's broader plan to focus on its e-commerce business and reduce its brick-and-mortar footprint.

TOKYO (AP) — Japan's capital, Tokyo, reported its highest number of new coronavirus infections on Tuesday, days after the Olympics began.

BERLIN (AP) — An explosion at an industrial park for chemical companies in Germany killed at least one person Tuesday, with 16 injured and four still missing.

SEOUL, South Korea (AP) — North and South Korea exchanged messages Tuesday in communication channels that have been dormant for more than a year and agreed to improve ties — positive steps but ones that still leave any resumption of stalled negotiati

VANCOUVER — Teck Resources Ltd. missed expectations despite posting much stronger second-quarter results, with revenues more than doubling amid improving market conditions.

GILLETTE, Wyo. (AP) — Retired Sen. Mike Enzi, a Wyoming Republican known as a consensus-builder in an increasingly polarized Washington, has died. He was 77.

CALGARY — WestJet Airlines has expanded an existing code-share agreement with KLM Royal Dutch Airlines.

CALGARY — Brookfield Asset Management Inc. says it has closed a deal to acquire the remaining stake in Brookfield Property Partners.

HALIFAX — New data from Statistics Canada shows that while youth unemployment has risen during the COVID-19 pandemic, finding full-time work has been increasingly precarious since the late 1980s.