National Business

TORONTO — An open letter from a group of Canada's top executives urged other business leaders across the country to make slowing the spread of COVID-19 their "singular objective.

CALGARY — Crescent Point Energy Corp. is cutting its capital spending plan by about 35 per cent and slashing is dividend due the recent drop in commodity prices. The company says its now plans $700 million to $800 million in capital spending.

BEIJING — Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel.

Toronto's five prominent sports organizations have teamed together to create a special assistance fund for event staff affected by the suspension of all major sports in the city.

ROME — Daily life came to a grinding halt around much of the world Sunday amid new travel restrictions, border shutdowns and sweeping closures of restaurants and bars aimed at slowing the spread of the coronavirus pandemic.

CALGARY — The company that owns the Calgary Flames is reversing course, saying it will help part-time event staff who will be underemployed during the suspension of the NHL season.

TORONTO — Premier Doug Ford's office says the government is drafting legislation that would remove employers' ability to require sick notes for people in self-isolation or quarantine.

MADRID — Spain's King Felipe VI has renounced any future personal inheritance he could receive from his father, King Emerit Juan Carlos I, over the alleged financial irregularities involving the former monarch, the country's royal house announced Sun

NEW YORK — Ticket sales plunged to their lowest levels in at least 20 years at North American movie theatres as the coronavirus pandemic led to one of Hollywood's worst weekends at the box office. Receipts totalled about $55.3 million in U.S.

DUBAI, United Arab Emirates — Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic.