National Business

Auction company Ritchie Bros says it has reached a deal to buy Euro Auctions for US$1.08 billion in cash as part of its international expansion strategy.

TORONTO — Barrick Gold Corp. expects to see only modest effects from rising inflation this year, said chief executive Mark Bristow. “There is some pressure, it depends on your outlook on the oil and gas prices," he said on an analyst call Monday.

WASHINGTON (AP) — The Pentagon will require members of the U.S. military to get the COVID-19 vaccine by Sept. 15, according to a memo obtained by The Associated Press.

TORONTO — Blackstone Real Estate Income Trust Inc. has signed a deal to buy WPT Industrial Real Estate Investment Trust in an all-cash deal valued at US$3.1 billion including debt.

BERLIN — Earth is getting so hot that temperatures in about a decade will probably blow past a level of warming that world leaders have sought to prevent, according to a report released Monday that the United Nations called a “code red for humanity.

QUEBEC — The founder and majority shareholder of Exfo Inc. has raised his offer to take the company private ahead of a shareholder vote this week. Exfo says Germain Lamonde is now offering US$6.

WASHINGTON (AP) — Senate Democrats unveiled a budget resolution Monday that maps $3.

TORONTO — Brookfield Asset Management Reinsurance Partners Ltd. has signed a deal to buy U.S. insurance company American National Group Inc. in an all-cash deal valued at US$5.1 billion.

CALGARY — Brookfield Infrastructure Partners LP has extended its takeover offer for Inter Pipeline Ltd. to Aug. 20. The company has offered $20 in cash or 0.

SEOUL, South Korea (AP) — South Korea will release billionaire Samsung scion Lee Jae-yong on parole this week after he spent 18 months in prison for his role in a massive corruption scandal that triggered nationwide protests and led to the ouster of