National Business

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

NEW YORK (AP) — Moviegoing, once expected to be closer to semi-normal levels by now, continues to be battered by the pandemic, the delta variant of the coronavirus and in-home streaming.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Freshii results: Freshii Inc. will release Q2 results on Tuesday.

DUBAI, United Arab Emirates (AP) — Saudi Arabia's oil-producing company, Aramco, announced Sunday a net income of around $47 billion for the first half of the year, double what it earned in the same period last year when the coronavirus grounded trav