National Business

TORONTO — Jonathan Hillis is on the hunt for money. Over the next few months, the Toronto entrepreneur wants to raise a $1 million pre-seed round for Payd, a student card app he founded, followed by a seed round between $3 million and $4 million.

BERLIN (AP) — The German government will take a roughly 30% stake in energy supplier Uniper as part of a rescue package prompted by surging prices for natural gas and reduced Russian deliveries , the company and Chancellor Olaf Scholz said Friday.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,062.85, up 42.18 points.) Royal Bank of Canada (TSX:RY). Financials. Up 38 cents, or 0.3 per cent, to $124.08 on 9.4 million shares.

ROME (AP) — Italy is headed for an early election after its president accepted Premier Mario Draghi's resignation Thursday and decided there was no possibility for cobbling together another government following the rapid collapse of the ruling coalit

COLOMBO, Sri Lanka (AP) — Veteran politician Ranil Wickremesinghe was sworn in as Sri Lanka's new president Thursday to take charge of a nation bitterly angry that he will remain in power amid an unprecedented economic crisis.

TORONTO — North American stock markets continued their July recoveries despite early pressure Thursday from lower crude oil prices and Europe's central bank raising interest rates for the first time in 11 years.

DETROIT (AP) — The FBI found no evidence of missing Teamsters boss Jimmy Hoffa during a search of land under a New Jersey bridge, a spokeswoman said Thursday.

NEW YORK — Stocks ended higher on Wall Street Thursday, building on their winning week. The gains came amid a deluge of news about the economy, interest rates and corporate profits.

You'll need to be making more than $220,000 to buy a home in Toronto and Vancouver with a 20 per cent down payment, according to new data from Ratehub.ca.

ANKARA, Turkey (AP) — Turkish officials say a deal on a U.N. plan to unblock the exports of Ukrainian grain amid the war and to allow Russia to export grain and fertilizers will be signed Friday in Istanbul.