National Business

DUBAI, United Arab Emirates (AP) — Qatar Airways says it has grounded 13 Airbus A350s over degradation of the plane's fuselage. Qatar Airways made the announcement on Thursday, further escalating a monthslong dispute with the European airplane maker.

TORONTO — Manulife Financial Corp. beat expectations as its net profit surged in the second quarter to $2.6 billion on continued growth in Asia and strong contributions from wealth and asset management.

MISSISSAUGA, Ont. — Maple Leaf Foods. Inc. says it expects its meat protein business margins and plant-based foods revenue growth to make a full recovery in the second half of 2021 as it reported a plunge in its second quarter net profit.

TEL AVIV, Israel (AP) — Israel on Thursday escalated its response to rocket attacks the previous day from Lebanon by launching rare airstrikes on its northern neighbor, the army and Lebanese officials said.

MONTREAL — Bombardier Inc. is raising its 2021 guidance after reporting improved financial results in the second quarter.

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000 more evidence that the economy and the job market are rebounding briskly from the coronavirus recession.

The Toronto Regional Real Estate Board says housing demand in July dropped compared to the previous year, but still remains above average for the season in 2021. The board says nearly 9,400 home sales were reported in July, down 14.

TOKYO (AP) — Tokyo reported 5,042 new daily coronavirus cases on Thursday, hitting a record since the pandemic began as the infections surge in the Japanese capital hosting the Olympics. The additional cases brought the total for Tokyo to 236,138.

TORONTO — A government working group on so-called open banking recommends that a regulated system for sharing personal financial data with third parties like robo-advisors and budgeting apps be put in place by 2023.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,329.73, down 36.12 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Down 73 cents or 6.93 per cent, to $9.80 on 7.1 million shares.