National Business

NEW YORK — Stocks closed lower on Wall Street as investors brace for higher interest rates from central banks to fight inflation. The S&P 500 lost 0.9% Monday, the tech-heavy Nasdaq composite lost 1.5% and the Dow Jones Industrial Average fell 0.

Millions of Twitter users asked Elon Musk to step down as the head of Twitter in a poll the billionaire created and promised to abide by. But Monday afternoon there was no word on whether Musk would step aside or who the new leader might be.

BRUSSELS (AP) — European Union ministers on Monday finalized a long-awaited deal to implement a natural gas price cap that they hope will help households and businesses better weather excessive price surges.

Foodtastic Inc. has signed its second acquisition deal in a month as the restaurant franchisor pursues an ambitious plan to grow its portfolio and boost sales.

CALGARY — TC Energy Inc. says upcoming cold weather has the potential to slow the recovery of the oil spilled from its Keystone pipeline leak in Kansas. The company says it has recovered an estimated 7,233 barrels of oil from a creek as of 5 p.m.

DETROIT (AP) — Stellantis and U.S. safety regulators have confirmed that an exploding Takata air bag inflator has killed another driver.

OTTAWA — Statistics Canada says the number of job vacancies fell in the third quarter after reaching a record high in the second quarter.

TORONTO — Since netting a Michelin star earlier this year, Vancouver's Québécois-themed bistro St. Lawrence has been especially busy, with its chef crediting robust bookings to the confluence of extra buzz and the annual crush of holiday revellers.

MARKHAM, Ont. — Enghouse Systems Ltd. has signed a deal to buy Qumu Corp., a provider of cloud-based enterprise video technology, for US$18 million. Under the agreement, Enghouse will pay 90 cents US per share in cash for the company.

LONDON (AP) — The European Union on Monday accused Facebook parent Meta of breaching the bloc's antitrust rules by distorting competition in the online classified ads business.