National Business

TORONTO — Blackstone Real Estate Income Trust Inc. says it has signed a deal to buy Simply Self Storage from a Brookfield Asset Management real estate fund for approximately US$1.2 billion.

TORONTO — Brookfield Business Partners LP has signed a deal to buy the remaining interest in Genworth MI Canada Inc. that it does not already own in an offer that values the company at about $3.8 billion.

BERLIN — German business confidence has declined for the first time after five straight monthly increases as coronavirus infections rebound across Europe, a closely watched survey showed Monday.

BEIJING — China's government said Monday it will impose sanctions on U.S. military contractors including Boeing Co.'s defence unit and Lockheed Martin Corp.

CANBERRA, Australia — Melbourne, Australia’s former coronavirus hot spot, will largely emerge from a lockdown after the nation’s second-largest city on Monday recorded its first day without a new coronavirus case in more than four months.

LONDON — While most music stars are rescheduling tour dates to 2021, Harry Styles is looking farther ahead and making plans to headline his own arena — one he’s putting his money and ideas into.

CALGARY — A surprise move by Cenovus Energy Inc. to buy rival Husky Energy Inc. for $3.8 billion in shares will create the third-largest Canadian oil and natural gas producer by total production, the companies announced Sunday.

SEOUL, Korea, Republic Of — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday.

SEOUL, Korea, Republic Of — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died. He was 78.

SAN FRANCISCO — Pacific Gas & Electric will cut power to over 1 million people on Sunday to prevent the chance of sparking wildfires as extreme fire weather returns to the region, the utility announced Friday.