Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Fuel prices slightly elevated this week
MOSES LAKE — After weeks of steady increases, fuel prices across Washington and the nation largely held steady thi…
Lebanese major retailers to shut down amid economic crisis
BEIRUT (AP) — Major retailers in Lebanon announced on Thursday they will temporarily shut down in the face of an increasingly volatile currency market and their inability to set prices while the Lebanese pound plun…
British judge denies Maduro Venezuela's gold in London bank
LONDON (AP) — A British judge on Thursday refused to give Venezuela's Nicolás Maduro control of nearly $2 billion in gold sitting in a Bank of England vault because Britain does not recognize the socialist leader a…
California reverses course from reopening amid virus surge
SACRAMENTO, Calif. (AP) — It was a simple family get-together; a wedding gathering. About 30 people went out to dinner.
Alaska Airlines secures loans; casinos in NJ reopening
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of th…
To stop parties, Airbnb won't let some guests book homes
Airbnb will ban some younger U.S. guests from booking homes in their area as part of a continuing effort to crack down on unauthorized parties.
Shipyard hiring temporary workers; mediation next week
PORTLAND, Maine (AP) — With more than 4,000 workers on strike, Navy shipbuilder Bath Iron Works plans to bring in more subcontractors to join management and existing contractors to try to avoid falling further behi…
Ukraine's central banker chief steps down citing pressure
KYIV, Ukraine (AP) — Ukraine's president on Thursday accepted the resignation of the country's top banker, who has complained of political pressure.
India to buy 33 Russian fighter aircraft for $2.43 billion
NEW DELHI (AP) — India’s defense ministry on Thursday approved the purchase of 21 Russian MiG-29 and 12 Sukhoi Su-30MKI fighter aircraft costing $2.43 billion to augment its air force as the country faces security …
US long-term mortgage rates hit all-time low again
SILVER SPRING, Md. (AP) — Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever.
US unemployment falls to 11%, but new shutdowns are underway
WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round…
Post-Brexit talks deadlocked after latest negotiating round
BRUSSELS (AP) — EU and U.K. negotiators in charge of finding a post-Brexit compromise resumed in-person talks this week, but the result remained the same, with no progress achieved on a range of key issues preventi…
Court could end claims Nestle, Cargill abetted child labor
WASHINGTON (AP) — The Supreme Court will consider ending a lawsuit that claims Nestle and Cargill facilitated the use of child slave labor on cocoa farms in
American and 4 other airlines reach loan agreements with US
DALLAS (AP) — American Airlines and four smaller carriers have reached agreement with the government for billions more in federal loans, a sign of the industry’s desperate fight to survive a downturn in air travel …
Social media companies face revenue hit from boycotts
Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue.
US trade deficit rises 9.7% in May to $54.6 billion
WASHINGTON (AP) — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce.