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…
UK firms slash jobs to cope with outbreak's long term impact
LONDON (AP) — Companies linked to hospitality, travel and retail in Britain have announced thousands of more job cuts as the longer term consequences of the COVID-19 pandemic take hold, choosing to slim down for su…
Survey: Companies added 2.4 million jobs in June
WASHINGTON (AP) — U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves total employment far below its pre-pandemic levels.
Erdogan vows social media controls after insults to family
ANKARA, Turkey (AP) — Turkey’s president vowed Wednesday to tighten government control over social media following alleged insults directed at his daughter and son-in-law when they announced the birth of their four…
China takes measures against 4 US media companies
BEIJING (AP) — China has demanded staff and business information from four U.S. media companies including The Associated Press in what it called a necessary response to similar demands by Washington on Chinese stat…
Report: Volkswagen drops plans for new plant in Turkey
BERLIN (AP) — German automaker Volkswagen is dropping its plans for a new factory in Turkey in response to a drop in demand for new cars during the coronavirus pandemic, according to a media report Wednesday.
Italy seizes 14 tons of amphetamines, said to be IS-made
ROME (AP) — Italian police have seized 14 tons of amphetamines, allegedly produced in Syria by the Islamic State group to fund extremist activities and destined for the European illegal drug market.
China: US 'oppressing Chinese companies' in new Huawei move
BEIJING (AP) — China on Wednesday demanded Washington stop “oppressing Chinese companies” after U.S. regulators declared telecom equipment suppliers Huawei and ZTE to be national security threats.
Volvo Cars recalls nearly 2.1 million cars worldwide
COPENHAGEN, Denmark (AP) — Volvo Cars said Wednesday that it is recalling nearly 2.1 million vehicles worldwide as a preventive measure after the company discovered that a steel wire connected to the front seat bel…
Wirecard headquarters raided in probe of accounting scandal
BERLIN (AP) — Investigators searched the headquarters of German payment systems provider Wirecard and four other locations Wednesday as part of their probe of an accounting scandal that led to the arrest of the com…
German jobless rate edges up in June, millions in furlough
BERLIN (AP) — Germany's unemployment rate ticked higher in June, official figures showed Wednesday, but the rise was slower than in the previous two months and extensive use of a government-backed short-time work p…
Saudi shoppers rush to buy gold before taxes triple
JIDDAH, Saudi Arabia (AP) — Saudi shoppers have rushed to buy big-ticket items such as gold, appliances and electronics ahead of the announced tripling of taxes on basic goods on Wednesday as the government tries t…
Doctors urge GOP to halt Texas convention as virus surges
AUSTIN, Texas (AP) — As the Texas GOP presses ahead with plans for a July convention amid a surge in coronavirus cases, the state's largest medical group Tuesday urged the party to reconsider before Republican acti…
NY adds states to quarantine list, sends monitors to NYC
ALBANY, N.Y. (AP) — New York is urging travelers from eight additional states to self-quarantine for 14 days as it awaits a decision on the reopening of indoor dining in New York City.
UK allows e-scooter rentals to aid transport in pandemic
LONDON (AP) — Britain gave the green light Tuesday for trials of electric scooter rental programs, as authorities look for ways to help people get moving while maintaining distance and easing pressure on public tra…
Protests as currency slides, price of bread rises in Lebanon
BEIRUT (AP) — Protesters closed several major roads in the Lebanese capital Beirut on Tuesday amid rising anger as the currency hit a new record low on the black market, electricity cuts increased and the governmen…