Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Horizon employees give back to community
MOSES LAKE — The team at Horizon Credit Union took some time away from the office Tuesday to tackle a different li…
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…
UAW, prosecutor consider a monitor for avoiding corruption
DETROIT (AP) — A federal prosecutor and the United Auto Workers president are looking at using an independent monitor to make sure that a wide-ranging union corruption scandal never happens again.
Mnuchin says hardest-hit businesses should be next aid focus
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin told Congress on Tuesday that the administration wants the next round of economic aid to focus supporting businesses like restaurants that have been hardest hit b…
Mexico's legacy airline Aeromexico files for bankruptcy
MEXICO CITY (AP) — Mexico’s oldest legacy airline, Aeromexico, said Tuesday it has filed for Chapter 11 reorganization, a form of bankruptcy in which the carrier can keep operating while its debts and obligations a…
Shell takes $22 billion hit on lower oil, gas prices
LONDON (AP) — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic.
Appeals court panel weighs Wilmington Trust convictions
DOVER, Del. (AP) — Attorneys representing former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program have asked a federal appeals court panel t…