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…
Merkel: Germany 'can afford' more debt to fund EU recovery
BERLIN (AP) — German Chancellor Angela Merkel says her country can afford to take more more debt to help fund an unprecedented economic recovery program for the European Union, because it's in Germany's own interes…
Climate activists disrupt reopening of Paris' Orly Airport
PARIS (AP) — Twenty-nine environmental activists were arrested Friday after breaking onto a runway of Paris’ Orly Airport to protest plane emissions — just hours after the airport reopened for the first time since …
Greek, Turkish leaders speak after months of tension
ATHENS, Greece (AP) — The leaders of Greece and Turkey spoke by phone Friday, the prime minister’s office says, after months of increasing tension between the two countries.
Greece mulls damages claim over drugmaker bribe scandal
ATHENS, Greece (AP) — Greece’s government said Friday that it is planning to seek damages from Swiss drugmaker Novartis following a settlement in the United States over bribery allegations.
ASEAN tackles emergency virus fund, sea feud in video summit
HANOI, Vietnam (AP) — Southeast Asian leaders held their annual summit by video Friday to show unity and discuss a regional emergency fund to respond to the immense crisis brought by the coronavirus pandemic. Long-…
US consumer spending up 8.2%, partly erasing record plunge
WASHINGTON (AP) — American consumers increased their spending by a record 8.2% in May, partly erasing huge plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest…
US consumer spending jumped 8.2% in May in partial rebound from record drop, but economy is still seen as shrinking
WASHINGTON (AP) — US consumer spending jumped 8.2% in May in partial rebound from record drop, but economy is still seen as shrinking.
UK tour operator scraps Florida visits over Disney measures
LONDON (AP) — Europe’s biggest travel and tourism company, TUI, is cancelling all holidays to Florida from the U.K. until December following the introduction of new hygiene rules at Walt Disney World Resort, includ…
Tensions rise at virus hot spot apartments in southern Italy
MONDRAGONE, Italy (AP) — The governor of a southern Italian region insisted on Friday that residents of an apartment complex quarantine inside for 15 days, not even venturing out to buy food, after dozens of COVID-…
Dutch minister throws carrier KLM 3.4 billion euro lifeline
THE HAGUE, Netherlands (AP) — The Dutch government announced Friday that it will throw national carrier KLM a 3.4 billion-euro ($3.81 billion) lifeline to help the airline survive the aviation slump caused by the c…
California approves 1st-in-US electric truck sales rule
SACRAMENTO, Calif. (AP) — California regulators approved new rules on Thursday that would force automakers to sell more electric work trucks and delivery vans, a first-of-its-kind rule aimed at helping the nation’s…
Governors who quickly reopened backpedal as virus surges
AUSTIN, Texas (AP) — When Texas began lifting coronavirus restrictions, Republican Gov. Greg Abbott didn't wear a mask. He wouldn't let mayors enact extra precautions during one of America's swiftest efforts to reo…
Texas putting reopening on 'pause' as virus cases soar
AUSTIN, Texas (AP) — Faced with surging coronavirus cases and hospitalizations that have made Texas one of the nation's virus hotspots, Gov. Greg Abbott on Thursday halted elective surgeries in the state's biggest …
US GDP fell at 5.0% rate in Q1; worse is likely on the way
WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter and a vastly worse performance is expected in the current three-month period, when the coronavirus pandemic began to spread across the U…
US job market's modest improvement may be stalling
WASHINGTON (AP) — The number of laid-off workers seeking U.S. unemployment aid barely fell last week, and the reopening of small businesses has leveled off — evidence that the job market's gains may have stalled ju…