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…
Indonesia surpasses 50,000 virus cases as business resumes
JAKARTA, Indonesia (AP) — The number of coronavirus cases in Indonesia surpassed 50,000 on Thursday, an increase that is worrying experts at a time when the government is allowing businesses to reopen amid increasi…
US economy shrank at 5.0% rate in Q1; a much worse drop expected in current quarter due to pandemic
WASHINGTON (AP) — US economy shrank at 5.0% rate in Q1; a much worse drop expected in current quarter due to pandemic.
1.48 million laid-off workers seek US jobless aid, a 12th straight weekly drop, even as virus threat intensifies
WASHINGTON (AP) — 1.48 million laid-off workers seek US jobless aid, a 12th straight weekly drop, even as virus threat intensifies.
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…
Google to start paying some news publishers for content
LONDON (AP) — Google says it will start paying some publishers for their news content, in a move that could pave the way for reduced tensions between the internet search giant and the beleagured news industry.
Pakistan to ground 150 pilots for cheating to get licenses
ISLAMABAD (AP) — Pakistan’s state-run airline said Thursday it will ground 150 pilots, accusing them of obtaining licenses by having others take exams for them, an accusation that followed a probe into last month’s…
SoftBank's Son leaves Alibaba board following Ma's departure
TOKYO (AP) — Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba.
Spain puts forth candidate to lead powerful eurozone group
BRUSSELS (AP) — Spain on Thursday nominated Economy Minister Nadia Calviño to be the next head of the Eurogroup, an unofficial but powerful body that oversees the financial policies of the 19 nations using Europe’s…
Lufthansa shareholders to vote on German rescue package
FRANKFURT, Germany (AP) — Lufthansa's board chairman urged shareholders to let the government take a stake in the company through a 9 billion-euro ($11 billion) rescue package, saying the alternative was bankruptcy…
UK's Royal Mail to slash 2,000 jobs in pandemic cost-cutting
LONDON (AP) — Royal Mail, the British postal service, is to slash 2,000 management jobs as part of an overhaul of its operations due to the coronavirus pandemic.
Trump returns to a changed Wisconsin to shore up support
MADISON, Wis. (AP) — The last time President Donald Trump visited Wisconsin he staged a raucous rally at an arena in downtown Milwaukee.
Wirecard goes bust as scandal puts focus on German oversight
FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of frau…
German company Wirecard files for insolvency following accounting scandal
BERLIN (AP) — German company Wirecard files for insolvency following accounting scandal.
California voters to decide fate of affirmative action ban
SACRAMENTO, Calif. (AP) — California's 1996 ban on affirmative action policies will be tested at ballot box in November as voters will decide whether governments and public colleges and universities can consider ra…
How major US stock indexes fared Wednesday
Stocks slumped on Wall Street Wednesday after new coronavirus cases in the U.S. hit their highest level in two months, renewing worries that the economy may take longer to bounce back than investors had hoped.