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…
Toyota recalls gas-electric hybrids for engine stall problem
DETROIT (AP) — Toyota is recalling about 752,000 gas-electric hybrid vehicles worldwide because the engines can lose power and stall.
Racial equality groups grapple with surge in donations
NEW YORK (AP) — A flood of donations following the death of George Floyd have left racial equality and social justice groups in a position they might never have expected to be in: figuring out what to do with a sur…
GNC files for Ch. 11 bankruptcy protection, Ugg in demand
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of t…
Braidy Industries hires new CEO to oversee mill project
FRANKFORT, Ky. (AP) — An aluminum company planning to build a $1.7 billion plant in Appalachia has hired a longtime metals industry executive as its CEO as it tries to complete financing for the massive mill projec…
IMF says initial deal reached with Sudan to reform economy
CAIRO (AP) — The International Monetary Fund said Wednesday it reached an initial agreement with Sudan’s transitional government on a reform deal to help the African nation face daunting economic challenges that th…
Croatia sets border restrictions for other Balkan countries
ZAGREB, Croatia (AP) — Croatia on Wednesday announced border restrictions for the citizens of several other Balkan countries after a spike in cases of the coronavirus and an outbreak at an exhibition tennis tournam…
Virus pummels commercial real estate, could end long boom
NEW YORK (AP) — Americans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices and storefronts and potentially end a long boom in th…
IMF downgrades outlook for global economy in face of virus
WASHINGTON (AP) — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months a…
Greece slams Turkey's actions in Aegean, eastern Med
ATHENS, Greece (AP) — Greece’s foreign minister accused Turkey on Wednesday of undermining stability and security in the eastern Mediterranean and causing problems with all of its neighbors, while also violating Gr…
US agency probes touch-screen failures in Tesla Model S
DETROIT (AP) — Complaints that Tesla's giant touch screens can fail have drawn the attention of U.S. safety regulators.
Cambodia to provide cash to poor hit by COVID-19 outbreak
PHNOM PENH, Cambodia (AP) — Cambodia has established a program to give cash handouts to the country’s poorest households to alleviate the financial burden caused by the coronavirus.
Detroit police challenged over face recognition flaws, bias
A Black man who was wrongfully arrested when facial recognition technology mistakenly identified him as a suspected shoplifter wants Detroit police to apologize — and to end their use of the controversial technolog…
German state governor faces criticism over virus outbreak
GUETERSLOH, Germany (AP) — Authorities in Germany’s most populous state faced criticism Wednesday over their handling of a major coronavirus outbreak at a slaughterhouse that triggered a regional lockdown and saw r…
Global shares turn lower as coronavirus cases surge
TOKYO (AP) — Global stock markets turned lower on Wednesday amid fears over surging coronavirus cases in various parts of the world.
Croatia mulls border restrictions for other Balkan countries
ZAGREB, Croatia (AP) — Croatia on Wednesday was mulling whether to partially restore border restrictions for the citizens of several other Balkan countries after a spike in cases of the coronavirus and an outbreak …