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…
Resurgence of virus threatens South Korea's success story
SEOUL, South Korea (AP) — Just weeks ago, South Korea was celebrating its hard-won gains against the coronavirus, easing social distancing, reopening schools and promoting a tech-driven anti-virus campaign Presiden…
Asia shares drop after Wall Street rout as virus cases rise
Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S.
Japan court backs Karpeles conviction for data manipulation
TOKYO (AP) — A Japanese high court on Thursday upheld a lower court’s decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipu…
Pop open a bottle, California wine tasting rooms reopening
SAN DIEGO (AP) — California wineries started uncorking their bottles and welcoming people back to their tasting rooms Friday as the state's $145 billion tourism industry gears up with hotels, zoos, museums and aqua…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for July delivery fell 8 cents to settle at $36.26 a barrel Friday. Brent crude oil for August delivery rose 18 cents to $38.73 a barrel.
Virus deepens Argentina's economic crisis as poverty soars
BUENOS AIRES, Argentina (AP) — As they wait out quarantine in a cramped, windowless room, Natividad Benítez brings her six children all of their meals from the soup kitchen where she earns $133 a month, barely enou…
Lebanese take to the streets as currency hits a new low
BEIRUT (AP) — Hundreds of Lebanese poured into the streets to protest the tumbling of the national currency to a new low against the dollar Thursday, blocking roads and highways in several places across the small c…
How major US stock indexes fared Friday
Stocks ended another bumpy day on Wall Street with solid gains Friday, but the market still finished with its worst week in nearly three months.
Fed says 'full range of tools' in play to counter pandemic
WASHINGTON (AP) — The Federal Reserve is promising to use its “full range of tools” to pull the country out of a recession brought on by a global pandemic, signaling that it would keep interest rates low through 20…
German Cabinet clears way for temporary sales tax cut
BERLIN (AP) — Germany’s Cabinet has approved a temporary cut in value-added tax starting next month in a bid to boost consumer demand in Europe’s biggest economy, a centerpiece of the country’s 130 billion-euro ($1…
Lebanese fear currency will further tumble despite promises
BEIRUT (AP) — For months, Kamal Nasser, a successful plumbing contractor in Lebanon, has seen his business base erode.
UK economy shrinks 20% in a month to fall back to 2002 level
LONDON (AP) — The British economy has seen nearly two decades worth of growth wiped out as a result of the lockdown measures put in place during the coronavirus pandemic.
Airlines launch legal action against UK quarantine policy
LONDON (AP) —
The Latest: South Korea capital adds more coronavirus cases
SEOUL, South Korea — South Korea has reported 49 new coronavirus cases.
Bulgaria steps in to help bank as it eyes eurozone accession
SOFIA, Bulgaria (AP) — Bulgaria’s government is stepping in to guarantee 70% of the capital increase of a private bank, a move meant to facilitate the country's accession to the EU banking union and to start the tw…