Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Diesel prices hit record high in Washington as gasoline remains relatively stable
MOSES LAKE — Diesel prices in Washington reached a record high over the weekend, even as gasoline prices remained …
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…
Activists cite tabulation flaw in mail-in ballots in Georgia
Faulty software or poorly calibrated vote-tabulation scanners used to count mailed-in ballots in this week's chaotic Georgia primary may have prevented thousands of votes from being counted, election officials and …
Study warns of poverty surge to over 1 billion due to virus
LONDON (AP) — Global poverty is set to rise above 1 billion people once again as a result of the coronavirus pandemic, which is reducing the income of the world's poorest by $500 million a day, according to new res…
Asia Today: India's virus cases now 4th highest in world
NEW DELHI (AP) — India’s coronavirus caseload has become the fourth-largest in the world, overtaking Britain, by adding 10,956 new cases in yet another biggest single-day spike.
Federal Reserve tells Congress it will use 'full range of tools' to combat global pandemic
WASHINGTON (AP) — Federal Reserve tells Congress it will use 'full range of tools' to combat global pandemic.
Treasury chief refusing to disclose recipients of virus aid
WASHINGTON (AP) — Building ramparts of secrecy around a $600 billion-plus coronavirus aid program for small businesses, Treasury Secretary Steven Mnuchin has moved from delay to denial in refusing outright to discl…
US judge says he'll rule quickly on funding for tribes
FLAGSTAFF, Ariz. (AP) — A federal judge in the nation's capital said Friday he will work quickly to deliver a ruling in a case centered on who is eligible for coronavirus relief funding set aside for tribes.
Range Resources pleads no contest to environmental crimes
Range Resources Corp., Pennsylvania’s most active shale gas driller, has pleaded no contest to environmental crimes over its handling of contamination at a pair of well sites, the state attorney general’s office an…
The Latest: China has most new virus cases since mid-April
BEIJING — China is reporting its highest daily total of coronavirus cases in two months after the capital’s biggest wholesale food market was shut down following a resurgence in local infections.
AstraZeneca agrees to make COVID-19 vaccine for Europe
LONDON (AP) — Drugmaker AstraZeneca struck a deal Saturday to supply up to 400 million doses of an experimental COVID-19 vaccine to European Union countries, the latest in a series of agreements as scientists, gove…