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…
Lufthansa warns 22,000 jobs at risk despite bailout
BERLIN (AP) — German airline Lufthansa says 22,000 full-time jobs may need to be cut worldwide due to the drop in demand for flights caused by the coronavirus pandemic.
Mexico labor lawyer to be held pending trial on riot charges
MEXICO CITY (AP) — A judge has ordered a labor lawyer jailed pending trial on charges that prosecutors say stem from a protest this year and not from her leadership of strikes last year that won higher pay for work…
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…
US wholesale prices edge up 0.4% in May led by gains in both food and energy
WASHINGTON (AP) — US wholesale prices edge up 0.4% in May led by gains in both food and energy.
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.
Spanish award honors Turkish economist wary of globalization
MADRID (AP) — Turkish economist Dani Rodrik, whose studies have warned about the flip side of economic globalization, will be this year’s recipient of the Princess of Asturias Social Sciences Award, Spanish organiz…
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…
Pack swimsuit, mask, California welcomes back tourists
SAN DIEGO (AP) — There will be no packed double-decker safari buses with tour guides rolling through the San Diego Zoo, nor animal shows that draw crowds — nor breakfast buffets at hotels.
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…
High level EU-UK talks set for Monday as new deadline looms
BRUSSELS (AP) — British Prime Minister Boris Johnson will hold talks with top European Union officials on Monday to try to push forward trade discussions after post-Brexit negotiations ended last week with little s…
Dow loses 1,800, almost 7%, as an increase in coronavirus cases punctures optimism that the economy can recover quickly
NEW YORK (AP) — Dow loses 1,800, almost 7%, as an increase in coronavirus cases punctures optimism that the economy can recover quickly.
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…
1.5 million more laid-off workers seek unemployment benefits
WASHINGTON (AP) — About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering wi…
Business Highlights
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Meatpacking rebounds but high prices and backlogs to persist
OMAHA, Neb. (AP) — Meat production has rebounded from its low point during the coronavirus pandemic when dozens of plants were closed, but experts say consumer prices are likely to remain high and it will take mont…