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…
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…
US wholesale prices rise 0.4% in May led by food and energy
WASHINGTON (AP) — U.S. wholesale prices rose 0.4% in May, led by a gains in the cost of food and energy.
1.5 million laid-off workers seek US jobless aid, a 10th straight weekly decline, as more businesses reopen
WASHINGTON (AP) — 1.5 million laid-off workers seek US jobless aid, a 10th straight weekly decline, as more businesses reopen.
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.
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.
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…
Moderna on track for large COVID-19 vaccine test in July
The first experimental COVID-19 vaccine in the U.S. is on track to begin a huge study next month to prove if it really can fend off the coronavirus, its manufacturer announced Thursday — a long-awaited step in the
Germany seeks 'stable' ties with China, EU investment deal
BERLIN (AP) — German Chancellor Angela Merkel says her country wants stable relations with China and greater access to the Chinese market for foreign companies.
Japan wants US to extradite Americans who helped Ghosn flee
TOKYO (AP) — A Japanese prosecutor on Thursday urged the U.S. to extradite two Americans accused of helping Nissan’s former chairman, Carlos Ghosn, flee the country while he was out on bail.
China auto sales up 14.5% in May, recovering after pandemic
HONG KONG (AP) — China’s auto sales surged 14.5% in May, a second straight month of growth as the global industry’s biggest market gradually recovers from the coronavirus pandemic.
Unilever to place HQ in UK, ending Anglo-Dutch structure
LONDON (AP) — Consumer goods giant Unilever says it will end its Anglo-Dutch corporate structure and be based in London, backing away from a proposal two years ago to move to the Netherlands.
UK gas supplier Centrica to cut 5,000 jobs
LONDON (AP) — Centrica, which owns British Gas, is cutting 5,000 jobs as it restructures.
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…
Fed says it will keep buying bonds to hold down longer-term borrowing rates and foresees no rate hike through 2022
WASHINGTON (AP) — Fed says it will keep buying bonds to hold down longer-term borrowing rates and foresees no rate hike through 2022.
PG&E overhauls its board again as part of bankruptcy promise
SAN RAMON, Calif. (AP) — Pacific Gas and Electric on Wednesday announced the latest overhaul of its board of directors in another step toward the nation's largest utility ending its bankruptcy.