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…
India seizes $180M in jewels from fugitive diamond merchants
NEW DELHI (AP) — Indian authorities have seized diamonds, pearls and silver jewelry worth millions of dollars as part of an investigation of a fugitive diamond merchant who is being held in London while fighting hi…
Arizona hospitals at 83% capacity, elective surgery may stop
GLENDALE, Ariz. (AP) — Arizona hospitals that are expected to be able to treat new cases of coronavirus without going into crisis mode were above 80% capacity, a milestone that should trigger an automatic stop to e…
Russia detains managers of plant that spilled fuel in Arctic
MOSCOW (AP) — Russian authorities have detained three top managers of an Arctic power plant that leaked 20,000 tons of diesel fuel into the ecologically fragile region.
How major US stock indexes fared Wednesday
Stocks ended a bumpy day mostly lower Wednesday despite assurances from the Federal Reserve that it would keep interest rates low through 2022 and would continue buying bonds to help markets function smoothly.
German government agrees on national hydrogen strategy
BERLIN (AP) — The German government agreed Wednesday on a long-term strategy for increasing production and use of hydrogen as part of a plan to cut the country’s greenhouse gas emissions.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for July delivery fell $3.26 to settle at $36.34 a barrel Thursday. Brent crude oil for August delivery fell $3.18 to $38.55 a barrel.
A $3.6 billion mall deal goes up on smoke, the second major deal signed just before pandemic to go bust as retail quakes
NEW YORK (AP) — A $3.6 billion mall deal goes up on smoke, the second major deal signed just before pandemic to go bust as retail quakes.
Google quietly rolls out test version of Android upgrade
SAN RAMON, Calif. (AP) — Google has released a test version of its annual upgrade to its Android software without the usual fanfare heralding the latest operating system powering most smartphones.
The Latest: SKorea reports 45 new COVID cases, most in Seoul
SEOUL, South Korea — South Korea is reporting 45 new cases of COVID-19, all but two of them in the capital region, continuing a weekslong resurgence that health authorities fear could develop into a huge wave.
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Cyprus tightens rules for passport-for-cash scheme
NICOSIA, Cyprus (AP) — Cyprus says it is introducing tougher anti-money laundering checks in its “golden passports” program, under which it gives citizenship to foreigners who invest large sums in the east Mediterr…
Buyer's remorse: Mall deal implodes as virus shakes retail
NEW YORK (AP) — The nation’s largest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry.
Asian shares slide after Wall Street retreat
TOKYO (AP) — Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022.
'We need help': Small cities face fiscal calamity from virus
ALLENTOWN, Pa. (AP) — Unfilled potholes, uncollected trash, unmown grass and, most significantly, fewer police on the street are some of what Allentown says it’s contemplating unless Washington helps it plug a mult…
Fed to keep providing aid and sees no rate hike through 2022
WASHINGTON (AP) — Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signaled Wednesday that it expects to keep its key short-term interest rate near zero through 2022.