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…
EU rejects any US attempt to invoke Iran nuclear deal
BRUSSELS (AP) — The European Union’s top diplomat said Tuesday that since the United States has already withdrawn from an international agreement curbing Iran’s nuclear ambitions, it can't now use its former member…
Wall Street hits the brakes after strong, weekslong rally
Wall Street hit the brakes Tuesday, a day after its remarkable, weekslong rally brought the S&P 500 back to positive for the year and the Nasdaq to a record high.
Millennial Money: How to stand out in this tough job market
Dear Class of 2020: You are graduating into one of the worst economies in history. But this isn’t news to you. Many of you have already felt the impact, with summer internships and full-time job offers pulled out f…
France announces $16.9 billion in aid for aviation industry
PARIS (AP) — France’s government is pumping 15 billion euros ($16.9 billion) in rescue money into the pandemic-battered aerospace industry, in hopes of saving its hundreds of thousands of jobs and keeping plane mak…
Portugal finance chief and eurogroup chair quits government
LISBON, Portugal (AP) — Portuguese Finance Minister Mario Centeno is stepping down from the government, though the prime minister insisted Tuesday that his policies of fiscal restraint and budget discipline will re…
EU urged to act against pesticides to fight insect decline
BRUSSELS (AP) — Environmental groups are urging the European Union to take drastic action to protect insects, saying in a report Tuesday that more than 40% of the world’s insect species are in decline because of pe…
Ireland bans hosepipe use as dry spring parches Emerald Isle
LONDON (AP) — Irish authorities have imposed a six-week garden-hose ban after the country renowned for rainy weather experienced one of the driest springs on record and demand surged during the coronavirus lockdown.
Czech Senate speaker plans to visit Taiwan, angering China
PRAGUE (AP) — The speaker of the Czech Republic's Senate announced Tuesday he will visit Taiwan despite warnings from China and a recommendation from his own government that he not take the trip.
Libya’s oil company says largest oil field shut down again
CAIRO (AP) — A unit affiliated with Libya’s east-based forces that have been trying to capture Tripoli but are now on the retreat, ordered the country's largest oil field to halt work just hours after it restarted …
Hong Kong OKs $5 billion bailout for Cathay Pacific Airways
HONG KONG (AP) — Financially battered Hong Kong airline Cathay Pacific Airways has become the latest airline to resort to government support to survive the coronavirus pandemic.
Malaysian prosecutors drop second high-profile graft case
KUALA LUMPUR, Malaysia (AP) — Malaysian prosecutors on Tuesday dropped 46 corruption charges against a former state leader, the second high-profile graft case to be dismissed since a new government took over in Mar…
A US recession began in February in the face of coronavirus
WASHINGTON (AP) — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record.
Energy company BP says it plans to cut 10,000 jobs from its global workforce amid the COVID-19 pandemic
LONDON (AP) — Energy company BP says it plans to cut 10,000 jobs from its global workforce amid the COVID-19 pandemic.
BP to cut 10,000 jobs worldwide amid virus pandemic
LONDON (AP) — Oil and gas company BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the energy industry.
Gilead, Thor rise; International Flavors, Emergent fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday: