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 …
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:
How major US stock indexes fared Monday
Stocks scrambled even higher Monday on Wall Street’s enthusiasm about the reopening economy, and the Nasdaq composite set a record.
Survey: Business economists expect worst slump since 1940s
WASHINGTON (AP) — Business economists expect the United States to suffer its worst downturn this year in more than seven decades before growth resumes sometime next year.
Left out: More workers now losing hope of getting back jobs
NEW YORK (AP) — Eric Benz didn't worry very much when his graphic design firm in Atlanta laid him off in March. He felt sure he'd be recalled to work once the viral pandemic eased and his firm's clients resumed spe…
Former Audi boss faces trial in September in diesel scandal
BERLIN (AP) — The former head of Volkswagen's luxury division, Audi, is set to go on trial at the end of September on fraud charges related to the company's diesel emissions scandal.