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 …
Volkswagen CEO Herbert Diess giving up managing VW brand
BERLIN (AP) — Volkswagen's CEO is giving up managing the company's core VW brand in order to concentrate more on the group as a whole, the German automaker said Monday.
US recession began in February, economists' group declares, ending longest expansion on record
WASHINGTON (AP) — US recession began in February, economists' group declares, ending longest expansion on record.
NTSB seeks stronger lithium-ion battery rules after fire
DETROIT (AP) — The National Transportation Safety Board is recommending a loophole that allows some lithium-ion batteries to taken on airplanes be closed, citing insufficient safety precautions.
Signs of life in the RV business; Zoom falls for third day
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the …
Aviation, tourism groups protest UK's 14-day quarantine
LONDON (AP) — Britain began imposing a 14-day quarantine Monday on travelers coming into the country, months after other European countries imposed similar measures to control the spread of the coronavirus.
World Bank: world will suffer largest downturn since 1940s
WASHINGTON (AP) — The World Bank said Monday the world is facing an unprecedented health and economic crisis that has spread with astonishing speed and will result in the largest shock the global economy has witnes…
Lawyer: Coronavirus restrictions hamper MH17 defense case
SCHIPHOL, Netherlands (AP) — A defense lawyer for a suspect in the downing of Malaysia Airlines Flight 17 over eastern Ukraine nearly six years ago said Monday that coronavirus restrictions have seriously hampered …
As business trickles back, hotels compete on cleanliness
Marriott, Hilton and other big hotel companies are used to competing on price or perks. Now they are competing on cleanliness.
CrossFit founder, dropped by Reebok, apologizes about tweet
SILVER SPRING, Md. (AP) — The founder of CrossFit is apologizing for a Twitter post he made about racial inequality protests after Reebok cut ties with his company.
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.
Litigious poultry farm loses defamation cases in Thailand
BANGKOK (AP) — A court in Thailand has dismissed criminal defamation charges against two people who were among more than 20 targeted in various cases by a poultry company in what critics say is a campaign of legal …
China's Huawei launches ad blitz as UK reconsiders its role
LONDON (AP) — Huawei has launched an advertising campaign in Britain as officials reconsider the Chinese technology company's role in supplying equipment for the country's next-generation high speed mobile networks…
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.
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.
German industrial production down nearly 18% in April
BERLIN (AP) — German industrial production plunged by nearly 18% in April compared with the previous month at the height of Europe's coronavirus lockdowns, official data showed Monday.