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 …
U.S. trade gap rises to $49.4 billion in April
WASHINGTON (AP) — The U.S. trade deficit hit the highest level in eight months in April. Exports and imports both posted record monthly drops as the coronavirus pandemic smothered America's commerce with other coun…
European Central Bank says eurozone economy to shrink by 8.7% this year due to coronavirus pandemic
FRANKFURT, Germany (AP) — European Central Bank says eurozone economy to shrink by 8.7% this year due to coronavirus pandemic.
1.9 million seek jobless aid even as reopenings slow layoffs
WASHINGTON (AP) — Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of l…
European Central Bank boosts pandemic support program by 600 billion euros ($670 billion) to 1.35 trillion euros
FRANKFURT, Germany (AP) — European Central Bank boosts pandemic support program by 600 billion euros ($670 billion) to 1.35 trillion euros.
European Central Bank nearly doubles pandemic support scheme
FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600 billion euros to 1.35 trillion euros ($1.5 trillion), adding to efforts in Europe …
Global stocks turn lower ahead of ECB decision, US data
Stock markets edged lower on Thursday as investors looked ahead to the European Central Bank's decision on more monetary stimulus and the latest weekly jobless claims figures in the United States.
India, Australia sign defense, trade deals to bolster ties
NEW DELHI (AP) — India and Australia upgraded their relationship with a raft of agreements Thursday, including strengthening defense ties and cooperation in the Indo-Pacific maritime issues.
North Dakota tribe to fight ruling giving minerals to state
FARGO, N.D. (AP) — Leaders of the Mandan, Hidatsa and Arikara Nation in North Dakota and others are challenging a Department of Interior opinion rolling back an Obama-era memo stating that mineral rights under the …
Survey: 2.76 million layoffs in May, far fewer than expected
BALTIMORE (AP) — U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.
Asia Today: Australia to restart flights to New Zealand
CANBERRA, Australia (AP) — Canberra Airport opened a register for travelers interested in flying from the Australian capital to New Zealand on July 1 in a proposed resumption of international travel.
Asia Today: S. Korea opening schools despite spike in cases
SEOUL, South Korea (AP) — South Korea on Wednesday reported 49 new cases of COVID-19, continuing a weekslong resurgence of the virus as the government defended its decision to reopen schools despite health risks.
Fed approves expansion of state and local support program
WASHINGTON (AP) — The Federal Reserve has approved an expansion of its $500 billion emergency program to support state and local governments.
Germany agrees $146B stimulus package as Europe jobless rise
BERLIN (AP) — Germany’s governing parties agreed on a 130 billion euro ($146 billion) stimulus package Wednesday to help kick-start the economy, which like others around the world has taken a heavy hit from the cor…
Bank of England reminds banks of 'no deal' Brexit risk
LONDON (AP) — The Bank of England is reminding British banks to prepare for the possibility that the U.K. and the European Union will fail to agree on a trade deal by the end of the year, amid few signs of progress…
Scientist defends Sweden's hotly debated virus strategy
STOCKHOLM (AP) — Sweden's chief epidemiologist on Wednesday defended his country's controversial coronavirus strategy, which avoided a lockdown but resulted in one of the highest per capita COVID-19 death rates in …