Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
'It begins with integrity'
MOSES LAKE — When Simon Ribellia started painting homes at age 15, he wasn't planning on making it a full-time car…
Trump administration to block Chinese passenger airlines from traveling to US starting in mid-June
DALLAS (AP) — Trump administration to block Chinese passenger airlines from traveling to US starting in mid-June.
Italy opens borders ahead of neighbors, beckoning tourists
ROME (AP) — Rome’s Leonardo da Vinci airport sprang back to life Wednesday as Italy opened regional and international borders in the final phase of easing its long coronavirus lockdown, but it was still an open que…
US service sector contracts for second month in May
WASHINGTON (AP) — The U.S. services sector shrank for a second month in May as the coronavirus pandemic triggered shutdowns and layoffs around the country.
Cyprus hastens lifting of most remaining virus restrictions
NICOSIA, Cyprus (AP) — The government of Cyprus accelerated the lifting of most of the country’s remaining coronavirus restrictions by three weeks, citing on Wednesday the country's consistently low infection rate …
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.
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 admits Sweden could have battled virus better
STOCKHOLM (AP) — Sweden's chief epidemiologist showed contrition Wednesday as criticism mounted over the Scandinavian country's hotly debated method of fighting the coronavirus, which has resulted in one of the hig…
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.
Global stock markets continue to rise as economies reopen
TOKYO (AP) — Global stock markets rose Wednesday, extending three days of gains, as more economies reopened from shutdowns they had imposed to stem the coronavirus pandemic.
Germany seeks 5-fold increase in offshore wind power by 2040
BERLIN (AP) — The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels.
Edmunds: 0% loans are a smart way to get out of a bad loan
To spur car sales amid the coronavirus pandemic, nearly every automaker has introduced 0% financing. Getting a 0% car loan can be a smart way to finance a new car.
Global shares rise as Wall Street gains for 3rd straight day
TOKYO (AP) — Global shares rose Wednesday after Wall Street extended its gains for a third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic.
European jobless rate up modestly, Germany mulls stimulus
BERLIN (AP) — Europe's unemployment rate ticked up modestly last month, contained by use of labor programs that have kept millions of workers on payrolls and as some people stopped looking for work, official data s…
Pandemic brings 1st Australian recession in 29 years
CANBERRA, Australia (AP) — The coronavirus pandemic pushed Australia’s economy into recession for the first time in 29 years in the first quarter of the year, and the situation is expected to get worse.
Astronauts ring opening bell for Nasdaq from space station
CAPE CANAVERAL, Fla. (AP) — The astronauts launched into orbit by SpaceX joined in the ringing of the opening bell for the Nasdaq on Tuesday to mark “a pivotal moment" for the space economy.