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 …
Rescued migrants stranded on chartered Maltese tourist boats
VALLETTA, Malta (AP) — More than 400 migrants are living aboard pleasure cruise vessels bobbing in the sea off Malta, many of them for weeks now. But for them, it's no pleasure, only uncertainty over their fate and…
Hints of an economic reawakening amid mass, civic unrest
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of t…
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…