Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Insurance rates won’t go up in wake of 2026 wildfires
MOSES LAKE — Almost three-fifths of American homeowners have concerns about their insurance rates going up due to …
The Latest: France to thank health workers on Bastille day
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UK on course for 'significant' recession after March slump
LONDON (AP) — The U.K. government warned Wednesday of a “significant” recession after official figures showed the economy shrank 2% in the first quarter of the year even though it included just one week of the coro…
Ukraine approves law on banks in a bid for IMF aid
KYIV, Ukraine (AP) — Ukraine has passed a law preventing former owners of nationalized or liquidated banks from regaining ownership or receiving state compensation, a move that allows the country to get $5.5 billio…
Powell warns of a possible sustained recession from pandemic
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-…
Asia Today: New Zealand ends most coronavirus restrictions
BANGKOK (AP) — New Zealand has ended most of its coronavirus lockdown restrictions as it prepares itself for a new normal.
World's biggest shipper expects 25% drop in container demand
COPENHAGEN, Denmark (AP) — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that it expects its transport volumes to drop by up to 25% in the second quarter as the world economy sl…
Atlantic City voters keep their government amid pandemic
ATLANTIC CITY, N.J. (AP) — Atlantic City will fight its way through the coronavirus pandemic and attempt to rebuild its devastated casino-based economy under its current form of government.
Couples turn to `minimonies' to salvage wedding plans
NEW YORK (AP) — Couples trying to salvage weddings put on hold by the coronavirus are feeding a fresh trend in the bridal industry: the “minimony."
Children leave homes briefly as Turkey eases restrictions
ANKARA, Turkey (AP) — Parks filled with the sound of children on Wednesday as Turkey allowed kids ages 14 and under to leave homes for the first time in 40 days.
Sony's profits dive as stores, cinemas close during pandemic
TOKYO (AP) — Japanese electronics and entertainment company Sony Corp. reported Wednesday that its quarterly profit tumbled as the coronavirus pandemic delayed music and movie releases and disrupted product supply …
New clusters pop up; Europe debates summer tourist season
BRUSSELS (AP) — New coronavirus clusters have appeared as nations struggle to balance reopening economies with preventing a second wave of infections and deaths, while in Europe, a debate erupted over the summer tr…
Built for a global economy, Dubai now threatened by virus
DUBAI, United Arab Emirates (AP) — Dubai built a city of skyscrapers and artificial archipelagos on the promise of globalization, creating itself as a vital hub for the free movement of trade, people and money worl…
Vast cutbacks in jobs and spending before any summer rebound
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to national and global response, the work place and the spread of the v…
New refugees struggle to find footing during pandemic
SALT LAKE CITY (AP) — Afghan refugee Mahmood Amiri arrived in the United States more than a month ago, but his children are still waiting for their first day at school. They have yet to go to a mosque to meet other…
Facebook buys Giphy, popular tool for creating animated GIFs
Facebook has bought Giphy, a popular tool for creating the animated images known as GIFs that pepper conversations around the internet.