Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
The Way Cafe opens in Moses Lake
MOSES LAKE — It had only been open about an hour and a half, but already The Way Cafe was bustling Tuesday morning.
SGL plans layoffs at other facilities
Citing a fall in demand for carbon fiber, SGL Carbon announced last week it is laying off “more than 500 employees” worldwide.
Pandemic puts Indonesia into recession; 1st time in 20 years
JAKARTA, Indonesia (AP) — Indonesia’s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as the country struggles to control the coronavirus pandemic.
AstraZeneca earnings up 55% driven by sales of cancer drugs
LONDON (AP) — AstraZeneca said third-quarter earnings rose 55%, driven by increased sales of cancer treatments despite disruption caused by the COVID-19 pandemic.
Luxury vehicles, booming sales in China boost BMW profits
FRANKFURT, Germany (AP) — German automaker BMW said third-quarter net profit rose 17% to 1.81 billion euros ($2.22 billion) as sales boomed in China and highly profitable luxury models such as the 8 Series coupe an…
The Latest: Italy imposing night curfew, other restrictions
ROME — Italian Premier Giuseppe Conte has signed off on new pandemic rules that include a nationwide overnight curfew and tighter restrictions on the country’s regions where infections are surging and hospitals ris…
US futures, Asia markets rise as investors eye US election
U.S. futures rose and Asia markets posted gains as investors worldwide await the results from the U.S. presidential election.
Arista, Cirrus rise; SolarEdge, Pacific Biosciences fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday:
Bank of England deploys more stimulus as lockdown begins
LONDON (AP) — The Bank of England has increased its monetary stimulus by a bigger than anticipated 150 billion pounds ($195 billion) as it tries to boost the economy through new lockdown measures.
Asia Today: India's virus cases jump on New Delhi resurgence
NEW DELHI (AP) — India’s coronavirus outbreak increased by more than 50,000 cases Thursday amid a resurgence of infections in the capital.
Business Highlights
___
China tightens restrictions on Australian exports
CANBERRA, Australia (AP) — China has stepped up trade restrictions against Australia, suspending imports of some timber and barley, the agriculture minister said Tuesday, amid tension over the coronavirus, Hong Kon…
Virus crisis in Belgium shows more signs of abating
BRUSSELS (AP) — Belgium, proportionally still the worst-hit nation in Europe when it comes to coronavirus cases, said Wednesday there are increasing signs that a turning point in the crisis was drawing close.
U.S. services sector index reads 56.6 in October, the fifth consecutive month of expansion
WASHINGTON (AP) — U.S. services sector index reads 56.6 in October, the fifth consecutive month of expansion.
Retail therapy, last pints: England readies for new lockdown
LONDON (AP) — Last-minute shoppers in England came out in force Wednesday and thirsty drinkers planned their final freshly poured pints in a pub for the next month as Britain prepared to join large swaths of Europe…
EU: Brexit trade talks still face 'too many difficulties'
BRUSSELS (AP) — With a deadline looming ever more menacingly, the European Union's chief negotiator on the post-Brexit trade deal with Britain Wednesday publicly blamed London for a lack of progress in the two side…