Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Local gas prices fall as summer driving season continues
MOSES LAKE — Drivers in Grant and Adams counties are seeing some relief at the pump after months of steadily risin…
Pope moves against secretariat of state amid finance scandal
ROME (AP) — Pope Francis is giving the Vatican secretariat of state three months to transfer all of its financial holdings to another Vatican office following its bungled management of hundreds of millions of euros…
Assad blames Syria's current economic woes on Lebanese banks
DAMASCUS, Syria (AP) — Syrian President Bashar Assad said much of his country's current economic distress is a direct result of the banking crisis in neighboring Lebanon, where many Syrian businessmen have traditio…
UK extends wage support scheme until March amid new lockdown
LONDON (AP) — The British government and the Bank of England joined forces Thursday to provide further support to an economy that is set for a difficult winter following the imposition of new coronavirus lockdown m…
GM puts up a booming third quarter
DETROIT (AP) — General Motors is posting huge third quarter numbers, pulling in $4 billion in profit over three months after losing money due to the virus outbreak.
The Latest: Danes take action after virus mutation in minks
COPENHAGEN, Denmark — Seven Danish mayors say restaurants will be closed across northern Denmark and people in the region will be encouraged to be tested after authorities found a mutation in the virus in 12 reside…
Can students booted for breaking COVID-19 rules get refunds?
College students returned this fall to find rigid COVID-19 prevention rules that take away from college’s social appeal. And noncompliance can be costly.
China opens import expo under anti-disease controls
SHANGHAI (AP) — Chinese leaders are conducting an import fair under intensive anti-coronavirus controls in their latest effort to revive the world's No. 2 economy while the United States and Europe struggle with a …
The Latest: Greece imposes 3-week lockdown to save hospitals
ATHENS, Greece — Greece's prime minister has announced a nationwide three-week lockdown starting Saturday, saying that the increase in coronavirus infections must be stopped before the country's health care system …
EU cuts 2021 economic outlook as virus spreads
BRUSSELS (AP) — As COVID-19 cases keep rising, the European Union's executive commission lowered its forecast for the economic rebound from the coronavirus pandemic next year and said the economy wouldn’t reach pre…
World markets rally as markets shrug off election limbo
U.S. futures and world shares surged on Thursday as investors awaited the outcome of the U.S. presidential election and embraced the upside of more gridlock in Washington.
Nintendo's profit soars as pandemic has people playing games
TOKYO (AP) — Nintendo, the Japanese company behind Super Mario and Pokemon video games, reported Thursday that its fiscal first half profit more than tripled as passed time while stuck at home during the pandemic p…
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…