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…
US wages and benefits grow at sluggish pace amid pandemic
WASHINGTON (AP) — Wages and benefits for U.S. workers grew slowly this summer as employers sought to hold the line on pay gains in the midst of the pandemic.
US consumer spending rose a moderate 1.4% in September
WASHINGTON (AP) — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late spring, adding to concerns that Americans remain cautious with the viral pan…
Global travel and tourism projected to shed 174 million jobs
LONDON (AP) — The global travel and tourism industry is on course to lose 174 million jobs this year if current restrictions to curb the spread of the coronavirus remain in place, a leading industry group warned Fr…
Germany shuts down Telegram-based drugs marketplaces
BERLIN (AP) — German authorities said Friday that they have shut down online marketplaces for illegal drugs that used the encrypted messaging service Telegram.
US consumer spending rose a slight 1.4% last month as Americans remain wary with pandemic still slowing economy
WASHINGTON (AP) — US consumer spending rose a slight 1.4% last month as Americans remain wary with pandemic still slowing economy.
Protest outside Japan's Mitsubishi over wartime forced labor
TOKYO (AP) — About a dozen people protested outside the headquarters of Mitsubishi Heavy Industries in Tokyo on Friday, demanding Japanese companies pay compensation for their wartime abuse of Korean laborers.
Exxon, Chevron lose $887 million as pandemic pain continues
NEW YORK (AP) — Exxon Mobil lost $680 million in the third quarter as the global pandemic curtailed travel throughout the world, diminishing the need for fuel.
The Latest: Germany reports new daily record of 18,681 cases
BERLIN — German authorities have added almost all Austria and Italy to the list of high-risk areas for COVID-19.
Eurozone growth soars record 12.7% but fears grow for winter
FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries tha…
The Latest: Coronavirus deaths in Hungary hit all-time high
BUDAPEST, Hungary— The number of coronavirus-related deaths in Hungary rose to an all-time high on Friday, prompting the government to tighten oversight over compliance with regulations to stem the spread of infect…
Japan picks Mitsubishi Heavy to develop own stealth fighter
TOKYO (AP) — Japan has picked Mitsubishi Heavy Industries as a main contractor to develop the country's own next generation stealth fighter for launch in the 2030s, the defense minister said Friday.
Report: Fugitive tech boss was Austrian spy agency informant
BERLIN (AP) — German media report that a fugitive former top executive of payment company Wirecard was an informant for the Austrian spy agency BVT.
The Latest: India's downward trend in new cases continues
NEW DELHI — India has reported 48,648 new coronavirus cases, continuing a downward trend in infections even as the country’s caseload has crossed 8 million and is only behind the U.S.
US long-term mortgage rates flat this week; 30-year at 2.81%
WASHINGTON (AP) — U.S. long-term mortgage rates were little changed this week after marking a new all-time low last week.
China's leaders vow to become self-reliant technology power
BEIJING (AP) — China’s leaders are vowing to make their country a self-reliant “technology power” as a feud with Washington cuts access to U.S. computer chips and other high-tech components, hampering Beijing’s ind…