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…
EU leader Ursula von der Leyen leaves summit, goes into quarantine after staffer tests positive for COVID-19
BRUSSELS (AP) — EU leader Ursula von der Leyen leaves summit, goes into quarantine after staffer tests positive for COVID-19.
Europe reels as it sets virus records, slaps on new rules
BERLIN (AP) — Fears rose Thursday that Europe is running out of time to control a resurgence of the coronavirus, as infections hit record daily highs in Germany, the Czech Republic, Italy and Poland. France slapped…
US jobless claims rise to 898,000 with layoffs still high
WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s…
Stocks open lower on Wall Street as virus spreads in Europe
Stocks are falling on Wall Street in early trading Thursday, extending the market's pullback this week as optimism that Congress will deliver another round of stimulus for the economy wanes and new data show anothe…
Sweden wants to up defense budget due to regional tensions
STOCKHOLM (AP) — Sweden’s left-leaning government on Thursday proposed a 40% increase for its defense budget from 2021-2025 with the defense minister saying the move came because the region's security policy situat…
France warns Turkey of EU sanctions over 'provocations'
ANKARA, Turkey (AP) — France warned Turkey on Thursday that it could face European Union sanctions for its “provocations,” after Ankara redeployed its search vessel on a new energy exploration mission in the easter…
Morgan Stanley 3Q profit rises 25%, helped by trading
CHARLOTTE, North Carolina (AP) — Morgan Stanley said Thursday that profit rose 25% in the third quarter from last year, as the investment bank benefitted from a boost in trading revenue as well as higher investment…
Drugstore chain Walgreens rebounds with $373M profit in 4Q
COVID-19 took another bite out of Walgreens Boots Alliance quarterly numbers but this time left behind better-than-expected earnings.
US jobless claims reach 898,000 as layoffs remain high 7 months after virus struck economy
WASHINGTON (AP) — US jobless claims reach 898,000 as layoffs remain high 7 months after virus struck economy.
UN: Europe's pandemic restrictions are absolutely necessary
LONDON (AP) — The head of the World Health Organization’s Europe office said the exponential surge of coronavirus cases across the continent has warranted the restrictive measures being taken, calling them “absolut…
Cyprus House speaker quits over citizenship for sale scandal
NICOSIA, Cyprus (AP) — Cyprus’ parliamentary speaker has resigned after an undercover news report allegedly caught him on tape promising to help circumvent the country's rules on granting citizenship to foreign inv…
Ryanair blames European 'mismanagement' for winter cuts
LONDON (AP) — Ryanair became the latest European airline to announce big reductions in its winter schedule after coronavirus-related travel restrictions were reimposed across the continent.
EU leaders divided over new climate goals for 2030
BRUSSELS (AP) — European Union leaders remain divided about a more ambitious target for cutting greenhouse gas emissions and will not reach an agreement at their summit starting Thursday.
Company behind SKorean hit band BTS soar in trading debut
SEOUL, South Korea (AP) — South Korea’s Big Hit Entertainment, the company that manages global pop sensation BTS, had a dynamite trading debut Thursday in Seoul, helped by the zeal of its loyal fans.
German, Czech, Italian virus records deepen Europe worries
BERLIN (AP) — Record daily infection figures in Germany, the Czech Republic, Italy and elsewhere added to fears on Thursday that Europe is running out of chances to control its latest coronavirus outbreak. France h…