Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Palos Verdes moves into Moses Lake
MOSES LAKE — One of Othello’s biggest developers just started its first new housing development in Moses Lake. …
German jobless rate falls in September, fewer on furlough
BERLIN (AP) — Germany's unemployment rate declined in September despite the coronavirus pandemic, official data showed Wednesday. Jobless figures have been kept lower by extensive use of a short-term salary support…
The Latest: Quarantined Czechs can vote in drive-in stations
PRAGUE — Czechs are casting ballot from their cars for the first time, a measure forced by the coronavirus pandemic.
UK economy slump not as bad as feared but still a record
LONDON (AP) — The British economy did not contract as much as originally thought during the second quarter of the year when coronavirus lockdown measures were at their most intense — though the slump remained the w…
Shell plans to cut up to 9,000 jobs as oil demand slumps
LONDON (AP) — Energy producer Royal Dutch Shell said Wednesday it's planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in prices …
Japan military seeks record budget amid regional threats
TOKYO (AP) — Japan's Defense Ministry is seeking a record-high budget of nearly 5.5 trillion yen ($55 billion) for fiscal 2021 to fund more purchases of costly American stealth fighters and expand its capability to…
Tunisians fleeing economy, not COVID, cause tension in Italy
RAS JEBEL, Tunisia (AP) — Once it was just the jobless young men who set off from Tunisia’s rocky northern beaches for Sicily, usually defying their parents in hopes of a better future.
Regulators crack down on aggressive, dubious debt collectors
NEW YORK (AP) — Those mysterious debt collectors who call insisting you’ll be in legal peril if you don’t pay them big bucks are in hot water themselves, accused in a nationwide crackdown of harassing and threateni…
Ski resorts struggle to hire amid Trump's student visa ban
DENVER (AP) — Milagros Sotelo was looking forward to traveling from South America to Tennessee to start a job at Ober Gatlinburg ski resort this winter. The 22-year-old student worked the last two ski seasons in th…
UK pushes on with EU-reviled law as Brexit talks go to wire
BRUSSELS (AP) — European Union and British negotiators hunkered down Tuesday to seek last-minute compromises on everything from fisheries to competition in hopes of creating a post-Brexit trade deal. But the atmosp…
Asia Today: Philippines placing southern city in lockdown
MANILA, Philippines (AP) — One southern Philippine province and its war-battered capital will be placed under a mild lockdown starting Thursday and the rest of the country will be under more relaxed restrictions to…
Consumer confidence posts solid gain to 101.8 in September
WASHINGTON (AP) — U.S. consumer confidence rebounded more quickly in September than most economists had expected though they remain far from levels that were the norm before the pandemic struck.
US Chamber of Commerce parts ways with top strategist
WASHINGTON (AP) — The U.S. Chamber of Commerce parted ways Tuesday with its longtime political strategist, as the organization, once a Republican stalwart, has demonstrated a more bipartisan spending streak in the …
LVMH files countersuit against Tiffany over $16.2 B deal
NEW YORK (AP) — Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has filed a countersuit against Tiffany over their ruined merger deal, noting conditions necessary to close the $16.2 billion acquisition of t…
Virus, strife prompt 'resiliency' funds in Black communities
SAN FRANCISCO (AP) — The modest cash grant Iguehi James received from the Oakland African American Chamber of Commerce helped the clothing designer defray costs, including surge prices on elastic and fabric that ju…
Sri Lanka government decides to ban cattle slaughter
COLOMBO, Sri Lanka (AP) — Sri Lanka's government announced Tuesday that it will ban cattle slaughter, saying it would help the dairy industry and thereby save money used to purchase imported milk powder.