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…
Rite Aid tops Street 2Q expectations, revises forecast
Rite Aid topped Wall Street expectations for the fiscal second quarter and gave a revised annual forecast, one quarter after withdrawing it due to COVID-19 uncertainty.
As virus surges, critics say UK hasn't learned from mistakes
LONDON (AP) — Britain bungled its response to the coronavirus the first time around. Now many scientists fear it’s about to do it again.
Turkey hikes rates to support currency, fight inflation
ANKARA, Turkey (AP) — Turkey’s Central Bank raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years to fight inflation and support its falling currency.
Cambridge Analytica ex-boss banned from running companies
LONDON (AP) — The former boss of Cambridge Analytica, the political consulting firm brought down by a scandal over how it obtained Facebook users’ private data, has been banned from holding company directorships fo…
US jobless claims reach 870,000 as layoffs remain elevated 6 months after virus struck economy
WASHINGTON (AP) — US jobless claims reach 870,000 as layoffs remain elevated 6 months after virus struck economy.
The Latest: Russia reports highest daily cases since July
MOSCOW — Russian health officials have reported 6,595 new coronavirus cases, the highest daily surge since July.
Facebook oversight board to start operating in October
LONDON (AP) — Facebook's long-awaited oversight board that will act as a referee on whether specific content is allowed on the tech giant's platforms is set to launch in October.
UK announces new plan to help workers hit by pandemic
LONDON (AP) — Britain’s treasury chief announced a new income support program Thursday for workers hurt by the coronavirus pandemic, as the government races to prevent widespread layoffs when earlier employer subsi…
Former VW boss Winterkorn faces trial on 2nd set of charges
BERLIN (AP) — A German court has ruled that former Volkswagen CEO Martin Winterkorn must face trial on a second set of charges in the company's diesel emissions scandal, these ones related to alleged market manipul…
Stocks dip as virus cases rise, stimulus outlook unclear
Global shares were mostly lower Thursday due to broad uncertainty about the economic outlook as coronavirus cases pick up again in many parts of the world.
Drug companies work jointly to boost vaccine confidence
LONDON (AP) — Two firms developing COVID-19 vaccines say pharmaceutical companies are trying to give the public as much information as possible about their testing regimes as drugmakers and public health officials …
TikTok's owner applies for Chinese license to close US deal
BEIJING (AP) — TikTok's owner said Thursday it has applied for a Chinese technology export license as it tries to complete a deal with Oracle and Walmart to keep the popular video app operating in the United States.
The Latest: Swiss university's undergrads all quarantined
Swiss health authorities have ordered a quarantine for 2,500 students at a prestigious hospitality management school after “significant outbreaks” of the coronavirus that are a suspected byproduct of off-campus par…
German economy rebounding, faces risk from virus resurgence
FRANKFURT, Germany (AP) — A widely watched indicator of German business confidence has risen for a fifth month in a row as Europe's largest economy rebounds from the coronavirus shutdowns - but the index remains be…
Cleaners struggle with covid effects
MOSES LAKE — A lot of businesses suffered, lost customers and clients, when Gov. Jay Inslee effectively ordered the state closed in mid-March in response to th…