Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
After lengthy discussion, Royal City food truck ordinance approved
ROYAL CITY — After more than a year of discussion, Royal City has a revised ordinance governing food trucks. “T…
Herbalife admits bribing Chinese officials to grow business
NEW YORK (AP) — Herbalife, a Los Angeles-based health and nutrition company, bribed Chinese government officials for a decade to grow its overseas business and falsified accounting records to cover up the payments,…
In a week of layoffs, MGM Resorts adds 18,000 more
MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people.
Coca-Cola offering buyouts to about 4,000 workers
Coca-Cola is offering voluntary buyouts to about 4,000 people to reduce the number of layoffs it says will take place as it streamlines operations.
After nearly 200 years, Lord & Taylor goes out of business
NEW YORK (AP) — Lord & Taylor, one of the country's oldest department store chains, is going out of business after filing for bankruptcy earlier this month.
EU urges Turkey to stop Med drilling, speeds sanction work
BERLIN (AP) — The European Union on Friday urged Turkey to halt its drilling activities in contested waters in the Mediterranean and ordered EU officials to speed up work aimed at blacklisting some Turkish official…
US consumer spending rose a moderate 1.9% in July
WASHINGTON (AP) — U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 mill…
Germany's Merkel: Don't link Navalny case to pipeline plan
BERLIN (AP) — Germany has a duty to do what it can to help get to the bottom of the apparent poisoning of Russian opposition leader Alexei Navalny, Chancellor Angela Merkel said Friday, but she argued that the issu…
As virus rebounds in France, Macron bristles at border rules
VILLENEUVE-LA-GARENNE, France (AP) — French President Emmanuel Macron on Friday urged European neighbors to better coordinate cross-border virus restrictions as infections were on the rebound – and as multiple coun…
EU firms up Belarus blacklist as OSCE offers to mediate
BERLIN (AP) — The European Union has agreed to impose sanctions on up to 20 senior Belarus officials suspected of election fraud and the crackdown on protesters and is likely to put President Alexander Lukashenko o…
UK encourages workers to return to the office
LONDON (AP) — The British government is encouraging workers to return to their offices amid concern that the number of people working from home during the coronavirus pandemic is hurting coffee bars, restaurants an…
Amsterdam's Schiphol Airport cuts hundreds of jobs
THE HAGUE, Netherlands (AP) — Amsterdam's Schiphol Airport announced Friday that it will cut hundreds of jobs as it warned that air traffic likely will not return to pre-coronavirus pandemic levels until 2023-25.
Markets mixed after Fed chair says low rates to persist
World markets were mostly higher Friday after the Federal Reserve chair said the U.S. central bank will keep its easy money policy even if inflation hits its 2% target.
Israel lists first commercial passenger flight to UAE
DUBAI, United Arab Emirates (AP) — Israel has listed an El Al flight taking off Monday for Abu Dhabi, which would be Israel's first commercial passenger flight to the United Arab Emirates after the two countries ag…
New Zealand investigating stock market cyber attacks
WELLINGTON, New Zealand (AP) — New Zealand’s government and its foreign spy agency are getting involved after cyber attacks disrupted trading on the nation’s stock market several times this week.
AP Explains: What's behind the Turkey-Greece saber rattling
NICOSIA, Cyprus (AP) — Greek and Turkish warships are testing each other’s naval prowess while political leaders in Athens and Ankara probe each other’s resolve over a search for hydrocarbon reserves in east Medite…