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…
Honda reaches $85 million settlement over airbags
NEW YORK (AP) — Honda has reached an $85 million settlement with multiple states over allegations that it hid safety failures in the airbags of certain Honda and Acura vehicles sold in the U.S.
Bank profits slump 70% as virus rakes businesses, households
NEW YORK (AP) — The U.S. banking industry’s second-quarter profits fell by 70% from a year ago as low interest rates and the economic turmoil of the COVID-19 pandemic weighed heavily on big and small banks alike.
Scotland's handling of virus boosts support for independence
EDINBURGH, Scotland (AP) — There is wide agreement that Britain’s devastating coronavirus outbreak has been met by strong, effective political leadership. Just not from Prime Minister Boris Johnson.
UN: Global tourism lost $320 billion in 5 months from virus
UNITED NATIONS (AP) — The tourism global industry has been devastated by the coronavirus pandemic, with $320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk, the …
UK government ditches advice on masks at English schools
LONDON (AP) — Following mounting pressure to change tack, the British government decided late Tuesday to ditch advice that high school students and staff in England don't need to wear face masks when schools reopen…
Asia Today: South Korea closes many schools again amid surge
SEOUL, South Korea (AP) — South Korea is closing schools and returning to remote learning in the capital region as the country counted its 12th straight day of triple-digit daily increases in coronavirus cases.
Asia Today: SKorea orders doctors to stop strike amid crisis
SEOUL, South Korea (AP) — Health officials in South Korea ordered thousands of striking doctors to return to work as the country counted its 13th straight day of triple-digit jumps in coronavirus cases.
US consumer confidence falls in August to lowest in 6 years
WASHINGTON (AP) — U.S. consumer confidence fell for the second consecutive month, sinking to the lowest levels in more than six years as a resurgence of COVID-19 infections in many parts of the country heightened p…
Kashmir group calls India’s internet ban 'digital apartheid'
SRINAGAR, India (AP) — A prominent rights group in Indian-administered Kashmir on Tuesday described a communications blackout imposed by India following its scrapping of the disputed region’s semi-autonomy last yea…
Germany's record contraction in Q2 slightly less than feared
BERLIN (AP) — The German economy, Europe's biggest, shrank by slightly less than originally estimated during the second quarter, the country's official statistics agency said Tuesday — though the 9.7% drop was stil…
Swiss team claims 1st jump, free fall from solar plane
BERLIN (AP) — A Swiss team working to take a solar-powered plane to the edge of space says it has performed the first jump and free fall from an electric aircraft.
AP-NORC poll: Many in US shoring up finances amid downturn
WASHINGTON (AP) — It's the paradox of a pandemic that has crushed the U.S. economy: 12.9 million lost jobs and a dangerous rash of businesses closing, yet the personal finances of many Americans have remained stron…
NTSB: Lawmaker in plane crash flew despite vision problems
An Alaska state lawmaker who was involved in a July midair collision that killed seven people was piloting his plane even though his medical flight certification was denied eight years ago because of vision problem…
Ex-pharmaceutical company boss faces insider trading charges
NEW YORK (AP) — The former head of a pharmaceutical company was arrested Tuesday in California on insider trading charges, accused of feeding secrets that enabled friends and family to earn over $700,000 illegally.
S&P CoreLogic Case-Shiller: US home prices rise 3.5% in June
WASHINGTON (AP) — U.S. home prices rose at a slightly slower pace in June, but the U.S. housing market continued to show resilience in the face of the coronvavirus pandemic.