Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Interest rates hold back home sales in the Basin, statewide
MOSES LAKE — High interest rates are slowing down sales in the Basin real estate market. The average monthly ra…
Eurozone economy shrank 12.1% in April-June from previous quarter due to lockdowns, largest drop on record
FRANKFURT, Germany (AP) — Eurozone economy shrank 12.1% in April-June from previous quarter due to lockdowns, largest drop on record.
The Latest: Catalonia, 2 other regions on German risk list
BERLIN — German authorities have added Catalonia and two other northern Spanish regions to a long list of risk areas, days after the foreign ministry advised against nonessential travel to the area.
Dutch KLM group to cut 4,500-5,000 jobs due to pandemic
AMSTELVEEN, The Netherlands (AP) — Dutch carrier KLM said Friday it will cut between 4,500 and 5,000 jobs because of the coronavirus crisis.
Nokia profit up despite pandemic as new CEO takes over
HELSINKI (AP) — Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in reven…
Champagne losing its fizz as global pandemic clobbers sales
REIMS, France (AP) — Champagne is losing its fizz. For months, lockdown put the cork on weddings, dining out, parties and international travel — all key sales components for the French luxury wine marketed for deca…
Huawei overtakes Samsung as top smartphone seller: report
LONDON (AP) — A technology research firm says Huawei has overtaken Samsung to become the world's biggest smartphone seller, as its home market in China emerged from the coronavirus pandemic better off than other ec…
Government revisions show slightly slower 2019 GDP growth
WASHINGTON (AP) — The government says the U.S economy grew a bit more slowly last year than it had previously estimated and slightly faster in 2018.
After 99 days of success, virus returns to haunt Vietnam
HANOI, Vietnam (AP) — For 99 days, Vietnam seemed to have defeated the coronavirus. There wasn’t a single reported case of community transmission. Not a single death. A handful of cases were caught and isolated at …
Lawmakers grill 4 Big Tech CEOs but don't land many blows
WASHINGTON (AP) — Congressional lawmakers finally got a chance to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that
Lawmakers batter Big Tech CEOs, but don't land many blows
WASHINGTON (AP) — Congressional lawmakers finally got a chance Wednesday to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that stifle competition. But it's not clear how …
The Latest: China toughens travel rules for Xinjiang capital
BEIJING — China is tightening travel restrictions in the capital of the Xinjiang region amid a COVID-19 outbreak in the northwestern city.
Train derails on Arizona bridge that collapses, catches fire
PHOENIX (AP) — A freight train derailed Wednesday as it traveled on a bridge that spans a man-made lake in a Phoenix suburb, setting the bridge ablaze and partially collapsing the structure, officials said.
1.4 million seek jobless aid as virus surges in South, West
WASHINGTON (AP) — More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the U.S. economy.
France's Renault posts massive loss as trouble piles up
PARIS (AP) — French carmaker Renault reported a massive loss of 7.4 billion euros ($8.5 billion) in the first half of the year as the collapse in global auto sales due to the pandemic worsened troubles already brew…
Tyson Foods to increase virus testing in US meat plants
Tyson Foods says it plans to administer thousands of coronavirus tests per week at its U.S. facilities under an expanded effort to protect workers and keep plants running.