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…
Business Highlights
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Grubhub sees orders jump but swings to 2Q loss
Grubhub's average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it spent heavily to prop up struggling restaurants and protect drivers.
Asia Today: 723 cases in Australia, closures in Vietnam
MELBOURNE, Australia (AP) — Australia’s coronavirus hot spot, Victoria state, will make masks compulsory statewide after reporting a record 723 new cases on Thursday.
Ghosn gone, other Nissan former executive set to face trial
TOKYO (AP) — Former Nissan executive Greg Kelly, who was arrested in connection with the financial scandal of his ex-boss Carlos Ghosn, will soon face trial in a Tokyo court. Both cases had been in limbo after Ghos…
Record surge in daily shipping volumes for UPS in 2Q
The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc.
Record economic plunge, bleak jobs numbers reveal virus toll
WASHINGTON (AP) — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, squeezing already struggling busine…
AstraZeneca: won't profit from COVID-19 vaccine in pandemic
LONDON (AP) — Pharmaceutical company AstraZeneca repeated its promise not to profit from a COVID-19 vaccine during the pandemic as it reported it was on track with late-stage trials for the treatment.
Asia Today: India, Philippines ease rules; Bali reopens
NEW DELHI (AP) — India added another record surge in virus cases Friday as the government decided to lift a nighttime curfew that was in force since March.
The Latest: Masks now required for all of Australian state
MELBOURNE, Australia — Australia’s coronavirus hot spot of Victoria state is making mask wearing compulsory statewide after reporting a new daily high of 723 confirmed COVID-19 cases.
US economy shrank at a record-breaking 33% rate last quarter as virus shuttered businesses and triggered layoffs
WASHINGTON (AP) — US economy shrank at a record-breaking 33% rate last quarter as virus shuttered businesses and triggered layoffs.
German economy plunged 10% during 2nd quarter amid pandemic
FRANKFURT, Germany (AP) — Germany’s economy, Europe's largest, took a massive hit during the pandemic shutdowns, shrinking by 10.1% percent during the April-June period from the previous quarter as exports and busi…
Australia to make Google and Facebook pay for news content
CANBERRA, Australia (AP) — The Australian government said on Friday it plans to give Google and Facebook three months to negotiate with Australian media businesses fair pay for news content.
German economy shrank 10.1% in second quarter from previous quarter amid coronavirus shutdowns
FRANKFURT, Germany (AP) — German economy shrank 10.1% in second quarter from previous quarter amid coronavirus shutdowns.
Catalan separatists sue Spain’s ex-spy chief over phone hack
BARCELONA, Spain (AP) — Two Catalan separatist politicians filed a lawsuit Thursday against the former head of Spain’s intelligence agency and an Israeli technology company for allegedly trying to hack their cell p…
More than 1.4 million laid-off workers seek US jobless aid as layoffs remain elevated amid resurgence of virus
WASHINGTON (AP) — More than 1.4 million laid-off workers seek US jobless aid as layoffs remain elevated amid resurgence of virus.