Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Farmworker wage complaints in WA caught in state agency backlog, report finds
Over half of farmworker wage complaints Washington’s Department of Labor and Industries received last year went un…
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.
UN urges SE Asia to build back better from COVID-19 crisis
BANGKOK (AP) — The United Nations advised Southeast Asian nations to tackle inequality and green their economies to build a more resilient and inclusive future as they strive to recover from the COVID-19 pandemic.
Shell profits plunge 82% as pandemic hits energy demand
LONDON (AP) — Royal Dutch Shell said Thursday that its second-quarter earnings plunged 82% as the COVID-19 pandemic slashed energy prices and demand.
Cratering economy offsets Wall St. gains in 2020 campaign
LOS ANGELES (AP) — President Donald Trump has often cited the stock market's gains as a barometer for his administration's success. And if history is a guide, Wall Street's fortunes in the next few months could sig…
Ford's results not as grim as expected for virus-marred 2Q
DETROIT (AP) — Ford Motor Co. posted results on Thursday that were not as grim as expected for its second quarter that saw its U.S. factories shuttered for half the period to combat the spread of the coronavirus an…
Airbus plane deliveries halved as airlines scrounge for cash
PARIS (AP) — European plane maker Airbus saw its deliveries halve during the first six months of the year as travel collapsed during the pandemic and airlines scrounged for cash.
Dunkin' to close 800 US stores as pandemic hurts sales
CANTON, Mass. (AP) — Dunkin’ Brands Inc. expects to close up to 800 underperforming U.S. stores this year as it tries to shore up its portfolio in the wake of the coronavirus pandemic.
US average mortgage rates decline; 30-year loan at 2.99%
WASHINGTON (AP) — U.S. average rates on long-term mortgages declined this week, remaining near historic lows as the key 30-year loan slipped back below 3%.
Trump offers, Democrats reject fix for $600 jobless benefit
WASHINGTON (AP) — With aid expiring, the White House offered a short-term extension Thursday of a $600 weekly unemployment benefit that has helped keep families and the economy afloat during the COVID-19 pandemic, …
Pandemic whacks Google ad sales, causing parent Alphabet to report first quarterly revenue decline in company history
MOUNTAIN VIEW, Calif. (AP) — Pandemic whacks Google ad sales, causing parent Alphabet to report first quarterly revenue decline in company history.