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…
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…
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.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery rose 23 cents to settle at $41.27 a barrel Wednesday. Brent crude oil for September delivery rose 53 cents to $43.75 a barrel.
5 French fighter jets delivered to India in military upgrade
SRINAGAR, India (AP) — The first batch of five French-made Rafale fighter jets arrived at an Indian air force base on Wednesday, Indian officials said, as the country seeks to modernize its military amid security c…
Virgin Galactic shows off passenger spaceship cabin interior
LOS ANGELES (AP) — Passengers flying Virgin Galactic on suborbital trips into space will be able to see themselves floating weightless against the backdrop of the Earth below while 16 cameras document the adventure…
Plant closings send GM to 2Q loss, but signs of improvement
DETROIT (AP) — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June.
As virus aid talks stalemate, Trump scorns help for cities
WASHINGTON (AP) — President Donald Trump on Wednesday dismissed Democratic demands for aid to cash-strapped cities in a new
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.
Norfolk Southern profit falls 46% as virus slows shipments
OMAHA, Neb. (AP) — Norfolk Southern Corp.'s second-quarter profit fell 46% as the railroad hauled 26% less freight because of the coronavirus outbreak's impact on the economy.
South Korea-Japan trade fight moves to global dispute panel
GENEVA (AP) — World Trade Organization members on Wednesday created a dispute panel to rule on a complaint by South Korea against Japan over restrictions on exports to Korea of products used in semiconductors, mobi…
UK urged to refine quarantine plans after Spain criticism
LONDON (AP) — The British government came under renewed pressure Wednesday to refine its travel policies following criticism of its sudden decision to remove Spain from its safe list, a sudden change that has upend…
Asia Today: China, SKorea, Japan see upticks in virus cases
BEIJING (AP) — China reported more than 100 new cases of COVID-19 on Wednesday as the country continues to battle an outbreak in Xinjiang.
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.
Pandemic shakes up earnings season - some win, some lose
The spread of COVID-19 has skewed the numbers for every major company this year, for better or worse. Boeing, already besieged by problems with its marquee aircraft, is now dealing with a
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.