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…
UK travel ban on Spain strikes new blow to tourism industry
LONDON (AP) — Britain’s effective ban on travel to Spain following an upswing in coronavirus cases in that country’s northeast on Tuesday hammered home the lack of a comprehensive, continent-wide approach to suppre…
Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal
KUALA LUMPUR, Malaysia (AP) — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the mu…
Pfizer sales take a hit during pandemic
Fairless Hills, PA (AP) — Pfizer reported a 32% plunge in second-quarter profit, mainly due to the global coronavirus pandemic limiting marketing of and new prescriptions for its medicines.
McDonald's facing bumpy recovery, 2Q sales down 30%
Business did improve for McDonald’s throughout the second quarter as restrictions lifted across the globe, but the fast food giant faces a bumpy — and expensive — recovery.
Malaysia court sentences ex-Prime Minister Najib Razak to serve up to 12 years in jail for crimes linked to 1MDB scandal
KUALA LUMPUR, Malaysia (AP) — Malaysia court sentences ex-Prime Minister Najib Razak to serve up to 12 years in jail for crimes linked to 1MDB scandal.
Nissan expects second straight year of red ink amid outbreak
TOKYO (AP) — Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker's sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former s…
Peugeot maker PSA makes profit despite pandemic sales slide
PARIS (AP) — The maker of Peugeot and Citroen cars, PSA Group, said Tuesday that it made a profit in the first six months of the year even as the coronavirus pandemic caused a deep drop in sales.
Greece says tension easing in East Med dispute with Turkey
ATHENS, Greece (AP) — Turkey has reduced the number of navy vessels in an area of the East Mediterranean where it disputes Greek jurisdiction over oil-and-gas drilling rights, Greek authorities said Monday.
Mnuchin, Pelosi talk virus relief; GOP slashes jobless aid
WASHINGTON (AP) — Unemployment assistance, eviction protections and other relief for millions of Americans are at stake as White House officials launch negotiations with House Speaker Nancy Pelosi on a new
Asia Today: Australian outbreak attributed to sick workers
MELBOURNE, Australia (AP) — Australia’s hard-hit Victoria state on Monday posted a new daily record of 532 new COVID-19 cases, and the government leader warned that a lockdown in the city of Melbourne will continue…
Asia Today: New cases continue to rise in China’s Xinjiang
BEIJING (AP) — New coronavirus cases continue to rise in China’s northwestern region of Xinjiang, with 57 reported on Tuesday.
Ryanair expects air travel to be depressed for 2-3 years
LONDON (AP) — European budget airline Ryanair said Monday that the COVID-19 pandemic has wreaked havoc on its earnings, with lockdown restrictions leading to a 99% drop in passengers in the first quarter, and warne…
European tourism faces turbulence only weeks after restart
BERLIN (AP) — Europe's tourism revival is running into turbulence only weeks after countries reopened their borders, with rising infections in Spain and other nations causing increasing concern among health authori…
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UN: Libya's Central Bank to undergo much-anticipated audit
CAIRO (AP) — The United Nations announced on Monday that Libyan officials are allowing a long-sought external audit of the country's Central Bank to go ahead, a breakthrough that could pave the way for an end to a …