Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Fuel prices slightly elevated this week
MOSES LAKE — After weeks of steady increases, fuel prices across Washington and the nation largely held steady thi…
US-Apple-Movies-Top-10
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Opponents: Pipeline's defeat 'a testament to perseverance'
RICHMOND, Va. (AP) — Richard Averitt and his wife have spent six years and more than six figures fighting to keep the Atlantic Coast Pipeline off their picturesque central Virginia property.
Levi's to cut 700 office jobs due to virus-related slump
NEW YORK (AP) — Levi's said Tuesday that it will cut 700 office jobs, or about 15% of its worldwide corporate workforce, as it deals with a sharp drop in sales due to the coronavirus pandemic.
Civil rights groups denounce Facebook over hate speech
Facebook keeps telling critics that it is doing everything it can to rid its service of hate, abuse and misinformation. And the company's detractors keep not buying it.
Malaysian palm oil giant hit with forced labor allegations
MINNEAPOLIS (AP) — An anti-trafficking organization has filed a petition to ban the importation of palm oil produced by one of the world’s largest suppliers, saying it found evidence of child and forced labor on pl…
TikTok to leave Hong Kong as security law raises questions
HONG KONG (AP) — TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week.
Italy, Portugal say economic forecasts show need for EU help
LISBON, Portugal (AP) — New forecasts predicting the European Union’s economy is headed for a steep decline underscore the need for quick approval of a proposed recovery fund to help its 27 member countries, the le…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for August delivery rose 28 cents to settle at $40.90 a barrel Wednesday. Brent crude oil for September delivery added 21 cents to $43.29 a barrel.
Thailand denies monkeys abused to harvest coconut products
BANGKOK (AP) — Thailand's coconut-picking monkeys, long a popular tourist attraction, have become a sensitive trade issue as British activists claim the animals are abused and push for a boycott of the nation's coc…
Coronavirus slams Poland's already-troubled coal industry
WARSAW, Poland (AP) — The coronavirus has ripped through Poland's coal mines, where men descend deep underground in tightly packed elevators and work shoulder-to-shoulder to extract the source of 75% of the nation’…
German production rebounds in May, but misses expectations
BERLIN (AP) — German industrial production picked up in May after dropping sharply in the two previous months, but the rebound fell short of expectations.
Business Highlights
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Small business program scrutinized for loans to big firms
NEW YORK (AP) — Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise he…
Portuguese energy firms replace CEOs amid corruption probe
LISBON, Portugal (AP) — Shares in Portugal’s blue-chip national energy provider EDP and its international renewable energy division rose Tuesday after the companies replaced their CEOs amid a corruption investigati…
NY state penalizes Deutsche Bank $150M for Epstein dealings
NEW YORK (AP) — Deutsche Bank has agreed to pay $150 million to settle claims that it broke compliance rules in its dealings with the late sex offender Jeffrey Epstein, New York state announced Tuesday.