News  /  Biz  / 

Most Recent

Pandemic brings 1st Australian recession in 29 years

The Associated Press  |  Posted Jun 3rd - 3:16am

The coronavirus pandemic pushed Australia’s economy into recession for the first time in 29 years in the first quarter of the year, and the situation is expected to get worse.

European jobless rate up modestly, Germany mulls stimulus

The Associated Press  |  Posted Jun 3rd - 2:33am

Europe's unemployment rate ticked up modestly last month, contained by use of labor programs that have kept millions of workers on payrolls and as some people stopped looking for work, official data showed Wednesday.

Update on the latest in business:

The Associated Press  |  Posted Jun 3rd - 1:48am

Asian shares rose today after Wall Street extended its gains for a third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic.

The Latest: Cyprus brings forward end of lockdown by 3 weeks

The Associated Press  |  Posted Jun 3rd - 12:55am

Cyprus has accelerated the lifting of most of the country’s remaining coronavirus restrictions by three weeks, citing its consistently low infection rate since the May 4 end of a stay-at-home order.

Global stock markets continue to rise as economies reopen

Yuri Kageyama, Associated Press  |  Posted Jun 3rd - 12:48am

Global stock markets rose Wednesday, extending three days of gains, as more economies reopened from shutdowns they had imposed to stem the coronavirus pandemic.

Asia Today: S. Korea opening schools despite spike in cases

The Associated Press  |  Posted Jun 2nd - 11:43pm

South Korea on Wednesday reported 49 new cases of COVID-19, continuing a weekslong resurgence of the virus as the government defended its decision to reopen schools despite health risks.

UN urges help for countries near `debt distress' from virus

Edith M. Lederer, Associated Press  |  Posted Jun 2nd - 10:35pm

The president of the U.N. Economic and Social Council called for urgent action Tuesday to help the growing number of countries already facing or at risk of “debt distress” because of the economic impact of the coronavirus pandemic.

Zuckerberg still under fire over inflammatory Trump posts

Barbara Ortutay, Associated Press  |  Posted Jun 2nd - 10:01pm

Facebook CEO Mark Zuckerberg isn’t budging over his refusal to take action on inflammatory posts by President Donald Trump that spread misinformation about voting by mail and, many said, encouraged violence against protesters.

Hong Kong leader accuses foreign critics of double standards

The Associated Press  |  Posted Jun 2nd - 10:01pm

Hong Kong leader Carrie Lam accused foreign critics on Wednesday of displaying “blatant double standards” over moves by Beijing to strengthen control over the semi-autonomous territory.

Mexico's president goes full-steam ahead with Mayan train

MarÍa Verza, Associated Press  |  Posted Jun 2nd - 10:00pm

Residents of Mexico's Yucatan peninsula remember riding trains to visit relatives or sell their produce decades ago, so when President Andrés Manuel López Obrador made a nostalgic pitch to build a “Mayan train” through the region's jungles the mainly indigenous residents were initially receptive to the idea.

False claims of antifa protesters plague small U.S. cities

Amanda Seitz, Associated Press  |  Posted Jun 2nd - 7:02pm

In the days since President Donald Trump blamed antifa activists for an eruption of violence at protests over police killings of black people, social media has lit up with false rumors that the far-left-leaning group is transporting people to wreak havoc on small cities across America.

Zuckerberg still under fire over inflammatory Trump posts

Barbara Ortutay, Associated Press  |  Posted Jun 2nd - 6:05pm

Facebook CEO Mark Zuckerberg isn’t budging over his refusal to take action on inflammatory posts by President Donald Trump that spread misinformation about voting by mail and, many said, encouraged violence against protesters.

1 of few black-owned pot shops in the US robbed in Boston

The Associated Press  |  Posted Jun 2nd - 5:52pm

Boston's lone retail marijuana shop is dealing with another setback.

Senate confirms special watchdog for pandemic recovery

Mary Clare Jalonick, Associated Press  |  Posted Jun 2nd - 4:01pm

The Senate has confirmed a new inspector general to oversee money distributed as part of the $2 trillion economic rescue law, putting at least one watchdog in place as oversight of the money has lagged.

Weekend protest coverage boosts cable news viewership

David Bauder, Associated Press  |  Posted Jun 2nd - 3:51pm

For many Americans, the unrest sweeping through several cities this past weekend was reason enough to stay home and watch it on television.

Eagles' Don Henley asks Congress to change copyright law

Marcy Gordon, Associated Press  |  Posted Jun 2nd - 3:32pm

Eagles songwriter Don Henley urged Congress on Tuesday to “Take It to the Limit” to protect artists against online pirating, wading into a copyright fight pitting Hollywood and the recording industry against big tech platforms like Google’s YouTube.

Tech-rights group sues Trump to stop social-media order

Tali Arbel, Associated Press  |  Posted Jun 2nd - 3:04pm

A tech-focused civil liberties group on Tuesday sued to block President Donald Trump's executive order that seeks to regulate social media, saying it violates the First Amendment and chills speech.

Zoom booms as pandemic drives millions to its video service

Michael Liedtke, Associated Press  |  Posted Jun 2nd - 2:46pm

Zoom Video Communications is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic.

Bell, Telus give 5G contracts to Europeans, Huawei shut out

Rob Gillies, Associated Press  |  Posted Jun 2nd - 2:42pm

Two of Canada’s three major telecommunication companies announced Tuesday they’ve decided not to use Chinese tech giant Huawei for their next-generation 5G wireless network.