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US consumer spending plunged by a record 13.6% in April as job cuts from virus paralyzed economy

The Associated Press  |  Posted May 29th - 6:33am

US consumer spending plunged by a record 13.6% in April as job cuts from virus paralyzed economy.

EU says conditions needed in Lufthansa bailout, seeks deal

Samuel Petrequin, Associated Press  |  Posted May 29th - 5:41am

The EU competition chief said Friday that she is not “creating extra hurdles" for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.

Bosnia: Officials, firm owner arrested over ventilator deal

The Associated Press  |  Posted May 29th - 5:11am

Bosnian authorities have detained two high-ranking state officials and the owner of a private company which imported 100 ventilators from China that were found to be useless for COVID-19 patients.

No Eiffel, Mona Lisa or Versailles: Iconic sites stay closed

John Leicester, Associated Press  |  Posted May 29th - 4:23am

Hold that smile, Mona Lisa. The Eiffel Tower and the Palace of Versailles will remain off-limits for the immediate future, too.

Roam close to home: Europe's tourists play safe in pandemic

Frank Jordans and Kerstin Sopke, Associated Press  |  Posted May 29th - 3:49am

Many a journey to far-flung corners of Europe starts in a dusty industrial yard in east Berlin, where Felix Rascher carefully tends to his small fleet of Volkswagen camper vans, a favorite among free-spirited travelers the world over.

Twitter adds 'glorifying violence' warning to Trump tweet

The Associated Press  |  Posted May 29th - 2:50am

Twitter has added a warning to one of President Donald Trump's tweets about protests in Minneapolis, saying it violated the platform's rules about “glorifying violence."

French carmaker Renault to cut 15,000 jobs worldwide

Sylvie Corbet, Associated Press  |  Posted May 29th - 12:51am

French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.

Europe's social welfare net shows signs of wear from virus

Angela Charlton, Colleen Barry and Nick Perry, Associated Press  |  Posted May 29th - 12:50am

Europe's extensive social welfare net is showing signs of fraying under economic strain from the coronavirus, as protests erupted for a second day in Spain Friday against layoffs by French carmaker Renault, while Italy's chief central banker warned that “uncertainty is rife.”

Hello and welcome: Robot waiters to the rescue amid virus

Aleksandar Furtula and Raf Casert, Associated Press  |  Posted May 29th - 12:23am

You can always count on a robot for perfect timing.

World stock markets drop as US-China tensions weigh

Elaine Kurtenbach, Associated Press  |  Posted May 29th - 12:16am

Stock markets fell Friday in Europe and Asia and Wall Street appeared set to slip on the open as tensions between the United States and China over issues like the pandemic and Hong Kong's autonomy spooked investors.

VW spending $2.2B to expand in China's electric car market

Joe McDonald, Associated Press  |  Posted May 29th - 12:04am

Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.

Virus taking hold in rural, old plantation region of Alabama

Jay Reeves and Kim Chandler, Associated Press  |  Posted May 28th - 11:08pm

Sparsely populated Lowndes County, deep in Alabama's old plantation country, has the sad distinction of having both the state’s highest rate of COVID-19 cases and its worst unemployment rate.

Both businesses and customers conflicted as DC reopens

Ashraf Khalil, Associated Press  |  Posted May 28th - 11:06pm

Starting Friday, a tiny slice of pre-pandemic normality starts returning to the nation's capital as a three-month old coronavirus stay-home order is replaced by the first phase of a reopening plan.

Asia Today: Indonesians return to mosques, at a distance

The Associated Press  |  Posted May 28th - 10:34pm

Muslims in some parts of Indonesia attended Friday prayers as mosques closed by the coronavirus for weeks were allowed to start reopening in the world’s most populous Muslim nation.

White House punts economic update as election draws near

Andrew Taylor, Josh Boak and Aamer Madhani, Associated Press  |  Posted May 28th - 10:06pm

The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election.

LA mayor says councilman should resign over bribery probe

The Associated Press  |  Posted May 28th - 9:17pm

Los Angeles Mayor Eric Garcetti and the president of the City Council called Thursday for the resignation of Councilman Jose Huizar, who is the focus of a federal corruption investigation.

Hawaii governor to extend traveler quarantine past June

Audrey McAvoy, Associated Press  |  Posted May 28th - 8:02pm

Hawaii Gov. David Ige on Thursday said he would extend the state's 14-day quarantine requirement for travelers arriving in the state beyond June 30.

NSA: Russian agents have been hacking major email program

Frank Bajak, Associated Press  |  Posted May 28th - 7:07pm

The U.S. National Security Agency says the same Russian military hacking group that interfered in the 2016 presidential election and unleashed a devastating malware attack the following year has been exploiting a major email server program since last August or earlier.

Tesla's Musk earns $770M in stock options, company confirms

The Associated Press  |  Posted May 28th - 4:41pm

Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company meeting several financial metrics.