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Syria says new wave of US sanctions is 'economic terrorism'

The Associated Press  |  Posted Jun 3rd - 6:50am

The Syrian government condemned Wednesday a new wave of U.S. sanctions against the country, calling the measures “economic terrorism” that will increase the suffering of the Syrian people.

Bank of England reminds banks of 'no deal' Brexit risk

Pan Pylas, Associated Press  |  Posted Jun 3rd - 6:42am

The Bank of England is reminding British banks to prepare for the possibility that the U.K. and the European Union will fail to agree on a trade deal by the end of the year, amid few signs of progress in discussions between the two sides.

Survey: 2.76 million layoffs in May, far fewer than expected

Josh Boak, Associated Press  |  Posted Jun 3rd - 6:24am

U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.

Scientist admits Sweden could have battled virus better

David Keyton, Associated Press  |  Posted Jun 3rd - 6:24am

Sweden's chief epidemiologist showed contrition Wednesday as criticism mounted over the Scandinavian country's hotly debated method of fighting the coronavirus, which has resulted in one of the highest death rates per capita in the world.

Italy opens borders ahead of neighbors, beckoning tourists

Colleen Barry, Alessandra Tarantino and Jill Lawless, Associated Press  |  Posted Jun 3rd - 6:09am

Rome’s Leonardo da Vinci airport sprang back to life Wednesday as Italy opened regional and international borders in the final phase of easing its long coronavirus lockdown, but it was still an open question how other nations would accept Italian visitors.

Germany seeks 5-fold increase in offshore wind power by 2040

The Associated Press  |  Posted Jun 3rd - 5:36am

The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels.

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: North Macedonia considers new virus restrictions

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

Authorities in North Macedonia are considering reintroducing movement restrictions in parts of the country after registering the highest number of new COVID-19 infections in a day since the first case in late February.

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.