Business

A woman walks by a closed store, in London, Thursday, July 16, 2020. Unemployment across the U.K. has held steady during the coronavirus lockdown as a result of a government salary support scheme, but there are clear signals emerging that job losses will skyrocket over coming months. The Office for National Statistics said Thursday there were 649,000 fewer people, or 2.2%, on payroll in June when compared with March when the lockdown restrictions were imposed. (AP Photo/Alastair Grant)
August 11, 2020 - 9:27 am
LONDON (AP) — The U.K. has kept a lid on its unemployment rate so far during the coronavirus pandemic but, scratch beneath the surface, there are worrying trends that will likely see the jobless total soaring by the end of the year. As department store Debenhams announced another 2,500 job losses...
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FILE - In this Aug. 27, 2013, file photo, workers load large containers of nectarines for sorting at Eastern ProPak Farmers Cooperative in Glassboro, N.J. U.S. wholesale prices fell 0.6% in February 2020, the biggest decline in five years, led by a sharp drop in energy costs. The Labor Department said the decline in its producer price index, which measures price pressures before they reach the consumer, followed a 0.5% rise in January. It was the sharpest decline since a similar 0.6% drop in January 2015. (AP Photo/Mel Evans, File)
August 11, 2020 - 8:42 am
WASHINGTON (AP) — U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, with energy prices moving sharply higher. The Labor Department said Tuesday that the jump last month in its producer price index — which measures inflation before it reaches consumers —...
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A news alert is displayed on a mobile phone in Christchurch, New Zealand, Tuesday, Aug. 11, 2020. New Zealand Prime Minister Jacinda Ardern said Tuesday that authorities have found four cases of the coronavirus in one Auckland household from an unknown source, the first cases of local transmission in the country in 102 days. (AP Photo/Mark Baker)
August 11, 2020 - 8:23 am
WELLINGTON, New Zealand (AP) — New Zealand Prime Minister Jacinda Ardern said Tuesday that authorities have found four cases of the coronavirus in one Auckland household from an unknown source, the first reported cases of local transmission in the country in 102 days. Ardern said Auckland, the...
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Three stand up paddlers on the river Main in Frankfurt, Germany, as the sun sets, Tuesday, Aug. 4, 2020. (AP Photo/Michael Probst)
August 11, 2020 - 7:21 am
BERLIN (AP) — German authorities raided an import-export company and the home of a businessman in the state of Brandenburg on Tuesday on suspicion he was involved in a scheme to launder millions of euros (dollars) for Russian criminals, prosecutors said. The suspect is accused of receiving some 7...
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President Donald Trump talks with reporters before departing from Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 9, 2020. Trump was returning to Washington after spending the weekend at Trump National Golf Club. (AP Photo/Susan Walsh)
August 11, 2020 - 5:36 am
WASHINGTON (AP) — President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory. His directive — aimed at boosting an economy shaken by the coronavirus pandemic — doesn’t affect retirement benefits but impacts how they're paid for...
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FILE - In this Aug. 7, 2019, file photo, people walk by a SoftBank shop in Tokyo. Japanese technology conglomerate SoftBank Group Corp. saw its April-June profit rise 12% as its investments added to its coffers, including sales of U.S. carrier T-Mobile shares. (AP Photo/Koji Sasahara, File)
August 11, 2020 - 5:07 am
TOKYO (AP) — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S. carrier T-Mobile. Tokyo-based SoftBank reported Tuesday a fiscal first quarter profit...
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Residents pass by an advertisement for Hybrid cars from Toyota on the streets of Beijing on Tuesday, Aug. 4, 2020. China’s auto sales rose by 16.4% in July over a year earlier to 2.1 million units in a sign of sustained recovery for the industry’s biggest global market, an industry group said Tuesday. (AP Photo/Ng Han Guan)
August 11, 2020 - 3:30 am
BEIJING (AP) — China’s auto sales rose by 16.4% in July over a year earlier to 2.1 million units in a sign of sustained recovery for the industry’s biggest global market, an industry group said Tuesday. The China Association of Automobile Manufacturers reported that sales of passenger cars jumped 8...
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FILE - In this Aug. 3, 2020, file photo, a woman wearing a face mask walks by an electronic stock board of a securities firm in Tokyo. Shares advanced in Asia on Tuesday, Aug. 11, extending another rally that took the S&P 500 to within striking distance of its all-time high set in February. (AP Photo/Koji Sasahara, File)
August 10, 2020 - 10:59 pm
Shares advanced in Asia on Tuesday, extending another rally that took the S&P 500 to within striking distance of its all-time high set in February. Japan’s Nikkei 225 added 1.6% and Hong Kong gained more than 2% in early trading, even as the tally of confirmed new coronavirus cases worldwide...
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President Donald Trump prepares to sign four executive orders during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. Seizing the power of his podium and his pen, Trump on Saturday moved to bypass the nation's elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed.(AP Photo/Susan Walsh)
August 10, 2020 - 10:49 pm
RICHMOND, Virginia (AP) — Governors and state labor department officials were scrambling Monday to determine whether they could implement President Donald Trump’s executive order to partially extend unemployment assistance payments to millions of Americans struggling to find work in the pandemic-...
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Women wearing face masks to help protect against the coronavirus walks by an advertising board displaying an American flag and Statue of Liberty on a street in Beijing, Thursday, Aug. 6, 2020. China's biggest recent outbreak of coronavirus has grown slightly. Hundreds people have developed COVID-19 in the far northwestern region of Xinjiang, with more than dozens of new cases reported Thursday in its capital and largest city, Urumqi. (AP Photo/Andy Wong)
August 10, 2020 - 9:53 pm
PROVIDENCE, R.I. — The confirmed number of coronavirus cases in the world has reached 20 million. That’s according to the tally kept by Johns Hopkins University. Health officials believe the actual number is much higher, given testing limitations and the fact that as many as 40% of all those who...
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