Business News

California shuts bars, indoor dining and most…

California Gov. Gavin Newsom has extended the closure of bars and indoor dining statewide and has ordered gyms, churches and hair salons closed in most places as coronavirus cases keep rising

US budget deficit hits all-time high of $864…

The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues

Germany aims to make its EU presidency 'climate neutral'

German is aiming to make its six-month presidency of the European Union “climate neutral.”

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Strong demand for virus testing services…

Quest Diagnostics is seeing growing demand for its COVID-19 testing services

Analog Devices buys Maxim, creating $68 billion…

Analog Devices is buying Maxim Integrated in an all-stock deal that values the combined business at more than $68 billion

Google announces $10 billion 'digitization' fund…

U.S. tech giant Google is investing in a $10 billion fund to help accelerate India’s transition to a digital economy in the next five to seven years

EU, Turkey clash over Hagia Sophia, Mediterranean…

Turkey and the European Union have clashed over Ankara’s energy exploration in disputed Mediterranean waters and changing the status of Hagia Sophia from a museum to a mosque

BT CEO warns of long road to excise Huawei from…

The CEO of BT has warned it may take a decade to remove Huawei equipment from Britain’s telecom infrastructure if the UK government caves in to US pressure to dump the telecom provider from its networks

Asia shares drop on jitters over virus, China-US…

Asian shares are falling as skepticism sets in about the recent upward momentum in global markets

Undaunted, US global media chief plows ahead with…

The new chief of U.S. global media is plowing ahead with changes to the Voice of America and other international broadcasters, heightening concerns for the independent news organizations

Asian shares gain on hopes for recovery, despite…

Shares have risen in Asia, cheered by upbeat projections on a global economic rebound from pandemic shocks but tempered by caution over worsening virus outbreaks

California CEO resigns over video showing racist outburst

The chief executive of a California technology company has resigned after the release of a video showing him using vulgar and racist language toward an Asian family at a restaurant

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Hyundai exec: Online sales will help with virus resurgence

The past five years have been rough for Hyundai in the U.S. as it scrambled to catch up with a shift in consumer preferences from cars to trucks and SUVs

Chatham announces plan to buy newspaper publisher…

Hedge fund Chatham Asset Management said it plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family control

Games maker Ubisoft shakes up staff amid…

French gaming giant Ubisoft is parting ways with its creative director and two other executives following an internal investigation of misconduct and media reports of sexual harassment

Libyan forces set conditions for lifting oil blockade

Forces loyal to a Libyan commander say they will only allow the reopening of oil fields and terminals once a mechanism has been set up to fairly distribute revenue across the fiercely divided country

As beach towns open, businesses are short foreign…

Businesses in beach communities and mountain getaways up and down the East Coast are fretting about a shortage of workers as the summer season picks up steam

Pandemic leads 7-Eleven to forgo free Slurpees on…

The coronavirus pandemic has taken away another summertime tradition in the U.S.: There will be no free Slurpees at 7-Elevens on Saturday — July 11 — to hail a date that doubles as an abbreviation of the convenience store’s name

Disney World reopens as coronavirus cases surge…

“The Most Magical Place on Earth” has reopened after nearly four months with new rules in place to help prevent the spread of COVID-19

COVID-19 heroes must jump through hoops for…

Essential workers are lauded for their service and hailed as everyday heroes

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